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Company:
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KANDI TECHNOLOGIES GROUP, ... (KNDI)
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Form Type:
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4
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Filing Date:
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5/19/2021
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CIK:
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0001316517
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Address:
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JINHUA NEW ENERGY VEHICLE TOWN
ZHEJIANG PROVINCE
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City, State, Zip:
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JINHUA, 321016
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Telephone:
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(86-0579) 82239851
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$2.47
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Change:
-0.05 (-1.98%)
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Trade Time:
Aug 05
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Market Cap:
$186.99M
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Description of Business
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Kandi Technologies Group, Inc. ("Kandi Technologies") is a Delaware holding
company, with its common stock being traded on the NASDAQ Global Select Market.
As a holding company with no material operations of its own, a substantial
majority of the operations are conducted through our wholly-owned subsidiaries
established in the People's Republic of China, or the PRC, including Zhejiang
Kandi Technologies Group, Co. Ltd. ("Zhejiang Kandi Technologies") and U.S.
wholly-owned subsidiaries SC Autosports, LLC ("SC Autosports") and their
subsidiaries.
Originally, the Company's primary business operations consist of designing,
developing, manufacturing and commercializing electric vehicle ("EV") products
and EV parts. However, in recent years, some EV enterprises in China are seizing
market share at the cost of huge losses. The Company gradually realized that the
EV market of China has not reached a healthy and orderly development stage.
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