Kandi Technologies (KNDI) Posts Q1 GAAP Loss of 36c/Share; Adj.-Net Income Rose 30.4%

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Go back to Kandi Technologies (KNDI) Posts Q1 GAAP Loss of 36c/Share; Adj.-Net Income Rose 30.4%

Kandi Technologies (KNDI) Active; Geely Reports 18% Gain in Exports for April

May 12, 2014 7:35 AM EDT

Geely Automobile Holdings Limited announced that the total sales volume of the Group for the month of April 2014 was 35,646 units, a decrease of approximately 20 percent over the same period last year, but was up approximately 3 percent from March 2014. As mentioned previously, the Group is in the midst of a major product upgrading cycle and ongoing reshuffle of the sales and marketing system and this affects the Groups sales performance in the early part of the year. Despite this, the year-on-year decline of the total monthly sales volume of the Group has been diminishing... More