Earnings ·
Kandi Technologies reports H1 2026 net revenues of $57.1 million, up 57.4% year over year
KNDIKandi Technologies Group, Inc.
Kandi Technologies Group reported first-half 2026 net revenues of $57.1 million, a 57.4% increase from the prior year period, driven by higher off-road vehicle sales and contributions from Rawrr Inc., acquired in February 2026. Net income rose to $9.4 million, or $0.10 per diluted share, compared to $1.7 million previously. The company held $285.7 million in cash equivalents and restricted assets as of June 30, 2026. Kandi Technologies Group manufactures electric vehicles and off-road utility vehicles.