Kandi Technologies (KNDI) 10-Q 10 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 03, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Kandi Technologies Group, Inc.
Entity Central Index Key	1,316,517
Trading Symbol	KNDI
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		48,021,538

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 2,044,025	$ 12,235,921
Restricted cash	14,222,418	12,957,377
Short term investments	82,371	4,463,097
Accounts receivable	34,053,585	32,394,613
Inventories (net of provision for slow moving inventory of $464,950 and $415,797 as of March 31, 2017 and December 31, 2016, respectively	14,742,642	11,914,110
Notes receivable from JV Company and related party	1,329,481	400,239
Other receivables	576,867	66,064
Prepayments and prepaid expense	4,011,087	4,317,855
Due from employees	46,207	4,863
Advances to suppliers	16,958,367	38,250,818
Amount due from JV Company, net	130,463,405	136,536,159
Amount due from related party	10,568,992	10,484,816
Deferred taxes assets	581,806
Total Current assets	229,681,253	264,025,932
LONG-TERM ASSETS
Property, plants and equipment, net	14,277,542	15,194,442
Land use rights, net	11,790,750	11,775,720
Construction in progress	36,779,576	27,054,181
Deferred tax assets	3,196,909	0
Long term investments	1,378,704	1,367,723
Investment in JV Company	72,914,887	77,453,014
Goodwill	322,591	322,591
Intangible assets	392,687	413,211
Advances to suppliers	31,751,164	33,819,419
Other long term assets	8,045,747	8,271,952
Total Long-Term Assets	180,850,557	175,672,253
TOTAL ASSETS	410,531,810	439,698,185
CURRENT LIABILITIES
Accounts payable	106,672,979	115,870,051
Other payables and accrued expenses	4,338,481	4,835,952
Short-term loans	32,508,385	34,265,065
Customer deposits	169,177	41,671
Notes payable	18,761,779	14,797,325
Income tax payable	607,699	1,364,235
Due to employees	16,014	21,214
Deferred tax liabilities		118,643
Deferred income	1,349,098	6,363,751
Total Current Liabilities	164,423,612	177,677,907
LONG-TERM LIABILITIES
Long term bank loans	29,025,343	28,794,172
Deferred tax liabilities		878,639
Total Long-Term Liabilities	29,025,343	29,672,811
TOTAL LIABILITIES	193,448,955	207,350,718
Loss contingency-litigation	4,620,488	0
STOCKHOLDER'S EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized; 47,772,138 and 47,699,638 shares issued and outstanding at March 31,2017 and December 31,2016, respectively	47,772	47,700
Additional paid-in capital	230,387,924	227,911,477
Retained earnings (restricted portions were $4,217,753 and $4,219,808 at March 31, 2017 and December 31, 2016, respectively)	391,728	24,545,163
Accumulated other comprehensive income (loss)	(18,365,057)	(20,156,873)
TOTAL STOCKHOLDERS' EQUITY	212,462,367	232,347,467
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 410,531,810	$ 439,698,185

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheet (Parenthetical) (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Net of provision for slow moving inventory	$ 464,950	$ 415,797
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	47,772,138	47,699,638
Common stock, shares outstanding	47,772,138	47,699,638
Restricted retained earnings	$ 4,217,753	$ 4,219,808

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income (Loss) [Abstract]
REVENUES FROM UNRELATED PARTIES, NET	$ 2,962,931	$ 33,974,416
REVENUES FROM THE JV COMPANY AND RELATED PARTIES, NET	1,311,642	16,683,477
REVENUES, NET	4,274,573	50,657,893
COST OF GOODS SOLD	3,607,241	43,939,795
GROSS PROFIT	667,332	6,718,098
OPERATING EXPENSES:
Research and development	20,769,732	205,968
Selling and marketing	358,309	46,335
General and administrative	8,319,294	8,032,882
Total Operating Expenses	29,447,335	8,285,185
(LOSS) FROM OPERATIONS	(28,780,003)	(1,567,087)
OTHER INCOME (EXPENSE):
Interest income	530,642	780,181
Interest expense	(614,453)	(442,079)
Change in fair value of financial instruments	0	3,286,340
Government grants	5,067,474	194,473
Share of loss after tax of JV	(5,161,713)	(4,822,470)
Other income (expense), net	28,621	22,387
Total other expense, net	(149,429)	(981,168)
(LOSS) BEFORE INCOME TAXES	(28,929,432)	(2,548,255)
INCOME TAX BENEFIT	4,775,997	2,636,675
NET (LOSS) INCOME	(24,153,435)	88,420
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation	1,791,816	1,524,639
COMPREHENSIVE (LOSS) INCOME	$ (22,361,619)	$ 1,613,059
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC	47,732,388	47,009,834
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED	47,732,388	47,027,744
NET (LOSS) INCOME PER SHARE, BASIC	$ (0.51)	$ 0
NET (LOSS) INCOME PER SHARE, DILUTED	$ (0.51)	$ 0

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ (24,153,435)	$ 88,420
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	1,162,795	1,223,243
Asset impairments	45,831	0
Deferred taxes	(4,775,997)	(4,397,828)
Change in fair value of financial instruments	0	(3,286,340)
Share of loss after tax of the JV Company	5,161,713	4,822,470
Stock compensation costs	2,476,519	6,887,892
(Increase) Decrease in:
Accounts receivable	(1,399,372)	(42,638,900)
Notes receivable from the JV Company and related parties	3,704,957	0
Inventories	(2,779,644)	(7,815,491)
Other receivables and other assets	(210,503)	(144,118)
Due from employees	(46,692)	(67,798)
Advances to suppliers and prepayments and prepaid expenses	21,948,470	(441,602)
Advances to suppliers-Long term	(5,682,460)	0
Amounts due from the JV Company	(15,542,072)	(47,249,577)
Due from related parties	(300,000)	34,781,767
Increase (Decrease) In:
Accounts payable	9,986,016	59,895,019
Other payables and accrued liabilities	(297,408)	(7,875,311)
Notes payable	(1,855,353)	0
Customer deposits	127,216	54,289
Income tax payable	(789,661)	1,165,635
Deferred income	(5,067,474)	0
Loss contingency-litigation	4,622,066	0
Net cash used in operating activities	(13,664,488)	(4,998,230)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of plant and equipment, net	(23,492)	(29,696)
Disposal of land use rights and other intangible assets	0	13,767
Purchases of construction in progress	(1,488,409)	(28,140)
Repayment of notes receivable		2,724,443
Short term investment	4,418,065	(1,455,727)
Net cash provided by investing activities	2,906,164	1,224,647
CASH FLOWS FROM FINANCING ACTIVITIES:
Restricted cash	(1,161,410)	0
Proceeds from short-term bank loans	3,629,407
Repayments of short-term bank loans	(5,661,875)	0
Proceeds from notes payable	3,669,853
Warrant exercise		434,666
Net cash provided by financing activities	475,975	434,666
NET INCREASE IN CASH AND CASH EQUIVALENTS	(10,282,349)	(3,338,917)
Effect of exchange rate changes on cash	90,453	48,024
Cash and cash equivalents at beginning of year	12,235,921	16,738,559
CASH AND CASH EQUIVALENTS AT END OF PERIOD	2,044,025	13,447,666
SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid	786,172	595,518
Interest paid	386,973	445,176
SUPPLEMENTAL NON-CASH DISCLOSURES:
Prepayments transferred to construction in progress	8,023,030	0
Accounts payable transferred to construction in progress	980,292	0
Settlement of accounts due from the JV Company and related parties with notes receivable	22,713,442	31,350,559
Settlement of accounts receivables with notes receivable from unrelated parties		10,413,273
Assignment of notes receivable to suppliers to settle accounts payable	18,082,140	40,855,454
Settlement of accounts payable with notes payables	$ 2,032,468	$ 2,063,766

Organization and Principal Acti

Organization and Principal Activities	3 Months Ended
	Mar. 31, 2017
Organization and Principal Activities
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. Kandi Technologies changed its name from Stone Mountain Resources, Inc. to Kandi Technologies, Corp. on August 13, 2007, and on December 21, 2012, Kandi Technologies changed its name to Kandi Technologies Group, Inc. As used herein, the term the “Company” means Kandi Technologies and its operating subsidiaries, as described below. Headquartered in Jinhua City, Zhejiang Province, People’s Republic of China, the Company is one of the People’s Republic of China’s (“China”) leading producers and manufacturers of electric vehicle (“EV”) products, EV parts, and off-road vehicles for sale in China and global markets. The Company conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), and the partially and wholly-owned subsidiaries of Kandi Vehicles. The Company’s organizational chart is as follows: Operating Subsidiaries: Pursuant to agreements executed in January 2011, Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests (100% of profits and losses) of Jinhua Kandi New Energy Vehicles Co., Ltd. (“Kandi New Energy”). Kandi New Energy currently holds battery pack production licensing rights and supplies battery packs to the JV Company (as such term is defined below). In April 2012, pursuant to a share exchange agreement, the Company acquired 100% of Yongkang Scrou Electric Co, Ltd. (“Yongkang Scrou”), a manufacturer of automobile and EV parts. Yongkang Scrou currently manufactures and sells EV drive motors, EV controllers, air conditioners and other electric products to the JV Company. In March 2013, pursuant to a joint venture agreement (the “JV Agreement”) entered into by Kandi Vehicles and Shanghai Maple Guorun Automobile Co., Ltd. (“Shanghai Guorun”), a 99%-owned subsidiary of Geely Automobile Holdings Ltd. (“Geely”), the parties established Zhejiang Kandi Electric Vehicles Co., Ltd. (the “JV Company”) to develop, manufacture and sell EV products and related auto parts. Each of Kandi Vehicles and Shanghai Guorun has 50% ownership interest in the JV Company. In March 2014, the JV Company changed its name to Kandi Electric Vehicles Group Co., Ltd. At present, the JV Company is a holding company and all products are manufactured by its subsidiaries. In an effort to improve the JV Company’s development, Zhejiang Geely Holding Group, the parent company of Geely, became the JV Company’s direct holding company on October 26, 2016, through its purchase of the 50% equity of the JV Company held by Shanghai Guorun at a premium price (a price exceeding the cash amount of the aggregate of the original investment and the shared profits over the years). In March 2013, Kandi Vehicles formed Kandi Electric Vehicles (Changxing) Co., Ltd. (“Kandi Changxing”) in the Changxing (National) Economic and Technological Development Zone. Kandi Changxing is engaged in the production of EV products. In the fourth quarter of 2013, Kandi Vehicles entered into an ownership transfer agreement with the JV Company pursuant to which Kandi Vehicles transferred 100% of its ownership in Kandi Changxing to the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Changxing. In July 2013, Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. (the “Service Company”) was formed. The Service Company is engaged in various pure EV leasing businesses, generally referred to as the Micro Public Transportation (“MPT”) program. The Company, through Kandi Vehicles, has 9.5% ownership interest in the Service Company. In November 2013, Kandi Electric Vehicles Jinhua Co., Ltd. (“Kandi Jinhua”) was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jinhua, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua. In November 2013, Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd. (“JiHeKang”) was formed by the JV Company. JiHeKang is engaged in the car sales business. The JV Company has a 100% ownership interest in JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang. In December 2013, the JV Company entered into an ownership transfer agreement with Shanghai Guorun, pursuant to which the JV Company acquired a 100% ownership interest in Kandi Electric Vehicles (Shanghai) Co., Ltd. (“Kandi Shanghai”). As a result, Kandi Shanghai is a wholly-owned subsidiary of the JV Company, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Shanghai. In January 2014, Kandi Electric Vehicles Jiangsu Co., Ltd. (“Kandi Jiangsu”) was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jiangsu, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jiangsu. Kandi Jiangsu is mainly engaged in EV research and development, manufacturing, and sales. In November 2015, Hangzhou Puma Investment Management Co., Ltd. (“Puma Investment”) was formed by the JV Company. Puma Investment provides investment and consulting services. The JV Company has a 50% ownership interest in Puma Investment(the other 50% is owned by Zuozhongyou Electric Vehicles Service (Hangzhou) Co.,Ltd., a subsidiary of the Service Company), and the Company, indirectly through the JV Company, has a 25% economic interest in Puma Investment. The other 50% ownership interest is held by the Service Company. In November 2015, Hangzhou JiHeKang Electric Vehicle Service Co., Ltd. (the “JiHeKang Service Company”) was formed by the JV Company. The JiHeKang Service Company focuses on after-market services for EV products. The JV Company has a 100% ownership interest in the JiHeKang Service Company, and the Company, indirectly through the JV Company, has a 50% economic interest in the JiHeKang Service Company. In January 2016, Kandi Electric Vehicles (Wanning) Co., Ltd. (“Kandi Wanning”) was renamed Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”). Kandi Hainan was originally formed in Wanning City in Hainan Province by Kandi Vehicles and Kandi New Energy in April 2013, and was transferred to Haikou City in January 2016. Kandi Vehicles has a 90% ownership interest in Kandi Hainan, and Kandi New Energy has the remaining 10% ownership interest. In fact, Kandi Vehicles is, effectively, entitled to 100% of the economic benefits, voting rights and residual interests (100% of the profits and losses) of Kandi Hainan as Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy. In August 2016, Jiangsu JiDian Electric Vehicle Sales Co., Ltd. (“Jiangsu JiDian”) was formed by JiHeKang. Jiangsu JiDian is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Jiangsu JiDian, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Jiangsu JiDian. In October 2016, JiHeKang acquired Tianjin BoHaiWan Vehicle Sales Co., Ltd. (“Tianjin BoHaiWan”), which is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Tianjin BoHaiWan, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Tianjin BoHaiWan. In November 2016, Changxing Kandi Vehicle Maintenance Co., Ltd. (“Changxing Maintenance”) was formed by Kandi Changxing. Changxing Maintenance is engaged in the car repair and maintenance business. Since Kandi Changxing is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Changxing Maintenance, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance. In March 2017, Hangzhou Liuchuang Electric Vehicle Technology Co., Ltd.(“Liuchuang”) was formed by Kandi Jiangsu. Since Kandi Jiangsu is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Liuchuang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Liuchuang. The Company’s primary business operations are designing, developing, manufacturing and commercializing EV products, EV parts and off-road vehicles. As part of its strategic objective of becoming a leading manufacturer of EV products (through the JV Company) and related services, the Company has increased its focus on pure EV-related products, with a particular emphasis on expanding its market share in China.

Liquidity

Liquidity	3 Months Ended
	Mar. 31, 2017
Liquidity [Abstract]
LIQUIDITY	NOTE 2 – LIQUIDITY The Company had a working capital surplus of $65,257,641 as of March 31, 2017, a decrease of $21,090,384 from $86,348,025 as of December 31, 2016. As of March 31, 2017, the Company had credit lines from commercial banks of $32,363,258. The Company believes that its internally-generated cash flows may not be sufficient to support the growth of future operations and to repay short-term bank loans for the next twelve months. However, the Company believes its access to existing financing sources and its good credit will enable it to meet its obligations and fund its ongoing operations. The Company has historically financed its operations through short-term commercial bank loans from Chinese banks. The term of these loans is typically for one year, and upon the payment of all outstanding principal and interest on a particular loan, the banks have typically rolled over the loan for an additional one-year term, with adjustments made to the interest rate to reflect prevailing market rates. The Company believes this practice has been ongoing year after year and that short-term bank loans remain available on normal trade terms if needed.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 3 – BASIS OF PRESENTATION The Company maintains its general ledger and journals using the accrual method of accounting for financial reporting purposes. The Company’s financial statements and notes are the representations of the Company’s management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States and have been consistently applied in the Company’s presentation of its financial statements.

