Kandi Technologies (KNDI) 10-Q10 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2023	May 04, 2023
Document Information Line Items
Entity Registrant Name	Kandi Technologies Group, Inc.
Trading Symbol	KNDI
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		74,190,171
Amendment Flag	false
Entity Central Index Key	0001316517
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-33997
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	90-0363723
Entity Address, Address Line One	Jinhua New Energy Vehicle Town
Entity Address, City or Town	Jinhua
Entity Address, Address Line Two	Zhejiang Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	321016
City Area Code	(86 - 579)
Local Phone Number	82239856
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 75,133,544	$ 84,063,717
Restricted cash	62,949,702	66,976,554
Certificate of deposit	100,484,949	81,191,191
Accounts receivable (net of allowance for doubtful accounts of $2,295,570 and $2,285,386 as of March 31, 2023 and December 31, 2022, respectively)	28,275,773	38,150,876
Inventories	47,303,083	40,475,366
Notes receivable	291,202	434,461
Other receivables	8,940,359	11,912,615
Prepayments and prepaid expense	3,227,740	2,970,261
Advances to suppliers	1,049,800	3,147,932
TOTAL CURRENT ASSETS	327,656,152	329,322,973
NON-CURRENT ASSETS
Property, plant and equipment, net	95,606,862	97,168,753
Intangible assets, net	7,631,452	7,994,112
Land use rights, net	2,901,166	2,909,950
Construction in progress	232,485	199,837
Deferred tax assets	1,432,527	1,432,527
Long-term investment	145,630	144,984
Goodwill	33,301,291	33,178,229
Other long-term assets	10,568,944	10,630,911
TOTAL NON-CURRENT ASSETS	151,820,357	153,659,303
TOTAL ASSETS	479,476,509	482,982,276
CURRENT LIABILITIES
Accounts payable	31,681,798	35,321,262
Other payables and accrued expenses	11,696,505	14,131,414
Short-term loans	4,210,589	5,569,154
Notes payable	20,047,569	19,123,476
Income tax payable	850,729	1,270,617
Other current liabilities	6,024,221	6,089,925
TOTAL CURRENT LIABILITIES	74,511,411	81,505,848
NON-CURRENT LIABILITIES
Deferred taxes liability	1,378,372	1,378,372
Contingent consideration liability	2,164,000	1,803,000
Other long-term liabilities	548,418	602,085
TOTAL NON-CURRENT LIABILITIES	4,090,790	3,783,457
TOTAL LIABILITIES	78,602,201	85,289,305
STOCKHOLDER’S EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized; 77,678,730 and 77,668,730 shares issued and 74,190,171 and 74,180,171 outstanding at March 31,2023 and December 31,2022, respectively	77,679	77,669
Less: Treasury stock (3,488,559 shares with average price of $2.81 at both March 31,2023 and December 31,2022 )	(9,807,820)	(9,807,820)
Additional paid-in capital	452,376,828	451,373,645
Accumulated deficit (the restricted portion is $4,422,033 and $4,422,033 at March 31, 2023 and December 31, 2022, respectively)	(16,368,875)	(16,339,765)
Accumulated other comprehensive loss	(26,750,552)	(28,333,239)
TOTAL KANDI TECHNOLOGIES GROUP, INC. STOCKHOLDERS’ EQUITY	399,527,260	396,970,490
Non-controlling interests	1,347,048	722,481
TOTAL STOCKHOLDERS’ EQUITY	400,874,308	397,692,971
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 479,476,509	$ 482,982,276

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Net of allowance for doubtful accounts (in Dollars)	$ 2,295,570	$ 2,285,386
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	77,678,730	77,668,730
Common stock, shares outstanding	74,190,171	74,180,171
Treasury stock, shares	3,488,559	3,488,559
Treasury stock, average price (in Dollars per share)	$ 2.81	$ 2.81
Restricted portion of accumulated deficit (in Dollars)	$ 4,422,033	$ 4,422,033

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
REVENUES FROM UNRELATED PARTIES, NET	$ 22,862,108	$ 24,891,404
REVENUES FROM THE FORMER AFFILIATE COMPANY AND RELATED PARTIES, NET
REVENUES, NET	22,862,108	24,891,404
COST OF GOODS SOLD	(14,832,878)	(22,504,241)
GROSS PROFIT	8,029,230	2,387,163
OPERATING INCOME (EXPENSE):
Research and development	(878,980)	(1,140,586)
Selling and marketing	(1,827,729)	(1,193,699)
General and administrative	(7,559,452)	(5,756,531)
TOTAL OPERATING EXPENSE	(10,266,161)	(8,090,816)
LOSS FROM OPERATIONS	(2,236,931)	(5,703,653)
OTHER INCOME (EXPENSE):
Interest income	2,100,343	1,222,304
Interest expense	(173,370)	(148,144)
Change in fair value of contingent consideration	(361,000)	2,690,000
Government grants	620,404	244,098
Other income, net	266,465	43,782
TOTAL OTHER INCOME , NET	2,452,842	4,052,040
INCOME (LOSS) BEFORE INCOME TAXES	215,911	(1,651,613)
INCOME TAX BENEFIT	379,546	32,600
NET INCOME (LOSS)	595,457	(1,619,013)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	624,567	(2,957)
NET LOSS ATTRIBUTABLE TO KANDI TECHNOLOGIES GROUP, INC. STOCKHOLDERS	(29,110)	(1,616,056)
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	1,582,687	1,009,811
COMPREHENSIVE INCOME (LOSS)	$ 2,178,144	$ (609,202)
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC (in Shares)	74,186,504	76,289,846
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED (in Shares)	75,095,595	76,289,846
NET INCOME (LOSS) PER SHARE, BASIC (in Dollars per share)	$ 0.01	$ (0.02)
NET INCOME (LOSS) PER SHARE, DILUTED (in Dollars per share)	$ 0.01	$ (0.02)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($)	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non-controlling interests	Total
Balance at Dec. 31, 2021	$ 77,385	$ (2,392,203)	$ 449,479,461	$ (4,216,102)	$ 251,786		$ 443,200,327
Balance (in Shares) at Dec. 31, 2021	77,385,130
Stock issuance and award	$ 25		92,925				92,950
Stock issuance and award (in Shares)	25,000
Stock buyback		(1,570,324)	(13,236)				(1,583,560)
Capital contribution from shareholder						1,198,398	1,198,398
Net income (loss)				(1,616,056)		(2,957)	(1,619,013)
Foreign currency translation					1,009,811		1,009,811
Balance at Mar. 31, 2022	$ 77,410	(3,962,527)	449,559,150	(5,832,158)	1,261,597	1,195,441	442,298,913
Balance (in Shares) at Mar. 31, 2022	77,410,130
Balance at Dec. 31, 2022	$ 77,669	(9,807,820)	451,373,645	(16,339,765)	(28,333,239)	722,481	397,692,971
Balance (in Shares) at Dec. 31, 2022	77,668,730
Stock issuance and award	$ 10		22,290				22,300
Stock issuance and award (in Shares)	10,000
Stock based compensation			980,893				980,893
Net income (loss)				(29,110)		624,567	595,457
Foreign currency translation					1,582,687		1,582,687
Balance at Mar. 31, 2023	$ 77,679	$ (9,807,820)	$ 452,376,828	$ (16,368,875)	$ (26,750,552)	$ 1,347,048	$ 400,874,308
Balance (in Shares) at Mar. 31, 2023	77,678,730

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 595,457	$ (1,619,013)
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation and amortization	3,051,089	3,294,499
Provision (reversal) of allowance for doubtful accounts		4,389
Change in fair value of contingent consideration	361,000	(2,690,000)
Stock award and stock based compensation expense	1,003,818	22,925
Changes in operating assets and liabilities:
Accounts receivable	6,275,418	5,197,268
Notes receivable	358,114	1,965,596
Inventories	(6,750,531)	2,498,914
Other receivables and other assets	3,108,680	(790,486)
Advances to supplier and prepayments and prepaid expenses	1,865,040	1,425,684
Increase (Decrease) In:
Accounts payable	6,097,620	3,088,095
Other payables and accrued liabilities	(2,752,663)	(1,688,414)
Notes payable	(5,413,459)	(4,401,457)
Income tax payable	(437,385)	(119,559)
Net cash provided by operating activities	7,362,198	6,188,441
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment, net	(562,717)	(709,881)
Payment for construction in progress	(72,188)	(246,971)
Certificate of deposit	(19,001,959)	(15,759,448)
Net cash used in investing activities	(19,636,864)	(16,716,300)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term loans	5,040,000	500,000
Repayments of short-term loans	(6,398,565)
Contribution from non-controlling shareholder		803,732
Purchase of treasury stock		(1,583,561)
Net cash used in by financing activities	(1,358,565)	(279,829)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(13,633,231)	(10,807,688)
Effect of exchange rate changes	676,206	352,415
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	151,040,271	168,676,007
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	138,083,246	158,220,734
-CASH AND CASH EQUIVALENTS AT END OF PERIOD	75,133,544	99,997,938
-RESTRICTED CASH AT END OF PERIOD	62,949,702	58,222,796
SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid	17,433	5,496
Interest paid	99,960	37,116
SUPPLEMENTAL NON-CASH DISCLOSURES:
Contribution from non-controlling shareholder by inventories, fixed assets and intangible assets		$ 393,986

