Kandi Technologies Group, Inc.(KNDI)Earnings, Financials & Key Ratios

Establishes Kandi's entry into backup power and energy storage solutions for rapidly-growing AI data center market Jinhua, China, June 29, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that it has entered into certain investment agreements to acquire a 51% controlling stake in Hangzhou Xinchu New Energy Technology Co., Ltd. (“Xinchu”), an emerging provider of lithium battery backup power and battery management systems for data centers and telecom base stations, for a total cash consideration of RMB20 million (approximately US$2.9 million).

Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in ​petrol and diesel sales and allowing Chinese brands to ‌expand their footprint, data from the European Automobile Manufacturers' Association (ACEA) showed on Tuesday.

EV ‌maker ​Lucid ​Group ⁠said ​on ​Monday ​it ​will ‌reduce ⁠its ​U.S. ​workforce ⁠by ​about ​18%.

Kandi's International Off-Road Vehicle Business Reaches Customers in 35 Countries and Regions, Expanding in Africa, Southeast Asia, Latin America and the Middle East Alongside Robust Momentum in the North American Market JINHUA, China, June 22, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc.

Kandi's International Off-Road Vehicle Business Reaches Customers in 35 Countries and Regions, Expanding in Africa, Southeast Asia, Latin America and the Middle East Alongside Robust Momentum in the North American Market