Kandi Technologies Reports Full Year 2025 Financial Results
Kandi Technologies Group reported a 31.5% decrease in net revenues to $87.4 million for the full year 2025, while gross margin expanded to 42.6% from 30.8% in 2024. The company maintained a strong financial position with $211.9 million in cash and cash equivalents as of December 31, 2025.
Kandi Technologies Group, Inc. announced its financial results for the full year ended December 31, 2025. Total net revenues were $87.4 million, down from $127.6 million in 2024. Gross margin increased to 42.6% from 30.8% in 2024. As of December 31, 2025, the company had $211.9 million in cash, restricted cash, and certificates of deposit. Net cash provided by operating activities was $96.8 million. Kandi's subsidiary, China Battery Exchange, entered into a strategic cooperation agreement with CATL's subsidiary to supply heavy-truck battery swap station equipment. Kandi also formed a joint venture, KH Robotics, with HawkRobo Systems LLC to commercialize autonomous quadruped security robots in North America.
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