Kandi Technologies (KNDI) AI Stock Analysis

• Market Cap: $89.00M
• Dividend Yield: N/A
• Average Volume (3M): 142.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.35
• Revenue Growth: 3.21%
• EPS Growth: -6985.88%
• Country: US
• Employees: 840
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): N/A
• Shares Outstanding: 85,985,664
• 10 Day Avg. Volume: 266,274
• 30 Day Avg. Volume: 142,684
• PEG Ratio: <0.01
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.77
• P/FCF Ratio: -5.26
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.06
• Revenue Forecast (FY): $220.20M

• Rating: 49 Neutral
• Price Target: $1.00 ▲(6.38% Upside)

Kandi Technologies' overall stock score reflects significant financial challenges, including negative profitability and volatile cash flows, which weigh heavily on the score. Technical analysis indicates a bearish trend, while valuation metrics are unattractive due to a negative P/E ratio. The earnings call provides some optimism with strategic initiatives and improved gross margins, but these are overshadowed by declining revenues and net income.

Positive Factors

Strategic Acquisition

The acquisition of Rawrr enhances Kandi's market position in North America, supporting its long-term multi-brand expansion strategy and increasing its footprint in the sustainable mobility market.

Innovation in Intelligent Mobility

Advancements in intelligent mobility solutions like the robot dog enhance Kandi's technological edge and diversify its product offerings, potentially opening new revenue streams and strengthening its competitive position.

Improved Gross Margin

Significant improvement in gross margin reflects effective cost control and operational efficiency, which can lead to better profitability and financial health over the long term.

Negative Factors

Declining Revenue

A significant decline in revenue indicates challenges in maintaining sales momentum, which could impact future growth prospects and market competitiveness if not addressed.

Negative Cash Flow

Negative operating cash flow suggests difficulties in sustaining day-to-day operations without external financing, posing risks to financial stability and operational continuity.

Increased R&D Expenses

While R&D investment is crucial for innovation, a significant increase in expenses without corresponding revenue growth can strain financial resources and impact short-term profitability.

Kandi Technologies Business Overview & Revenue Model

Company Description

Kandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.

How the Company Makes Money

Kandi Technologies generates revenue primarily through the sale of electric vehicles and related components. Its core revenue streams include the direct sale of electric cars to consumers and fleet operators, as well as revenue from the sale of electric vehicle parts and batteries. Additionally, Kandi has developed a battery swap program, which provides a recurring revenue model through subscription fees and service contracts. The company has also engaged in partnerships with local governments and other organizations to promote electric vehicle usage, contributing to its earnings through incentives and subsidies aimed at boosting electric mobility. These strategic partnerships enhance Kandi's market presence and expand its customer base, further supporting its revenue generation efforts.

Kandi Technologies Financial Statement Overview

Summary

Kandi Technologies faces significant financial challenges, including inconsistent revenue growth, negative profitability, and volatile cash flows. The balance sheet shows low leverage and a stable asset base, but the company struggles to generate positive returns for shareholders.

Income Statement

Kandi Technologies has experienced inconsistent revenue growth, with a 3.2% increase in 2024. However, the company struggles with profitability, as indicated by a negative net profit margin and declining EBIT and EBITDA margins. The gross profit margin has slightly decreased over the years, reflecting challenges in maintaining cost efficiency.

Balance Sheet

The company maintains a relatively low debt-to-equity ratio of 0.25, indicating conservative leverage. However, the return on equity is negative due to consistent net losses, impacting shareholder value. The equity ratio is stable, suggesting a solid asset base, albeit with declining total assets over time.

Cash Flow

Kandi Technologies demonstrates a volatile cash flow situation. The operating cash flow remains negative, reflecting challenges in generating cash from operations. Free cash flow is also negative, indicating potential liquidity concerns. Despite this, the company has managed to maintain positive investing and financing cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	104.04M	127.57M	123.60M	117.81M	91.49M	76.92M
Gross Profit	36.69M	39.27M	41.37M	19.52M	16.25M	13.49M
EBITDA	-47.81M	-41.86M	16.71M	-411.58K	41.85M	13.18M
Net Income	-51.09M	-50.50M	7.13K	-12.12M	22.86M	-10.39M
Balance Sheet
Total Assets	443.35M	473.90M	495.46M	482.98M	520.16M	495.25M
Cash, Cash Equivalents and Short-Term Investments	185.73M	42.79M	67.70M	165.25M	184.27M	142.08M
Total Debt	37.84M	84.86M	41.53M	24.69M	11.36M	92.44K
Total Liabilities	87.39M	127.27M	88.95M	85.29M	76.96M	91.48M
Stockholders Equity	354.05M	344.70M	404.12M	396.97M	443.20M	403.77M
Cash Flow
Free Cash Flow	0.00	-18.75M	-114.41M	27.66M	-18.90M	-69.07M
Operating Cash Flow	0.00	-17.82M	-101.16M	31.48M	241.69K	-50.88M
Investing Cash Flow	0.00	25.72M	32.28M	-35.03M	22.21M	51.15M
Financing Cash Flow	0.00	22.51M	14.83M	-4.33M	747.93K	126.45M

Kandi Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNDI, the sentiment is Negative. The current price of 0.94 is below the 20-day moving average (MA) of 0.97, below the 50-day MA of 1.09, and below the 200-day MA of 1.22, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.26 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KNDI.

Kandi Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAAS	69 Neutral	$129.13M	3.98	9.19%	―	16.72%	5.35%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WKSP	56 Neutral	$21.13M	-0.67	-95.07%	―	123.37%	44.08%
KNDI	49 Neutral	$89.00M	―	―	―	3.21%	-6985.88%
CVGI	48 Neutral	$58.40M	-0.96	-31.07%	―	-23.26%	-259.03%
SYPR	47 Neutral	$50.90M	-21.39	-12.14%	―	-13.01%	21.49%
GGR	43 Neutral	$54.88M	-0.40	-68.35%	―	-14.88%	-43.30%

Kandi Technologies Corporate Events

Kandi Technologies Acquires Rawrr Inc. in $23.9 Million Deal

On December 5, 2025, Kandi Technologies Group, Inc. announced a share transfer agreement to acquire Rawrr Inc., a California corporation, for $23.9 million. The acquisition, payable in Kandi’s ordinary shares, aims to integrate Rawrr as a subsidiary, enhancing Kandi’s market position and expanding its operational capabilities.