Principles of Consolidation

Principles of Consolidation	3 Months Ended
	Mar. 31, 2017
Principles of Consolidation [Abstract]
PRINCIPLES OF CONSOLIDATION	NOTE 4 – PRINCIPLES OF CONSOLIDATION The Company’s 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) Kandi Vehicles, a wholly-owned subsidiary of Continental; (3) Kandi New Energy, a 50%-owned subsidiary of Kandi Vehicles (Mr. Hu Xiaoming owns the other 50%). Pursuant to agreements executed in January 2011, Mr. Hu Xiaoming contracted with Kandi Vehicles for the operation and management of Kandi New Energy and put his shares of Kandi New Energy into escrow. As a result, Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy; (4) Yongkang Scrou, a wholly-owned subsidiary of Kandi Vehicles; and (5) Kandi Hainan, a subsidiary 10% owned by Kandi New Energy and 90% owned by Kandi Vehicles. Equity Method Investees The Company’s consolidated net income also includes the Company’s proportionate share of the net income or loss of its equity method investees as follows: (1) The JV Company, a 50% owned subsidiary of Kandi Vehicles; (2) Kandi Changxing, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has 50% economic interest in Kandi Changxing; (3) Kandi Jinhua, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua; (4) JiHeKang, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang; (5) Kandi Shanghai, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Shanghai; (6) Kandi Jiangsu, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jiangsu; (7) The JiHeKang Service Company, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in the JiHeKang Service Company. (8) Tianjin BoHaiWan, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Tianjin BoHaiWan; (9) Changxing Maintenance, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance; ( 10) Liuchuang, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Liuchuang. All intra-entity profits and losses with regards to the Company’s equity method investees have been eliminated.

Use of Estimates

Use of Estimates	3 Months Ended
	Mar. 31, 2017
Use of Estimates [Abstract]
USE OF ESTIMATES	NOTE 5 – USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results when ultimately realized could differ from those estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 6 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Economic and Political Risks The Company’s operations are conducted in China. As a result, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in China, and by the general state of the Chinese economy. In addition, the Company’s earnings are subject to movements in foreign currency exchange rates when transactions are denominated in Renminbi (“RMB”), which is the Company’s functional currency. Accordingly, the Company’s operating results are affected by changes in the exchange rate between the U.S. dollar and the RMB. The Company’s operations in China are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s performance may be adversely affected by changes in the political and social conditions in China, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. (b) Fair Value of Financial Instruments ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1—defined as observable inputs such as quoted prices in active markets; Level 2—defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3—defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments primarily consist of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, other receivables, accounts payable, other payables and accrued liabilities, short-term bank loans, notes payable, and warrants. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, other receivables, accounts payable, other payables and accrued liabilities, and notes payable approximate fair value because of the short-term nature of these items. The estimated fair values of short-term bank loans were not materially different from their carrying value as presented due to the brief maturities and because the interest rates on these borrowings approximate those that would have been available for loans of similar remaining maturities and risk profiles. As the carrying amounts are reasonable estimates of fair value, these financial instruments are classified within Level 1 of the fair value hierarchy. The Company identified notes payable as Level 2 instruments due to the fact that the inputs to valuation are primarily based upon readily observable pricing information. The balance of notes payable, which was measured and disclosed at fair value, was $18,761,779 and $14,797,325 at March 31, 2017 and December 31, 2016, respectively. Warrants, which are accounted for as liabilities, are treated as derivative instruments, and are measured at each reporting date for their fair value using Level 3 inputs. The fair value of warrants was $0 at March 31, 2017 and December 31, 2016, respectively. Also see Note 6(t). (c) Cash and Cash Equivalents The Company considers highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. Restricted cash, as of March 31, 2017, and December 31, 2016, includes time deposits on account for earning interest income. As of March 31, 2017, and December 31, 2016, the Company’s restricted cash was $14,222,418 and $12,957,377, which includes a one-year Certificate of Time Deposit (CD) of $11,610,137 with Hangzhou Bank Jinhua Branch, of which $5,805,069 will mature on September 29, 2017, and the remainder will mature on October 29, 2017. (d) Inventories Inventories are stated at the lower of cost or net realizable value (market value). The cost of raw materials is determined on the basis of weighted average. The cost of finished goods is determined on the basis of weighted average and comprises direct materials, direct labor and an appropriate proportion of overhead. Net realizable value is based on estimated selling prices less selling expenses and any further costs expected to be incurred for completion. Adjustments to reduce the cost of inventory to net realizable value are made, if required, for estimated excess, obsolescence, or impaired balances. (e) Accounts Receivable Accounts receivable are recognized and carried at net realizable value. An allowance for doubtful accounts is recorded for periods in which the Company determines a loss is probable, based on its assessment of specific factors, such as troubled collections, historical experience, accounts aging, ongoing business relations and other factors. Accounts are written off after exhaustive collection efforts. If accounts receivable are to be provided for, or written off, they are recognized in the consolidated statement of operations within the operating expenses line item. As of March 31, 2017, and December 31, 2016, the Company had no allowance for doubtful accounts, as per the Company management’s judgment based on their best knowledge. As of March 31, 2017, and December 31, 2016, credit terms with the Company’s customers were typically 210 to 720 days after delivery. The Company extended credit terms with its certain customers to a much longer period as referenced above because of delayed subsidy payments for EV sales from the Chinese government. (f) Notes receivable Notes receivable represent short-term loans to third parties with maximum terms of six months. Interest income is recognized according to each agreement between a borrower and the Company on an accrual basis. If notes receivable are paid back, that transaction will be recognized in the relevant year. If notes receivable are not paid back, or are written off, that transaction will be recognized in the relevant year if default is probable, reasonably assured, and the loss can be reasonably estimated. The Company will recognize income if the written-off loan is recovered at a future date. In case of any foreclosure proceedings or legal actions, the Company provides an accrual for the related foreclosure and litigation expenses. The Company also receives notes receivable from the JV Company and other parties to settle accounts receivable. If the Company decides to discount notes receivable for the purpose of receiving immediate cash, the current discount rate is approximately in the range of 2.70% to 6.00% annually. As of March 31, 2017, the Company had notes receivable from JV Company and related parties of $1,329,481, which notes receivable typically mature within 6 months. (g) Advances to Suppliers Advance to suppliers represent cash paid in advance to suppliers, and include advances to raw material suppliers, mold manufacturers, and equipment suppliers. As of December 31, 2016, the Company made total advance payments of RMB 744 million (approximately $108 million) to Nanjing Shangtong as an advance to purchase a production line and develop a new EV model for Kandi Hainan. Nanjing Shangtong is a total solution contractor for Kandi Hainan and provides all the equipment and EV product design and research services used by Kandi Hainan. Advances for raw material purchases are typically settled within two months of the Company’s receipt of the raw materials. Prepayment is offset against the purchase price after the equipment or materials are delivered. (h) Property, Plants and Equipment Property, plants and equipment are carried at cost less accumulated depreciation. Depreciation is calculated over the asset’s estimated useful life using the straight-line method. Leasehold improvements are amortized over the life of the asset or the term of the lease, whichever is shorter. Estimated useful lives are as follows: Buildings 30 years Machinery and equipment 10 years Office equipment 5 years Motor vehicles 5 years Molds 5 years The costs and related accumulated depreciation of assets sold or otherwise retired are eliminated from the Company’s accounts and any gain or loss is included in the statements of income. The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized. (i) Construction in Progress Construction in progress (“CIP”) represents the direct costs of construction and the acquisition costs of buildings or machinery. Capitalization of these costs ceases, and construction in progress is transferred to plants and equipment, when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for until the assets are completed and ready for their intended use. $507,944 of interest expenses have been capitalized for CIP as of March 31, 2017. (j) Land Use Rights According to Chinese law, land in China is owned by the government and land ownership rights cannot be sold to an individual or to a private company. However, the Chinese government grants the user a “land use right” to use the land. The land use rights granted to the Company are amortized using the straight-line method over a term of fifty years. (k) Accounting for the Impairment of Long-Lived Assets The Company periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in Statement of Financial Accounting Standards (“SFAS”) No. 144 (now known as “ASC 360”). The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for The Company recognized no impairment loss during the reporting period. (l) Revenue Recognition Revenue represents the invoiced value of goods sold. Revenue is recognized when the Company ships the goods to its customers and all of the following criteria are met: ● Persuasive evidence of an arrangement exists; ● Delivery has occurred or services have been rendered; ● The seller’s price to the buyer is fixed or determinable; and ● Collectability is reasonably assured. The Company recognized revenue when the products and the risks they carry are transferred to the other party. (m) Research and Development Expenditures relating to the development of new products and processes, including improvements to existing products, are expensed as incurred. Research and development expenses were $20,769,732 and $205,968 for the three months ended March 31, 2017, and March 31, 2016, respectively. (n) Government Grants Grants and subsidies received from the Chinese government are recognized when the proceeds are received or collectible and related milestones have been reached and all contingencies have been resolved. For the three months ended March 31, 2017 and March 31, 2016, respectively, the Company’s subsidiaries recognized $5,067,474 and $194,473 in grants from the Chinese government. (o) Income Taxes The Company accounts for income tax using an asset and liability approach, which allows for the recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The accounting for deferred tax calculation represents the Company management’s best estimate of the most likely future tax consequences of events that have been recognized in our financial statements or tax returns and related future anticipation. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization will be uncertain. (p) Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollars. The functional currency of the Company is the Renminbi (RMB). Capital accounts of the consolidated financial statements are translated into United States dollars from RMB at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rate of the reporting period, which rates are obtained from the website: http://www.oanda.com March 31, December 31, March 31, 2017 2016 2016 Period end RMB : USD exchange rate 6.890530 6.94585 6.45080 Average RMB : USD exchange rate 6.888178 6.64520 6.54144 (q) Comprehensive Income Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements. Comprehensive income includes net income and the foreign currency translation changes. (r) Segments In accordance with ASC 280-10, Segment Reporting, the Company’s chief operating decision makers rely upon the consolidated results of operations when making decisions about allocating resources and assessing the performance of the Company. As a result of the assessment made by the Company’s chief operating decision makers, the Company has only one operating segment. The Company does not distinguish between markets or segments for the purpose of internal reporting. (s) Stock Option Expenses The Company’s stock option expenses are recorded in accordance with ASC 718 and ASC 505. The fair value of stock options is estimated using the Black-Scholes-Merton model. The Company’s expected volatility assumption is based on the historical volatility of the Company’s common stock. The expected life assumption is primarily based on the expiration date of the option. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The recognition of stock option expenses is based on awards expected to vest. ASC standards require forfeitures to be estimated at the time of grant and revised in subsequent periods, if necessary, if actual forfeitures differ from those estimates. The stock-based option expenses for the three months ended March 31, 2017 and March 31, 2016, were $1,133,519 and $6,109,666, respectively. See Note 19. There were no forfeitures estimated during the reporting period. (t) Warrant Costs The Company’s warrant costs are recorded as liabilities in accordance with ASC 480, ASC 505 and ASC 815. We adopted the binomial tree valuation approach to estimate the fair value of the warrants. Using binomial tree valuation approach, it is assumed that the life of the warrant (from Valuation Date to Expiration Date) is typically divided into many steps (or nodes). In each step there is a binomial stock price movement. With more steps, possible stock price paths are implicitly considered. Valuation of the warrant is performed iteratively, starting at each of the final nodes (those that may be reached at the time of expiration), and then working backwards through the tree towards the first node (valuation date). The value computed at each stage is the value of the warrant at that point in time. (u) Goodwill The Company allocates goodwill from business combinations to reporting units based on the expectation that the reporting unit is to benefit from the business combination. The Company evaluates its reporting units on an annual basis and, if necessary, reassigns goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgments, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and the determination of the fair value of each reporting unit. The Company first assesses qualitative factors to determine whether it is more likely than not that goodwill is impaired. If the more likely than not threshold is met, the Company performs a quantitative impairment test. As of March 31, 2017 and March 31, 2016, the Company determined that its goodwill was not impaired. (v) Intangible assets Intangible assets consist of trade names and customer relations associated with the purchase price from the allocation of Yongkang Scrou. Such assets are being amortized over their estimated useful lives of 9.7 years. Intangible assets are amortized as of March 31, 2017. The amortization expenses for intangible assets were $20,524 and $20,524 for the three months ended March 31, 2017 and March 31, 2016, respectively. (w) Accounting for Sale of Common Stock and Warrants Gross proceeds are first allocated according to the initial fair value of the freestanding derivative instruments (i.e. the warrants issued to the Company’s investors in its previous offerings, or the “Investor Warrants”). The remaining proceeds are allocated to common stock. The related issuance expenses, including the placement agent cash fees, legal fees, the initial fair value of the warrants issued to the placement agent and others were allocated between the common stock and the Investor Warrants based on how the proceeds are allocated to these instruments. Expenses related to the issuance of common stock were charged to paid-in capital. Expenses related to the issuance of derivative instruments were expensed upon issuance. (x) Consolidation of variable interest entities In accordance with accounting standards regarding consolidation of variable interest entities, or VIEs, VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. The Company has concluded, based on the contractual arrangements, that Kandi New Energy is a VIE and that the Company’s wholly-owned subsidiary, Kandi Vehicles, absorbs a majority of the risk of loss from the activities of this company, thereby enabling the Company, through Kandi Vehicles, to receive a majority of its respective expected residual returns. Additionally, because Kandi New Energy is under common control with other entities, the consolidated financial statements have been prepared as if the transactions had occurred retroactively as to the beginning of the reporting period of these consolidated financial statements. Control and common control are defined under the accounting standards as “an individual, enterprise, or immediate family members who hold more than 50 percent of the voting ownership interest of each entity.” Because the owners collectively own 100% of Kandi New Energy, and have agreed to vote their interests in concert since the establishment of each of these three companies as memorialized the Voting Rights Proxy Agreement, the Company believes that the owners collectively have control and common control of Kandi New Energy. Accordingly, the Company believes that Kandi New Energy was constructively held under common control by Kandi Vehicles as of the time the contractual agreements were entered into, establishing Kandi Vehicles as their primary beneficiary. Kandi Vehicles, in turn, is owned by Continental, which is owned by the Company. (y) Reclassification Certain amounts included in the 2016 consolidated balance sheets have been reclassified to conform to the 2017 financial statement presentation as follows: The Company has reclassified other long term assets of $33,819,419 for the year ended December 31, 2016 to advances to suppliers in long term assets. As a result of such reclassification, other long term assets for the year ended December 31, 2016 has changed from $42,091,371 to $8,271,952.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NOTE 7 – NEW ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements that the Company has adopted or may be required to adopt in the future are summarized below: In January 2017, the FASB issued ASU No. 2017-1 “Topic 805, Business Combinations: Clarifying the Definition of a Business”. The amendments in this update provide a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. This screen reduces the number of transactions that need to be further evaluated. The amendments in this update affect all reporting entities that must determine whether they have acquired or sold a business. Public business entities should apply the amendments in this update to annual periods beginning after December 15, 2017, including interim periods within those periods. All other entities should apply the amendments to annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. We do not expect the adoption of ASU 2017-1 to have a material impact on our consolidated financial statements.

