Jinhua, China, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, today announced that on October 6, 2024, its Board of Directors approved several significant corporate decisions. During this meeting, the Board accepted the resignation of Mr. Xiaoming Hu as Chairman of the Board and appointed Dr. Xueqin Dong as his successor. Additionally, Dr. Dong stepped down as CEO, and Mr. Feng ...

文章核心观点 - 公司宣布董事会和高管层的重大变动,标志着公司进入新的发展阶段 [1][2] - 公司将专注于电动越野车和可持续出行解决方案,并将在未来几周内宣布新的战略举措 [2] 董事会和高管层变动 - 胡小明先生辞去董事长职务,但将继续担任董事,为公司提供宝贵建议 [1] - 董事会选举董东雪博士为新任董事长,他将带领公司度过当前的挑战时期 [2] - 公司任命陈峰先生为新任首席执行官,他拥有丰富的电动车和电池换电领域经验 [2] 公司战略 - 公司将专注于电动越野车和可持续出行解决方案,以实现长期增长和为股东创造价值 [2] - 公司将在未来几周内宣布新的战略举措,以推动公司发展 [2] 公司概况 - 公司总部位于浙江省金华新能源汽车小镇,主要从事各类车辆产品的研发、制造和销售 [3] - 公司是中国领先的纯电动车零部件和越野车制造商之一 [3]

财务数据和关键指标变化 - 公司实现总收入3.91亿美元,同比增长8.9% [16] - 纯电动越野车及相关配件销售收入增长11.3%至3.47亿美元 [16] - 公司现金及现金等价物、受限现金、短期投资和存单合计21.96亿美元 [18] - 公司回购673,896股股票,平均价格为2.25美元/股 [18] 各条业务线数据和关键指标变化 - 公司主要业务为纯电动越野车及相关配件,该业务收入占比较高 [16] - 公司正在拓展电动水上运动产品等新业务 [27] 各个市场数据和关键指标变化 - 美国市场是公司主要市场,公司正在美国市场推出新产品线 [17] - 公司已获得欧盟EEC认证,正在开拓欧洲市场 [19] - 公司正在开拓亚洲等其他国际市场 [19] 公司战略和发展方向及行业竞争 - 公司未来将继续专注于产品组合拓展和市场拓展,尤其是美国和欧洲市场 [19] - 公司正在考虑在美国建立生产线 [66] - 公司正在与台湾厂商合作,以增强供应链 [51][52] 管理层对经营环境和未来前景的评论 - 管理层认为公司股价严重低估,将加大营销广告力度吸引更多美国投资者 [45] - 管理层对公司未来发展前景保持乐观 [19] 其他重要信息 - 公司与美国家得宝(Lowe's)达成合作,将推出官方授权NFL高尔夫球车 [17][53][57][58][61] - 公司自有制造能力超过90% [75] - 公司在中国拥有多个生产基地,总产能超过10万辆各类车型及零部件 [73][129] 问答环节重要的提问和回答 问题1 **Joe Kramer 提问** 公司未来计划推出哪些新产品,包括启动电池和电动越野车等 [22][24][26][29] **Xueqin Dong 回答** 公司正在研发启动电池、更具竞争力的电动越野车和电动水上运动产品等新品 [25][27][28] 问题2 **Mark Cannell 提问** 公司是否考虑以低于账面价值的价格进行股票回购,以提升股价 [44][46][49] **Xueqin Dong 回答** 公司认识到股价严重低估,将加大营销广告力度吸引更多投资者 [45] 问题3 **Arthur Porcari 提问** 家得宝(Lowe's)为何选择合作Kandi,以及未来是否会推出更多NFL主题高尔夫球车 [104][110][111] **Olen Rice 回答** 家得宝有严格的供应商和产品筛选标准,选择Kandi是基于产品质量和价值主张,以及双方建立的高度信任 [106][114]

Strong Financial Position with ~$220 million cash and cash equivalentsReturned Capital to Shareholders via Active Share Repurchase ProgramIntroduced Officially Licensed NFL Team Golf Carts Exclusively Available at Lowe’s JINHUA, China, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2024. Second Quarter Highlights Total revenues increased to $39.1 million, up from $36.0 millio ...

Jinhua, China, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2024 financial results on Friday, August 16, 2024. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on Friday, August 16, 2024. Management will deliver prepared remarks to be followed by a question and answer session.  The dial-in deta ...

JINHUA, CHINA, July 22, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) ("Kandi" or the "Company"), a leader in all-electric personal transportation and utility vehicles, today announced that the first batch of its 10K fully electric UTVs, manufactured by its Taiwanese partner Hartford Industrial Co., Ltd. ("Hartford Industrial"), has successfully completed trial production. These vehicles are now packed and ready for delivery to the United States. This marks a significant mileston ...

JINHUA, CHINA, July 08, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, announced a strategic cooperation framework agreement (“Agreement”) among Kandi, SC Autosports (“Kandi America”), the wholly-owned subsidiary of Kandi in the United States, and Hartford Industrial Co., Ltd. (“Hartford Industrial”), a respected Taiwanese company specializing in the research, development, and manufa ...

文章核心观点 - 康迪科技集团与台湾公司哈特福德工业达成战略合作框架协议,双方将充分利用各自优势,提升产品质量和市场竞争力 [1][2] - 根据协议,哈特福德工业将受权生产康迪自主研发的越野车型,并通过康迪美国公司独家销售 [1] - 双方将在制造能力、供应链和市场渠道等方面进行深度合作,共同推出更具创新性和竞争力的产品 [2] 公司概况 - 康迪科技集团总部位于浙江省金华新能源汽车小镇,主要从事各类车辆产品的研发、制造和销售 [3] - 康迪美国公司是康迪科技在美国的全资子公司,主要从事电动休闲车和电动设备的分销业务 [4] 合作内容 - 哈特福德工业将受权生产康迪自主研发的越野车型,包括多功能车(UTV)、高尔夫球车和低速车 [1] - 哈特福德工业将全面使用康迪制造的零部件,并保证这些车型仅通过康迪美国公司销售 [1] - 这些越野车型将于2024年7月开始在哈特福德工业试生产,并计划在2024年底前完成量产准备,2025年初实现全面量产 [1] 合作目标 - 通过双方在技术、供应链和市场渠道等方面的优势互补,共同推出更具创新性和竞争力的产品 [2] - 进一步提升产品质量和市场竞争力,为客户提供更优质的产品和服务 [2]

JINHUA, CHINA, June 27, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles, announced the expansion of its UTV portfolio with the launch of the Innovator e10K. This new electric UTV combines strong performance with an eco-friendly design, ideal for eco-conscious adventurers seeking a powerful and precise off-road experience. The Innovator e10K features dual AC electric motors with a 10,00 ...

Revolutionizing Power Solutions with Exceptional Longevity, Efficiency, and Compatibility JINHUA, CHINA, June 20, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles and a pioneer in battery technology innovation and manufacturing, today announced the launch of its new AA battery, now available for sale in the United States. Designed to meet the growing demand for reliable and long-lasting ...