Company Profile
About Kandi:
Kandi Technologies, Inc. (formerly Stone Mountain Resources, Inc.) is a PRC (China)-based vehicle machinery producer, concentrating on three areas of small vehicle production: Go-Karts, Special Purpose Vehicles and Casual Purpose Vehicles. At present, it is among the leading producers of Go-Karts in the world, with an estimated 15% share of market and a goal of doubling this share, in large part by becoming the leading producer of this increasingly popular recreational product in China. Focusing on the country's rapid economic development, the Company also sees an increasing need for transportation vehicles for specific purposes, in particular mini-size pesticide spraying vehicles and mini-service vehicles. The Company produces a wide and growing range of All Terrain Vehicles (ATVs) which it believes represent the highest quality vehicles of this type in China, aimed at the export market as well as the rapidly growing market in the PRC. The Company also is focused on the development of fashionable, energy saving mini-cars. It has produced mini-cars that have completed the trial stage and is now preparing to start mass production. It expects to begin to export these cars to the American market, followed by sales in China when the domestic market is more mature. Kandi is a US full reporting company whose shares are traded under the symbol KNDI.
Investment Considerations:
- Wall Street has a thirst for profitable, high quality Micro-cap Chinese companies
- KANDI is well capitalized and poised for growth in a world market growing at a double digit pace
- Led by a highly experienced management team
- KANDI’s core power sports business is expanding into many new product lines and geographical markets
- KANDI has more than 40 quality foreign and domestic distribution partners
- Lower labor and materials costs in the PRC provide significant competitive advantage
- KANDI’s Intellectual Property Rights are protected by thirty-five provincial patents, including two invention patents and utility new patents.
- Three KANDI products obtained provincial new products designation and have completed two comprehensive city technology plans for fuel-efficient vehicles
- The KANDI Super-Mini Car has successfully completed the trial stage and is scheduled for launch in the United States in 2007 where it is expected to generate substantial additional revenues
- KANDI Super-Mini Pickup Truck to debut in October 2007 via existing distribution channels in PRC will also contribute to revenue growth
Growth Strategy:
- Continue profitable growth via concentration on three areas of small vehicle production: Go Karts, Special Purpose Vehicles, Casual Purpose Vehicles
- Double current 15% world market share in Go Karts, mainly by becoming leading producer of this increasingly popular product in China
- Continue growth in Special Purpose Vehicles with particular focus on mini-size pesticide spraying vehicles and mini-service vehicles
- Forge new growth area with fashionable, energy-saving super mini-cars, beginning with exports to the U.S. in late 2007/early 2008, and later, sales in China as market there matures