Concentrations

Concentrations	3 Months Ended
	Mar. 31, 2017
Concentrations [Abstract]
CONCENTRATIONS	NOTE 8 – CONCENTRATIONS (a) Customers For the three-month periods ended March 31, 2017 and March 31, 2016, the Company’s major customers, each of whom accounted for more than 10% of the Company’s consolidated revenue, were as follows: Sales Accounts Receivable Three Months Three Months Ended Ended March 31, March 31, March 31, December 31, Major Customers 2017 2016 2017 2016 Yongkang Dingji Import & Export Co., Ltd., 32 % 1 % Jinhua Chaoneng Automobile Sales Co. Ltd. 32 % 59 % 15 % 19 % Kandi Electric Vehicles Group Co., Ltd. 31 % 26 % 37 % 53 % (b) Suppliers For the three-month periods ended March 31, 2017 and March 31, 2016, 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 Three Months Ended Ended March 31, March 31, March 31, December 31, Major Suppliers 2017 2016 2017 2016 Dongguan Chuangming Battery Technology Co., Ltd. 38 % 47 % 23 % 22 % Zhejiang Tianneng Energy Technology Co., Ltd. 20 % 32 % 15 % 15 %

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 9 – EARNINGS PER SHARE The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the reporting period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options, warrants and convertible notes (using the if-converted method). For the three months ended March 31, 2017 and March 31, 2016, the average number of potentially dilutive common shares was 0 and 17,910, respectively. The potential dilutive common shares as at the three months ended March 31, 2017 and March 31, 2016, were 4,400,000 and 5,849,419 shares respectively. The following is the calculation of earnings per share: For three months ended March 31, 2017 2016 Net (Loss) income $ (24,153,435 ) $ 88,420 Weighted average shares used in basic computation 47,732,388 47,009,834 Dilutive shares – 17,910 Weighted average shares used in diluted computation 47,732,388 47,027,744 Earnings per share: Basic $ (0.51 ) $ 0.00 Diluted $ (0.51 ) $ 0.00

Accounts Receivable

Accounts Receivable	3 Months Ended
	Mar. 31, 2017
Accounts Receivable/Notes Receivable [Abstract]
ACCOUNTS RECEIVABLE	NOTE 10 – ACCOUNTS RECEIVABLE Accounts receivable are summarized as follows: March 31, December 31, 2017 2016 Accounts receivable $ 34,053,585 $ 32,394,613 Less: Provision for doubtful debts – – Accounts receivable, net $ 34,053,585 $ 32,394,613

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventories [Abstract]
INVENTORIES	NOTE 11 – INVENTORIES Inventories are summarized as follows: March 31, December 31, 2017 2016 Raw material $ 4,623,141 $ 2,529,149 Work-in-progress 2,799,983 1,786,087 Finished goods 7,784,468 8,014,671 Total inventories 15,207,592 12,329,907 Less: provision for slow moving inventories (464,950 ) (415,797 ) Inventories, net $ 14,742,642 $ 11,914,110

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2017
Accounts Receivable/Notes Receivable [Abstract]
NOTES RECEIVABLE	NOTE 12 – NOTES RECEIVABLE Notes receivable from the JV Company and related parties as of March 31, 2017, and December 31, 2016, are summarized as follows: March 31, December 31, 2017 2016 Notes receivable as below: Bank acceptance notes 1,329,481 400,239 Notes receivable $ 1,329,481 $ 400,239 Details of notes receivable from the JV Company and related parties as of March 31, 2017, are as set forth below: Index Amount ($) Counter party Relationship Nature Manner of settlement 1 1,329,481 Kandi Electric Vehicles Group Co., Ltd. Join Venture of the Company Payments for sales Not due Details of notes receivable from the JV Company and related parties as of December 31, 2016, are as set forth below: Index Amount ($) Counter party Relationship Nature Manner of settlement 1 400,239 Kandi Shanghai Subsidiary of the JV Company Payments for sales Not due

Plants and Equipment

Plants and Equipment	3 Months Ended
	Mar. 31, 2017
Plants and Equipment [Abstract]
PLANTS AND EQUIPMENT	NOTE 13 – PLANTS AND EQUIPMENT Plants and equipment as of March 31, 2017 and December 31, 2016, consisted of the following: March 31, December 31, 2017 2016 At cost: Buildings $ 13,081,653 $ 12,977,465 Machinery and equipment 7,193,441 8,585,666 Office equipment 480,556 475,162 Motor vehicles 346,596 321,207 Molds 26,675,932 26,463,472 47,778,178 48,822,972 Less : Accumulated depreciation Buildings $ (4,091,010 ) $ (3,948,909) Machinery and equipment (6,734,311 ) (8,107,884 ) Office equipment (235,012) (216,226) Motor vehicles (281,595 ) (274,197 ) Molds (22,108,077) (21,031,086) (33,450,005) (33,578,302) Less: provision for impairment for fixed assets (50,631) (50,228) Plants and equipment, net $ 14,277,542 $ 15,194,442 As of March 31, 2017 and December 31, 2016, the net book value of plants and equipment pledged as collateral for bank loans was $8,839,153 and $8,875,111, respectively. Depreciation expenses for the three months ended March 31, 2017 and March 31, 2016 were $1,064,568 and $1,132,732, respectively.

Land Use Rights

Land Use Rights	3 Months Ended
	Mar. 31, 2017
Land Use Rights [Abstract]
LAND USE RIGHTS	NOTE 14 – LAND USE RIGHTS The Company’s land use rights as of March 31, 2017 and December 31, 2016, consisted of the following: March 31, December 31, 2017 2016 Cost of land use rights $ 14,394,930 $ 14,280,282 Less: Accumulated amortization (2,604,180 ) (2,504,562 ) Land use rights, net $ 11,790,750 $ 11,775,720 As of March 31, 2017, and December 31, 2016, the net book value of land use rights pledged as collateral for the Company’s bank loans was $8,670,447 and $8,660,097, respectively. Also see Note 16. The amortization expenses for the three months ended March 31, 2017 and March 31, 2016, were $79,538 and $69,987, respectively. Amortization expenses for the next five years and thereafter is as follows: 2017(Nine Months) $ 238,614 2018 318,152 2019 318,152 2020 318,152 2021 318,152 Thereafter 10,279,528 Total $ 11,790,750

Construction-in-Progress

Construction-in-Progress	3 Months Ended
	Mar. 31, 2017
Construction In Progress [Abstract]
CONSTRUCTION-IN-PROGRESS	NOTE 15 – CONSTRUCTION-IN-PROGRESS Hainan Facility In April 2013, the Company signed an agreement with the Wanning city government in Hainan Province to invest a total of RMB 1 billion to establish a factory in Wanning to manufacture 100,000 EVs annually. Also in 2013, the Company contracted with an unrelated third party supplier, Nanjing Shangtong Auto Technologies Co., Ltd. (“Nanjing Shangtong”), to purchase a production line in connection with the manufacturing facility and to help develop a new EV model. In January 2016, the Hainan Province government implemented a development plan to centralize manufacturing in certain designated industry parks. As a result, the Wanning facility was relocated from Wanning City to the Haikou City high-tech zone. Based on our agreement with the government, all the expenses and lost assets resulting from the relocation were compensated for by the local government. As a result of the relocation, the contracts to build the manufacturing facility had to be revised in terms of total contract amount, technical requirements, completion milestones and others for the new construction site in Haikou. Because of this change, part of the construction-in-progress previously recorded was transferred back to the advances to suppliers in accordance with the revised contract terms and technical requirements. The Hainan facility is currently under construction and is expected to be ready for trial production in the middle of 2017. No depreciation is provided for CIP until such time as the Hainan facility is completed and placed into operation. The contractual obligations under CIP of the Company as of March 31, 2017 are as follows: Total in CIP as of Total March 31, Estimate to contract Project 2017 complete amount Kandi Hainan facility $ 36,779,576 $ 37,781,322 $ 74,560,898 Total $ 36,779,576 $ 37,781,322 $ 74,560,898 As of March 31, 2017, and December 31, 2016, the Company had CIP amounting to $36,779,576 and $27,054,181, respectively. $507,944 and $0 of interest expense has been capitalized for CIP for three months ended March 31, 2017 and 2016, respectively.

Short -Term and Long-Term Bank

Short -Term and Long-Term Bank Loans	3 Months Ended
	Mar. 31, 2017
Short -Term and Long-Term Bank Loans / Notes payable [Abstract]
SHORT -TERM AND LONG-TERM BANK LOANS	NOTE 16 – SHORT -TERM AND LONG-TERM BANK LOANS Short-term loans are summarized as follows: March 31, December 31, 2017 2016 Loans from China Ever-bright Bank Interest rate of 4.698% per annum, due on April 21, 2017, paid off on April 20, 2017, secured by the assets of the Company, guaranteed by Mr. Hu Xiaoming and his wife. Also see Note 13 and Note 14. 11,319,884 11,229,727 Loans from Hangzhou Bank Interest rate of 4.35% per annum, due on October 12, 2017, secured by the assets of the Company. Also see Note 13 and Note 14. 7,082,184 7,025,778 Interest rate of 4.35% per annum, due July 3, 2017, secured by the assets of the Company. Also see Note 13 and Note 14. 10,478,149 10,394,696 Interest rate of 4.35% per annum, paid off on March 23, 2017, secured by the assets of the Company. Also see Note 13 and Note 14. 5,614,864 Interest rate of 4.35% per annum, due March 26, 2018, secured by the assets of the Company. Also see Note 13 and Note 14. 3,483,041 Loans from Individual Third Party Interest rate of 12% per annum 145,127 $ 32,508,385 34,265,065 Long-term loans are summarized as follows: March 31, December 31, 2017 2016 Loans from Haikou Rural Credit Cooperative Interest rate of 7% per annum, due on December 12, 2021, guaranteed by Kandi Vehicle and Kandi New Energy. 29,025,343 28,794,172 $ 29,025,343 28,794,172 The interest expense of short-term and long-term bank loans for the three months ended March 31, 2017, and 2016 was $614,453 and $442,079, respectively. As of March 31, 2017, the aggregate amount of short-term and long-term loans guaranteed by various third parties was $0.

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2017
Short -Term and Long-Term Bank Loans / Notes payable [Abstract]
NOTES PAYABLE	NOTE 17 – NOTES PAYABLE By issuing bank notes payable rather than paying cash to suppliers, the Company can defer payments until the bank notes payable are due. Depending on bank requirements, the Company may need to deposit restricted cash in banks to back up the bank notes payable, while the restricted cash deposited in the banks will generate interest income. Notes payable for March 31, 2017 and December 31, 2016 were summarized as follows: March 31, December 31, 2017 2016 Bank acceptance notes: $ $ Due March 22, 2017 400,239 Due March 29, 2017 1,439,709 Due June 21, 2017 1,451,267 1,439,709 Due July 6, 2017 1,161,014 Due July 20, 2017 870,760 Other Notes Payable: Due May 6, 2017 2,942,967 11,517,669 Due July 18, 2017 5,805,069 Due September 2, 2017 2,176,901 Due December 31, 2017 4,353,802 Total $ 18,761,779 $ 14,797,325 A bank acceptance note is a promised future payment, or time draft, which is accepted and guaranteed by a bank and drawn on a deposit at the bank. The banker’s acceptance specifies the amount of the funds, the date, and the person to which the payment is due. After acceptance, the draft becomes an unconditional liability of the bank, but the holder of the draft can sell (exchange) it for cash at a discount to a buyer who is willing to wait until the maturity date for the funds in the deposit. $3,483,041 and $3,279,656 were held as collateral for the notes payable as of March 31, 2017, and December 31, 2016, respectively. As is common business practice in the PRC, the Company issues notes payable to its suppliers as settlement for accounts payable.

Taxes

Taxes	3 Months Ended
	Mar. 31, 2017
Taxes [Abstract]
TAXES	NOTE 18 – 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, Kandi Vehicles qualifies as a High and New Technology Enterprise (“HNTE”) company in the PRC, and is entitled to pay a reduced income tax rate of 15% for the years presented, which reduced rate will expire in 2017. An entity may re-apply for an HNTE certificate when the prior certificate expires. Historically, Kandi Vehicles has successfully re-applied for such certificates when the its prior certificates expired. The applicable CIT rate of each of the Company’s three other subsidiaries, Kandi New Energy, Yongkang Scrou and Kandi Hainan, the JV Company and its subsidiaries, and the Service Company is 25%. After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s final effective tax rate for March 31, 2017, and 2016 was 16.51% and 103.47%, respectively. The effective tax rates for each of the periods mentioned above are disclosed in the summary table of income tax expenses for March 31, 2017 and 2016. Effective January 1, 2007, the Company adopted the guidance in ASC 740 related to uncertain tax positions. The guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, 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, 2017, 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 for years after 2006. 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, 2017, 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, 2017, the Company has no accrued interest or penalties related to uncertain tax positions. The Company has not recorded a provision for U.S. federal income tax for three months ended March 31, 2017, due to a net operating loss in 2016 and an accumulated net operating loss carry forward from prior years in the United States. Income tax expenses for the three months ended March 31, 2017 and 2016 are summarized as follows: For Three Months Ended March 31, (Unaudited) 2017 2016 Current: Provision for CIT $ – $ 1,761,153 Provision for Federal Income Tax – Deferred: Provision for CIT (4,775,997 ) (4,397,828 ) Income tax expenses (benefit) $ (4,775,997 ) $ (2,636,675 ) The Company’s income tax expenses differ from the “expected” tax expenses for three months ended March 31, 2017 and 2016 (computed by applying the U.S. Federal Income Tax rate of 34% and the PRC CIT rate of 25%, respectively, to income before income taxes) as follows: For Three Months Ended March 31, (Unaudited) 2017 2016 Expected taxation at PRC statutory tax rate $ (7,232,358 ) (637,064 ) Effect of differing tax rates in different jurisdictions (243,494 ) (703,686 ) Non-taxable income – – Non-deductible expenses 776,485 763,369 Research and development super-deduction (15,219 ) (21,993 ) Under-accrued EIT for previous years – – Effect of PRC preferential tax rates 1,011,300 (91,215 ) Addition to valuation allowance 919,923 (1,946,086 ) Other 7,367 – Income tax expenses (benefit) $ (4,775,997 ) (2,636,675 ) The tax effects of temporary differences that give rise to the Company’s net deferred tax assets and liabilities as of March 31, 2017 and December 31, 2016 are summarized as follows: March 31, December 31, 2017 2016 Deferred tax assets: Sales cut-off difference derived from Value Added Tax reporting system to calculate PRC Corporation Income Tax in accordance with the PRC State Administration of Taxation $ – $ – Expense 774,728 72,742 Depreciation 217,195 230,156 Loss carried forward 31,006,226 28,107,972 less: valuation allowance (26,568,638 ) (27,709,850 ) Total deferred tax assets,net of valuation allowance 5,429,512 701,021 Deferred tax liabilities: Sales cut-off difference derived from Value Added Tax reporting system to calculate PRC Corporation Income Tax in accordance with the PRC State Administration of Taxation – – Expense 1,650,797 1,698,303 Depreciation – – Other – – Accumulated other comprehensive gain – – Total deferred tax liability 1,650,797 1,698,303 Net deferred tax assets (liabilities) $ 3,778,715 $ (997,282 ) As of March 31, 2017 the Company had cumulative net losses of approximately $78.14 million, $0.00 and $18.41 million deriving from entities in the United States, Hong Kong, and the PRC respectively. The cumulative net loss in the PRC and the United States can be carried forward for five years, to offset future net profits for income tax purposes. The cumulative net loss of entities in the PRC and the United States will begin to expire in 2022 if not utilized. The cumulative net loss in Hong Kong can be carried forward without an expiration date. Income (loss) before income taxes from PRC and non-PRC sources for the three months ended March 31, 2017 and 2016 are summarized as follows: For Three Months Ended March 31, (Unaudited) 2017 2016 Income(loss) before income taxes consists of: PRC $ (27,250,721 ) $ 1,254,848 Non-PRC (1,678,711 ) (3,803,103 ) Total $ (28,929,432 ) $ (2,548,255) Net change in the valuation allowance of deferred tax assets are summarized as follows: Net change of valuation allowance of deferred tax assets Balance at December 31, 2016 26,820,811 Additions-change to tax expense 919,923 Deduction-expired of loss carried forward 1,172,096 Balance at March 31, 2017 26,568,638 (b) Tax Holiday Effect For the three months ended March 31, 2017, and 2016, 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, 2017 and 2016. The combined effects of income tax expense exemptions and reductions available to the Company for three months ended March 31, 2017 and 2016 are as follows: For Three Months Ended March 31, 2017 2016 Tax benefit (holiday) credit $ (15,219 ) $ (113,208 ) Basic net income per share effect $ 0.000 $ (0.002 )

Stock Options and Warrants

Stock Options and Warrants	3 Months Ended
	Mar. 31, 2017
Stock Options and Warrants [Abstract]
STOCK OPTIONS AND WARRANTS	NOTE 19 – STOCK OPTIONS AND WARRANTS (a) Stock Options On May 29, 2015, the Compensation Committee of the Board of Directors of the Company approved the grant of stock options to purchase 4,900,000 shares of the Company’s common stock, at an exercise price of $9.72 per share, to the Company’s directors, officers and senior employees. The stock options will vest ratably over three years and expire on the tenth anniversary of the grant date. The Company valued the stock options at $39,990,540 and will amortize the stock compensation expense using the straight-line method over the service period from May 29, 2015, through May 29, 2018. The value of the stock options was estimated using the Black Scholes Model with an expected volatility of 90%, an expected life of 10 years, a risk-free interest rate of 2.23% and an expected dividend yield of 0.00%. There were $1,133,519 in stock compensation expenses associated with stock options booked as of March 31, 2017. The following is a summary of the stock option activities of the Company: Weighted Average Number of Exercise Shares Price Outstanding as of January 1, 2016 4,900,000 $ 9.72 Granted – – Exercised – – Cancelled – – Forfeited (333,333 ) 9.72 Outstanding as of January 1, 2017 4,566,667 9.72 Granted – – Exercised – – Cancelled – – Forfeited (166,667 ) 9.72 Outstanding as of March 31, 2017 4,400,000 $ 9.72 The fair value of each of the 4,900,000 options issued to the employees and directors on May 29, 2015 is $8.1613 per share. (b) Warrants As of March 31, 2017 and December 31, 2016, all the Warrants had been exercised and the derivative liability relating to the warrants issued to the investors and a placement agent was $0.

