Kandi Technologies announces aggressive growth targets, eyes U.S. IPO

seekingalpha10-11

Kandi Technologies Group (NASDAQ:KNDI) announced that its board approved several significant corporate decisions. During the recent meeting, the board accepted the resignation of Chairman Xiaoming Hu ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474131530?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1779742326/image_1779742326.jpg","is_english":true,"pubTime":"2024-10-11 21:49","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2474131530","market":"fut","top_or_hot":-1,"title":"Kandi Technologies announces aggressive growth targets, eyes U.S. IPO","media":"seekingalpha","content":"<div>\n<p>Kandi Technologies Group (NASDAQ:KNDI) announced that its board approved several significant corporate decisions. During the recent meeting, the board accepted the resignation of Chairman Xiaoming Hu ...</p>\n\n<a href=\"https://seekingalpha.com/news/4157898-kandi-technologies-announces-aggressive-growth-targets-eyes-us-ipo\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kandi Technologies announces aggressive growth targets, eyes U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKandi Technologies announces aggressive growth targets, eyes U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4157898-kandi-technologies-announces-aggressive-growth-targets-eyes-us-ipo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kandi Technologies Group (NASDAQ:KNDI) announced that its board approved several significant corporate decisions. During the recent meeting, the board accepted the resignation of Chairman Xiaoming Hu ...</p>\n\n<a href=\"https://seekingalpha.com/news/4157898-kandi-technologies-announces-aggressive-growth-targets-eyes-us-ipo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4555","symbol_name":"新能源车","start_time":0,"source_url":"https://seekingalpha.com/news/4157898-kandi-technologies-announces-aggressive-growth-targets-eyes-us-ipo","article_id":"2474131530","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1779742326/image_1779742326.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474131530","pubTimestamp":1728654565,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Kandi Technologies Group (NASDAQ:KNDI) announced that its board approved several significant corporate decisions. During the recent meeting, the board accepted the resignation of Chairman Xiaoming Hu ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4555":"新能源车","BK4124":"机动车零配件与设备","KNDI":"康迪车业"},"translate_title":"康迪科技宣布积极的增长目标，着眼于美国IPO","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KNDI":0.9},"content_text":"Kandi Technologies Group (NASDAQ:KNDI) announced that its board approved several significant corporate decisions. During the recent meeting, the board accepted the resignation of Chairman Xiaoming Hu and appointed Dr. Xueqin Dong as his successor. Additionally, Dr. Dong stepped down as CEO, and Mr. Feng Chen has been appointed as the new CEO. Looking ahead, Kandi (KNDI) aims to expand its presence within the smart mobility solutions business industry. The board has approved management's proposal to acquire Hangzhou Honghu Zhixing Technology, a company with an established position in this industry. The board also approved the company to pursue an IPO of Kandi America, the company's U.S. subsidiary. The board also reviewed and approved the new management’s growth plan for 2025-2029. \"The highlights of Kandi’s 2025-2029 strategic plan include the Company’s primary focus on expanding its two main business lines over the next five years: (1) all-electric off-road vehicles and (2) lithium battery production in North America, Europe and Southeast Asia.\"  On the guidance front, Kandi (KNDI) said it expects production of various off-road electric vehicles of annual units of 36,000, 44,000, 56,300, 65,060, and 77,472 from 2025 to 2029, respectively. \"These sales are expected to generate annual revenue of $185 million, $248 million, $357 million, $423 million, and $526 million, with gross margins expected to exceed 30%. Kandi anticipates that approximately two-thirds of these vehicles will be sold in North America, with the remaining third distributed across Europe and Southeast Asia.\" Kandi (KNDI) also plans to invest $100 million in the United States to establish a lithium battery manufacturing and battery pack facility with an initial annual capacity of 1 GWh. This facility is projected to take 18 months to complete and is anticipated to generate approximately $230 million in annual revenue upon reaching full capacity, with a gross margin expected to be above 30%.  Shares of Kandi Technologies (KNDI) were up 5% in early trading on Friday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474131530"}