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Kandi Technologies Group, Inc. (KNDI)
5.77 +0.08 (1.41%)
Pre-Market: 8:00AM EDT
Chart Events
Performance Outlook
| Previous Close | 5.39 |
| Open | 5.32 |
| Bid | 5.70 x 1000 |
| Ask | 5.73 x 2900 |
| Day's Range | 5.23 - 5.76 |
| 52 Week Range | 2.51 - 17.45 |
| Volume | 1,753,281 |
| Avg. Volume | 5,110,793 |
| Market Cap | 428.955M |
| Beta (5Y Monthly) | 2.14 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.19 |
| Earnings Date | Jun 03, 2021 - Jun 07, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 12.00 |
- GlobeNewswire
Kandi Technologies Completes Jinhua Manufacturing Exit Inspection
--Progress Toward Final Payment of $22.7 million-- Jinhua, China, April 20, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“the Company”, “we” or “Kandi”) (NASDAQ: KNDI) today announced that it completed all work necessary to vacate the property associated with its legacy manufacturing plant in the Jinhua Economic and Technological Development Zone. Accordingly, the Development Zone has acknowledged the completion and delivered to Kandi all required documents necessary to close the transaction. On schedule and as agreed, by the end of March 2021 Kandi finished relocating production and offices to the new industrial park and vacated the old factory property. In early April, the relevant Economic Zone authorities inspected the vacated land and determined that it met all stipulated conditions. This inspection and acceptance will now be verified by an additional set of interested parties. Upon their approval, within ten working days Kandi will receive the final installment payment of RMB 162 million (USD $22.7 million). About Kandi Technologies Group, Inc. Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua Economic Development Zone, Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") and its subsidiaries including Zhejiang Kandi Smart Battery Swap Technology Co., Ltd, and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States. Kandi Vehicles has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles. More information about KNDI is available on the Company's corporate website at http://www.kandivehicle.com. The Company routinely posts important information on its website. Safe Harbor Statement This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements. Follow us on Twitter: @ Kandi_Group Contacts: Kandi Technologies Group, Inc.Ms. Kewa Luo+1 (212) 551-3610IR@kandigroup.com The Blueshirt GroupMr. Gary Dvorchak, CFAgary@blueshirtgroup.com
- Zacks Small Cap Research
KNDI: 2020 - Positive Takeaways Despite COVID-19 Related Revenue Pressure
By M. Marin NASDAQ:KNDI READ THE FULL KNDI RESEARCH REPORT Kandi Technologies (NASDAQ:KNDI) reported 2020 results last week, with revenue coming in at $76.9 million compared to $135.7 million in 2019. As we have indicted in previous notes, revenue pressure largely reflects the economic impact of COVID-19. Revenue pressure on the company’s single largest product category, electric vehicles (EV)
- Motley Fool
Why Kandi Technologies Stock Fell 11.7% in March
What happened Shares of Kandi Technologies Group (NASDAQ: KNDI) dipped 11.7% in March, according to data from S&P Global Market Intelligence. The Chinese electric vehicle (EV) company announced new product lines in the month, but it sold off in conjunction with a broader pullback of valuations for companies in the EV space.