Stock Award

Stock Award	3 Months Ended
	Mar. 31, 2017
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”), and as compensation, the Board authorized the Company to provide Mr. Henry Yu with 5,000 shares of Company’s restricted common stock every six months, beginning in July 2011. As compensation for Mr. Jerry Lewin’s service as a member of the Board, the Board authorized the Company to provide 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 service as the Company’s investor relation officer, the Board authorized the Company to provide Ms. Kewa Luo with 5,000 shares of Company’s common stock every six months, beginning in September 2013. In November 2016, the Company entered into a three-year employment agreement with Mr. Mei Bing, who is now the Company’s Chief Financial Officer. Under the agreement, Mr. Mei Bing is entitled to receive an aggregate of 10,000 shares of common stock each year, vested in four equal quarterly installments of 2,500 shares. The fair value of stock awards based on service is determined based on the closing price of the common stock on the date the shares are approved by the Board for grant. The compensation costs for awards of common stock are recognized over the requisite service period of three or six months. 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, comprising a total of 335,000 shares of common stock for each fiscal year, beginning with the 2013 fiscal year, under the Company’s 2008 Omnibus Long-Term Incentive Plan (the “2008 Plan”), if the Company’s “Non-GAAP Net Income” for the current fiscal year increased by 10% comparing to that of the prior year. The specific number of shares of common stock to be issued in respect of such award could proportionally increase or decrease if the actual Non-GAAP Net Income increase is more or less than 10%. “Non-GAAP Net Income” means the Company’s net income for a particular year calculated in accordance with GAAP, excluding option-related expenses, stock award expenses, and the effects caused by the change of fair value of financial derivatives. For example, if Non-GAAP Net Income for the 2014 fiscal year increased by 10% compared to the Non-GAAP Net Income for the 2013 fiscal year, the selected executives and other key employees each would be granted his or her target amount of common stock of the Company. If Non-GAAP Net Income in 2014 is less than Non-GAAP Net Income in 2013, then no common stock would be granted. If Non-GAAP Net Income in 2014 increased compared to Non-GAAP Net Income in 2013 but the increase is less than 10%, then the target amount of the common stock grant would be proportionately decreased. If Non-GAAP Net Income in 2014 increased compared to Non- GAAP Net Income in 2013 but the increase is more than 10%, then the target amount of the common stock grant would be proportionately increased up to 200% of the target amount. Any such increase in the grant would be subject to the total number of shares available under the 2008 Plan, and the Company’s Board and shareholders will need to approve any increase in the number of shares reserved under the 2008 Plan if all the shares originally reserved are granted. On May 20, 2015, the shareholders of the Company approved an increase of 9,000,000 shares under the 2008 Plan at its annual meeting. 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 reduce the total number of shares of common stock of the stock award for selected executives and key employees from 335,000 shares of common stock to 250,000 shares of common stock for each fiscal year, with the other terms remaining the same. On February 13, 2017, the Board of Directors authorized the Company to grant 246,900 shares of common shares to certain management members as compensation for their past services under the 2008 Plan. 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. Stock-based compensation expenses are calculated based on grant date fair value and number of awards expected to be earned at the end of each quarter and recognized in the quarter. In subsequent periods, stock-based compensation expenses are adjusted based on grant date fair value and the change of number of awards expected to be earned. Final stock-based compensation expenses for the year are calculated based on grant date fair value and number of awards earned for the year and recognized at the end of year. As of March 31, 2017 and 2016, the Company recognized $1,059,950 and $755,301 of employee stock award expenses under General and Administrative Expenses, respectively.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2017
Intangible Assets [Abstract]
INTANGIBLE ASSETS	NOTE 21 – INTANGIBLE ASSETS 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 2017 2016 Gross carrying amount: Trade name 4.25 years $ 492,235 $ 492,235 Customer relations 4.25 years 304,086 304,086 796,321 796,321 Less : Accumulated amortization Trade name $ (249,502 ) $ (236,815 ) Customer relations (154,132 ) (146,295 ) (403,634 ) (383,110 ) Intangible assets, net $ 392,687 $ 413,211 The aggregate amortization expenses for those intangible assets that continue to be amortized is reflected in amortization of intangible assets in the Consolidated Statements of Income and Comprehensive Income and were $20,524 and $20,524 for the three months ended March 31, 2017 and 2016, respectively. Amortization expenses for the next five years and thereafter are as follows: 2017 (nine months) $ 61,571 2018 82,095 2019 82,095 2020 82,095 2021 82,095 Thereafter 2,736 Total $ 392,687

Summarized Information of Equit

Summarized Information of Equity Method Investment in the JV Company	3 Months Ended
	Mar. 31, 2017
Summarized Information Of Equity Method Investment [Abstract]
SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE JV COMPANY	NOTE 22 – SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE JV COMPANY The Company’s consolidated net income includes the Company’s proportionate share of the net income or loss of the Company’s equity method investees. When the Company records its proportionate share of net income in such investees, it increases equity income (loss) – net in the Company’s consolidated statements of income and the Company’s carrying value in that investment. Conversely, when the Company records its proportionate share of a net loss in such investees, it decreases equity income (loss) – net in the Company’s consolidated statements of income and the Company’s carrying value in that investment. All intra-entity profits and losses with the Company’s equity method investees have been eliminated. In March 2013, pursuant to a joint venture agreement (the “JV Agreement”) entered into between Kandi Vehicles and Shanghai Maple Guorun Automobile Co., Ltd. (“Shanghai Guorun”), a 99%-owned subsidiary of Geely Automobile Holdings Ltd. (“Geely”), the parties established Zhejiang Kandi Electric Vehicles Co., Ltd. (the “JV Company”) to develop, manufacture and sell electric vehicles (“EVs”) and related auto parts. Each of Kandi Vehicles and Shanghai Guorun has a 50% ownership interest in the JV Company. In order to improve JV Company’s development, Zhejiang Geely Holding Group, the parent company of Geely, became the direct holding company of the JV Company on October 26, 2016, by purchasing the 50% in the JV Company held by Shanghai Guorun at a purchase price exceeding the cash amount of the aggregate of the original investment and past shared profits. In the fourth quarter of 2013, Kandi Vehicles entered into an ownership transfer agreement with the JV Company pursuant to which Kandi Vehicles transferred 100% of its ownership in Kandi Changxing to the JV Company. As a result, the Company now has a 50% indirect economic interest in Kandi Changxing through its 50% ownership interest in the JV Company. In November 2013, Kandi Electric Vehicles Jinhua Co., Ltd. (“Kandi Jinhua”) was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jinhua, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua. In November 2013, Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd. (“JiHeKang”) was formed by the JV Company. The JV Company has a 100% ownership interest in JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang. In December 2013, the JV Company entered into an ownership transfer agreement with Shanghai Guorun pursuant to which the JV Company acquired 100% of the ownership of Kandi Electric Vehicles (Shanghai) Co., Ltd. (“Kandi Shanghai”). As a result, Kandi Shanghai is now a wholly-owned subsidiary of the JV Company, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Shanghai. In January 2014, Kandi Electric Vehicles Jiangsu Co., Ltd. (“Kandi Jiangsu”) was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jiangsu, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jiangsu. In July 2013, Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. (the “Service Company”) was formed. The JV Company had a 19% ownership interest in the Service Company. In March 2014, the JV Company changed its name to Kandi Electric Vehicles Group Co., Ltd., and in August 2015, the JV Company transferred its shares of the Service Company to Shanghai Guorun and Kandi Vehicles for 9.5% respectively. As the result, the JV Company no longer has any ownership in the Service Company. In November 2015, Hangzhou Puma Investment Management Co., Ltd. (“Puma Investment”) was formed by the JV Company. The JV Company has a 50% ownership interest in Puma Investment and the Company, indirectly through its 50% ownership interest in the JV Company, has a 25% economic interest in Puma Investment. In November 2015,Hangzhou JiHeKang Electric Vehicle Service Co., Ltd. (“JiHeKang Service Company”) was formed by the JV Company. The JV Company has a 100% ownership interest in JiHeKang Service Company and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang Service Company. In August 2016, Jiangsu JiDian Electric Vehicle Sales Co., Ltd. (“Jiangsu JiDian”) was formed by JiHeKang. Jiangsu JiDian is engaged in the car sales business. Because JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Jiangsu JiDian, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Jiangsu JiDian. In October 2016, JiHeKang acquired Tianjin BoHaiWan Vehicle Sales Co., Ltd. (“Tianjin BoHaiWan”). Tianjin BoHaiWan is engaged in the car sales business. Because JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Tianjin BoHaiWan, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Tianjin BoHaiWan. In November 2016, Changxing Kandi Vehicle Maintenance Co., Ltd. (“Changxing Maintenance”) was formed by Kandi Changxing. Changxing Maintenance is engaged in the car repair and maintenance business. Because Kandi Changxing is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Changxing Maintenance, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance In March 2017, Hangzhou Liuchuang Electric Vehicle Technology Co., Ltd.(“Liuchuang”) was formed by Kandi Jiangsu. Since Kandi Jiangsu is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Liuchuang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Liuchuang. As of March 31, 2017, the JV Company consolidated its interests in the following entities on its financial statements: (1) its 100% interest in Kandi Changxing; (2) its 100% interest in Kandi Jinhua; (3) its 100% interest in JiHeKang; (4) its 100% interest in Kandi Shanghai; (5) its 100% interest in Kandi Jiangsu; (6) its 100% interest in JiHeKang Service; (7) its 100% interest in Jiangsu JiDian; (8) its 100% interest inTianjin BoHaiWan; (9) its 100% interest in Changxing Maintenance; and (10) its 100% interest in Liuchuang. The Company accounted for its investments in the JV Company under the equity method of accounting because the Company has a 50% ownership interest in the JV Company. As a result, the Company’s consolidated net income for the three months ended March 31, 2017, and 2016, included equity income from the JV Company during such periods. The combined results of operations and financial position of the JV Company are summarized below: Three months ended March 31, 2017 2016 Condensed income statement information: Net sales $ 1,277,619 $ (495,567 ) Gross loss (336,757 ) (1,062,647 ) Net loss (10,607,728 ) (8,068,447 ) Company’s equity in net income of the JV $ (5,303,864 ) $ (4,034,224 ) March 31, December 31, 2017 2016 Condensed balance sheet information: Current assets $ 507,244,372 $ 514,958,008 Noncurrent assets 175,934,717 177,563,800 Total assets $ 683,179,089 $ 692,521,808 Current liabilities 497,169,688 505,356,626 Noncurrent liabilities 40,018,692 31,817,560 Equity 145,990,709 155,347,622 Total liabilities and equity $ 683,179,089 $ 692,521,808 For the three months ended March 31, 2017, and 2016, the JV Company’s revenues were primarily derived from the sales of EV parts and services in China. Because the Company has a 50% ownership interest in the JV Company and accounted for its investments in the JV Company under the equity method of accounting, the Company did not consolidate the JV Company’s financial results, but rather included equity income from the JV Company during such periods. Note: The following table illustrates the captions used in the Company’s Income Statements for its equity based investment in the JV Company. The Company’s equity method investments in the JV Company for the three months ended March 31, 2017 and 2016 are as follows: Three Months ended March 31, 2017 2016 Investment in the JV Company, as of the beginning of the period, $ 77,453,014 $ 90,337,899 Share of profit (loss) (5,303,864 ) (4,034,224 ) Intercompany transaction elimination (80,495 ) (789,329 ) Year 2016 unrealized profit realized 222,646 1,083 Exchange difference 623,586 519,013 Investment in the JV Company, end of the period $ 72,914,887 $ 86,034,442 Sales to the Company’s customers, the JV Company and its subsidiaries, for the three months ended March 31, 2017, were $1,311,642 or 31% of the Company’s total revenue, a decrease of 90.3% from the same quarter last year. Sales to the JV Company and its subsidiaries were primarily of battery packs, body parts, EV drive motors, EV controllers, air conditioning units and other auto parts. The breakdown of sales to the JV Company and its subsidiaries is as follows: Three Months ended March 31, 2017 2016 JV Company $ 1,311,642 $ 13,085,636 Kandi Changxing – 160,597 Kandi Shanghai – 158,201 Kandi Jinhua – 52,264 Kandi Jiangsu – 18,277.00 Total sales to JV $ 1,311,642 $ 13,474,975 The following tables summarizes the effects of sale and purchase transactions with the JV Company: Three Months ended March 31, 2017 2016 Sales to the JV Company $ 1,311,642 $ 13,474,975 Purchases from the JV Company $ – $ – As of March 31, 2017 and December 31, 2016, the amount due from (to) the JV Company and its subsidiaries, net, was $130,463,405 and $136,536,159, respectively, of which the majority were balances with the JV Company, Kandi Jinhua, Kandi Changxing, Kandi Jiangsu and Kandi Shanghai. The breakdown is as below: March 31, December 31, 2017 2016 Kandi Shanghai $ 124,533 $ 281,657 Kandi Changxing 16,270,434 16,359,155 Kandi Jinhua 5,091,073 5,050,525 Kandi Jiangsu 355,084 352,587 JV Company 108,622,281 114,492,235 Consolidated JV Company and subsidiaries $ 130,463,405 $ 136,536,159 The amounts due from the JV Company include six short-term loans in the total amount of $42,812,382 that Kandi Vehicles lent to the JV Company. Each such loan carries an annual interest rate of 4.35%.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 23 – COMMITMENTS AND CONTINGENCIES Guarantees and pledged collateral for bank loans to other parties As of March 31, 2017, and December 31, 2016, the Company provided guarantees for the following parties: (1) Guarantees for bank loans March 31, December 31, Guarantees provided to: 2017 2016 Zhejiang Shuguang industrial Co., Ltd. 4,208,675 4,175,155 Nanlong Group Co., Ltd. 2,902,534 2,879,417 Kandi Electric Vehicles Group Co., Ltd. 47,166,183 46,790,530 Total $ 54,277,392 $ 53,845,102 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 loan in the amount of $2,902,534 from Shanghai Pudong Development Bank Jinhua Branch, with a related loan period of March 15, 2013, to March 15, 2016. NGCL is not related to the Company, but it has provided guarantees for the Company in the past. Under this guarantee contract, the Company agreed to perform all the obligations of NGCL under the loan contract if NGCL fails to perform its obligations as set forth therein. On July 20, 2016, the Company entered into a guarantee contract to serve as the guarantor for the JV Company for bank loans in the aggregate amount of $10,884,504 from Bank of China, with a related loan period of July 20, 2016 to July 19, 2017. Under this guarantee contract, the Company agreed to perform all the obligations of the JV Company under the loan contract if the JV Company fails to perform its obligations as set forth therein. On September 29, 2015, the Company entered into a guarantee contract to serve as the guarantor of Zhejiang Shuguang Industrial Co., Ltd. (“ZSICL”) for a bank loan in the amount of $4,208,675 from Ping An Bank, with a related loan period of September 29, 2015, to September 28, 2016. ZSICL is not related to the Company. Under this guarantee contract, the Company agreed to perform all the obligations of ZSICL under the loan contract if ZSICL fails to perform its obligations as set forth therein. Because ZSICL defaulted on the loan interest, Ping An Bank brought a lawsuit against ZSICL, the Company and three other parties, and a court ruling was issued in December 2016 to order ZSICL to repay the principal and interest of the bank loan to Ping An Bank, with the Company and three other parties assuming joint liability for the default. ZSICL and the Company appealed the ruling results on February 6, 2017, and the court rejected the appeal on March 29, 2017. As of March 31, 2017, the Company has an accrued liability of approximately $4.6 million for estimated contingent losses in connection with this matter. On December 14, 2015, the Company entered into a guarantee contract to serve as the guarantor for the JV Company for bank loans in the aggregate amount of $36,281,679 from China Import & Export Bank with a related loan period of December 14, 2015, to December 13, 2016, which was extended to September 14, 2017. Under this guarantee contract, the Company agreed to perform all the obligations of the JV Company under the loan contract if the JV Company fails to perform its obligations as set forth therein. All guarantee periods are two years from the date of expiry of the debt performance under the principal loan contracts. (2) Pledged collateral for bank loans to other parties. As of March 31, 2017 and December 31, 2016, none of the Company’s land use rights or plants and equipment were pledged as collateral securing bank loans to other parties. Contingencies As of March 31, 2017 and December 31, 2016, our loss contingencies are summarized as follow: March 31, December 31, Loss contingencies – litigation 2017 2016 Zhejiang Shuguang industrial Co., Ltd. $ 4,620,488 $ - Total $ 4,620,488 $ -

