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) | --- | |------------------------------ ...

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 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 ...

Financial Data and Key Metrics Changes - Kandi Technologies reported a revenue increase of 100% year-over-year, reaching $33.7 million in Q3 2022 compared to $16.8 million in Q3 2021, marking the highest quarterly sales since early 2021 [6] - The company achieved a positive net income for the quarter, attributed to improved gross margins and disciplined operating expense control [7] - Gross margin improved significantly due to higher margins from off-road vehicles and associated parts [7] Business Line Data and Key Metrics Changes - Off-road vehicles and associated parts accounted for over 60% of total revenue in Q3 2022, driven by a strategic pivot and new sales channels established in the U.S. [7] - The sales of golf carts, UTVs, and other off-road vehicles are expected to increase in 2023 due to rising consumer interest [7] Market Data and Key Metrics Changes - The company is experiencing a resurgence in consumer interest for its off-road vehicles, particularly in the U.S. market [7] - Despite potential economic weaknesses affecting consumer demand, Kandi plans to launch new electric vehicle products to capture market share [8] Company Strategy and Development Direction - Kandi Technologies is focused on a diversified and resilient business model, aiming for top-line growth through new product launches in the electric vehicle sector [8] - The company is refining its production workflow to meet market demand and has started normal shipping processes for the K32 off-road truck [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance despite global economic challenges and ongoing supply chain issues [6] - The company anticipates higher sales and net income in 2023, supported by a healthy cash position and strategic initiatives [8] Other Important Information - Kandi's revenue from the acquired company Jiangxi Huiyi in Q3 was approximately $6.3 million [14] - The company is transitioning its gas-powered go-karts to electric models in response to market trends [11] Q&A Session Summary Question: Status of Kandi's off-road products and electric go-karts - Management confirmed that production for the K32 off-road truck has started, and they are transitioning gas-powered go-karts to electric models [11] Question: Airbag issue for K23 and K27 - The airbag issue remains unresolved, and updates will be provided as they become available [14] Question: Contribution of acquired company to revenue - The revenue contribution from Jiangxi Huiyi in Q3 was about $6.3 million [14] Question: Relationship with Hengrun for battery swap vehicles - Kandi produces key components, while Hengrun is responsible for final assembly, with revenue generated from parts sold to Hengrun [19][24] Question: Future product variations and partnerships - Management is still working on details regarding new product variations and partnerships in the U.S. market [38] Question: Reorganization plan and its impact - The reorganization plan is in progress, and the company will maintain its NASDAQ listing while ensuring regular communication with shareholders [54]