Organization and Principal Acti

Organization and Principal Activities	3 Months Ended
Organization and Principal Activities	Mar. 31, 2023
Organization and Principal Activities [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES Kandi Technologies Group, Inc. (“Kandi Technologies”) was incorporated under the laws of the State of Delaware on March 31, 2004. As used herein, the terms “Company” or “Kandi” refer to Kandi Technologies and its operating subsidiaries, as described below. Headquartered in Jinhua City, Zhejiang Province, People’s Republic of China (“China” or “PRC”), the Company is one of China’s leading producers and manufacturers of electric vehicle (“EV”) products, EV parts, and off-road vehicles for sale in the Chinese and the global markets. The Company conducts its primary business operations through its wholly-owned subsidiaries, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), Kandi Vehicles’ wholly and partially-owned subsidiaries, and SC Autosports, LLC (“SC Autosports”, d/b/a Kandi America) and its wholly-owned subsidiary, Kandi America Investment, LLC (“Kandi Investment”). In March 2021, Zhejiang Kandi Vehicles Co., Ltd. changed its name to Zhejiang Kandi Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”). The Company’s organizational chart as of the date of this report is as follows:

Liquidity

Liquidity	3 Months Ended
Liquidity	Mar. 31, 2023
Liquidity [Abstract]
LIQUIDITY	NOTE 2 - LIQUIDITY The Company had working capital of $253,144,741 as of March 31, 2023, an increase of $5,327,616 from the working capital of $247,817,125 as of December 31, 2022. As of March 31, 2023 and December 31, 2022, the Company’s cash and cash equivalents were $75,133,544 and $84,063,717, respectively, and the Company’s restricted cash was $62,949,702 and $66,976,554, respectively. As of March 31, 2023 and December 31, 2022, the Company had multiple certificates of deposit with a total amount of $100,484,949 and $81,191,191, respectively. These certificates of deposit have an annual interest rate from 3.10% to 3.99% which can be transferred when necessary without any penalty or any loss of interest and principal. Although the Company expects that most of its outstanding trade receivables from customers will be collected in the next twelve months, there are uncertainties with respect to the timing in collecting these receivables. The Company’s primary need for liquidity stems from its need to fund working capital requirements of the Company’s businesses, its capital expenditures and its general operations, including debt repayment. The Company has historically financed its operations through short-term commercial bank loans from Chinese banks, as well as its ongoing operating activities by using funds from operations, external credit or financing arrangements. Currently the Company has sufficient cash in hand to meet the existing operational needs, but the credit line is retained and can be utilized timely when the Company has special capital needs. The PRC subsidiaries do not have any short-term bank loans and the US subsidiaries have $4.2 million short-term bank loans outstanding as of March 31, 2023.

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2023
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 3 - BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim information, and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by U.S. GAAP for annual financial statements. In management’s opinion, the interim financial statements reflect all normal adjustments that are necessary to provide a fair presentation of the financial results for the interim periods presented. Operating results for interim periods are not necessarily indicative of results that may be expected for an entire fiscal year. The condensed consolidated balance sheet as of December 31, 2022 has been derived from the audited consolidated financial statements as of such date. For a more complete understanding of the Company’s business, financial position, operating results, cash flows, risk factors and other matters, please refer to its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 Form 10-K”) filed with SEC on March 16, 2023.

Principles of Consolidation

Principles of Consolidation	3 Months Ended
Principles of Consolidation	Mar. 31, 2023
Principles of Consolidation [Abstract]
PRINCIPLES OF CONSOLIDATION	NOTE 4 - PRINCIPLES OF CONSOLIDATION The Company’s condensed consolidated financial statements reflect the accounts of the Company and its ownership interests in the following subsidiaries: (1) Continental Development Limited (“Continental”), a wholly-owned subsidiary of the Company, incorporated under the laws of Hong Kong; (2) Zhejiang Kandi Technologies, a wholly-owned subsidiary of Continental, incorporated under the laws of the PRC; (3) Kandi New Energy Vehicle Co. Ltd. (“Kandi New Energy”), formerly, a 50%-owned subsidiary of Zhejiang Kandi Technologies (Mr. Hu Xiaoming owned the other 50%), incorporated under the laws of the PRC. Pursuant to agreements executed in January 2011, Mr. Hu Xiaoming contracted with Zhejiang Kandi Technologies for the operation and management of Kandi New Energy and put his shares of Kandi New Energy into escrow. As a result, Zhejiang Kandi Technologies was entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy. Effective March 14, 2022, Mr. Hu Xiaoming transferred his 50% equity interests of Kandi New Energy to Zhejiang Kandi Technologies. As a result, Kandi New Energy has become a wholly-owned subsidiary of Zhejiang Kandi Technologies; (4) Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), a subsidiary 55% owned by Kandi New Energy and 45% owned by Zhejiang Kandi Technologies, incorporated under the laws of the PRC; (5) Zhejiang Kandi Smart Battery Swap Technology Co., Ltd (“Kandi Smart Battery Swap”), a wholly-owned subsidiary of Zhejiang Kandi Technologies, incorporated under the laws of the PRC; (6) Yongkang Scrou Electric Co, Ltd. (“Yongkang Scrou”), a wholly-owned subsidiary of Kandi Smart Battery Swap, incorporated under the laws of the PRC; (7) SC Autosports (d/b/a Kandi America), a wholly-owned subsidiary of the Company formed under the laws of the State of Texas. (8) China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), a wholly-owned subsidiary of Zhejiang Kandi Technologies, and its subsidiaries, incorporated under the laws of the PRC; (9) Kandi America Investment, LLC (“Kandi Investment”), a wholly-owned subsidiary of SC Autosports formed under the laws of the State of Texas, USA; (10) Jiangxi Province Huiyi New Energy Co., Ltd. (“Jiangxi Huiyi”) and its subsidiaries, a wholly-owned subsidiary of Zhejiang Kandi Technologies, incorporated under the laws of the PRC; and (11) Hainan Kandi Holding New Energy Technology Co., Ltd. (“Hainan Kandi Holding”), a subsidiary of Kandi Hainan, incorporated under the laws of the PRC; Kandi Hainan owns 66.7% and a non-affiliate, Jiangsu Xingchi owns 33.3% of Hainan Kandi Holding. Consequently, effective February 15, 2022, non-controlling interests of an aggregate of 33.3% of the equity interests of Hainan Kandi Holding held by an entity are presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interest in the results of the Company are presented on the consolidated statement of operations as an allocation of the total income or loss for the period between non-controlling interest holders and the shareholders of the Company.

Use of Estimates

Use of Estimates	3 Months Ended
Use of Estimates	Mar. 31, 2023
Use of Estimates [Abstract]
USE OF ESTIMATES	NOTE 5 - USE OF ESTIMATES The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported period in the unaudited condensed consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements primarily include, but are not limited to, allowances for doubtful accounts, lower of cost and net realizable value of inventory, assessment for impairment of long-lived assets and intangible assets, valuation of deferred tax assets, change in fair value of contingent consideration, determination of share-based compensation expenses as well as fair value of stock warrants. Management bases the estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from these estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2023
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 6 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Our significant accounting policies are detailed in “Note 6 - Summary of Significant Accounting Policies” of the Company’s 2022 Form 10-K.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
New Accounting Pronouncements	Mar. 31, 2023
New Accounting Pronouncements [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NOTE 7 - NEW ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”, which requires that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, as if it had originated the contracts. Prior to this ASU, an acquirer generally recognizes contract assets acquired and contract liabilities assumed that arose from contracts with customers at fair value on the acquisition date. The ASU is effective for fiscal years beginning after December 15, 2022, with early adoption permitted. The ASU is applied prospectively to business combinations occurring on or after the effective date of the amendment (or if adopted early as of an interim period, as of the beginning of the fiscal year that includes the interim period of early application). The Company has adopted this accounting pronouncement from January 1, 2023, and there was no material impact on its consolidated financial statements from the adoption.

Concentrations

Concentrations	3 Months Ended
Concentrations	Mar. 31, 2023
Concentrations [Abstract]
CONCENTRATIONS	NOTE 8 - CONCENTRATIONS (a) Customers For the three-month period ended March 31, 2023 and 2022, the Company’s major customers, each of whom accounted for more than 10% of the Company’s consolidated revenue, were as follows: Sales Trade Receivable Three Months Ended March 31， March 31， December 31， Major Customers 2023 2023 2022 Customer A 62 % - 1 % Sales Trade Receivable Three Months Ended March 31， March 31， December 31， Major Customers 2022 2022 2021 Customer B 13 % 8 % - Customer C 10 % 3 % 2 % Customer D 10 % - - (b) Suppliers For the three-month period ended March 31, 2023, there were no suppliers that accounted for more than 10% of the Company’s total purchases. For the three-month period ended March 31, 2022, the Company’s material suppliers, each of whom accounted for more than 10% of the Company’s total purchases, were as follows: Purchases Accounts Payable Three Months Ended March 31, March 31, December 31, Major Suppliers 2022 2022 2021 ODES USA, Inc. 26 % 2 % 1 Hunan Jinfuli New Energy Co., Ltd 15 % 9 % 8 % Zhejiang Kandi Supply Chain Management Co., Ltd. 11 % 14 % 11 %

Earnings (loss) Per Share

Earnings (loss) Per Share	3 Months Ended
Earnings (loss) Per Share	Mar. 31, 2023
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	NOTE 9 - EARNINGS (LOSS) PER SHARE The Company calculates earnings (loss) per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings (loss) per share. Basic earnings (loss) per share are computed using the weighted average number of shares outstanding during the reporting period. Diluted earnings (loss) per share represents basic earnings (loss) per share adjusted to include the potentially dilutive effect of outstanding stock options and warrants (using treasury stock method). Due to the average market price of the common stock during the period being below the exercise price of certain options and warrants, approximately 900,000 options and 8,131,332 warrants were excluded from the calculation of diluted earnings per share, for the three-month ended March 31, 2023. On September 7, 2022, the Compensation Committee of the Board of Directors of the Company approved the grant of 5,000,000 stock options, at an exercise price of $2.07 per share. There were dilutive effects of 909,091 shares for the three-month period ended March 31, 2023. Due to the average market price of the common stock during the period below the exercise price of the options, approximately 900,000 options and 8,131,332 warrants were excluded from the calculation of diluted earnings per share, for the three-month period ended March 31, 2022.

