Kandi Technologies Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:31 am EST
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Kandi Technologies Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 36.43 million compared to USD 33.67 million a year ago. Revenue was USD 36.43 million compared to USD 33.67 million a year ago. Net income was USD 0.868902 million compared to USD 0.379019 million a year ago.
For the nine months, sales was USD 95.24 million compared to USD 79.41 million a year ago. Revenue was USD 95.24 million compared to USD 79.41 million a year ago. Net income was USD 4.57 million compared to net loss of USD 3.17 million a year ago.
Kandi Technologies Group Inc is a China-based investment holding company mainly engaged in vehicle manufacturing. The Company's main businesses include designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts. The Company is also engaged in applying EV technology to off-road vehicle products and launching a variety of pure electric utility vehicles (UTV), Neighborhood EVs (NEVs), Golf carts and off-road crossover vehicles. The Company mainly operates its businesses in the domestic market.
KANDI TECHNOLOGIES GROUP, INC. 
