Kandi(KNDI) - 2023 Q4 - Annual Results
KNDIKandi(KNDI)2024-03-14 00:00

Exhibit 99.1 Kandi Technologies Reports 2023 Financial Results - 123.6millionnetrevenuehitsathree−yearhigh,markingareturntoprofitabilityJINHUA,China,March14,2024(GLOBENEWSWIRE)−−KandiTechnologiesGroup,Inc.(the“Company”,“we”or“Kandi”)(NASDAQGS:KNDI),todayannounceditsfinancialresultsforthefullyearendedDecember31,2023.FullYear2023Highlights●Totalnetrevenuesincreasedby4.9123.6 million net revenue hits a three-year high, marking a return to profitability JINHUA, China, March 14, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the full year ended December 31, 2023. Full Year 2023 Highlights ● Total net revenues increased by 4.9% to 123.6 million, from $117.8 million in 2022. ● As the primary driver of total re ...