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 24 – SEGMENT REPORTING The Company has one operating segment. The Company’s revenue and long-lived assets are primarily derived from and located in China. The Company only has operations in China. The following table sets forth revenues by geographic area: Three Months Ended 2017 2016 Sales Revenue Percentage Sales Revenue Percentage Overseas $ 1,516,164 35 % $ 621,722 1 % China 2,758,409 65 % 50,036,170 99 % Total 4,274,573 100 % $ 50,657,893 100 %

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 25 – Related Party Transactions The Board must approve all related party transactions. All material related party transactions will be made or entered into on terms that are no less favorable to the Company than can be obtained from unaffiliated third parties. The following table lists sales to related parties for the three months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 The Service Company – 3,208,502 Total $ – 3,208,502 The details for amounts due from related parties (other than the JV Company) as of March 31, 2017 and December 31, 2016 were as below: March 31, December 31, 2017 2016 The Service Company 10,568,992 10,484,816 Total due from related parties $ 10,568,992 10,484,816 The Company has a 9.5% ownership interest in the Service Company and Mr.Hu, Chairman and CEO of the Company, has a 13% ownership interest in the Service Company. The main transactions between the Company and the Service Company are purchases by the Service Company of batteries and EV parts. For transactions with the JV Company, please refer to Note 22.

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Economic and Political Risks	(a) Economic and Political Risks The Company’s operations are conducted in China. As a result, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in China, and by the general state of the Chinese economy. In addition, the Company’s earnings are subject to movements in foreign currency exchange rates when transactions are denominated in Renminbi (“RMB”), which is the Company’s functional currency. Accordingly, the Company’s operating results are affected by changes in the exchange rate between the U.S. dollar and the RMB. The Company’s operations in China are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s performance may be adversely affected by changes in the political and social conditions in China, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.
Fair Value of Financial Instruments	(b) Fair Value of Financial Instruments ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1—defined as observable inputs such as quoted prices in active markets; Level 2—defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3—defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments primarily consist of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, other receivables, accounts payable, other payables and accrued liabilities, short-term bank loans, notes payable, and warrants. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, other receivables, accounts payable, other payables and accrued liabilities, and notes payable approximate fair value because of the short-term nature of these items. The estimated fair values of short-term bank loans were not materially different from their carrying value as presented due to the brief maturities and because the interest rates on these borrowings approximate those that would have been available for loans of similar remaining maturities and risk profiles. As the carrying amounts are reasonable estimates of fair value, these financial instruments are classified within Level 1 of the fair value hierarchy. The Company identified notes payable as Level 2 instruments due to the fact that the inputs to valuation are primarily based upon readily observable pricing information. The balance of notes payable, which was measured and disclosed at fair value, was $18,761,779 and $14,797,325 at March 31, 2017 and December 31, 2016, respectively. Warrants, which are accounted for as liabilities, are treated as derivative instruments, and are measured at each reporting date for their fair value using Level 3 inputs. The fair value of warrants was $0 at March 31, 2017 and December 31, 2016, respectively. Also see Note 6(t).
Cash and Cash Equivalents	(c) Cash and Cash Equivalents The Company considers highly-liquid investments purchased with original maturities of three months or less to be cash equivalents. Restricted cash, as of March 31, 2017, and December 31, 2016, includes time deposits on account for earning interest income. As of March 31, 2017, and December 31, 2016, the Company’s restricted cash was $14,222,418 and $12,957,377, which includes a one-year Certificate of Time Deposit (CD) of $11,610,137 with Hangzhou Bank Jinhua Branch, of which $5,805,069 will mature on September 29, 2017, and the remainder will mature on October 29, 2017.
Inventories	(d) Inventories Inventories are stated at the lower of cost or net realizable value (market value). The cost of raw materials is determined on the basis of weighted average. The cost of finished goods is determined on the basis of weighted average and comprises direct materials, direct labor and an appropriate proportion of overhead. Net realizable value is based on estimated selling prices less selling expenses and any further costs expected to be incurred for completion. Adjustments to reduce the cost of inventory to net realizable value are made, if required, for estimated excess, obsolescence, or impaired balances.
Accounts Receivable	(e) Accounts Receivable Accounts receivable are recognized and carried at net realizable value. An allowance for doubtful accounts is recorded for periods in which the Company determines a loss is probable, based on its assessment of specific factors, such as troubled collections, historical experience, accounts aging, ongoing business relations and other factors. Accounts are written off after exhaustive collection efforts. If accounts receivable are to be provided for, or written off, they are recognized in the consolidated statement of operations within the operating expenses line item. As of March 31, 2017, and December 31, 2016, the Company had no allowance for doubtful accounts, as per the Company management’s judgment based on their best knowledge. As of March 31, 2017, and December 31, 2016, credit terms with the Company’s customers were typically 210 to 720 days after delivery. The Company extended credit terms with its certain customers to a much longer period as referenced above because of delayed subsidy payments for EV sales from the Chinese government.
Notes receivable	(f) Notes receivable Notes receivable represent short-term loans to third parties with maximum terms of six months. Interest income is recognized according to each agreement between a borrower and the Company on an accrual basis. If notes receivable are paid back, that transaction will be recognized in the relevant year. If notes receivable are not paid back, or are written off, that transaction will be recognized in the relevant year if default is probable, reasonably assured, and the loss can be reasonably estimated. The Company will recognize income if the written-off loan is recovered at a future date. In case of any foreclosure proceedings or legal actions, the Company provides an accrual for the related foreclosure and litigation expenses. The Company also receives notes receivable from the JV Company and other parties to settle accounts receivable. If the Company decides to discount notes receivable for the purpose of receiving immediate cash, the current discount rate is approximately in the range of 2.70% to 6.00% annually. As of March 31, 2017, the Company had notes receivable from JV Company and related parties of $1,329,481, which notes receivable typically mature within 6 months.
Advances to Suppliers	(g) Advances to Suppliers Advance to suppliers represent cash paid in advance to suppliers, and include advances to raw material suppliers, mold manufacturers, and equipment suppliers. As of December 31, 2016, the Company made total advance payments of RMB 744 million (approximately $108 million) to Nanjing Shangtong as an advance to purchase a production line and develop a new EV model for Kandi Hainan. Nanjing Shangtong is a total solution contractor for Kandi Hainan and provides all the equipment and EV product design and research services used by Kandi Hainan. Advances for raw material purchases are typically settled within two months of the Company’s receipt of the raw materials. Prepayment is offset against the purchase price after the equipment or materials are delivered.
Property, Plants and Equipment	(h) Property, Plants and Equipment Property, plants and equipment are carried at cost less accumulated depreciation. Depreciation is calculated over the asset’s estimated useful life using the straight-line method. Leasehold improvements are amortized over the life of the asset or the term of the lease, whichever is shorter. Estimated useful lives are as follows: Buildings 30 years Machinery and equipment 10 years Office equipment 5 years Motor vehicles 5 years Molds 5 years The costs and related accumulated depreciation of assets sold or otherwise retired are eliminated from the Company’s accounts and any gain or loss is included in the statements of income. The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized.
Construction in Progress	(i) Construction in Progress Construction in progress (“CIP”) represents the direct costs of construction and the acquisition costs of buildings or machinery. Capitalization of these costs ceases, and construction in progress is transferred to plants and equipment, when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for until the assets are completed and ready for their intended use. $ 507,944 of interest expenses have been capitalized for CIP as of March 31, 2017.
Land Use Rights	(j) Land Use Rights According to Chinese law, land in China is owned by the government and land ownership rights cannot be sold to an individual or to a private company. However, the Chinese government grants the user a “land use right” to use the land. The land use rights granted to the Company are amortized using the straight-line method over a term of fifty years.
Accounting for the Impairment of Long-Lived Assets	(k) Accounting for the Impairment of Long-Lived Assets The Company periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in Statement of Financial Accounting Standards (“SFAS”) No. 144 (now known as “ASC 360”). The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for The Company recognized no impairment loss during the reporting period.
Revenue Recognition	(l) Revenue Recognition Revenue represents the invoiced value of goods sold. Revenue is recognized when the Company ships the goods to its customers and all of the following criteria are met: ● Persuasive evidence of an arrangement exists; ● Delivery has occurred or services have been rendered; ● The seller’s price to the buyer is fixed or determinable; and ● Collectability is reasonably assured. The Company recognized revenue when the products and the risks they carry are transferred to the other party.
Research and Development	(m) Research and Development Expenditures relating to the development of new products and processes, including improvements to existing products, are expensed as incurred. Research and development expenses were $20,769,732 and $205,968 for the three months ended March 31, 2017, and March 31, 2016, respectively.
Government Grants	(n) Government Grants Grants and subsidies received from the Chinese government are recognized when the proceeds are received or collectible and related milestones have been reached and all contingencies have been resolved. For the three months ended March 31, 2017 and March 31, 2016, respectively, the Company’s subsidiaries recognized $5,067,474 and $194,473 in grants from the Chinese government.
Income Taxes	(o) Income Taxes The Company accounts for income tax using an asset and liability approach, which allows for the recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The accounting for deferred tax calculation represents the Company management’s best estimate of the most likely future tax consequences of events that have been recognized in our financial statements or tax returns and related future anticipation. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization will be uncertain.
Foreign Currency Translation	(p) Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollars. The functional currency of the Company is the Renminbi (RMB). Capital accounts of the consolidated financial statements are translated into United States dollars from RMB at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rate of the reporting period, which rates are obtained from the website: http://www.oanda.com March 31, December 31, March 31, 2017 2016 2016 Period end RMB : USD exchange rate 6.890530 6.94585 6.45080 Average RMB : USD exchange rate 6.888178 6.64520 6.54144
Comprehensive Income	(q) Comprehensive Income Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements. Comprehensive income includes net income and the foreign currency translation changes.
Segments	(r) Segments In accordance with ASC 280-10, Segment Reporting, the Company’s chief operating decision makers rely upon the consolidated results of operations when making decisions about allocating resources and assessing the performance of the Company. As a result of the assessment made by the Company’s chief operating decision makers, the Company has only one operating segment. The Company does not distinguish between markets or segments for the purpose of internal reporting.
Stock Option Expenses	(s) Stock Option Expenses The Company’s stock option expenses are recorded in accordance with ASC 718 and ASC 505. The fair value of stock options is estimated using the Black-Scholes-Merton model. The Company’s expected volatility assumption is based on the historical volatility of the Company’s common stock. The expected life assumption is primarily based on the expiration date of the option. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The recognition of stock option expenses is based on awards expected to vest. ASC standards require forfeitures to be estimated at the time of grant and revised in subsequent periods, if necessary, if actual forfeitures differ from those estimates. The stock-based option expenses for the three months ended March 31, 2017 and March 31, 2016, were $1,133,519 and $6,109,666, respectively. See Note 19. There were no forfeitures estimated during the reporting period.
Warrant Costs	(t) Warrant Costs The Company’s warrant costs are recorded as liabilities in accordance with ASC 480, ASC 505 and ASC 815. We adopted the binomial tree valuation approach to estimate the fair value of the warrants. Using binomial tree valuation approach, it is assumed that the life of the warrant (from Valuation Date to Expiration Date) is typically divided into many steps (or nodes). In each step there is a binomial stock price movement. With more steps, possible stock price paths are implicitly considered. Valuation of the warrant is performed iteratively, starting at each of the final nodes (those that may be reached at the time of expiration), and then working backwards through the tree towards the first node (valuation date). The value computed at each stage is the value of the warrant at that point in time.
Goodwill	(u) Goodwill The Company allocates goodwill from business combinations to reporting units based on the expectation that the reporting unit is to benefit from the business combination. The Company evaluates its reporting units on an annual basis and, if necessary, reassigns goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Application of the goodwill impairment test requires judgments, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and the determination of the fair value of each reporting unit. The Company first assesses qualitative factors to determine whether it is more likely than not that goodwill is impaired. If the more likely than not threshold is met, the Company performs a quantitative impairment test. As of March 31, 2017 and March 31, 2016, the Company determined that its goodwill was not impaired.
Intangible assets	(v) Intangible assets Intangible assets consist of trade names and customer relations associated with the purchase price from the allocation of Yongkang Scrou. Such assets are being amortized over their estimated useful lives of 9.7 years. Intangible assets are amortized as of March 31, 2017. The amortization expenses for intangible assets were $20,524 and $20,524 for the three months ended March 31, 2017 and March 31, 2016, respectively.
Accounting for Sale of Common Stock and Warrants	(w) Accounting for Sale of Common Stock and Warrants Gross proceeds are first allocated according to the initial fair value of the freestanding derivative instruments (i.e. the warrants issued to the Company’s investors in its previous offerings, or the “Investor Warrants”). The remaining proceeds are allocated to common stock. The related issuance expenses, including the placement agent cash fees, legal fees, the initial fair value of the warrants issued to the placement agent and others were allocated between the common stock and the Investor Warrants based on how the proceeds are allocated to these instruments. Expenses related to the issuance of common stock were charged to paid-in capital. Expenses related to the issuance of derivative instruments were expensed upon issuance.
Consolidation of variable interest entities	(x) Consolidation of variable interest entities In accordance with accounting standards regarding consolidation of variable interest entities, or VIEs, VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. The Company has concluded, based on the contractual arrangements, that Kandi New Energy is a VIE and that the Company’s wholly-owned subsidiary, Kandi Vehicles, absorbs a majority of the risk of loss from the activities of this company, thereby enabling the Company, through Kandi Vehicles, to receive a majority of its respective expected residual returns. Additionally, because Kandi New Energy is under common control with other entities, the consolidated financial statements have been prepared as if the transactions had occurred retroactively as to the beginning of the reporting period of these consolidated financial statements. Control and common control are defined under the accounting standards as “an individual, enterprise, or immediate family members who hold more than 50 percent of the voting ownership interest of each entity.” Because the owners collectively own 100% of Kandi New Energy, and have agreed to vote their interests in concert since the establishment of each of these three companies as memorialized the Voting Rights Proxy Agreement, the Company believes that the owners collectively have control and common control of Kandi New Energy. Accordingly, the Company believes that Kandi New Energy was constructively held under common control by Kandi Vehicles as of the time the contractual agreements were entered into, establishing Kandi Vehicles as their primary beneficiary. Kandi Vehicles, in turn, is owned by Continental, which is owned by the Company.
Reclassification	(y) Reclassification Certain amounts included in the 2016 consolidated balance sheets have been reclassified to conform to the 2017 financial statement presentation as follows: The Company has reclassified other long term assets of $33,819,419 for the year ended December 31, 2016 to advances to suppliers in long term assets. As a result of such reclassification, other long term assets for the year ended December 31, 2016 has changed from $42,091,371 to $8,271,952.