Accounts Receivable

Accounts Receivable	3 Months Ended
Accounts Receivable	Mar. 31, 2023
Accounts Receivable, Net [Abstract]
ACCOUNTS RECEIVABLE	NOTE 10 - ACCOUNTS RECEIVABLE Accounts receivable are summarized as follows: March 31, December 31, 2023 2022 Accounts receivable $ 30,571,343 $ 40,436,262 Less: allowance for doubtful accounts (2,295,570 ) (2,285,386 ) Accounts receivable, net $ 28,275,773 $ 38,150,876 The following table sets forth the movement of provision for doubtful accounts: Allowance BALANCE AT DECEMBER 31, 2021 $ 3,053,277 Provision 456,974 Recovery (999,775 ) Exchange rate difference (225,090 ) BALANCE AT DECEMBER 31, 2022 $ 2,285,386 Exchange rate difference 10,184 BALANCE AT MARCH 31, 2023 $ 2,295,570

Inventories

Inventories	3 Months Ended
Inventories	Mar. 31, 2023
Inventories [Abstract]
INVENTORIES	NOTE 11 - INVENTORIES Inventories are summarized as follows: March 31, December 31, 2023 2022 Raw material $ 6,871,757 $ 6,551,450 Work-in-progress 7,662,294 4,114,550 Finished goods * 32,769,032 29,809,366 Inventories $ 47,303,083 $ 40,475,366 * As of March 31, 2023, approximately $22.8 million of inventory of off-roads and EVs held by SC Autosports were pledged as collateral for the $2,000,000 short-term loan.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	3 Months Ended
Property, Plant and Equipment, Net	Mar. 31, 2023
Property, Plant and Equipment, Net [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	NOTE 12 - PROPERTY, PLANT AND EQUIPMENT, NET Property, plants and equipment as of March 31, 2023 and December 31, 2022, consisted of the following: March 31, December 31, 2023 2022 At cost: Buildings $ 49,916,484 $ 49,239,626 Machinery and equipment 76,311,324 77,845,979 Office equipment 1,543,757 1,528,135 Motor vehicles and other transport equipment 1,818,895 1,810,825 Molds and others 12,972,967 10,983,573 142,563,427 141,408,138 Less : Accumulated depreciation (46,956,565 ) (44,239,385 ) Property, plant and equipment, net $ 95,606,862 $ 97,168,753 The Company’s Jinhua factory completed the relocation to a new industrial park in April 2021. The new location covers an area of more than 57,000 square meters and a construction area of more than 98,000 square meters. The Company’s off-road vehicles, EV battery packs, electric scooters battery packs, smart battery swap system and some EV parts are manufactured in the Jinhua factory. The Company’s Jinhua factory owns the above production facilities. The Company’s EV products, EV parts and electrical off-road vehicles, including Neighborhood EVs (“NEVs”), pure electric utility vehicles (“UTV”), pure electric golf cart and EV parts are manufactured in the Hainan factory. The Company’s Hainan factory expects to have production capacity with an annual output (three shifts) of 100,000 units of various models of EV products, EV parts and electrical off-road vehicles and owns the above facilities. Currently, the environmental protection, planning, fire protection, conservation of water and soil, and drainage of the Hainan factory have all passed the acceptance inspection, and are currently undergoing the archive acceptance. The Hainan factory is ready for formal production. Depreciation expenses for the three months ended March 31, 2023 and 2022 were $2,578,224 and $2,701,507, respectively.

Intangible Assets

Intangible Assets	3 Months Ended
Intangible Assets	Mar. 31, 2023
Intangible Assets [Abstract]
INTANGIBLE ASSETS	NOTE 13 - INTANGIBLE ASSETS Intangible assets include acquired other intangibles of trade name, customer relations, patent and technology recorded at estimated fair values in accordance with purchase accounting guidelines for acquisitions. The following table provides the gross carrying value and accumulated amortization for each major class of our intangible assets, other than goodwill: Remaining March 31, December 31, useful life 2023 2022 Gross carrying amount: Patent 2.25-3.92 years $ 4,960,775 4,938,765 Technology 3.75-5.75 years 7,405,304 10,003,915 12,366,079 14,942,680 Less : Accumulated amortization Patent $ (2,911,819 ) (2,744,024 ) Technology (1,822,808 ) (1,573,079 ) (4,734,627 ) (4,317,103 ) Less : impairment for intangible assets - (2,631,465 ) Intangible assets, net $ 7,631,452 $ 7,994,112 The aggregate amortization expenses for those intangible assets that continue to be amortized is reflected in amortization of intangible assets in the Unaudited Condensed Consolidated Statements of Income and Comprehensive Income and were $399,757 and $514,169 for the three months ended March 31, 2023 and 2022, respectively. Amortization expenses for the next five years and thereafter are as follows: Nine months ended December 31, 2023 $ 1,199,271 Years ended December 31, 2024 1,599,030 2025 1,536,217 2026 1,326,047 2027 1,017,076 Thereafter 953,811 Total $ 7,631,452

Land Use Rights, Net

Land Use Rights, Net	3 Months Ended
Land Use Rights, Net	Mar. 31, 2023
Land Use Rights, Net Disclosure [Abstract]
LAND USE RIGHTS, NET	NOTE 14 - LAND USE RIGHTS, NET The Company’s land use rights consist of the following: March 31, December 31, 2023 2022 Cost of land use rights $ 3,826,186 $ 3,809,211 Less: Accumulated amortization (925,020 ) (899,261 ) Land use rights, net $ 2,901,166 $ 2,909,950 The amortization expenses for the three months ended March 31, 2023 and 2022, were $21,831 and $23,538, respectively. Amortization expenses for the next five years and thereafter are as follows: Nine months ended December 31, 2023 $ 65,494 Years ended December 31, 2024 87,326 2025 87,326 2026 87,326 2027 87,326 Thereafter 2,486,368 Total $ 2,901,166

Other Long Term Assets

Other Long Term Assets	3 Months Ended
Other Long Term Assets	Mar. 31, 2023
Other Long Term Assets [Abstract]
OTHER LONG TERM ASSETS	NOTE 15 - OTHER LONG TERM ASSETS Other long term assets as of March 31, 2023 and December 31, 2022, consisted of the following: March 31, December 31, 2023 2022 Prepayments for land use right (i) $ 3,913,260 3,917,226 Right - of - use asset (ii) 6,325,177 6,383,824 Others 330,507 329,861 Total other long-term asset $ 10,568,944 $ 10,630,911 (i) As of March 31, 2023 and December 31, 2022, the Company’s other long term assets included net value of prepayments for land use right of Hainan facility of $3,913,260 and $3,917,226, respectively. As of March 31, 2023, the land use right of Hainan was not recognized since the land certificate is still in process. The amortization expense for the three months ended March 31, 2023 and 2022 were $21,502 and $23,183, respectively. (ii) As of March 31, 2023 and December 31, 2022, the Company’s operating lease right-of-use assets in other long term assets included net value of land use right of Jinhua facility acquired in October 2020 and Jiangxi facility acquired in October 2021 of $5,693,446 and $5,697,720, respectively, as well as the amount of $631,731 and $686,104 related to the lease of Hangzhou office starting January 1, 2022, respectively. The amortization expense of land use right of Jinhua facility and Jiangxi facility for the three months ended March 31, 2023 and 2022 were $29,775 and $32,102, respectively.

