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Kandi Technologies Group Inc (KNDI.O)

KNDI.O on Nasdaq

3.80USD
29 Mar 2017
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$3.80
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287,449
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$8.24
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$3.40

Latest Key Developments (Source: Significant Developments)

Kandi Technologies FY adjusted non-gaap EPS $0.10
Thursday, 16 Mar 2017 07:02am EDT 

Kandi Technologies Group Inc : Kandi Technologies reports full year 2016 financial results . Kandi Technologies Group Inc - total revenues were $129.5 million in 2016, a decrease of 35.6% from total revenues of $201.1 million in 2015. . FY GAAP loss per share $0.14 . FY adjusted non-gaap earnings per share $0.10 . Kandi Technologies Group Inc - EV parts sales decreased by 38.8% to $120.1 million in 2016, compared with EV parts sales of $196.1 million in 2015. .Kandi Technologies Group Inc - in Q4 2016, JV company sold 2,764 EV products..  Full Article

Kandi Technologies says will report its full year 2016 on March 16
Wednesday, 15 Mar 2017 08:32am EDT 

Kandi Technologies Group Inc :Kandi technologies group inc says will report its full year 2016 on thursday, march 16, 2017.  Full Article

Kandi Tech says company's previously issued financial statements should no longer be relied upon
Monday, 13 Mar 2017 06:00pm EDT 

Kandi Technologies Group Inc : Kandi technologies-identified areas in financials for years ended dec 31, 2015,2014, first 3 qtrs for fy ended dec 31, 2016 that require adjustment . Kandi technologies group inc says concluded that company's previously issued financial statements should no longer be relied upon- sec filing . Kandi technologies group inc- reassessing its internal controls over its financial reporting and compliance programs - sec filing . Kandi technologies group inc - restatements will have no effect on net income of company as reported in previously issued financial statements .Kandi technologies group inc - company dismissed awc and engaged bdo china shu lun pan certified public accountants llp.  Full Article

Kandi Technologies says govt will re-calculate subsidy payments for EVS that were manufactured during 2013-2014 period
Tuesday, 20 Dec 2016 08:47am EST 

Kandi Technologies Group Inc : Re-Calculation is result of certain complications in jv company's advanced reusable battery exchange model . Kandi technologies group - according to final results, government will re-calculate subsidy payments for evs that were manufactured during 2013-2014 period . Kandi technologies - jv company has made modifications to its battery exchange model and has obtained government approval in february of 2016 . Kandi technologies group - applying 2016 guidelines for evs from 2013 to 2014, jv co estimates need to write off about $6.6 million of recorded account receivables . Evs that were manufactured in 2015 and 2016 remain eligible for same amount of government subsidies . Kandi technologies group - jv co incurred roughly $6.6 million in lost subsidies which converts into $3.3 million losses to kandi on equity method of accounting basis .The final results of government subsidy review related to kandi’s jv company released.  Full Article

Kandi technologies reports Q3 GAAP loss per share $0.01
Wednesday, 9 Nov 2016 06:02am EST 

Kandi Technologies Group Inc : Says total revenues decreased 87.4 pct to $6.4 million for Q3 of 2016 . Expects JV Company to deliver 2,000 to 2,200 EV products in Q4 . Kandi Technologies Group will introduce two new EV models in 2017 . China's government "preceded review on subsidies paid to ev manufacturers" that caused 2015 subsidy payments remain unpaid industry-wide . Kandi Technologies reports third quarter 2016 financial results . Q3 GAAP loss per share $0.01 . Sees Q4 2016 revenue $28 million to $30 million .Q3 adjusted non-gaap loss per share $0.04.  Full Article

Kandi Technologies Qtrly EPS $0.06
Tuesday, 9 Aug 2016 07:00am EDT 

: Kandi technologies reports second quarter 2016 financial results . Kandi technologies group inc says q2 2016 revenue increased 15.1% yoy to $55.2 million .Kandi Technologies Group Inc qtrly earnings per share $0.06.  Full Article

Kandi Technologies gets RMB100 mln in subsidy for expenditure for new model of electric vehicle
Monday, 8 Aug 2016 08:32am EDT 

Kandi Technologies Group Inc :Kandi Technologies reports the receipt of RMB100 million in initial subsidy for research and development expenditures for the new model of electric vehicle.  Full Article

Kandi's JC company signs sales agreement with Pang Da for 60,000 electric vehicles
Monday, 25 Jul 2016 09:03am EDT 

Kandi Technologies : Kandi's JV company signs framework sales agreement with Pang Da for 60,000 electric vehicles .Kandi electric vehicles signed framework sales agreement with Pang Da Automobile to sell electric vehicles.  Full Article

Kandi Technologies announces JV company's plan to sell 1,500 electric vehicles
Thursday, 21 Jul 2016 08:02am EDT 

Kandi Technologies Group Inc : Kandi Technologies announces the JV Company's plan to sell 1,500 electric vehicles for launching micro public transportation program in the cities of Tianjin and Jiangyin .Program to be launched by ZZY-Tianjin and ZZY-Jiangyin with expectation for delivery of 1,000 EVS in Tianjin and 500 EVS by 2016.  Full Article

Kandi expects to exceed Q2 EV sales forecast
Thursday, 14 Jul 2016 08:32am EDT 

Kandi Technologies Group Inc : Kandi Technologies expects to exceed Q2 EV sales forecast .Expects to exceed its previously announced sales forecast of 5,500 to 6,000 EV products by approximately 10%.  Full Article

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