SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. We believe this can be a productive partnership, as we marry their technology expertise with our manufacturing prowess and technology advantages.”. An archive of the webcast will be available on the Company’s website following the live call. As of March 31, 2020, our accounts receivable was $53.9 million, compared to $61.2 million as of December 31, 2019. In 2019, Kandi Technologies signed a non-binding framework with a ride-sharing alliance to provide 300,000 EVs within 5 … Kandi Technologies acquire SC Autosports in 2018 to be its exclusive U.S. distributor. CEO.CA members discuss high-risk penny stocks which can lose their entire value. JINHUA, China, June 05, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2020. Kandi Technologies Group Inc manufactures small vehicles including all terrain vehicles (ATVs), golf carts, motor cycles, motor scooters and go-karts. First Quarter of 2020 Conference Call DetailsThe Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on June 5, 2020. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. We have agreed to have Kandi to start using its power trains system to produce balance scooters for Hangzhou Chic. The Affiliate Company has established itself as one of the driving forces in the development and the manufacturing of pure EV products in China. SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Technologies Group, Inc. - KNDI, Kandi Receives First Real Estate Repurchase Payment, Kandi Technologies Appoints New Chief Financial Offer, Why I Love Titan Mining Corporation (TSX:TI), Huge Money to Be Made in Commodities Over Next Five to Eight Years. Total operating expenses in the first quarter were $4.6 million, compared with $3.2 million in the same quarter of 2019. More information about KNDI is available on the Company's corporate website at http://www.kandivehicle.com. Since the beginning of April, the situation has turned the corner; business is gradually resuming, sales are recovering, and consumer demand is rebounding.”, Commenting on important regulatory developments, Mr. Hu said, “As the inventor of the “vehicle/battery separation” battery swapping model for pure electric vehicles, we are extremely gratified to our industry’s regulators shift from rejecting battery swapping to fully embracing it. Kandi Technologies, Corp. KNDI 7.23 0.18 (2.36%). Net loss was $1.6 million in the first quarter, compared with net loss of $4.4 million in the same quarter of 2019. Kandi America — the U.S. subsidiary of Kandi Technologies Group, Inc. (Nasdaq: KNDI) based in China — will host a virtual launch event for two vehicles, the K27 and K23, on Aug. 18. Active, Closed, General contact email for the organization. This press release contains certain statements that may include "forward-looking statements." Stock ticker symbol (e.g. Through extensive product trials, we are able to meet a leading standard in China, and thus will go into mass production this month. Our products aimed at this market combines our motors and battery packs into a dynamic power train system. The increase in total operating expenses was primarily due to higher general and administrative expenses. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. 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. It is also planning to expand into 2–3 other Chinese cities during 2014. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements. Kandi Technologies Group, Inc. engages in the development, manufacture, and trade of vehicles. Western Copper & Gold (WRN) Investors Excited About $2BN Capex. Post-Market 0.07 (0.97%) 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. There will be 60 distinct policies supporting the trade port. We believe the port could catalyze rapid growth for our Hainan factory.”, Shifting to new market opportunities, Hu continued, “The COVID outbreak has seriously impacted the EV market in 2020, leading us to explore how to augment our business. Kandi is fully levered to the battery swap opportunity with the intelligent automatic swap system built by our subsidiary Jinhua Ankao. The primary action was closing our facilities and ceasing production. Kandi has been recognized as one of China’s Top 500 mechanical companies, nation’s high-tech enterprises, and a member of China Renewable Energy Auto Association. Kandi Technologies Group is a automobile Manufacturing company.