Taxes

Taxes	3 Months Ended
Taxes	Mar. 31, 2023
Taxes [Abstract]
TAXES	NOTE 16 - TAXES (a) Corporation Income Tax Pursuant to the tax laws and regulations of the PRC, the Company’s applicable corporate income tax (“CIT”) rate is 25%. However, Zhejiang Kandi Technologies, Kandi Smart Battery Swap, Jiangxi Huiyi and Kandi Hainan qualify as High and New Technology Enterprise (“HNTE”) companies in the PRC, and are entitled to a reduced income tax rate of 15% for the years presented. A HNTE Certificate is valid for three years. An entity may re-apply for an HNTE certificate when the prior certificate expires. Historically, Zhejiang Kandi Technologies, Kandi Smart Battery Swap, Jiangxi Huiyi have successfully re-applied for such certificates when their prior certificates expired. Kandi Hainan has been qualified as a HNTE since 2020. Therefore, it will apply for its first renewal when eligible. Additionally, Hainan Kandi Holding also has an income tax rate of 15% due to its local preferred tax rate in Hainan Free Trade Port. The applicable CIT rate of each of the Company’s other subsidiaries, Kandi New Energy, Yongkang Scrou, China Battery Exchange and its subsidiaries is 25%. The Company’s provision or benefit from income taxes for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter the Company updates its estimate of the annual effective tax rate, and if its estimated tax rate changes, management makes a cumulative adjustment. For 2023, the Company’s effective tax rate is favorably affected by a super-deduction for qualified research and development costs and adversely affected by non-deductible expenses such as stock rewards for non-US employees, and part of entertainment expenses. The Company records valuation allowances against the deferred tax assets associated with losses and other timing differences for which we may not realize a related tax benefit. After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s effective tax rate for the three months ended March 31, 2023 and 2022 was a tax benefit of 175.79% on a reported income before taxes of approximately $0.2 million, a tax benefit of 1.97% on a reported loss before taxes of approximately $1.7 million, respectively. The quarterly tax provision, and the quarterly estimate of the Company’s annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting the Company’s pre-tax and taxable income and loss, acquisitions (including integrations) and investments, changes in its stock price, changes in its deferred tax assets and liabilities and their valuation, return to provision true-up, foreign currency gains (losses), changes in regulations and interpretations related to tax, accounting, and other areas. Additionally, the Company’s effective tax rate can be volatile based on the amount of pre-tax income or loss. The income tax provision for the three months ended March 31, 2023 and 2022 was tax benefit of $379,546 and tax benefit of $32,600, respectively. Under ASC 740 guidance relating to uncertain tax positions, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of March 31, 2023, the Company did not have any liability for unrecognized tax benefits. The Company files income tax returns with the U.S. Internal Revenue Services (“IRS”) and those states where the Company has operations. The Company is subject to U.S. federal or state income tax examinations by the IRS and relevant state tax authorities. During the periods open to examination, the Company has net operating loss carry forwards (“NOLs”) for U.S. federal and state tax purposes that have attributes from closed periods. Since these NOLs may be utilized in future periods, they remain subject to examination. The Company also files certain tax returns in the PRC. As of March 31, 2023, the Company was not aware of any pending income tax examinations by U.S. or PRC tax authorities. The Company records interest and penalties on uncertain tax provisions as income tax expense. As of March 31, 2023, the Company has no accrued interest or penalties related to uncertain tax positions. The tax effected aggregate Net Operating Loss (“NOL”) was $8.5 million and $6.2 million in tax year 2022 and 2021, which were deriving from entities in the PRC, Hong Kong and U.S. Some of the NOLs will start to expire from 2026 if they are not used. The cumulative NOL in the PRC can be carried forward for five years in general, and ten years for entities qualify High and New Technology Enterprise (“HNTE”) treatment, which is $0.6 million and $7.9 million respectfully, to offset future net profits for income tax purposes. (b) Tax Holiday Effect For the three months ended March 31, 2023 and 2022, the PRC CIT rate was 25%. Certain subsidiaries of the Company are entitled to tax exemptions (tax holidays) for the three months ended March 31, 2023 and 2022. The combined effects of income tax expense exemptions and reductions available to the Company for the three months ended March 31, 2023 and 2022 are as follows: Three Months Ended March 31, 2023 2022 Tax benefit (holiday) credit $ 433,950 $ 154,097 Basic net income per share effect $ 0.01 $ 0.00

Leases and Right-of-Use-Assets

Leases and Right-of-Use-Assets	3 Months Ended
Leases and Right-of-Use-Assets	Mar. 31, 2023
Leases and Right-of-Use-Assets [Abstract]
LEASES AND RIGHT-OF-USE-ASSETS	NOTE 17 - LEASES AND RIGHT-OF-USE-ASSETS During October 2020, land use right of gross value of $3.5 million was acquired from the government as the new site of Jinhua Facility’s relocation as per the Repurchase Agreement. On October 31, 2021, the Company acquired $2.8 million of land use rights through the acquisition of Jiangxi Huiyi. This land use rights was wholly prepaid. The Company has entered into a lease for Hangzhou office, with a term of 48 months from January 1, 2022 to December 31, 2025. The Company recorded operating lease assets and operating lease liabilities on January 1, 2022, with a remaining lease term of 48 months and discount rate of 3.70%. The annual lease payment for 2022 was prepaid as of January 1, 2022. The Company has paid the first year of lease and deposit amount of $262,309. The Company also elected to apply the short-term lease exception for lease arrangements with a lease term of 12 months or less at commencement. Lease terms used to compute the present value of lease payments do not include any option to extend, renew or terminate the lease that the Company is not able to reasonably certain to exercise upon the lease inception. Accordingly, operating lease right-of-use assets and liabilities do not include leases with a lease term of 12 months or less. As of March 31, 2023, the Company’s operating lease right-of-use assets (grouped in other long-term assets on the balance sheet) was $6,325,177 and lease liability was $622,156 (grouped in other current liabilities and other long-term liabilities on the balance sheet). For the three months ended March 31, 2023 and 2022, the Company’s operating lease expense were $87,417 and $94,250, respectively. Supplemental information related to operating leases was as follows: Three Months Ended March 31, 2023 2022 Cash payments for operating leases $ 29,775 $ 94,250 Maturities of lease liabilities as of March 31, 2023 were as follow: Maturity of Lease Liabilities: Lease payable Years ended December 31, 2023 $ 163,018 2024 225,399 2025 233,739

Contingent Consideration Liabil

Contingent Consideration Liability	3 Months Ended
Contingent Consideration Liability	Mar. 31, 2023
Contingent Consideration Liability [Abstract]
CONTINGENT CONSIDERATION LIABILITY	NOTE 18 - CONTINGENT CONSIDERATION LIABILITY On October 31, 2021, the Company completed the acquisition of 100% of the equity of Jiangxi Huiyi. The Company paid approximately RMB 50 million (approximately $7.9 million) at the closing of the transaction using cash on hand and may be required to pay future consideration of up to an additional 2,576,310 shares of common stock, or the total make good shares, upon the achievement of certain net income-based milestones in the next three years. Due to the latest COVID-19 outbreak and extended lockdown in some areas in China, in June 2022, the Company agreed with the original shareholders of Jiangxi Huiyi (the “Transferors”) to revise the conditions of the annual profit target and extension of evaluation period for the first year. Pursuant to the supplementary agreement, the Transferors have the right to obtain 858,770 KNDI shares in each of the below-mentioned periods, provided that Jiangxi Huiyi achieves a net income of 1) RMB 8 million yuan or more during the period from July 1, 2021 to September 30, 2022 (“Period I”); 2) RMB 15 million yuan or more during the period from October 1, 2022 to September 30, 2023 (“Period II”); 3) RMB 15 million yuan or more during the period from October 1, 2023 to September 30, 2024 (“Period III”). If the net income of Jiangxi Huiyi fails to reach the respective target number in any of the three periods, the shares that the Transferors are entitled to obtain in that period will be adjusted accordingly: 1) if the difference between the net income in each Period and its Target Number is less than or equivalent to 20% of its Target Number (RMB 8 Million in Period I or RMB 15 Million in Period II or Period III), the transferee or KNDI has right to directly subtract 171,754 KNDI shares from the total make good shares, and the Transferor are entitled to obtain 687,016 KNDI shares; 2) if the difference between the net income in each Period and its Target Number (RMB 8 Million in Period I or RMB 15 Million in Period II or Period III) is more than 20% of its Target Number but less than 40% of its Target Number, the transferee or KNDI has the right to directly subtract 343,508 KNDI shares from the total make good shares, and the Transferors have the right to obtain 515,262 KNDI shares; 3) if the difference between the net income in each Period and its Target Number (RMB 8 Million in Period I or RMB 15 Million in Period II or Period III) is greater than or equal to 40% of its Target Number, the transferee of KNDI has the right to directly subtract 858,770 KNDI shares from the total make good shares, and the Transferors will not have the right to obtain any shares in such year. For the period from July 1, 2021 to September 30, 2022, Jiangxi Huiyi achieved its net profit target. Accordingly, the Transferors will receive 858,770 shares of Kandi’s restrictive common stock as part of the purchase price. The Company recorded contingent consideration liability of the estimated fair value of the contingent consideration the Company currently expects to pay to the KSBS Shareholders and Jiangxi Huiyi’s former members upon the achievement of certain milestones. The fair value of the contingent consideration liability associated with remaining shares of restrictive common stock was estimated by using the Monte Carlo simulation method, which took into account all possible scenarios. This fair value measurement is classified as Level 3 within the fair value hierarchy prescribed by ASC Topic 820, Fair Value Measurement and Disclosures. In accordance with ASC Topic 805, Business Combinations, the Company will re-measure this liability each reporting period and record changes in the fair value through a separate line item within the Company’s consolidated statements of income. As of March 31, 2023 and December 31, 2022, the Company’s contingent consideration liability to former members of Jiangxi Huiyi was $2,164,000 and $1,803,000, respectively.

Stock Options

Stock Options	3 Months Ended
Stock Options	Mar. 31, 2023
Stock Options [Abstract]
STOCK OPTIONS	NOTE 19 - STOCK OPTIONS On September 7, 2022, the Compensation Committee of the Board of Directors of the Company approved the grant of stock options to purchase 5,000,000 shares of the Company’s common stock, at an exercise price of $2.07 per share, to the Company’s senior employees. The stock options will vest ratably over three years on October 7, 2023, October 7, 2024 and October 7, 2025, respectively, and expire on the tenth anniversary of the grant date. The Company valued the stock options at $$6,704,829 and has amortized the stock compensation expense using the graded vesting method over the service period from September 7, 2022, through October 7, 2025. The value of the stock options was estimated using the Binomial Tree Model with an expected volatility of 79.83%, an expected life of 10 years, a risk-free interest rate of 3.27% and an expected dividend yield of 0.00%. There were $980,893 and $0 in stock compensation expenses associated with stock options booked for the three months ended March 31, 2023 and 2022, respectively.

