Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

KANDI TECHNOLOGIES GROUP, INC.

(KNDI)
  Report
Delayed Nasdaq  -  01:00 2022-11-25 pm EST
2.750 USD   +3.77%
11/08KANDI TECHNOLOGIES GROUP, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
AQ
11/08Transcript : Kandi Technologies Group, Inc., Q3 2022 Earnings Call, Nov 08, 2022
CI
11/08Earnings Flash (KNDI) KANDI TECHNOLOGIES GROUP Posts Q3 Revenue $33.7M, vs. Street Est of $29.3M
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Kandi Technologies : Brings America's Most Affordable Electric Vehicles to Market, Announces August 18 Virtual Event to Kick-off Pre-Sales

07/29/2020 | 02:06pm EST

Auto manufacturer unveils “Kandi. Auto EVolution for all.” campaign and EV giveaway

Kandi America, the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), an international automotive manufacturer, announced today its formal launch of the most affordable electric vehicles (EVs) on the U.S. market, with an initial focus on the Dallas-Fort Worth metroplex.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200729005834/en/

Kandi brings America's most affordable electric vehicles to market, announces August 18 virtual event to kick-off pre-sales (Photo: Business Wire)

Kandi brings America's most affordable electric vehicles to market, announces August 18 virtual event to kick-off pre-sales (Photo: Business Wire)

In conjunction, it has unveiled the “Kandi. Auto EVolution for all” campaign that centers around a live virtual launch event on August 18 to kick-off pre-sales and allow customers to put a fully-refundable $100 deposit down for models K27 and K23, which will be available for delivery in fourth quarter 2020.

“Electric vehicles have been valued for years for their efficiency, sustainability and innovation. However, owning the ‘it’ car often eluded consumers who desired a great EV alongside all the other comforts of modern living. Kandi changes that and revolutionizes the EV-buying experience for many,” said Johnny Tai, CEO of Kandi America. “At Kandi, we are on a mission to make electric cars accessible for all. With these first two models, we are starting an Auto EVolution that will allow anyone, regardless of their financial status, to afford a reliable, high-tech EV.”

The virtual launch will take place at 10 a.m. CST on August 18. Participants will engage in a meaningful experience, including an exclusive look at the sleek design and advanced technology features of models K27 and K23. Kandi will also conduct a drawing, with the lucky winner receiving a model K23. Registration for the giveaway will open in August.

Priced at $12,999 after federal tax credits, the K27 is the compact model with ample interior space that can comfortably accommodate up to four passengers. The car features a 17.69 kWh Lithium battery and a driving range up to 100 miles, making it an ideal automobile for urban driving.

For those in the market for a larger vehicle with more trunk space, the K23 is an affordable option at $22,499 after federal tax credits. The size of a small SUV, this model includes a 41.4 kWh Ternary Lithium battery and a driving range of more than 180 miles.

“This is an exciting time for Kandi Technologies as we successfully roll-out the sales of the K27 and K23 in the United States,” said Kewa Luo, Investor Relations Director of Kandi Technologies Group. "Since early 2019, we have been working hard to identify the right distributor, secure regulatory approvals and demonstrate readiness for success in this emerging and dynamic market. With those milestones achieved, we now look forward to this exciting next phase of growth.”

To register for the virtual event, visit www.drivekandi.com.

About Kandi America

Kandi Technologies Group, Inc. (NASD:KNDI) acquired SC Autosports, LLC in 2018 to be its exclusive U.S. distributor, operating as Kandi America. Headquartered in Garland, Texas, Kandi America specializes in the development, manufacturing and commercialization of electric vehicles, all-terrain vehicles, battery packs, automobile motors, controllers for electric vehicles, and air-conditioning systems. For more information, visit www.kandiamerica.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.


ę Business Wire 2020
All news about KANDI TECHNOLOGIES GROUP, INC.
11/08KANDI TECHNOLOGIES GROUP, INC. Management's Discussion and Analysis of Financial Condi..
AQ
11/08Transcript : Kandi Technologies Group, Inc., Q3 2022 Earnings Call, Nov 08, 2..
CI
11/08Earnings Flash (KNDI) KANDI TECHNOLOGIES GROUP Posts Q3 Revenue $33.7M, vs. Street Est ..
MT
11/08Kandi Technologies Group, Inc. Reports Earnings Results for the Third Quarter and Nine ..
CI
11/08Kandi Tech : Q3 Earnings Snapshot
AQ
11/08Kandi Technologies Reports Third Quarter 2022 Financial Results
AQ
11/03Kandi Technologies to Report Third Quarter 2022 Financial Results and Hold a Conference..
GL
11/03Kandi Technologies to Report Third Quarter 2022 Financial Results and Hold a Conference..
AQ
09/07Kandi Technologies Group, Inc. : Entry into a Material Definitive Agreement, Financial Sta..
AQ
08/08Transcript : Kandi Technologies Group, Inc., Q2 2022 Earnings Call, Aug 08, 2..
CI
More news
Analyst Recommendations on KANDI TECHNOLOGIES GROUP, INC.
More recommendations
Financials (USD)
Sales 2022 120 M - -
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -39,3x
Yield 2022 -
Capitalization 204 M 204 M -
Capi. / Sales 2022 1,70x
Capi. / Sales 2023 1,41x
Nbr of Employees 837
Free-Float 94,6%
Chart KANDI TECHNOLOGIES GROUP, INC.
Duration : Period :
Kandi Technologies Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KANDI TECHNOLOGIES GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 2,75 $
Average target price 5,00 $
Spread / Average Target 81,8%
EPS Revisions
Managers and Directors
Xiao Ming Hu Chairman, President & Chief Executive Officer
Jehn Ming Lim Chief Financial Officer
Jerry B. Lewin Independent Director
Henry Yu Independent Director
Li Ming Chen Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KANDI TECHNOLOGIES GROUP, INC.-14.33%204
TESLA, INC.-48.09%577 427
RIVIAN AUTOMOTIVE, INC.-71.52%27 196
LUCID GROUP, INC.-73.67%16 838
NIO INC.-67.90%16 805
LI AUTO INC.-47.63%16 402