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of estimated useful lives	Buildings 30 years Machinery and equipment 10 years Office equipment 5 years Motor vehicles 5 years Molds 5 years
Schedule of average foreign currency exchange rate	March 31, December 31, March 31, 2017 2016 2016 Period end RMB : USD exchange rate 6.890530 6.94585 6.45080 Average RMB : USD exchange rate 6.888178 6.64520 6.54144

Concentrations (Tables)

Concentrations (Tables)	3 Months Ended
	Mar. 31, 2017
Customers [Member]
Concentration Risk [Line Items]
Schedule of concentration percentage	Sales Accounts Receivable Three Months Three Months Ended Ended March 31, March 31, March 31, December 31, Major Customers 2017 2016 2017 2016 Yongkang Dingji Import & Export Co., Ltd., 32 % 1 % Jinhua Chaoneng Automobile Sales Co. Ltd. 32 % 59 % 15 % 19 % Kandi Electric Vehicles Group Co., Ltd. 31 % 26 % 37 % 53 %
Suppliers [Member]
Concentration Risk [Line Items]
Schedule of concentration percentage	Purchases Accounts Payable Three Months Three Months Ended Ended March 31, March 31, March 31, December 31, Major Suppliers 2017 2016 2017 2016 Dongguan Chuangming Battery Technology Co., Ltd. 38 % 47 % 23 % 22 % Zhejiang Tianneng Energy Technology Co., Ltd. 20 % 32 % 15 % 15 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of earnings per share	For three months ended March 31, 2017 2016 Net (Loss) income $ (24,153,435 ) $ 88,420 Weighted average shares used in basic computation 47,732,388 47,009,834 Dilutive shares – 17,910 Weighted average shares used in diluted computation 47,732,388 47,027,744 Earnings per share: Basic $ (0.51 ) $ 0.00 Diluted $ (0.51 ) $ 0.00

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2017
Accounts Receivable/Notes Receivable [Abstract]
Schedule of accounts receivable	March 31, December 31, 2017 2016 Accounts receivable $ 34,053,585 $ 32,394,613 Less: Provision for doubtful debts – – Accounts receivable, net $ 34,053,585 $ 32,394,613

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventories [Abstract]
Summary of Inventories	March 31, December 31, 2017 2016 Raw material $ 4,623,141 $ 2,529,149 Work-in-progress 2,799,983 1,786,087 Finished goods 7,784,468 8,014,671 Total inventories 15,207,592 12,329,907 Less: provision for slow moving inventories (464,950 ) (415,797 ) Inventories, net $ 14,742,642 $ 11,914,110

Notes Receivable (Tables)

Notes Receivable (Tables)	3 Months Ended
	Mar. 31, 2017
Accounts Receivable/Notes Receivable [Abstract]
Schedule of notes receivable	March 31, December 31, 2017 2016 Notes receivable as below: Bank acceptance notes 1,329,481 400,239 Notes receivable $ 1,329,481 $ 400,239
Schedule of details of notes receivable	Index Amount ($) Counter party Relationship Nature Manner of settlement 1 1,329,481 Kandi Electric Vehicles Group Co., Ltd. Join Venture of the Company Payments for sales Not due Index Amount ($) Counter party Relationship Nature Manner of settlement 1 400,239 Kandi Shanghai Subsidiary of the JV Company Payments for sales Not due

Plants and Equipment (Tables)

Plants and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Plants and Equipment [Abstract]
Schedule of Plant and Equipment	March 31, December 31, 2017 2016 At cost: Buildings $ 13,081,653 $ 12,977,465 Machinery and equipment 7,193,441 8,585,666 Office equipment 480,556 475,162 Motor vehicles 346,596 321,207 Molds 26,675,932 26,463,472 47,778,178 48,822,972 Less : Accumulated depreciation Buildings $ (4,091,010 ) $ (3,948,909) Machinery and equipment (6,734,311 ) (8,107,884 ) Office equipment (235,012) (216,226) Motor vehicles (281,595 ) (274,197 ) Molds (22,108,077) (21,031,086) (33,450,005) (33,578,302) Less: provision for impairment for fixed assets (50,631) (50,228) Plants and equipment, net $ 14,277,542 $ 15,194,442

Land Use Rights (Tables)

Land Use Rights (Tables)	3 Months Ended
	Mar. 31, 2017
Land Use Rights [Abstract]
Schedule of land use rights	March 31, December 31, 2017 2016 Cost of land use rights $ 14,394,930 $ 14,280,282 Less: Accumulated amortization (2,604,180 ) (2,504,562 ) Land use rights, net $ 11,790,750 $ 11,775,720
Schedule of amortization expense	2017(Nine Months) $ 238,614 2018 318,152 2019 318,152 2020 318,152 2021 318,152 Thereafter 10,279,528 Total $ 11,790,750

Construction-in -Progress (Tabl

Construction-in -Progress (Tables)	3 Months Ended
	Mar. 31, 2017
Construction In Progress [Abstract]
Schedule of contractual obligations under CIP	Total in CIP as of Total March 31, Estimate to contract Project 2017 complete amount Kandi Hainan facility $ 36,779,576 $ 37,781,322 $ 74,560,898 Total $ 36,779,576 $ 37,781,322 $ 74,560,898

Short -Term and Long-Term Ban41

Short -Term and Long-Term Bank Loans (Tables)	3 Months Ended
	Mar. 31, 2017
Short -Term and Long-Term Bank Loans / Notes payable [Abstract]
Schedule of short-term debt	March 31, December 31, 2017 2016 Loans from China Ever-bright Bank Interest rate of 4.698% per annum, due on April 21, 2017, paid off on April 20, 2017, secured by the assets of the Company, guaranteed by Mr. Hu Xiaoming and his wife. Also see Note 13 and Note 14. 11,319,884 11,229,727 Loans from Hangzhou Bank Interest rate of 4.35% per annum, due on October 12, 2017, secured by the assets of the Company. Also see Note 13 and Note 14. 7,082,184 7,025,778 Interest rate of 4.35% per annum, due July 3, 2017, secured by the assets of the Company. Also see Note 13 and Note 14. 10,478,149 10,394,696 Interest rate of 4.35% per annum, paid off on March 23, 2017, secured by the assets of the Company. Also see Note 13 and Note 14. 5,614,864 Interest rate of 4.35% per annum, due March 26, 2018, secured by the assets of the Company. Also see Note 13 and Note 14. 3,483,041 Loans from Individual Third Party Interest rate of 12% per annum 145,127 $ 32,508,385 34,265,065
Schedule of long-term debt	March 31, December 31, 2017 2016 Loans from Haikou Rural Credit Cooperative Interest rate of 7% per annum, due on December 12, 2021, guaranteed by Kandi Vehicle and Kandi New Energy. 29,025,343 28,794,172 $ 29,025,343 28,794,172

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2017
Short -Term and Long-Term Bank Loans / Notes payable [Abstract]
Summary of notes payable	March 31, December 31, 2017 2016 Bank acceptance notes: $ $ Due March 22, 2017 400,239 Due March 29, 2017 1,439,709 Due June 21, 2017 1,451,267 1,439,709 Due July 6, 2017 1,161,014 Due July 20, 2017 870,760 Other Notes Payable: Due May 6, 2017 2,942,967 11,517,669 Due July 18, 2017 5,805,069 Due September 2, 2017 2,176,901 Due December 31, 2017 4,353,802 Total $ 18,761,779 $ 14,797,325

Taxes (Tables)

Taxes (Tables)	3 Months Ended
	Mar. 31, 2017
Taxes [Abstract]
Summary of income tax expenses	For Three Months Ended March 31, (Unaudited) 2017 2016 Current: Provision for CIT $ – $ 1,761,153 Provision for Federal Income Tax – Deferred: Provision for CIT (4,775,997 ) (4,397,828 ) Income tax expenses (benefit) $ (4,775,997 ) $ (2,636,675 )
Schedue of income tax expenses differ from ''expected'' tax expense	For Three Months Ended March 31, (Unaudited) 2017 2016 Expected taxation at PRC statutory tax rate $ (7,232,358 ) (637,064 ) Effect of differing tax rates in different jurisdictions (243,494 ) (703,686 ) Non-taxable income – – Non-deductible expenses 776,485 763,369 Research and development super-deduction (15,219 ) (21,993 ) Under-accrued EIT for previous years – – Effect of PRC preferential tax rates 1,011,300 (91,215 ) Addition to valuation allowance 919,923 (1,946,086 ) Other 7,367 – Income tax expenses (benefit) $ (4,775,997 ) (2,636,675 )
Schedule of deferred tax assets and liabilities	March 31, December 31, 2017 2016 Deferred tax assets: Sales cut-off difference derived from Value Added Tax reporting system to calculate PRC Corporation Income Tax in accordance with the PRC State Administration of Taxation $ – $ – Expense 774,728 72,742 Depreciation 217,195 230,156 Loss carried forward 31,006,226 28,107,972 less: valuation allowance (26,568,638 ) (27,709,850 ) Total deferred tax assets,net of valuation allowance 5,429,512 701,021 Deferred tax liabilities: Sales cut-off difference derived from Value Added Tax reporting system to calculate PRC Corporation Income Tax in accordance with the PRC State Administration of Taxation – – Expense 1,650,797 1,698,303 Depreciation – – Other – – Accumulated other comprehensive gain – – Total deferred tax liability 1,650,797 1,698,303 Net deferred tax assets (liabilities) $ 3,778,715 $ (997,282 )
Schedule of income (loss) before income taxes	For Three Months Ended March 31, (Unaudited) 2017 2016 Income(loss) before income taxes consists of: PRC $ (27,250,721 ) $ 1,254,848 Non-PRC (1,678,711 ) (3,803,103 ) Total $ (28,929,432 ) $ (2,548,255)
Schedule of valuation allowance of deferred tax assets	Net change of valuation allowance of deferred tax assets Balance at December 31,2016 26,820,811 Additions-change to tax expense 919,923 Deduction-expired of loss carried forward 1,172,096 Balance at March 31,2017 26,568,638
Schedule of income tax expense exemptions and reductions	For Three Months Ended March 31, 2017 2016 Tax benefit (holiday) credit $ (15,219 ) $ (113,208 ) Basic net income per share effect $ 0.000 $ (0.002 )

Stock Options and Warrants (Tab

Stock Options and Warrants (Tables)	3 Months Ended
	Mar. 31, 2017
Stock Options and Warrants [Abstract]
Summary of stock option activities	Weighted Average Number of Exercise Shares Price Outstanding as of January 1, 2016 4,900,000 $ 9.72 Granted – – Exercised – – Cancelled – – Forfeited (333,333 ) 9.72 Outstanding as of January 1, 2017 4,566,667 9.72 Granted – – Exercised – – Cancelled – – Forfeited (166,667 ) 9.72 Outstanding as of March 31, 2017 4,400,000 $ 9.72

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Intangible Assets [Abstract]
Schedule of gross carrying value and accumulated amortization for each major class of our intangible assets	Remaining March 31, December 31, useful life 2017 2016 Gross carrying amount: Trade name 4.25 years $ 492,235 $ 492,235 Customer relations 4.25 years 304,086 304,086 796,321 796,321 Less : Accumulated amortization Trade name $ (249,502 ) $ (236,815 ) Customer relations (154,132 ) (146,295 ) (403,634 ) (383,110 ) Intangible assets, net $ 392,687 $ 413,211
Schedule of amortization expenses	2017 (nine months) $ 61,571 2018 82,095 2019 82,095 2020 82,095 2021 82,095 Thereafter 2,736 Total $ 392,687

Summarized Information of Equ46

Summarized Information of Equity Method Investment in the JV Company (Tables)	3 Months Ended
	Mar. 31, 2017
Summarized Information Of Equity Method Investment [Abstract]
Schedule of condensed income statement information	Three months ended March 31, 2017 2016 Condensed income statement information: Net sales $ 1,277,619 $ (495,567 ) Gross loss (336,757 ) (1,062,647 ) Net loss (10,607,728 ) (8,068,447 ) Company’s equity in net income of the JV $ (5,303,864 ) $ (4,034,224 )
Schedule of condensed balance sheet information	March 31, December 31, 2017 2016 Condensed balance sheet information: Current assets $ 507,244,372 $ 514,958,008 Noncurrent assets 175,934,717 177,563,800 Total assets $ 683,179,089 $ 692,521,808 Current liabilities 497,169,688 505,356,626 Noncurrent liabilities 40,018,692 31,817,560 Equity 145,990,709 155,347,622 Total liabilities and equity $ 683,179,089 $ 692,521,808
Schedule of equity method investments	Three Months ended March 31, 2017 2016 Investment in the JV Company, as of the beginning of the period, $ 77,453,014 $ 90,337,899 Share of profit (loss) (5,303,864 ) (4,034,224 ) Intercompany transaction elimination (80,495 ) (789,329 ) Year 2016 unrealized profit realized 222,646 1,083 Exchange difference 623,586 519,013 Investment in the JV Company, end of the period $ 72,914,887 $ 86,034,442
Schedule of breakdown of sales	Three Months ended March 31, 2017 2016 JV Company $ 1,311,642 $ 13,085,636 Kandi Changxing – 160,597 Kandi Shanghai – 158,201 Kandi Jinhua – 52,264 Kandi Jiangsu – 18,277.00 Total sales to JV $ 1,311,642 $ 13,474,975
Summarizes of sale and purchase transactions	Three Months ended March 31, 2017 2016 Sales to the JV Company $ 1,311,642 $ 13,474,975 Purchases from the JV Company $ – $ –
Summary of amount due from (to) the JV company	March 31, December 31, 2017 2016 Kandi Shanghai $ 124,533 $ 281,657 Kandi Changxing 16,270,434 16,359,155 Kandi Jinhua 5,091,073 5,050,525 Kandi Jiangsu 355,084 352,587 JV Company 108,622,281 114,492,235 Consolidated JV Company and subsidiaries $ 130,463,405 $ 136,536,159

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies [Abstract]
Schedule of guarantees for bank loans	March 31, December 31, Guarantees provided to: 2017 2016 Zhejiang Shuguang industrial Co., Ltd. 4,208,675 4,175,155 Nanlong Group Co., Ltd. 2,902,534 2,879,417 Kandi Electric Vehicles Group Co., Ltd. 47,166,183 46,790,530 Total $ 54,277,392 $ 53,845,102
Schedule of loss contingencies	March 31, December 31, Loss contingencies – litigation 2017 2016 Zhejiang Shuguang industrial Co., Ltd. $ 4,620,488 $ - Total $ 4,620,488 $ -

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of revenues by geographic area	Three Months Ended 2017 2016 Sales Revenue Percentage Sales Revenue Percentage Overseas $ 1,516,164 35 % $ 621,722 1 % China 2,758,409 65 % 50,036,170 99 % Total $ 4,274,573 100 % $ 50,657,893 100 %

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Schedule of sales to related parties	Three Months Ended March 31, 2017 2016 The Service Company – 3,208,502 Total $ – 3,208,502
Schedule of due from related parties	March 31, December 31, 2017 2016 The Service Company 10,568,992 10,484,816 Total due from related parties $ 10,568,992 10,484,816

Organization and Principal Ac50

Organization and Principal Activities (Details)

Nov. 30, 2016

Oct. 31, 2016

Aug. 31, 2016

Jan. 31, 2014

Dec. 31, 2013

Dec. 21, 2012

Aug. 13, 2007

Nov. 30, 2015

Nov. 30, 2013

Mar. 31, 2017

Oct. 26, 2016

Mar. 31, 2016

Jan. 31, 2016

Aug. 31, 2015

Jul. 31, 2013

Mar. 31, 2013

Apr. 30, 2012

Jan. 31, 2011

Kandi Technologies [Member]

Organization and Principal Activities (Textual)

Entity Incorporation, Date of Incorporation

Mar. 31, 2004

Change of name of entity

Kandi Technologies changed its name to Kandi Technologies Group, Inc.

