New York, May 22, 2026, 11:10 EDT
- Kandi was changing hands near 72 cents in late-morning New York trade, keeping the stock under the Nasdaq’s $1 minimum.
- The company has a deadline of Nov. 2 to get back to minimum-bid compliance.
- U.S. stocks were higher ahead of the Memorial Day break, though KNDI is trading on its own news.
Kandi Technologies Group Inc. traded at about 72 cents Friday, staying under the $1 mark that has become the focus for the China-based EV and off-road vehicle company. MarketBeat had KNDI at $0.72, off 0.3%, at 11:06 a.m. Eastern.
Kandi’s still facing the Nasdaq clock. In its May 8 filing, the company said it had been notified by Nasdaq that KNDI dropped below the exchange’s $1 minimum bid requirement. That rule says a stock’s closing bid, or what buyers are offering, needs to stay at $1 or more.
Kandi said its Nasdaq Global Select Market listing isn’t affected right now. The company has 180 days, until Nov. 2, to fix the issue. If shares trade at $1 or higher for 10 business days in a row, it will be back in compliance.
Dow climbs to new high, Nasdaq up 0.67% as Wall Street follows U.S.-Iran talks
Wall Street indexes moved higher Friday, with the Dow reaching a record and the Nasdaq Composite up 0.67% at 9:42 a.m. ET. Investors watched U.S.-Iran peace talks going into the long weekend, Reuters reported.
Nasdaq is shut for Memorial Day, Monday, May 25, according to its holiday calendar. Regular trading hours are 9:30 a.m. to 4 p.m. Eastern on standard sessions.
Kandi is dealing with the bid-price issue after a tough year. The company posted 2025 net revenue of $87.4 million, a drop from $127.6 million in 2024, and ended with a net loss of $95.6 million. Gross margin was better at 42.6%. Cash, restricted cash and certificates of deposit were $211.9 million at year-end. CEO Feng Chen called the cash position “flexibility and confidence” for its dual-engine strategy. GlobeNewswire
Kandi’s 2025 filing makes clear why the off-road segment matters more for investors than its past EV business. Off-road vehicles and parts brought in $82.8 million last year, about 94.7% of net revenue. But that revenue line dropped 28.9% from 2024. In North America, Kandi faces bigger names in powersports, including Polaris, with its RANGER utility models, RZR sport models and Sportsman ATVs.
Kandi is looking for new growth. According to its 20-F, Kandi has agreed to buy Rawrr, an off-road electric motorcycle company based in California, for $23.9 million in Kandi stock issued at $1.35 a share. The same filing shows that Rawrr chairman Kenny Hu is the son of Kandi director Xiaoming Hu.
Kandi Technologies (KNDI) faces a clear risk. If shares don’t rebound over $1, the company could seek a move to the Nasdaq Capital Market, a reverse split, or just more time. If those efforts fail, its listing could be in danger. The Rawrr share-transfer pact adds pressure. If Kandi gets delisted and can’t get back to a major market within a year, Rawrr’s sellers could choose to buy Rawrr back for fair market value, but they’re not required to.
KNDI is facing a limited test right now. The wider market’s uptrend may be giving shares a short-term boost, but the company still has to log closing trades above $1 for 10 business days in a row. Otherwise, today’s action won’t change much for KNDI, with that delisting threat still hanging over the stock.
