Kandi Technologies announces projected production, sales for 2025-2029

Projected Annual Production and Sales for 2025-2029: Expected production and sales of various off-road electric vehicles: annual units of 36,000, 44,000, 56,300, 65,060, and 77,472 from 2025 to 2029, respectively. In 2025, Kandi plans to invest $100 million in the United States to establish a lithium battery manufacturing and battery pack facility with an initial annual capacity of 1 GWh. 3. Additionally, in 2025, the Company plans to invest $30 million to establish a production line in the United States for all-terrain vehicles, including golf carts and utility vehicles. The Company’s smart mobility solutions business projections: annual revenue of $24.37 million, $31.68 million, $41.93 million, $53.55 million, and $69.61 million from 2025 to 2029, respectively, with corresponding net profits of $3.9 million, $5.07 million, $6.59 million, $8.56 million, and $11.13 million. Production and sales of the battery swapping equipment business: Kandi anticipates 100, 200, 300, 400, and 500 units annually from 2025 to 2029, generating revenue projected to be $20 million, $40 million, $60 million, $80 million, and $100 million, respectively, with gross margins anticipated to exceed 30%. Battery swapping operations: projected annual revenue of $1 million, $4 million, $8 million, $13 million, and $17 million, with gross margins above 20%. Other product lines, including motors and batteries: projected annual revenue of $18 million, with approximate gross margins of 25%.