Financial Data and Key Metrics Changes - In 2023, Kandi Technologies achieved a revenue increase, reaching its highest level in the past three years, with gross profit rising by 112% to $40.4 million and a net profit of $1.7 million, a significant recovery from a net loss of $12.9 million in 2022 [4][5]. Business Line Data and Key Metrics Changes - The company successfully pivoted to off-road electric vehicles, launching new products such as electric UTVs and mini golf karts, and expanded sales channels through the acquisition of Northern Group and partnerships with Lowe's [4][5]. Market Data and Key Metrics Changes - Kandi Technologies is expanding its retail presence, having added over a dozen retail chains and aiming to increase dealership partnerships from 300 to over 1,000 in 2024 [13][104]. Company Strategy and Development Direction - The company is focusing on research and development to introduce more competitive electric off-road vehicle products, reflecting confidence in future growth and a commitment to enhancing shareholder value [5]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the electric off-road vehicle market and indicated that the strategic shifts made in recent years are expected to yield significant growth in 2024 [5][25]. Other Important Information - The company is considering potential acquisitions and the establishment of manufacturing facilities in North America, particularly in response to potential political changes affecting tariffs on goods from China [90][92]. Q&A Session Summary Question: How big can the Lowe's relationship evolve? - Management indicated that the cooperation with Lowe's is expected to expand beyond golf carts to include other products [9]. Question: What are the payment terms with Lowe's and Walmart? - Payment terms are confidential, but they follow agreed-upon terms between the parties [11]. Question: How many more superstore chains will Kandi add in the next 12 months? - Kandi is working with over a dozen retail chains and aims to expand dealership partnerships significantly [13]. Question: What is the status of the Kandi Cowboy side-by-side sales in Texas? - Sales plans are based on agreements with partners, and the products are selling according to the sales plan [15]. Question: What new products will be introduced this year and next year? - Kandi plans to launch a competitive electric off-road vehicle series and lithium batteries for various uses [17]. Question: Is the company still considering a Dutch auction for share buybacks? - Currently, a Dutch auction is not being adopted, but the company is undergoing a share buyback process [53]. Question: What are the plans for reintroducing electric cars? - Due to a competitive market in China, the focus has shifted to electric off-road vehicles, but the company is assessing the EV market for future opportunities [55]. Question: How is Kandi managing its inventory levels? - The increase in inventory is aligned with sales plans to meet the demands of partners like Lowe's [84]. Question: What is the company's strategy for international distributorships? - Kandi is utilizing foreign trading companies to ship products to regions like the UK and EU, with plans for expansion [86]. Question: How will revenues be booked if Kandi spins off its U.S. subsidiary? - Intercompany transactions will be managed to avoid double counting, and Kandi will likely remain the controlling shareholder of the subsidiary [110].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 90-0363723 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock KNDI NASDAQ Global Select Market FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR ...

Exhibit 99.1 Kandi Technologies Reports 2023 Financial Results - $123.6 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 ...

JINHUA, China--(BUSINESS WIRE)--Kandi America (“Kandi” or “the Company”), a leading distributor of all-electric personal transportation and utility vehicles, announces its participation in the 2024 PGA show, organized by Reed Exhibitions in collaboration with the PGA of America. This annual event, scheduled for January 23-26 in Orlando, Florida, offers Kandi a prime opportunity to exhibit its latest innovations and engage with industry professionals on a global scale. Kandi America is the trade name for SC ...