Stock Award

Stock Award	3 Months Ended
Stock Award	Mar. 31, 2023
Stock Award [Abstract]
STOCK AWARD	NOTE 20 - STOCK AWARD In connection with the appointment of Mr. Henry Yu as a member of the Board of Directors (the “Board”), the Board authorized the Company to compensate Mr. Henry Yu with 5,000 shares of Company’s restricted common stock every six months as compensation, beginning in July 2011. As compensation for Mr. Jerry Lewin’s services as a member of the Board, the Board authorized the Company to compensate Mr. Jerry Lewin with 5,000 shares of Company’s restricted common stock every six months, beginning in August 2011. As compensation for Ms. Kewa Luo’s services as the Company’s investor relation officer, the Board authorized the Company to compensate Ms. Kewa Luo with 2,500 shares of the Company’s common stock every three months, beginning in September 2013. On May 15, 2020, the Board appointed Mr. Jehn Ming Lim as the Chief Financial Officer. Mr. Lim was entitled to receive 6,000 shares of the common stock annually, which shall be issuable evenly on each six-month anniversary hereof. On January 10, 2023, the Board appointed Dr. Xueqin Dong as the Chief Executive Officer, Dr. Dong was entitled to receive 20,000 shares of the common stock. The fair value of stock awards with service condition is determined based on the closing price of the common stock on the date the shares are granted. The compensation costs for awards of common stock are recognized over the requisite service period. On December 30, 2013, the Board approved a proposal (as submitted by the Compensation Committee) of an award (the “Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan”) for certain executives and other key employees. The fair value of each award granted under the 2008 Plan is determined based on the closing price of the Company’s stock on the date of grant of such award. On September 26, 2016, the Board approved to terminate the previous Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan and adopted a new plan to grant the total number of shares of common stock of the stock award for selected executives and key employees 250,000 shares of common stock for each fiscal year. On April 18, 2018, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On April 30, 2019, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On May 9, 2020, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On April 30, 2021, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On May 10, 2022, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On March 13, 2023 (the “Signing Date”), Kandi Technologies Group, Inc., a Delaware corporation (the “Company”), entered into an Equity Incentive Agreement (the “Equity Incentive Agreement”) with Pan Guoqing (the “Receiving Party”), who is the presentative of the project management team of the project of crossover golf carts of Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi EV Hainan”), a wholly owned subsidiary of the Company organized under the laws of the People’s Republic of China. The Receiving Party was originally the management team of golf crossover project of Hainan Kandi Holding New Energy Technology Co., Ltd. (“Hainan Kandi Holding”), a company organized under the laws of the People’s Republic of China. The Receiving Party has agreed to be employed as management team of Kandi EV Hainan, responsible for the operation of the golf crossover project of Kandi EV Hainan, and stop production and operation of Hainan Kandi Holding’s business. An English translated copy of the Equity Incentive Agreement is filed as an exhibit and incorporated by reference in its entirety to this report. Pursuant to the Equity Incentive Agreement, for the next three calendar years ending in December 31, 2025 (the “Incentive Period”), the Company will provide equity incentives to the Receiving Party, subject to the Receiving Party meeting certain performance milestones in its role as the management team of the golf crossover project (the “Crossover Project”) of Kandi EV Hainan. The performance milestones are measured in terms of the net profit of the Crossover Project after deducting relevant operating costs and income taxes, excluding various incentives, allowances and rebates, among others, and shall be audited and confirmed by the third party auditor designated by the granting party, or the Company. The net profit target (the “Net Profit Target”) for the Incentive Period is RMB 150 million (approximately $21,719,613), with an annual net profit target (the “Annual Net Profit Target”) of RMB 50 million (approximately $7,239,871). Should the Receiving Party meet or exceed the Net Profit Target over the Incentive Period, the Company will issue to the Receiving Party as incentive compensation up to a maximum of 5,957,811 shares (the “Maximum Incentive Shares”) of the Company’s common stock (the “Incentive Shares”). The amount of Incentive Shares issued within each calendar year of the Incentive Period is adjusted based on the net profit of the Crossover Project within that calendar year. If the net profit of every of the three calendar years is below 60% of the Annual Net Profit Target, the Receiving Party will receive no Incentive Shares. If the net profit of every of the three calendar years is at or above the Annual Net Profit Target, the Receiving Party will receive the Maximum Incentive Shares, with higher performance resulting in receiving the Incentive Shares earlier. If the net profit of every of the three calendar years fall between 60% of the Annual Net Profit Target and the Annual Net Profit Target, the Receiving Party will receive an amount of Incentive Shares below the Maximum Incentive Shares. The Receiving Party has no relationship to the Company other than as described above. The Equity Incentive Agreement is subject to the Company’s approval. For the three months ended March 31, 2023 and 2022, the Company recognized $22,925 and $22,925 of employee stock award expenses for stock compensation and annual incentive award under the 2008 Plan paid to Board members, management and consultants under General and Administrative Expenses, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 21 - COMMITMENTS AND CONTINGENCIES Guarantees and pledged collateral for bank loans to other parties (1) Guarantees for bank loans On March 15, 2013, the Company entered into a guarantee contract to serve as the guarantor of Nanlong Group Co., Ltd. (“NGCL”) for NGCL’s $2,912,607 (RMB 20 million) loan from Shanghai Pudong Development Bank Jinhua Branch, for a term from March 15, 2013 to March 15, 2016. NGCL is not related to the Company. Under this guarantee contract, the Company agreed to assume joint liability as the loan guarantor. In April 2017, Shanghai Pudong Development Bank filed a lawsuit against NGCL, the Company and ten other parties in Zhejiang Province People’s Court in Yongkang City, alleging NGCL defaulted on a bank loan borrowed from Shanghai Pudong Development Bank for a principal amount of approximately $2.9 million and demanded that the guarantor bear the liability for compensation. On May 27, 2017, a judicial mediation took place in Yongkang City and parties reached a settlement in mediation, in which the plaintiff agreed NGCL would repay the loan principal and interest in installments. The settlement was executed starting from May 2019. If there were an event of default that NGCL could not repay the loan, the Company may be obligated to bear the liability of defaulted amount. According to the current financial situation of NGCL, the Company does not expect it will incur any losses in connection with this matter. (2) Pledged collateral for bank loans for which the parties other than the Company are the borrowers. As of March 31, 2023 and December 31, 2022, none of the Company’s land use rights or plants and equipment was pledged as collateral securing bank loans for which the parties other than the Company are the borrowers. Litigation Beginning in March 2017, putative shareholder class actions were filed against Kandi Technologies Group, Inc. (“Kandi”) and certain of its current and former directors and officers in the United States District Court for the Central District of California and the United States District Court for the Southern District of New York. The complaints generally alleged violations of the federal securities laws based on Kandi’s disclosure in March 2017 that its financial statements for the years 2014, 2015 and the first three quarters of 2016 would need to be restated, and sought damages on behalf of putative classes of shareholders who purchased or acquired Kandi’s securities prior to March 13, 2017. Kandi moved to dismiss the remaining cases, all of which were pending in the New York federal court, that motion was granted in September 2019, and the time to appeal has run. In June 2020, a similar but separate putative securities class action was filed against Kandi and certain of its current and former directors and officers in California federal court. This action was transferred to the New York federal court in September 2020, Kandi moved to dismiss in March 2021, and that motion was granted in October 2021. The plaintiff in this case subsequently filed an amended complaint, Kandi moved to dismiss that complaint in January 2022, and the motion was granted in part and denied in part in September 2022. Discovery is ongoing as to the remaining claims and defendants. Beginning in May 2017, purported shareholder derivative actions based on the same underlying events described above were filed against certain current and former directors of Kandi in the United States District Court for the Southern District of New York. The New York federal court confirmed the voluntary dismissal of these actions in April 2019. In October 2017, a shareholder filed a books and records action against the Company in the Delaware Court of Chancery pursuant to 8 Del. C. Section 220 seeking the production of certain documents generally relating to the same underlying items described above as well as attorney ’ Separately, in connection with allegations of misconduct identified in pre-suit demands made by putative shareholders of Kandi, Kandi formed a Special Litigation Committee (“SLC”) and retained a Delaware law firm as independent counsel to the SLC to aid in the SLC’s investigation of, and to ultimately report on, the allegations of misconduct set forth in the pre-suit demands. The SLC recommended to Kandi’s board of directors in June 2020 that the SLC be dissolved in light of the ongoing derivative action pending in the Delaware Court of Chancery, and this recommendation was adopted by the board in August 2020. In December 2020, a putative securities class action was filed against Kandi and certain of its current officers in the United States District Court for the Eastern District of New York. The complaint generally alleges violations of the federal securities laws based on claims made in a report issued by Hindenburg Research in November 2020, and seeks damages on behalf of a putative class of shareholders who purchased or acquired Kandi’s securities prior to March 15, 2019. Kandi moved to dismiss in February 2022, and that motion remains pending. While the Company believes that the claims in these litigations are without merit and will defend itself vigorously, the Company is unable to estimate the possible loss, if any, associated with these litigations. The ultimate outcome of any litigation is uncertain and the outcome of these matters, whether favorable or unfavorable, could have a negative impact on the Company’s financial condition or results of operations due to defense costs, diversion of management resources and other factors. Defending litigation can be costly, and adverse results in the litigations could result in substantial monetary judgments. No assurance can be made that litigation will not have a material adverse effect on the Company’s future financial position.

