Kandi Technologies Group Inc (OQ:KNDI)

Business Focus: Electrical (Alternative) Vehicles

Sector:  Consumer Cyclicals Industry:  Auto & Truck Manufacturers
 
See Regulatory Filings on SEC
Company Contact
Address: Jinhua New Energy Vehicle Town
JINHUA ZHJ 321016
Tel: 1-212-5513610
Website: en.kandivehicle.com
IR: See website
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Key People
Xueqin Dong
President, Chief Executive Officer, Director
Lim Jehn Ming
Chief Financial Officer
 
Business Overview
Kandi Technologies Group Inca China-based investment holding company. The Company's main businesses include designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts. The Company is also engaged in applying EV technology to off-road vehicle products and launching a variety of pure electric utility vehicles (UTV), Neighborhood EVs (NEVs), Golf carts and off-road crossover vehicles. The Company mainly operates in the domestic market.
Financial Overview
For the fiscal year ended 31 December 2023, Kandi Technologies Group Inc revenues increased 5% to $123.6M. Net income totaled $7K vs. loss of $12.1M. Revenues reflect Off-road vehicles segment increase of 51% to $107M, Over seas segment increase of 43% to $94M. Net Income reflects General and administrative - Balancing decrease of 20% to $24.3M (expense), Interest income increase of 55% to $10M (income).
Employees: 840 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $159.03M as of Dec 31, 2023
Annual revenue (TTM): $123.60M as of Dec 31, 2023
EBITDA (TTM): $0.33M as of Dec 31, 2023
Net annual income (TTM): $0.01M as of Dec 31, 2023
Free cash flow (TTM): -$114.41M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 87,358,234 as of Mar 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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