Financial Data and Key Metrics Changes - The company achieved a cumulative net income of approximately $6.3 million during the first three quarters of 2023, with diluted earnings per share of $0.08, marking a significant improvement from a net loss of approximately $2.4 million or diluted loss per share of $0.03 for the same period in 2022 [6][10]. Business Line Data and Key Metrics Changes - The acquisition of the Northern Group by SC Autosports has enhanced the sales pipeline, leveraging extensive sales expertise and distribution channels [8]. - The company displayed new fully electric vehicles at a trade show, receiving positive feedback and enhancing its presence across various distribution channels [9]. Market Data and Key Metrics Changes - The company is focusing on expanding its presence in the North American market, with expectations of substantial growth in production and sales in 2024 compared to the current year [10]. Company Strategy and Development Direction - The primary focus remains on expanding in the North American market, with a commitment to innovation and quality to meet the increasing demand for fully electric off-road vehicles [10]. - The company is also committed to entering global markets, with expectations of significant growth in production and sales [10]. Management's Comments on Operating Environment and Future Outlook - Management highlighted the successful transformation from loss to profit in the first half of 2023 and continued profitability in the third quarter, attributing this to strategic adjustments made in recent years [6]. - Management expressed confidence in achieving a gross margin of around 38% and a sales target close to $500 million within the next two years [30][32]. Other Important Information - The company purchased a 75,000 square foot shipping center in Texas to boost marketing capabilities in the United States [9]. - Management is considering the possibility of share buybacks in the future [44]. Q&A Session Summary Question: Concerns about U.S. investors avoiding China stocks and electric automakers - Management acknowledged the operational cash management view and confirmed the strategic shift away from EV autos back to the off-road business, emphasizing the company's manufacturing capabilities and market demand in the U.S. [12][14]. Question: Expansion plans and market projections - Management confirmed that distributors in certain countries are selling products, with expectations of new sales in the U.S. and Europe within the next 12 months [14][24]. Question: Production capacity and surprises - Management stated that production capacity can meet market demand and hinted at potential surprises in the coming months [15]. Question: Pricing strategy in the U.S. vs. Europe - Management explained that lower prices in the U.S. are due to a focus on market occupancy and fewer distribution layers, while prices in Europe are higher due to distributor involvement [22]. Question: Public announcements regarding international locations - Management indicated that they are in the early stages of promoting products globally and will keep shareholders updated on developments [24]. Question: Handling of international expansion and growth projections - Management confirmed that they are discussing with various distributors and supermarkets to expand their network [26]. Question: Capacity increase from new distribution facility - Management confirmed that the new facility aims to increase sales capacity significantly, with a sales target of close to $500 million within the next two years [30]. Question: Gross margin expectations - Management estimated that the gross profit margin for the whole year 2023 will be above 30% and expressed confidence in achieving or exceeding a 25% CAGR in the foreseeable future [32]. Question: Public relations strategy and visibility - Management acknowledged the need for adjustments in publicity methods and confirmed that they are not hiding relationships with major retailers [42][39].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______to______ Commission File Number 001-33997 KANDI TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in charter) Delaware (Stateorotherjurisdictiono ...

Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Kewa Luo - Investor Relations Director Xueqin Dong - Chief Executive Officer Xiaoming Hu - Chairman of the Board Alan Lim - Chief Financial Officer Conference Call Participants Frank Blatterman - Private Investor Joel Kramer - Private Investor Michael Pfeffer - Oppenheimer Arthur Porcari - Corporate Strategies Francis Forte - Private Investor Operator Greetings and welcome to Kandi Te ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 90-0363723 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Jinhua New Energy Vehicle Town Jinhua, Zhejiang Province People's Republic of China 321016 (Address of principal executive offices) (Zip Code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock KNDI NASDAQ Global Select Market FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 ...

Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q1 2023 Earnings Conference Call May 10, 2023 8:00 AM ET Company Participants Kewa Luo - Director, IR Xueqin Dong - President and CEO Hu Xiao Ming - Chairman of the Board Jehn Ming Lim - CFO Conference Call Participants Unidentified Analyst - Private Investor Unidentified Analyst - Private Investor Michael Pfeffer - Oppenheimer Walter Hill - Carty & Co. Arthur Porcari - Corporate Strategies Operator Good morning and welcome to Kandi Technologies First Quarter 202 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______to______ Commission File Number 001-33997 KANDI TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in charter) | --- | |------------------------------ ...