Kandi Technologies changed its name from Stone Mountain Resources, Inc. to Kandi Technologies, Corp.

Kandi Vehicles [Member]

Organization and Principal Activities (Textual)

Economic benefits percentage

100.00%

Voting rights and residual interests, percentage

100.00%

Ownership interest, percentage

9.50%

Shanghai Guorun [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

9.50%

JV Company [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

50.00%

Service Company [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

13.00%

9.50%

Kandi Jinhua [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

JiHeKang Service Company [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

100.00%

100.00%

Economic interest, percentage

50.00%

50.00%

Indirect ownership interest percentage in JV company

50.00%

Kandi Jiangsu [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Puma Investment [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

Economic interest, percentage

25.00%

Indirect ownership interest percentage in JV company

50.00%

Hangzhou [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

Kandi Hainan [Member]

Organization and Principal Activities (Textual)

Economic benefits percentage

100.00%

Voting rights and residual interests, percentage

100.00%

Ownership interest, percentage

90.00%

Kandi New Energy [Member]

Organization and Principal Activities (Textual)

Economic benefits percentage

100.00%

Ownership interest, percentage

10.00%

Jiangsu Jidian [Member]

Organization and Principal Activities (Textual)

Ownership interest percentage owned by JV company

100.00%

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Tianjin BoHaiWan [Member]

Organization and Principal Activities (Textual)

Ownership interest percentage owned by JV company

100.00%

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Changxing Maintenance [Member]

Organization and Principal Activities (Textual)

Ownership interest percentage owned by JV company

100.00%

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Liuchuang [Member]

Organization and Principal Activities (Textual)

Ownership interest percentage owned by JV company

100.00%

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Share Exchange Agreement [Member] | Yongkang Scrou [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

100.00%

JV Agreement [Member] | Kandi Vehicles [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

JV Agreement [Member] | Shanghai Guorun [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

JV Agreement [Member] | Geely [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

99.00%

JV Agreement [Member] | JV Company [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

50.00%

Ownership Transfer Agreement [Member] | Kandi Changxing [Member]

Organization and Principal Activities (Textual)

Ownership interest percentage owned by JV company

50.00%

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Ownership Transfer Agreement [Member] | Kandi Shanghai [Member]

Organization and Principal Activities (Textual)

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Liquidity (Details)

Liquidity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017
Liquidity (Textual)
Working capital surplus		$ 65,257,641
Commercial bank loans		$ 32,363,258
Minimum [Member]
Liquidity (Textual)
Decrease in working capital surplus	$ 21,090,384
Maximum [Member]
Liquidity (Textual)
Decrease in working capital surplus	$ 86,348,025

Principles of Consolidation (De

Principles of Consolidation (Details)	3 Months Ended
	Mar. 31, 2017
Kandi New Energy [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	50.00%
Kandi New Energy [Member] | Kandi Hainan [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	10.00%
Kandi Vehicles [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	100.00%
Ownership interest, percentage	50.00%
Economic interest	100% of the economic benefits
Kandi Vehicles [Member] | Kandi Hainan [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	90.00%
Kandi Vehicles [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	50.00%
Kandi Changxing [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
Kandi Jinhua [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
JiHeKang [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
Kandi Shanghai [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
Kandi Jiangsu [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
JiHeKang Service [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
Tianjin BoHaiWan [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
Changxing [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest
Liuchuang [Member] | JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Economic interest	50% economic interest

Summary of Significant Accoun53

Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2017
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, Plants and equipment, Estimated useful lives	30 years
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plants and equipment, Estimated useful lives	10 years
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plants and equipment, Estimated useful lives	5 years
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plants and equipment, Estimated useful lives	5 years
Molds [Member]
Property, Plant and Equipment [Line Items]
Property, Plants and equipment, Estimated useful lives	5 years

Summary of Significant Accoun54

Summary of Significant Accounting Policies (Details 1)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Period end RMB : USD exchange rate [Member]
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Line Items]
Exchange rate	6.890530	6.94585	6.45080
Average RMB : USD exchange rate [Member]
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Line Items]
Exchange rate	6.888178	6.64520	6.54144

Summary of Significant Accoun55

Summary of Significant Accounting Policies (Details Textual) ¥ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)
Summary of Significant Accounting Policies (Textual)
Restricted cash	$ 14,222,418		$ 12,957,377
Time deposit	$ 11,610,137
Maturities of time deposit, Description	Certificate of Time Deposit (CD) of $11,610,137 with Hangzhou Bank Jinhua Branch, of which $5,805,069 will mature on September 29, 2017, and the remainder will mature on October 29, 2017.
Notes receivable from JV Company and related parties	$ 1,329,481		400,239
Total advance payments			108,000,000	¥ 744
Interest expenses capitalized for CIP	507,944	$ 0
Research and development expenses	20,769,732	205,968
Grants and subsidies received	5,067,474	194,473
Stock-based option expenses	$ 1,133,519	6,109,666
Remaining useful lives	9 years 8 months 12 days
Amortization expenses	$ 20,524	$ 20,524
Ownership interest	100.00%
Advances to suppliers	$ 31,751,164		33,819,419
Other long term assets	$ 8,045,747		8,271,952
Land use rights, Description	The land use rights granted to the Company are amortized using the straight-line method over a term of fifty years.
Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Current discount rate	6.00%
Other long term assets			42,091,371
Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Current discount rate	2.70%
Other long term assets			8,271,952
Level 2 [Member]
Summary of Significant Accounting Policies (Textual)
Notes payable, fair value	$ 18,761,779		14,797,325
Level 3 [Member]
Summary of Significant Accounting Policies (Textual)
Fair value of warrants	$ 0		$ 0

Concentrations (Details)

Concentrations (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Sales [Member] | Yongkang Dingji Import & Export Co., Ltd.,[Member]
Concentration Risk [Line Items]
Concentration risk, percentage	32.00%
Sales [Member] | Jinhua Chaoneng Automobile Sales Co Ltd [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	32.00%	59.00%
Sales [Member] | Kandi Electric Vehicles Group Co Ltd [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	31.00%	26.00%
Accounts Receivable [Member] | Yongkang Dingji Import & Export Co., Ltd.,[Member]
Concentration Risk [Line Items]
Concentration risk, percentage	1.00%
Accounts Receivable [Member] | Jinhua Chaoneng Automobile Sales Co Ltd [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%		19.00%
Accounts Receivable [Member] | Kandi Electric Vehicles Group Co Ltd [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	37.00%		53.00%

Concentrations (Details 1)

Concentrations (Details 1)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Dongguan Chuangming Battery Technology Co Ltd [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration percentage	23.00%		22.00%
Dongguan Chuangming Battery Technology Co Ltd [Member] | Purchases [Member]
Concentration Risk [Line Items]
Concentration percentage	38.00%	47.00%
Zhejiang Tianneng Energy Technology Co Ltd [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration percentage	15.00%		15.00%
Zhejiang Tianneng Energy Technology Co Ltd [Member] | Purchases [Member]
Concentration Risk [Line Items]
Concentration percentage	20.00%	32.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net (Loss) income	$ (24,153,435)	$ 88,420
Weighted average shares used in basic computation	47,732,388	47,009,834
Dilutive shares		17,910
Weighted average shares used in diluted computation	47,732,388	47,027,744
Earnings per share:
Basic	$ (0.51)	$ 0
Diluted	$ (0.51)	$ 0

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share (Textual)
Average number of potentially dilutive common shares		17,910
Potential dilutive common shares	4,400,000	5,849,419

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Accounts Receivable/Notes Receivable [Abstract]
Accounts receivable	$ 34,053,585	$ 32,394,613
Less: Provision for doubtful debts
Accounts receivable, net	$ 34,053,585	$ 32,394,613

Inventories (Details)

Inventories (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Inventories [Abstract]
Raw material	$ 4,623,141	$ 2,529,149
Work-in-progress	2,799,983	1,786,087
Finished goods	7,784,468	8,014,671
Total inventories	15,207,592	12,329,907
Less: provision for slow moving inventories	464,950	415,797
Inventories, net	$ 14,742,642	$ 11,914,110

Notes Receivable (Details)

Notes Receivable (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Notes receivable as below:
Bank acceptance notes	$ 1,329,481	$ 400,239
Notes receivable	$ 1,329,481	$ 400,239

Notes Receivable (Details 1)

Notes Receivable (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounts Receivable/Notes Receivable [Abstract]
Amount	$ 1,329,481	$ 400,239
Counter party	Kandi Electric Vehicles Group Co., Ltd.	Kandi Shanghai
Relationship	Join Venture of the Company	Subsidiary of the JV Company
Nature	Payments for sales	Payments for sales
Manner of settlement	Not due	Not due

Plants and Equipment (Details)

Plants and Equipment (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 47,778,178	$ 48,822,972
Less : Accumulated depreciation	(33,450,005)	(33,578,302)
Less: provision for impairment for fixed assets	(50,631)	(50,228)
Property, plants and equipment, net	14,277,542	15,194,442
Buildings [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	13,081,653	12,977,465
Less : Accumulated depreciation	(4,091,010)	(3,948,909)
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	7,193,441	8,585,666
Less : Accumulated depreciation	(6,734,311)	(8,107,884)
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	480,556	475,162
Less : Accumulated depreciation	(235,012)	(216,226)
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	346,596	321,207
Less : Accumulated depreciation	(281,595)	(274,197)
Molds [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	26,675,932	26,463,472
Less : Accumulated depreciation	$ (22,108,077)	$ (21,031,086)

Plants and Equipment (Details T

Plants and Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Plants and Equipment (Textual)
Net book value of plant and equipment pledged as collateral for bank loans	$ 8,839,153		$ 8,875,111
Depreciation expenses	$ 1,064,568	$ 1,132,732

Land Use Rights (Details)

Land Use Rights (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Land Use Rights [Abstract]
Cost of land use rights	$ 14,394,930	$ 14,280,282
Less: Accumulated amortization	(2,604,180)	(2,504,562)
Land use rights, net	$ 11,790,750	$ 11,775,720

Land Use Rights (Details 1)

Land Use Rights (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Land Use Rights [Abstract]
2017(Nine Months)	$ 238,614
2,018	318,152
2,019	318,152
2,020	318,152
2,021	318,152
Thereafter	10,279,528
Total	$ 11,790,750	$ 11,775,720

Land Use Rights (Details Textua

Land Use Rights (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Land Use Rights (Textual)
Net book value of land use rights pledged as collateral	$ 8,670,447		$ 8,660,097
Amortization expenses of land use rights	$ 79,538	$ 69,987

Construction-in-Progress (Detai

Construction-in-Progress (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Construction In Progress [Line Items]
Total in CIP as of March 31, 2017	$ 36,779,576	$ 27,054,181
Estimate to complete	37,781,322
Total contract amount	74,560,898
Kandi Hainan Facility [Member]
Construction In Progress [Line Items]
Total in CIP as of March 31, 2017	36,779,576
Estimate to complete	37,781,322
Total contract amount	$ 74,560,898

Construction-in-Progress (Det70

Construction-in-Progress (Details Textual) ¥ in Billions	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Apr. 30, 2013CNY (¥)
Construction in Progress (Textual)
Invest to establish a factory | ¥				¥ 1
CIP amount	$ 36,779,576		$ 27,054,181
Interest expenses capitalized for CIP	$ 507,944	$ 0

Short -Term and Long-Term Ban71

Short -Term and Long-Term Bank Loans (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Summary of short-term loans
Short-term loans	$ 32,508,385	$ 34,265,065
Loans from China Ever-bright Bank [Member]
Summary of short-term loans
Short-term loans	11,319,884	11,229,727
Loans from Hangzhou Bank One [Member]
Summary of short-term loans
Short-term loans	7,082,184	7,025,778
Loans from Hangzhou Bank Two [Member]
Summary of short-term loans
Short-term loans	10,478,149	10,394,696
Loans from Hangzhou Bank Three [Member]
Summary of short-term loans
Short-term loans		5,614,864
Loans from Hangzhou Bank Four [Member]
Summary of short-term loans
Short-term loans	3,483,041
Loans from Individual Third Party [Member]
Summary of short-term loans
Short-term loans	$ 145,127

Short -Term and Long-Term Ban72

Short -Term and Long-Term Bank Loans (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2017
Loans from China Ever-bright Bank [Member]
Summary of short-term loans
Interest rate	4.698%
Due date	Apr. 21, 2017
Paid off date	Apr. 20, 2017
Loans from Hangzhou Bank One [Member]
Summary of short-term loans
Interest rate	4.35%
Due date	Oct. 12, 2017
Loans from Hangzhou Bank Two [Member]
Summary of short-term loans
Interest rate	4.35%
Due date	Jul. 3, 2017
Loans from Hangzhou Bank Three [Member]
Summary of short-term loans
Interest rate	4.35%
Due date	Mar. 23, 2017
Loans from Hangzhou Bank Four [Member]
Summary of short-term loans
Interest rate	4.35%
Due date	Mar. 26, 2018
Loans from Individual Third Party [Member]
Summary of short-term loans
Interest rate	12.00%

Short -Term and Long-Term Ban73

Short -Term and Long-Term Bank Loans (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Summary of long-term loans
Long-term loan	$ 29,025,343	$ 28,794,172
Loans from Haikou Rural Credit Cooperative [Member]
Summary of long-term loans
Long-term loan	$ 29,025,343	$ 28,794,172

Short -Term and Long-Term Ban74

Short -Term and Long-Term Bank Loans (Parenthetical) (Details 1)	Mar. 31, 2017
Loans from Haikou Rural Credit Cooperative [Member]
Summary of long-term loans
Interest rate	7.00%