Segment Reporting

Segment Reporting	3 Months Ended
Segment Reporting	Mar. 31, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 22 - SEGMENT REPORTING The Company has one operating segment. The Company’s revenue and long-lived assets are primarily derived from and located in China and the US. The Company does not have manufacturing operations outside of China. The following table sets forth disaggregation of revenue: Three Months Ended 2023 2022 Sales Sales Primary geographical markets U.S. and other countries/areas $ 20,717,818 $ 10,736,375 China 2,144,290 14,155,029 Total $ 22,862,108 $ 24,891,404 Major products EV parts $ 27,365 $ 3,667,778 EV products - 339,955 Off-road vehicles and associated parts 20,786,134 10,713,741 Electric Scooters, Electric Self-Balancing Scooters and associated parts 145,991 2,127,365 Battery exchange equipment and Battery exchange service 97,683 25,511 Lithium-ion cells 1,804,935 8,017,054 Total $ 22,862,108 $ 24,891,404 Timing of revenue recognition Products transferred at a point in time $ 22,862,108 $ 24,891,404 Total $ 22,862,108 $ 24,891,404

Concentrations (Tables)

Concentrations (Tables)	3 Months Ended
Concentrations (Tables)	Mar. 31, 2023
Customers [Member]
Concentrations [Abstract]
Schedule of concentration percentage	Sales Trade Receivable Three Months Ended March 31， March 31， December 31， Major Customers 2023 2023 2022 Customer A 62 % - 1 % Sales Trade Receivable Three Months Ended March 31， March 31， December 31， Major Customers 2022 2022 2021 Customer B 13 % 8 % - Customer C 10 % 3 % 2 % Customer D 10 % - -
Suppliers [Member]
Concentrations [Abstract]
Schedule of concentration percentage	Purchases Accounts Payable Three Months Ended March 31, March 31, December 31, Major Suppliers 2022 2022 2021 ODES USA, Inc. 26 % 2 % 1 Hunan Jinfuli New Energy Co., Ltd 15 % 9 % 8 % Zhejiang Kandi Supply Chain Management Co., Ltd. 11 % 14 % 11 %

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
Accounts Receivable (Tables)	Mar. 31, 2023
Accounts Receivable, Net [Abstract]
Schedule of accounts receivable	March 31, December 31, 2023 2022 Accounts receivable $ 30,571,343 $ 40,436,262 Less: allowance for doubtful accounts (2,295,570 ) (2,285,386 ) Accounts receivable, net $ 28,275,773 $ 38,150,876
Schedule of provision for doubtful accounts	Allowance BALANCE AT DECEMBER 31, 2021 $ 3,053,277 Provision 456,974 Recovery (999,775 ) Exchange rate difference (225,090 ) BALANCE AT DECEMBER 31, 2022 $ 2,285,386 Exchange rate difference 10,184 BALANCE AT MARCH 31, 2023 $ 2,295,570

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Mar. 31, 2023
Inventories [Abstract]
Schedule of inventories	March 31, December 31, 2023 2022 Raw material $ 6,871,757 $ 6,551,450 Work-in-progress 7,662,294 4,114,550 Finished goods * 32,769,032 29,809,366 Inventories $ 47,303,083 $ 40,475,366 * As of March 31, 2023, approximately $22.8 million of inventory of off-roads and EVs held by SC Autosports were pledged as collateral for the $2,000,000 short-term loan.

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	3 Months Ended
Property, Plant and Equipment, Net (Tables)	Mar. 31, 2023
Property, Plant and Equipment, Net [Abstract]
Schedule of property, plants and equipment	March 31, December 31, 2023 2022 At cost: Buildings $ 49,916,484 $ 49,239,626 Machinery and equipment 76,311,324 77,845,979 Office equipment 1,543,757 1,528,135 Motor vehicles and other transport equipment 1,818,895 1,810,825 Molds and others 12,972,967 10,983,573 142,563,427 141,408,138 Less : Accumulated depreciation (46,956,565 ) (44,239,385 ) Property, plant and equipment, net $ 95,606,862 $ 97,168,753

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
Intangible Assets (Tables)	Mar. 31, 2023
Intangible Assets [Abstract]
Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill	Remaining March 31, December 31, useful life 2023 2022 Gross carrying amount: Patent 2.25-3.92 years $ 4,960,775 4,938,765 Technology 3.75-5.75 years 7,405,304 10,003,915 12,366,079 14,942,680 Less : Accumulated amortization Patent $ (2,911,819 ) (2,744,024 ) Technology (1,822,808 ) (1,573,079 ) (4,734,627 ) (4,317,103 ) Less : impairment for intangible assets - (2,631,465 ) Intangible assets, net $ 7,631,452 $ 7,994,112
Schedule of amortization expenses	Nine months ended December 31, 2023 $ 1,199,271 Years ended December 31, 2024 1,599,030 2025 1,536,217 2026 1,326,047 2027 1,017,076 Thereafter 953,811 Total $ 7,631,452

Land Use Rights, Net (Tables)

Land Use Rights, Net (Tables)	3 Months Ended
Land Use Rights, Net (Tables)	Mar. 31, 2023
Land Use Rights, Net [Abstract]
Schedule of land use rights	March 31, December 31, 2023 2022 Cost of land use rights $ 3,826,186 $ 3,809,211 Less: Accumulated amortization (925,020 ) (899,261 ) Land use rights, net $ 2,901,166 $ 2,909,950
Schedule of amortization expense	Nine months ended December 31, 2023 $ 65,494 Years ended December 31, 2024 87,326 2025 87,326 2026 87,326 2027 87,326 Thereafter 2,486,368 Total $ 2,901,166

Other Long Term Assets (Tables)

Other Long Term Assets (Tables)	3 Months Ended
Other Long Term Assets (Tables)	Mar. 31, 2023
Other Long Term Assets [Abstract]
Schedule of other long term assets	March 31, December 31, 2023 2022 Prepayments for land use right (i) $ 3,913,260 3,917,226 Right - of - use asset (ii) 6,325,177 6,383,824 Others 330,507 329,861 Total other long-term asset $ 10,568,944 $ 10,630,911 (i) As of March 31, 2023 and December 31, 2022, the Company’s other long term assets included net value of prepayments for land use right of Hainan facility of $3,913,260 and $3,917,226, respectively. As of March 31, 2023, the land use right of Hainan was not recognized since the land certificate is still in process. The amortization expense for the three months ended March 31, 2023 and 2022 were $21,502 and $23,183, respectively. (ii) As of March 31, 2023 and December 31, 2022, the Company’s operating lease right-of-use assets in other long term assets included net value of land use right of Jinhua facility acquired in October 2020 and Jiangxi facility acquired in October 2021 of $5,693,446 and $5,697,720, respectively, as well as the amount of $631,731 and $686,104 related to the lease of Hangzhou office starting January 1, 2022, respectively. The amortization expense of land use right of Jinhua facility and Jiangxi facility for the three months ended March 31, 2023 and 2022 were $29,775 and $32,102, respectively.

Taxes (Tables)

Taxes (Tables)	3 Months Ended
Taxes (Tables)	Mar. 31, 2023
Taxes [Abstract]
Schedule of income tax expense exemptions and reductions	Three Months Ended March 31, 2023 2022 Tax benefit (holiday) credit $ 433,950 $ 154,097 Basic net income per share effect $ 0.01 $ 0.00

Leases and Right-of-Use-Assets

Leases and Right-of-Use-Assets (Tables)	3 Months Ended
Leases and Right-of-Use-Assets (Tables)	Mar. 31, 2023
Leases and Right-of-Use-Assets [Abstract]
Schedule of information related to operating leases	Three Months Ended March 31, 2023 2022 Cash payments for operating leases $ 29,775 $ 94,250
Schedule of maturities of lease liabilities	Maturity of Lease Liabilities: Lease payable Years ended December 31, 2023 $ 163,018 2024 225,399 2025 233,739

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of forth disaggregation of revenue	Three Months Ended 2023 2022 Sales Sales Primary geographical markets U.S. and other countries/areas $ 20,717,818 $ 10,736,375 China 2,144,290 14,155,029 Total $ 22,862,108 $ 24,891,404 Major products EV parts $ 27,365 $ 3,667,778 EV products - 339,955 Off-road vehicles and associated parts 20,786,134 10,713,741 Electric Scooters, Electric Self-Balancing Scooters and associated parts 145,991 2,127,365 Battery exchange equipment and Battery exchange service 97,683 25,511 Lithium-ion cells 1,804,935 8,017,054 Total $ 22,862,108 $ 24,891,404 Timing of revenue recognition Products transferred at a point in time $ 22,862,108 $ 24,891,404 Total $ 22,862,108 $ 24,891,404

Liquidity (Details)

Liquidity (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Liquidity (Details) [Line Items]
Working capital		$ 247,817,125
Cash and cash equivalents	$ 75,133,544	84,063,717
Restricted cash	62,949,702	66,976,554
Deposits amount	100,484,949	$ 81,191,191
Other Short-Term Borrowings	4,200,000
Minimum [Member]
Liquidity (Details) [Line Items]
Working capital	$ 253,144,741
Percentage of annual certificates of deposit	3.10%
Maximum [Member]
Liquidity (Details) [Line Items]
Working capital	$ 5,327,616
Percentage of annual certificates of deposit	3.99%

Principles of Consolidation (De

Principles of Consolidation (Details)	3 Months Ended
Principles of Consolidation (Details)	Mar. 31, 2023	Mar. 14, 2022	Feb. 15, 2022
Mr. Hu Xiaoming [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary		50%
Kandi New Energy [Member] \| Zhejiang Kandi Technologies [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary	50%
Percentage of economic benefits, voting rights and residual interests	100%
Kandi New Energy [Member] \| Mr. Hu Xiaoming [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary	50%
Kandi Hainan [Member] \| Zhejiang Kandi Technologies [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary	45%
Kandi Hainan [Member] \| Kandi New Energy [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary	55%
Hainan Kandi Holding [Member] \| Kandi Hainan [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary	66.70%
Hainan Kandi Holding [Member] \| Jiangsu Xingchi [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary	33.30%
Hainan Kandi Holding [Member] \| Jiangsu Xingchi [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary			33.30%

Concentrations (Details)

