Kandi Technologies Group (KNDI) Swings to Q3 Loss; EV Parts Sales Fell 90.4%
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Kandi Technologies Reports Third Quarter 2016 Financial Results
November 9, 2016 6:02 AM ESTJINHUA, China, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ: KNDI)Â (the "Company," "we" or "Kandi") today announced its financial results for the third quarter of 2016.
Third Quarter Highlights
Total revenues decreased 87.4% to $6.4 million for the third quarter of 2016, compared with $50.5 million for the same period of 2015;Electric vehicle ("EV") parts sales decreased 90.4% to $4.7 million for the third quarter of 2016, compared with $49.0 million in the same period of 2015;Kandi Electric Vehicles Group Co., Ltd. (the "JV... More