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PR Newswire
15-04-2015, 10:52 AM
Kandi Technologies reported record FY2014 results on March 16th:
– Full year 2014 revenue increased 80% YoY to $170.2 Million –
– Full year 2014 EV parts sales jumped 6653% YoY to $116.4 Million –
– Full year GAAP net income increased 158% YoY to $12.3 Million –
– Full year EPS of $0.29 compared to 2013 EPS of ($0.61) –
- The JV company with Geely went from $0 to over $200M revenue in less than 2 years and is already profitable.
- See more at: http://globenewswire.com/news-release/20...LPpvh.dpuf
- As part of FY2014 results, CEO Mr Xiaoming Hu announced that the JV company will start direct sales to consumers and is currently recruiting dealers in 26 provinces in China! 4 Pure EV models will be offered initially (K10, K11, K17, K30) while 2 new additional models are also planned to be launched this year (Urban Beauty K12, City Cowboy K13 ):
[Image: zhaomu.png]
http://www.kandigroup.com.cn/zhaomu.html
The company is now planning its next growth phase with several major announcements :
- Hired a Wall Street well known Investor Relations firm (The Piacente Group) : http://globenewswire.com/news-release/20...ltant.html
- Hired an English-speaking CFO with 20 years international financial management experience : http://marketdailynews.com/2015/03/25/ka...s-new-cfo/
- Attended Bank of America - Merrily Lynch Auto Summit: http://www.bloomberg.com/article/2015-03...GrI.0.html
- Started to explore public listing options in China for its JV company with Geely: http://www.nasdaq.com/press-release/kand...0413-00534
– Full year 2014 revenue increased 80% YoY to $170.2 Million –
– Full year 2014 EV parts sales jumped 6653% YoY to $116.4 Million –
– Full year GAAP net income increased 158% YoY to $12.3 Million –
– Full year EPS of $0.29 compared to 2013 EPS of ($0.61) –
- The JV company with Geely went from $0 to over $200M revenue in less than 2 years and is already profitable.
- See more at: http://globenewswire.com/news-release/20...LPpvh.dpuf
- As part of FY2014 results, CEO Mr Xiaoming Hu announced that the JV company will start direct sales to consumers and is currently recruiting dealers in 26 provinces in China! 4 Pure EV models will be offered initially (K10, K11, K17, K30) while 2 new additional models are also planned to be launched this year (Urban Beauty K12, City Cowboy K13 ):
[Image: zhaomu.png]
http://www.kandigroup.com.cn/zhaomu.html
The company is now planning its next growth phase with several major announcements :
- Hired a Wall Street well known Investor Relations firm (The Piacente Group) : http://globenewswire.com/news-release/20...ltant.html
- Hired an English-speaking CFO with 20 years international financial management experience : http://marketdailynews.com/2015/03/25/ka...s-new-cfo/
- Attended Bank of America - Merrily Lynch Auto Summit: http://www.bloomberg.com/article/2015-03...GrI.0.html
- Started to explore public listing options in China for its JV company with Geely: http://www.nasdaq.com/press-release/kand...0413-00534