Investor Presentaiton

NET REVENUE Total net revenues increased by 4.9% to $123.6 million, from $117.8 million in 2022. Leveraging the global trend toward electrification of off-road fuel vehicles, Kandi applies EV technology to off-road vehicle products. The off-road EVs and related parts sector were the main driver of our record-high revenue over the past three years. In 2023, we developed and launched models such as the all-electric UTV and electric mini golf carts. 135.7 康迪 KANDI 123.6 117.8 76.9 91.5 البيا 2019 2020 2021 2022 2023 ($mln)

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