Kandi Technologies (KNDI) has released an update.
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Kandi Technologies reported a net loss of $4.2 million for Q3 2024, as revenues fell to $29.9 million due to decreased sales in off-road vehicles and related parts. Despite the downturn, the company maintains a robust financial position with $260 million in liquidity and is poised for growth with a new leadership team and strategic plan focusing on technology innovation and market expansion. Kandi plans to enhance its market presence by establishing U.S. production lines and expanding into new international markets.
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