Chinese Battery & EV Manufacturer Kandi Technologies Eyes Market Share Growth In North American Market: Details

  • By Grand News Network
  • |
  • November 8, 2023

Kandi Technologies Group Inc (NASDAQ: KNDI) reported a Q3 FY23 sales increase of 8.2% Y/Y to $36.4 million.

Gross margin expanded sharply to 30.0% from 18.9% the prior year. Operating expenses rose to $14.5 million from $8.6 million in the same period of 2022.

Net income was $1.3 million, an improvement compared to $1.1 million during the ...

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