kandi technologies vehicles

The Affiliate Company has established itself as one of the driving forces in the development and the manufacturing of pure EV products in China.More information about KNDI is available on the Company's corporate website at http://www.kandivehicle.com.

Kandi Vehicles has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles.

Es handelt sich dabei um die E-Kleinwagen K27 und K23, die unter Einberechnung der staatlichen Steuergutschrift zu Preisen ab 12.999 bzw. 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). The increase in total operating income was mainly due to the gain on disposal of long-live asset related to the real estate repurchase agreement of our Jinhua Facility’s relocation which was $13.9 incurred during the second quarter of 2020.Net income was $4.1 million in the second quarter of 2020, compared with net loss of $7.3 million in the same quarter of 2019. In 2019, the company announced plans to expand its market to the The company shipped 50–100 EVs to USA at end of May/early June 2019. Additionally, Jinhua An Kao owns three invention patents and 14 utility model patents relating to plug-in and soft-connection PACK technology.In 2018, Kandi transitioned into longer-range electric vehicles with the K23 and EX3 models.Kandi acquired Sportsman Country LLC for $10 million in June 2018.Jiangsu Development and Reform Commission approved Kandi with 1 of 3 EV manufacturing licenses. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements. Kandi Technologies is the joint venture of Kandi Vehicles and Geely Group, which is one of China's largest automakers. JINHUA, China, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, commented, “Our second quarter results were satisfactory. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Chinese workers push an EV past electric vehicles displayed at a parking lot of Zhejiang Kandi Vehicles Co., Ltd, in Hangzhou city, east China's Zhejiang province. Our first fully automatic intelligent battery swapping equipment was delivered to the rideshare operator in Hainan on August 2. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Please remove or replace such wording and instead of making proclamations about a subject's importance, use facts and attribution to demonstrate that importance. Kandi Vehicles has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles.In 2013, Kandi Vehicles and Geely Group, China's leading automaker, jointly invested in the establishment of the Affiliate Company in order to develop, manufacture and sell pure electric vehicle ("EV") products. Kandi Vehicles has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles. Geely Group (including its affiliate) and Kandi Vehicles currently holds 78% and 22% of the equity interests in the Affiliate Company, respectively. The stock closed up 34.3 percent at $7.98 a share.Got a confidential news tip? "While the two cars are all electric, Kandi is not a "pure play" electric auto maker like Kandi shares have risen more than 120 percent in the past year and hit a 52-week high on Wednesday of $8.53 a share. The National Highway Traffic Safety Administration approved Kandi to ship its Model EX3 and Model K22 cars to the U.S."With this, we are confident in introducing our reliable vehicles to the American public," CEO Hu Xiaoming said in a statement.

Due to the outbreak of COVID-19 in China, the demand for EV parts from customers was significantly affected during the first half of 2020.Total operating income in the second quarter of 2020 were $8.1 million, compared with $7.2 million of total operating expenses in the same quarter of 2019.

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