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Kandi(KNDI) - 2023 Q2 - Quarterly Report
2023-08-08 11:30
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(KNDI) - 2023 Q1 - Earnings Call Transcript
2023-05-10 15:01
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 ...
Kandi(KNDI) - 2023 Q1 - Quarterly Report
2023-05-10 12:25
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) | --- | |------------------------------ ...
Kandi(KNDI) - 2022 Q4 - Annual Report
2023-03-16 17:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2022 or ☐ TRANSITION REPORT UNDER 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) | --- | --- | --- | |------------ ...
Kandi(KNDI) - 2022 Q4 - Earnings Call Transcript
2023-03-15 16:58
Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q4 2022 Results Conference Call March 15, 2023 8:00 AM ET Company Participants Kewa Luo - Manager-Investor Relations Xueqin Dong - CEO Hu Xiao Ming - Chairman of the Board Conference Call Participants Mike Pfeffer - Oppenheimer Arthur Porcari - Corporate Strategies Operator Hello and welcome to Kandi Technologies Full Year 2022 Financial Results Conference Call and Webcast. [Operator instructions] As a reminder this conference is being recorded. It is now my plea ...
Kandi(KNDI) - 2022 Q3 - Earnings Call Transcript
2022-11-08 17:25
Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q3 2022 Earnings Conference Call November 8, 2022 8:00 AM ET Company Participants Kewa Luo – Manager-Investor Relations Hu Xiao Ming – President and Chief Executive Officer Conference Call Participants Harold Gaboury – Private Investor Frank Blatterman – Private Investor Mike Pfeffer – Oppenheimer Arthur Porcari – Corporate Strategies Mark Miller – Private Investor Operator Good day and welcome to Kandi Technologies Third Quarter 2022 Financial Results Call. [Ope ...
Kandi(KNDI) - 2022 Q2 - Earnings Call Transcript
2022-08-08 17:25
Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q2 2022 Earnings Conference Call August 8, 2022 8:00 AM ET Company Participants Kewa Luo - Director, Investor Relations Hu Xiaoming - Chief Executive Officer Alan Lim - Chief Financial Officer Conference Call Participants Michael Pfeffer - Oppenheimer Arthur Porcari - Corporate Strategies Operator Greetings and welcome to Kandi Technologies Second Quarter 2022 Financial Results Call. At this time, all participants are in a listen-only mode. A question-and-answer ...
Kandi(KNDI) - 2022 Q1 - Earnings Call Transcript
2022-05-09 14:54
Financial Data and Key Metrics Changes - Kandi Technologies reported nearly $25 million in revenue for Q1 2022, representing a year-over-year increase of 56% [5][6][18] - The company has a strong cash position, trading at a significant discount to its book value and cash reserves [38][36] Business Line Data and Key Metrics Changes - The establishment of Hainan Kandi Holding New Energy Technology Company Limited aims to produce crossover electric golf cars, with 778 units delivered by the end of April and an expectation to ship another 2,000 in May [6][7] - Kandi's focus on all-electric off-road vehicles and battery swapping technology is expected to drive future growth [7][29] Market Data and Key Metrics Changes - The company is optimistic about the prospects in the all-electric off-road vehicle market, particularly as the China EV market stabilizes [7][29] - The partnership with Hunan Hengrun Automobile Limited for battery swap enabled electric vehicles is progressing, with the application for necessary licenses already in the public announcement stage [8][9] Company Strategy and Development Direction - Kandi is focused on innovative R&D to improve technology and create new opportunities in the electric vehicle sector [7][29] - The company aims to strengthen its fundamental business operations and is cautious about market entry until conditions are more favorable [35][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current challenges in the Chinese market but believes that the share price is undervalued and will rise as business performance improves [40][41] - The company is committed to developing its battery swap technology and believes it is a key direction for future growth [29][31] Other Important Information - Kandi repurchased 603,000 shares from April 1 to May 5, indicating ongoing commitment to shareholder value [22] - The company is adjusting its K23 and K27 models to Neighborhood Electric Vehicles (NEVs) due to regulatory challenges in the U.S. [43][44] Q&A Session Summary Question: Has the deal with Hunan Hengrun been activated? - Yes, the agreement is in place and the application is in the public announcement stage [9] Question: Will Kandi's brand be used in the joint venture? - The vehicles will carry the Henghe brand, but Kandi will play a major role in manufacturing [11] Question: What does Hengrun contribute to the battery exchange program? - Kandi produces major components, while Hengrun assembles and sells the vehicles in the Chinese market [13] Question: What is the status of the K23 and K27 models in the U.S.? - The models have not yet met U.S. safety requirements, and a timeline for compliance is uncertain [43][44] Question: What is the status of the strategic cooperation agreement with the State Grid? - The agreement is still in place, but large-scale implementation has not yet occurred due to market conditions [48]