Concentrations (Details)	3 Months Ended
Concentrations (Details)	Mar. 31, 2023	Mar. 31, 2022
Customers [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10%	10%
Suppliers [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10%	10%

Concentrations (Details) - Sche

Concentrations (Details) - Schedule of concentration percentage	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Customer A [Member] \| Sales [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	62%
Customer A [Member] \| Trade Receivable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage			1%
Customer B [Member] \| Sales [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage		13%
Customer B [Member] \| Trade Receivable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage		8%
Customer C [Member] \| Sales [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage		10%
Customer C [Member] \| Trade Receivable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage		3%		2%
Customer D [Member] \| Sales [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage		10%
Customer D [Member] \| Trade Receivable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage

Concentrations (Details) - Sc_2

Concentrations (Details) - Schedule of concentration percentage	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
ODES USA, Inc. [Member] \| Purchases [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	26%
ODES USA, Inc. [Member] \| Accounts Payable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	2%	1%
Hunan Jinfuli New Energy Co., Ltd [Member] \| Purchases [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	15%
Hunan Jinfuli New Energy Co., Ltd [Member] \| Accounts Payable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	9%	8%
Zhejiang Kandi Supply Chain Management Co., Ltd. [Member] \| Purchases [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	11%
Zhejiang Kandi Supply Chain Management Co., Ltd. [Member] \| Accounts Payable [Member]
Schedule of concentration percentage [Abstract]
Concentration risk, percentage	14%	11%

Earnings (loss) Per Share (Deta

Earnings (loss) Per Share (Details) - USD ($)		3 Months Ended
Earnings (loss) Per Share (Details) - USD ($)	Sep. 07, 2022	Mar. 31, 2023	Mar. 31, 2022
Earnings (loss) Per Share (Details) [Line Items]
Warrant shares		900,000
Stock option (in Dollars)	$ 5,000,000
Exercise price per share (in Dollars per share)	$ 2.07
Dilutive effects shares		909,091
Warrants [Member]
Earnings (loss) Per Share (Details) [Line Items]
Warrant shares		8,131,332
Diluted earnings per share			8,131,332
Options [Member]
Earnings (loss) Per Share (Details) [Line Items]
Diluted earnings per share			900,000

Accounts Receivable (Details) -

Accounts Receivable (Details) - Schedule of accounts receivable - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Schedule of Accounts Receivable [Abstract]
Accounts receivable	$ 30,571,343	$ 40,436,262
Less: allowance for doubtful accounts	(2,295,570)	(2,285,386)
Accounts receivable, net	$ 28,275,773	$ 38,150,876

Accounts Receivable (Details)_2

Accounts Receivable (Details) - Schedule of provision for doubtful accounts - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Schedule of Provision For Doubtful Accounts [Abstract]
BALANCE, Beginning	$ 2,285,386	$ 3,053,277
Provision		456,974
Recovery		(999,775)
Exchange rate difference	10,184	(225,090)
BALANCE, Ending	$ 2,295,570	$ 2,285,386

Inventories (Details)

Inventories (Details)	Mar. 31, 2023 USD ($)
Off-Roads [Member]
Inventories (Details) [Line Items]
Inventory	$ 22,800,000
SC Autosports [Member]
Inventories (Details) [Line Items]
Short-term loan	$ 2,000,000

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($)		Mar. 31, 2023	Dec. 31, 2022
Schedule of Inventories [Abstract]
Raw material		$ 6,871,757	$ 6,551,450
Work-in-progress		7,662,294	4,114,550
Finished goods	[1]	32,769,032	29,809,366
Inventories		$ 47,303,083	$ 40,475,366

[1] As of March 31, 2023, approximately $22.8 million of inventory of off-roads and EVs held by SC Autosports were pledged as collateral for the $2,000,000 short-term loan.

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details)	3 Months Ended
Property, Plant and Equipment, Net (Details)	Mar. 31, 2023 USD ($) m² shares	Mar. 31, 2022 USD ($)
Property, Plant and Equipment, Net (Details) [Line Items]
Production capacity with an annual output \| shares	100,000
Depreciation expenses \| $	$ 2,578,224	$ 2,701,507
New Location [Member]
Property, Plant and Equipment, Net (Details) [Line Items]
Area	57,000
Construction [Member]
Property, Plant and Equipment, Net (Details) [Line Items]
Area	98,000

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details) - Schedule of property, plants and equipment - USD ($)	Mar. 31, 2023	Dec. 31, 2022
At cost:
Property, plant and equipment, gross	$ 142,563,427	$ 141,408,138
Less : Accumulated depreciation	(46,956,565)	(44,239,385)
Property, plant and equipment, net	95,606,862	97,168,753
Buildings [Member]
At cost:
Property, plant and equipment, gross	49,916,484	49,239,626
Machinery and equipment [Member]
At cost:
Property, plant and equipment, gross	76,311,324	77,845,979
Office equipment [Member]
At cost:
Property, plant and equipment, gross	1,543,757	1,528,135
Motor vehicles and other transport equipment [Member]
At cost:
Property, plant and equipment, gross	1,818,895	1,810,825
Molds and Others [Member]
At cost:
Property, plant and equipment, gross	$ 12,972,967	$ 10,983,573

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended
Intangible Assets (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Intangible Assets [Abstract]
Amortization expenses for intangible assets	$ 399,757	$ 514,169

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Gross carrying amount of intangible assets	$ 12,366,079	$ 14,942,680
Less : Accumulated amortization	(4,734,627)	(4,317,103)
Less : impairment for intangible assets		(2,631,465)
Intangible assets, net	7,631,452	7,994,112
Patent [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Gross carrying amount of intangible assets	4,960,775	4,938,765
Less : Accumulated amortization	$ (2,911,819)	(2,744,024)
Patent [Member] \| Minimum [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Remaining useful life	2 years 3 months
Patent [Member] \| Maximum [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Remaining useful life	3 years 11 months 1 day
Technology [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Gross carrying amount of intangible assets	$ 7,405,304	10,003,915
Less : Accumulated amortization	$ (1,822,808)	$ (1,573,079)
Technology [Member] \| Minimum [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Remaining useful life	3 years 9 months
Technology [Member] \| Maximum [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets other than goodwill [Line Items]
Remaining useful life	5 years 9 months

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of amortization expenses	Mar. 31, 2023 USD ($)
Schedule of Amortization Expenses [Abstract]
Nine months ended December 31, 2023	$ 1,199,271
2024	1,599,030
2025	1,536,217
2026	1,326,047
2027	1,017,076
Thereafter	953,811
Total	$ 7,631,452

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - USD ($)	3 Months Ended
Land Use Rights, Net (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Land Use Rights, Net [Abstract]
Amortization expenses	$ 21,831	$ 23,538

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - Schedule of land use rights - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Land Use Rights, Net [Abstract]
Cost of land use rights	$ 3,826,186	$ 3,809,211
Less: Accumulated amortization	(925,020)	(899,261)
Land use rights, net	$ 2,901,166	$ 2,909,950

Land Use Rights, Net (Details_2

Land Use Rights, Net (Details) - Schedule of amortization expense	Mar. 31, 2023 USD ($)
Schedule of Amortization Expenses [Abstract]
Nine months ended December 31, 2023	$ 65,494
2024	87,326
2025	87,326
2026	87,326
2027	87,326
Thereafter	2,486,368
Total	$ 2,901,166

Other Long Term Assets (Details

Other Long Term Assets (Details) - USD ($)		3 Months Ended
Other Long Term Assets (Details) - USD ($)	Jan. 01, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Other Long Term Assets (Details) [Line Items]
Amortization expense		$ 21,831	$ 23,538
Net value of land use right		5,693,446		$ 5,697,720
Minimum [Member]
Other Long Term Assets (Details) [Line Items]
Lease, amount	$ 631,731
Maximum [Member]
Other Long Term Assets (Details) [Line Items]
Lease, amount	$ 686,104
Hainan [Member]
Other Long Term Assets (Details) [Line Items]
Prepayments for land use right		3,913,260		$ 3,917,226
Amortization expense		21,502	23,183
Jinhua Facility [Member]
Other Long Term Assets (Details) [Line Items]
Amortization expense		$ 29,775
Jiangxi facility [Member]
Other Long Term Assets (Details) [Line Items]
Amortization expense			$ 32,102

Other Long Term Assets (Detai_2

Other Long Term Assets (Details) - Schedule of other long term assets - USD ($)		Mar. 31, 2023	Dec. 31, 2022
Schedule of Other Long Term Assets [Abstract]
Prepayments for land use right	[1]	$ 3,913,260	$ 3,917,226
Right - of - use asset	[2]	6,325,177	6,383,824
Others		330,507	329,861
Total other long-term asset		$ 10,568,944	$ 10,630,911

[1] As of March 31, 2023 and December 31, 2022, the Company’s other long term assets included net value of prepayments for land use right of Hainan facility of $3,913,260 and $3,917,226, respectively. As of March 31, 2023, the land use right of Hainan was not recognized since the land certificate is still in process. The amortization expense for the three months ended March 31, 2023 and 2022 were $21,502 and $23,183, respectively. As of March 31, 2023 and December 31, 2022, the Company’s operating lease right-of-use assets in other long term assets included net value of land use right of Jinhua facility acquired in October 2020 and Jiangxi facility acquired in October 2021 of $5,693,446 and $5,697,720, respectively, as well as the amount of $631,731 and $686,104 related to the lease of Hangzhou office starting January 1, 2022, respectively. The amortization expense of land use right of Jinhua facility and Jiangxi facility for the three months ended March 31, 2023 and 2022 were $29,775 and $32,102, respectively.

