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Stock impact report

Kandi Technologies Reports Third Quarter 2020 Financial Results

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: GlobeNewswire
 - Off-road vehicles sales increased 51.6% to $8.9 million - Gross margin of 20.9% up versus 16.7% year-ago JINHUA, CHINA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter of 2020. Operating Highlights During the third quarter, Kandi achieved: In September, established China Battery Exchange Technology Company, a wholly-owned subsidiary for its battery swapping services.On August 18, Kandi America held a successful virtual launch event to introduce its K23 and K27 EVs into the U.S. market.In August, delivered its fully automatic intelligent battery exchange system to the rideshare operator in Haikou City, Hainan.In July, the Affiliate Company Fengsheng Automotive launched sales of the Maple 30X, its first pure electric SUV.Fengsheng Automative’s Maple 60V all-electric multi-purpose vehicle) was approved for purchase subsidies by China’s Ministr Show less Read more
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