Kandi Technologies stock reports 57.4 percent revenue growth

Kandi Technologies stock reported first-half 2026 revenue of USD 57.1 million, up 57.4 percent from USD 36.3 million in the prior-year period. The results released on September 28, 2026, also showed net income of USD 9.4 million compared with USD 1.7 million a year earlier, according to Nasdaq. The figures cover the six months ended June 30, 2026.

Revenue growth widens the business base

Off-road vehicles and associated parts generated USD 54.2 million in first-half revenue, up 59.4 percent from USD 34.0 million in the comparable period. The segment therefore accounted for most of the company total, while the Rawrr electric motorcycle business added revenue after its February 2026 acquisition, as StockTitan reported.

Operating income reached USD 5.5 million, compared with a USD 1.9 million operating loss in the first half of 2025. Gross margin moved to 43.5 percent from 45.2 percent, showing that the revenue expansion came with a measurable margin tradeoff.

Battery swapping adds a second growth engine

Kandi's China Battery Exchange subsidiary secured a second batch order for heavy-truck battery-swap station equipment from QIJI Energy, a CATL subsidiary, on September 28, 2026. The order followed an initial batch placed in July, according to Enid News.

The first-half report identified USD 285.7 million in cash, restricted cash and certificates of deposit as of June 30, 2026, compared with USD 211.9 million at December 31, 2025. That liquidity position gives the company room to fund vehicle launches, battery-swap production and its energy-storage expansion, while the lower gross margin remains a key operating measure.

Small-cap valuation keeps the story volatile

KNDI had a USD 66.0 million market capitalization and a USD 0.48 to USD 1.35 52-week range as of September 30, 2026. The combination of 57.4 percent first-half revenue growth, a return to operating profit and a narrow small-cap valuation makes execution on the new businesses central to the stock story.