Taxes (Details)

Taxes (Details) - USD ($)	3 Months Ended		12 Months Ended
Taxes (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Taxes (Details) [Line Items]
Applicable corporate income tax rate	25%
Reduced income tax rate	15%
Corporate income tax	25%	25%
Corporation income tax, description	After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s effective tax rate for the three months ended March 31, 2023 and 2022 was a tax benefit of 175.79% on a reported income before taxes of approximately $0.2 million, a tax benefit of 1.97% on a reported loss before taxes of approximately $1.7 million, respectively.
Tax benefit	$ 379,546	$ 32,600
Hainan Kandi Holding [Member]
Taxes (Details) [Line Items]
Reduced income tax rate	15%
Subsidiaries [Member]
Taxes (Details) [Line Items]
Corporate income tax	25%
PRC [Member]
Taxes (Details) [Line Items]
Net operating loss carried forward term	5 years
PRC, Hong Kong and U.S. [Member]
Taxes (Details) [Line Items]
Net operation loss			$ 8,500,000	$ 6,200,000
High and New Technology Enterprise [Member] \| Minimum [Member]
Taxes (Details) [Line Items]
Net operation loss	$ 600,000
High and New Technology Enterprise [Member] \| Maximum [Member]
Taxes (Details) [Line Items]
Net operation loss	$ 7,900,000
HNTE [Member] \| PRC [Member]
Taxes (Details) [Line Items]
Net operating loss carried forward term	10 years

Taxes (Details) - Schedule of i

Taxes (Details) - Schedule of income tax expense exemptions and reductions - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Income Tax Expense Exemptions and Reductions [Abstract]
Tax benefit (holiday) credit	$ 433,950	$ 154,097
Basic net income per share effect	$ 0.01	$ 0

Leases and Right-of-Use-Asset_2

Leases and Right-of-Use-Assets (Details) - USD ($)	1 Months Ended		3 Months Ended
Leases and Right-of-Use-Assets (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2022
Leases and Right-of-Use-Assets (Details) [Line Items]
Acquired for land use	$ 2,800,000
Lease term					48 months
Discount rate					3.70%
Deposit amount			$ 262,309
Other long term assets			6,325,177
Lease liability			622,156
Operating lease expense			$ 87,417	$ 94,250
Lease [Member]
Leases and Right-of-Use-Assets (Details) [Line Items]
Land use right of gross value		$ 3,500,000

Leases and Right-of-Use-Asset_3

Leases and Right-of-Use-Assets (Details) - Schedule of information related to operating leases - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of information related to operating leases [Abstract]
Cash payments for operating leases	$ 29,775	$ 94,250

Leases and Right-of-Use-Asset_4

Leases and Right-of-Use-Assets (Details) - Schedule of maturities of lease liabilities	Mar. 31, 2023 USD ($)
Schedule of Maturities of Lease Liabilities [Abstract]
Years ended December 31, 2023	$ 163,018
2024	225,399
2025	$ 233,739

Contingent Consideration Liab_2

Contingent Consideration Liability (Details) ¥ in Millions	1 Months Ended
Contingent Consideration Liability (Details) ¥ in Millions	Oct. 31, 2021 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 shares	Oct. 31, 2021 CNY (¥) shares
Contingent Consideration Liability (Details) [Line Items]
Cash on hand	$ 7,900,000				¥ 50
Additional shares (in Shares)				858,770
Supplementary agreement, description	Pursuant to the supplementary agreement, the Transferors have the right to obtain 858,770 KNDI shares in each of the below-mentioned periods, provided that Jiangxi Huiyi achieves a net income of 1) RMB 8 million yuan or more during the period from July 1, 2021 to September 30, 2022 (“Period I”); 2) RMB 15 million yuan or more during the period from October 1, 2022 to September 30, 2023 (“Period II”); 3) RMB 15 million yuan or more during the period from October 1, 2023 to September 30, 2024 (“Period III”). If the net income of Jiangxi Huiyi fails to reach the respective target number in any of the three periods, the shares that the Transferors are entitled to obtain in that period will be adjusted accordingly: 1) if the difference between the net income in each Period and its Target Number is less than or equivalent to 20% of its Target Number (RMB 8 Million in Period I or RMB 15 Million in Period II or Period III), the transferee or KNDI has right to directly subtract 171,754 KNDI shares from the total make good shares, and the Transferor are entitled to obtain 687,016 KNDI shares; 2) if the difference between the net income in each Period and its Target Number (RMB 8 Million in Period I or RMB 15 Million in Period II or Period III) is more than 20% of its Target Number but less than 40% of its Target Number, the transferee or KNDI has the right to directly subtract 343,508 KNDI shares from the total make good shares, and the Transferors have the right to obtain 515,262 KNDI shares; 3) if the difference between the net income in each Period and its Target Number (RMB 8 Million in Period I or RMB 15 Million in Period II or Period III) is greater than or equal to 40% of its Target Number, the transferee of KNDI has the right to directly subtract 858,770 KNDI shares from the total make good shares, and the Transferors will not have the right to obtain any shares in such year.
Common Stock [Member]
Contingent Consideration Liability (Details) [Line Items]
Additional shares (in Shares)	2,576,310				2,576,310
Jiangxi Huiyi [Member]
Contingent Consideration Liability (Details) [Line Items]
Percentage of acquisition of equity	100%				100%
Contingent consideration liability \| $		$ 2,164,000	$ 1,803,000

Stock Options (Details)

Stock Options (Details) - USD ($)		3 Months Ended		12 Months Ended
Stock Options (Details) - USD ($)	Sep. 07, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Stock Options (Details) [Line Items]
Stock options, description				The stock options will vest ratably over three years on October 7, 2023, October 7, 2024 and October 7, 2025, respectively, and expire on the tenth anniversary of the grant date.
Stock compensation expense				$ 6,704,829
Expected volatility, percentage				79.83%
Expected life, term				10 years
Risk free interest rate, percentage				3.27%
Expected dividend yield rate, percentage				0%
Stock compensation expenses		$980,893	$0
Board of Directors [Member]
Stock Options (Details) [Line Items]
Granted shares to certain management members	5,000,000
Exercise price per share	$ 2.07

Stock Award (Details)

Stock Award (Details) ¥ in Millions					1 Months Ended				3 Months Ended
Stock Award (Details) ¥ in Millions	Jan. 10, 2023 shares	May 10, 2022 shares	May 15, 2020 shares	May 09, 2020 shares	Apr. 30, 2021 shares	Apr. 30, 2019 shares	Apr. 18, 2018 shares	Sep. 26, 2016 shares	Mar. 31, 2023 USD ($) shares	Mar. 31, 2023 CNY (¥) shares	Mar. 31, 2022 USD ($)
Stock Award (Details) [Line Items]
Incentive amount									$ 21,719,613	¥ 150
Annual net profit									$ 7,239,871	¥ 50
Incentive shares									5,957,811	5,957,811
Net profit percentage									60%	60%
Employee stock award expenses (in Dollars) \| $									$ 22,925		$ 22,925
2008 Plan [Member]
Stock Award (Details) [Line Items]
Shares of common stock granted							238,600	250,000
Equity Incentive Agreement [Member]
Stock Award (Details) [Line Items]
Net profit percentage									60%	60%
Mr. Henry Yu [Member]
Stock Award (Details) [Line Items]
Restricted common stock									5,000	5,000
Mr. Jerry Lewin [Member]
Stock Award (Details) [Line Items]
Restricted common stock									5,000	5,000
Ms. Kewa Luo [Member]
Stock Award (Details) [Line Items]
Shares of common stock									2,500	2,500
Mr. Jehn Ming Lim [Member]
Stock Award (Details) [Line Items]
Shares of common stock			6,000
Dr. Xueqin Dong [Member]
Stock Award (Details) [Line Items]
Shares of common stock	20,000
Certain Management Members and Employees [Member]
Stock Award (Details) [Line Items]
Shares of common stock granted		238,600		238,600	238,600	238,600

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions		1 Months Ended
	Mar. 15, 2013	Apr. 30, 2017
Nanlong Group Co., Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Description of loans period	the Company entered into a guarantee contract to serve as the guarantor of Nanlong Group Co., Ltd. (“NGCL”) for NGCL’s $2,912,607 (RMB 20 million) loan from Shanghai Pudong Development Bank Jinhua Branch, for a term from March 15, 2013 to March 15, 2016.
Shanghai Pudong Development Bank [Member]
Commitments and Contingencies (Details) [Line Items]
Principal amount		$ 2.9

Segment Reporting (Details)

Segment Reporting (Details)	3 Months Ended
Segment Reporting (Details)	Mar. 31, 2023
Segment Reporting [Abstract]
Number of operating segment	1

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of forth disaggregation of revenue - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Primary geographical markets [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 22,862,108	$ 24,891,404
Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	22,862,108	24,891,404
Timing of revenue recognition [Member]
Disaggregation of Revenue [Line Items]
Revenues	22,862,108	24,891,404
U.S. and other countries/areas [Member] \| Primary geographical markets [Member]
Disaggregation of Revenue [Line Items]
Revenues	20,717,818	10,736,375
China [Member] \| Primary geographical markets [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,144,290	14,155,029
EV parts [Member] \| Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	27,365	3,667,778
EV products [Member] \| Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues		339,955
Off-road vehicles and associated parts [Member] \| Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	20,786,134	10,713,741
Electric Scooters, Electric Self-Balancing Scooters and associated parts [Member] \| Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	145,991	2,127,365
Battery exchange equipment and Battery exchange service [Member] \| Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	97,683	25,511
Lithium-ion cells [Member] \| Major Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,804,935	8,017,054
Products transferred at a point in time [Member] \| Timing of revenue recognition [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 22,862,108	$ 24,891,404