Short -Term and Long-Term Ban75

Short -Term and Long-Term Bank Loans (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Short -Term and Long-Term Bank Loans (Textual)
Interest expense of short-term and long-term bank loans	$ 614,453	$ 442,079
Aggregate amount of short-term and long-term loans guaranteed by various third parties	$ 0

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	$ 18,761,779	$ 14,797,325
Due March 22, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total		400,239
Due March 29, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total		1,439,709
Due June 21, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	1,451,267	1,439,709
Due July 6, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	1,161,014
Due July 20, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	870,760
Due May 6, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	2,942,967	11,517,669
Due July 18, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	5,805,069
Due September 2, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	2,176,901
Due December 31, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	$ 4,353,802

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Notes Payable (Textual)
Notes payable collateral, amount	$ 3,483,041	$ 3,279,656

Taxes (Details)

Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current:
Provision for CIT		$ 1,761,153
Provision for Federal Income Tax
Deferred:
Provision for CIT	(4,775,997)	(4,397,828)
Income tax expense (benefit)	$ (4,775,997)	$ (2,636,675)

Taxes (Details 1)

Taxes (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Taxes [Abstract]
Expected taxation at PRC statutory tax rate	$ (7,232,358)	$ (637,064)
Effect of differing tax rates in different jurisdictions	(243,494)	(703,686)
Non-taxable income
Non-deductible expenses	776,485	763,369
Research and development super-deduction	(15,219)	(21,993)
Under-accrued EIT for previous years
Effect of PRC preferential tax rates	1,011,300	(91,215)
Addition to valuation allowance	919,923	(1,946,086)
Other	7,367
Income tax expense (benefit)	$ (4,775,997)	$ (2,636,675)

Taxes (Details 2)

Taxes (Details 2) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Sales cut-off difference derived from Value Added Tax reporting system to calculate PRC Corporation Income Tax in accordance with the PRC State Administration of Taxation
Expense	774,728	72,742
Depreciation	217,195	230,156
Loss carried forward	31,006,226	28,107,972
less: valuation allowance	(26,568,638)	(26,820,811)
Total deferred tax assets,net of valuation allowance	5,429,512	701,021
Deferred tax liabilities:
Sales cut-off difference derived from Value Added Tax reporting system to calculate PRC Corporation Income Tax in accordance with the PRC State Administration of Taxation
Expense	1,650,797	1,698,303
Depreciation
Other
Accumulated other comprehensive gain
Total deferred tax liability	1,650,797	1,698,303
Net deferred tax assets (liabilities)	$ 3,778,715	$ (997,282)

Taxes (Details 3)

Taxes (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Loss Carryforwards [Line Items]
Total	$ (28,929,432)	$ (2,548,255)
PRC [Member]
Operating Loss Carryforwards [Line Items]
Total	(27,250,721)	1,254,848
Non-PRC[Member]
Operating Loss Carryforwards [Line Items]
Total	$ (1,678,711)	$ (3,803,103)

Taxes (Details 4)

Taxes (Details 4)	3 Months Ended
	Mar. 31, 2017USD ($)
Taxes [Abstract]
Balance at December 31,2016	$ 26,820,811
Additions-change to tax expense	919,923
Deduction-expired of loss carried forward	1,172,096
Balance at March 31,2017	$ 26,568,638

Taxes (Details 5)

Taxes (Details 5) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Taxes [Abstract]
Tax benefit (holiday) credit	$ (15,219)	$ (113,208)
Basic net income per share effect	$ 0	$ (0.002)

Taxes (Details Textual)

Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Taxes (Textal)
Applicable corporate income tax rate	25.00%
Reduced income tax rate	15.00%
Research and development effective tax rate	16.51%	103.47%
U.S. Federal income tax rate	34.00%	25.00%
Tax exemptions holiday percent	25.00%	25.00%
Research Tax Credit Carryforward [Member]
Taxes (Textal)
Research and development effective tax rate	25.00%
UNITED STATES
Taxes (Textal)
Cumulative net losses	$ 78,140
Operating loss carryforwards, expiration date	Dec. 31, 2022
HONG KONG
Taxes (Textal)
Cumulative net losses	$ 0
CHINA
Taxes (Textal)
Cumulative net losses	$ 18,410
Operating loss carryforwards, expiration date	Dec. 31, 2022
Kandi New Energy [Member]
Taxes (Textal)
Applicable corporate income tax rate	25.00%
Yongkang Scrou [Member]
Taxes (Textal)
Applicable corporate income tax rate	25.00%
Kandi Hainan [Member]
Taxes (Textal)
Applicable corporate income tax rate	25.00%
Jv Company [Member]
Taxes (Textal)
Applicable corporate income tax rate	25.00%

Stock Options and Warrants (Det

Stock Options and Warrants (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Stock Options and Warrants [Abstract]
Number of Shares Outstanding, Beginning Balance	4,566,667	4,900,000
Number of Shares, Granted
Number of Shares, Exercised
Number of Shares, Cancelled
Number of Shares, Forfeited	(166,667)	(333,333)
Number of Shares Outstanding, Ending Balance	4,400,000	4,566,667
Weighted Average Exercise Price Outstanding, Beginning Balance	$ 9.72	$ 9.72
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Cancelled
Weighted Average Exercise Price, Forfeited	9.72	9.72
Weighted Average Exercise Price, Outstanding, Ending Balance	$ 9.72	$ 9.72

Stock Options and Warrants (D86

Stock Options and Warrants (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	May 29, 2015	Mar. 31, 2017	Dec. 31, 2016
Stock Options and Warrants (Textual)
Warrants issued to investors and placement agent		$ 0	$ 0
Stock Options [Member]
Stock Options and Warrants (Textual)
Stock options vesting period, description	The stock options will vest ratably over three years and expire on the tenth anniversary of the grant date.
Company stock options value	$ 39,990,540
Expected volatility rate	90.00%
Expected life	10 years
Risk-free interest rate	2.23%
Expected dividend yield	0.00%
Stock compensation expenses		$ 1,133,519
Directors, officers and senior employees [Member] | Stock Options [Member]
Stock Options and Warrants (Textual)
Purchase shares of common stock	4,900,000
Common stock exercise price per share	$ 9.72
Employees and Directors [Member]
Stock Options and Warrants (Textual)
Fair value of options issued	4,900,000
Options issued , price per share	$ 8.1613

Stock Award (Details)

Stock Award (Details) - USD ($)	Dec. 30, 2013	Feb. 13, 2017	Nov. 30, 2016	Sep. 26, 2016	May 20, 2015	Mar. 31, 2017	Mar. 31, 2016	Feb. 29, 2012	Jan. 31, 2012	Dec. 31, 2011	Dec. 31, 2016
Stock Award (Textual)
Number of shares, granted
Reduce total number of shares of common stock				250,000
General and administrative expenses						$ 8,319,294	$ 8,032,882
2008 Plan [Member]
Stock Award (Textual)
Shares of common stock	335,000
Number of shares, granted		246,900
Reduce total number of shares of common stock				335,000
Increase in shares					9,000,000
Employee Stock Award Expenses [Member]
Stock Award (Textual)
General and administrative expenses						$ 1,059,950	$ 755,301
Mr Henry Yu [Member]
Stock Award (Textual)
Restricted shares of common stock										5,000
Mr Jerry Lewins [Member]
Stock Award (Textual)
Restricted shares of common stock									5,000
Ms Kewa Luos [Member]
Stock Award (Textual)
Restricted shares of common stock								5,000
Mr Mei Bing [Member] | Three Year Employment Agreement [Member]
Stock Award (Textual)
Shares of common stock			10,000
Vested shares of four equal quarterly installments			2,500

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 796,321	$ 796,321
Less : Accumulated amortization	(403,634)	(383,110)
Intangible assets, net	$ 392,687	413,211
Remaining useful lives	9 years 8 months 12 days
Trade name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 492,235	492,235
Less : Accumulated amortization	$ (249,502)	(236,815)
Remaining useful lives	4 years 3 months
Customer relations [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 304,086	304,086
Less : Accumulated amortization	$ (154,132)	$ (146,295)
Remaining useful lives	4 years 3 months

Intangible Assets (Details 1)

Intangible Assets (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Intangible Assets [Abstract]
2017 (nine months)	$ 61,571
2,018	82,095
2,019	82,095
2,020	82,095
2,021	82,095
Thereafter	2,736
Total	$ 392,687	$ 413,211

Intangible Assets (Details Text

Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Intangible Assets (Textual)
Amortization expenses	$ 20,524	$ 20,524

Summarized Information of Equ91

Summarized Information of Equity Method Investment in the JV Company (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed income statement information:
Net sales	$ 1,277,619	$ (495,567)
Gross loss	(336,757)	(1,062,647)
Net loss	(10,607,728)	(8,068,447)
Company's equity in net income of the JV Company	$ (5,303,864)	$ (4,034,224)

Summarized Information of Equ92

Summarized Information of Equity Method Investment in the JV Company (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Condensed balance sheet information:
Current assets	$ 507,244,372	$ 514,958,008
Noncurrent assets	175,934,717	177,563,800
Total assets	683,179,089	692,521,808
Current liabilities	497,169,688	505,356,626
Noncurrent liabilities	40,018,692	31,817,560
Equity	145,990,709	155,347,622
Total liabilities and equity	$ 683,179,089	$ 692,521,808

Summarized Information of Equ93

Summarized Information of Equity Method Investment in the JV Company (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Summarized Information Of Equity Method Investment [Abstract]
Investment in the JV Company, as of the beginning of the period,	$ 77,453,014	$ 90,337,899
Share of profit (loss)	(5,303,864)	(4,034,224)
Intercompany transaction elimination	(80,495)	(789,329)
Year 2016 unrealized profit realized	222,646	1,083
Exchange difference	623,586	519,013
Investment in the JV Company, end of the period	$ 72,914,887	$ 86,034,442

Summarized Information of Equ94

Summarized Information of Equity Method Investment in the JV Company (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Equity Method Investments [Line Items]
Total sales to JV	$ 1,311,642	$ 16,683,477
JV Company [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV	1,311,642	13,085,636
Kandi Changxing [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV		160,597
Kandi Shanghai [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV		158,201
Kandi Jinhua [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV		52,264
Kandi Jiangsu [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV		$ 18,277

Summarized Information of Equ95

Summarized Information of Equity Method Investment in the JV Company (Details 4) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Summarized Information Of Equity Method Investment [Abstract]
Sales to the JV Company	$ 1,311,642	$ 13,474,975
Purchases from the JV Company

Summarized Information of Equ96

Summarized Information of Equity Method Investment in the JV Company (Details 5) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Consolidated JV Company and subsidiaries	$ 130,463,405	$ 136,536,159
Kandi Shanghai [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV Company and subsidiaries	124,533	281,657
Kandi Changxing [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV Company and subsidiaries	16,270,434	16,359,155
Kandi Jinhua [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV Company and subsidiaries	5,091,073	5,050,525
Kandi Jiangsu [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV Company and subsidiaries	355,084	352,587
JV Company [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV Company and subsidiaries	$ 108,622,281	$ 114,492,235

Summarized Information of Equ97

Summarized Information of Equity Method Investment in the JV Company (Details Textual) - USD ($)

Nov. 30, 2016

Oct. 31, 2016

Aug. 31, 2016

Jan. 31, 2014

Dec. 31, 2013

Nov. 30, 2015

Nov. 30, 2013

Mar. 31, 2017

Mar. 31, 2016

Dec. 31, 2016

Oct. 26, 2016

Aug. 31, 2015

Jul. 31, 2013

Mar. 31, 2013

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Amount due from JV company

$ 130,463,405

$ 136,536,159

Short-term debt

32,508,385

34,265,065

Revenue from related parties

1,311,642

$ 16,683,477

Kandi Shanghai [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Amount due from JV company

124,533

281,657

Revenue from related parties

158,201

Kandi Changxing [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Amount due from JV company

16,270,434

16,359,155

Revenue from related parties

160,597

Kandi Jinhua [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Amount due from JV company

5,091,073

5,050,525

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Revenue from related parties

52,264

Kandi Jiangsu [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Amount due from JV company

355,084

352,587

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Revenue from related parties

$ 18,277

JV Company [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

50.00%

50.00%

Amount due from JV company

$ 108,622,281

$ 114,492,235

Short-term debt

42,812,382

Revenue from related parties

$ 1,311,642

$ 13,085,636

Interest rate

4.35%

Sales to JV Company and subsidiaries, description

Sales to the Company's customers, the JV Company and its subsidiaries, for the three months ended March 31, 2017, were $1,311,642 or 31% of the Company's total revenue, a decrease of 90.3% from the same quarter last year. Sales to the JV Company and its subsidiaries were primarily of battery packs, body parts, EV drive motors, EV controllers, air conditioning units and other auto parts.

Consolidated interests of financial statements, description

(1) its 100% interest in Kandi Changxing; (2) its 100% interest in Kandi Jinhua; (3) its 100% interest in JiHeKang; (4) its 100% interest in Kandi Shanghai; (5) its 100% interest in Kandi Jiangsu; (6) its 100% interest in JiHeKang Service; (7) its 100% interest in Jiangsu JiDian; (8) its 100% interest inTianjin BoHaiWan;(9) its 100% interest in Changxing Maintenance; and (10) its 100% interest in Liuchuang. The Company accounted for its investments in the JV Company under the equity method of accounting because the Company has a 50% ownership interest in the JV Company.

Shanghai Guorun [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

50.00%

9.50%

JiHeKang [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

100.00%

Economic interest, percentage

50.00%

50.00%

Indirect ownership interest percentage in JV company

50.00%

Puma Investment [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

50.00%

Economic interest, percentage

25.00%

Indirect ownership interest percentage in JV company

50.00%

Jiangsu JiDian [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Ownership interest percentage owned by JV company

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Changxing Maintenance [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Ownership interest percentage owned by JV company

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Liuchuang [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Ownership interest percentage owned by JV company

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Kandi Vehicles [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

9.50%

Service Company [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

19.00%

JiHeKang Service Company [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Tianjin BoHaiWan [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Ownership interest percentage owned by JV company

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

JV Agreement [Member] | JV Company [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

50.00%

JV Agreement [Member] | Shanghai Guorun [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

50.00%

JV Agreement [Member] | Geely [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

99.00%

JV Agreement [Member] | Kandi Vehicles [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

50.00%

Ownership transfer agreement [Member] | Kandi Shanghai [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Economic interest, percentage

50.00%

Indirect ownership interest percentage in JV company

50.00%

Ownership transfer agreement [Member] | Kandi Changxing [Member]

Summarized Information of Equity Method Investment in the Jv Company (Textual)

Ownership interest, percentage

100.00%

Ownership interest percentage owned by JV company

50.00%

Economic interest, percentage

50.00%

Commitments and Contingencies98

Commitments and Contingencies (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Total	$ 54,277,392	$ 53,845,102
Zhejiang Shuguang Industrial Co Ltd [Member]
Loss Contingencies [Line Items]
Total	4,208,675	4,175,155
Nanlong Group Co Ltd [Member]
Loss Contingencies [Line Items]
Total	2,902,534	2,879,417
Kandi Electric Vehicles Group Co Ltd [Member]
Loss Contingencies [Line Items]
Total	$ 47,166,183	$ 46,790,530

Commitments and Contingencies99

Commitments and Contingencies (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Total	$ 4,620,488
Zhejiang Shuguang Industrial Co Ltd [Member]
Loss Contingencies [Line Items]
Total	$ 4,620,488

Commitments and Contingencie100

Commitments and Contingencies (Details Textual) - USD ($)	Dec. 14, 2015	Mar. 15, 2013	Jul. 20, 2016	Sep. 29, 2015	Mar. 31, 2017
Commitments and Contingencies (Textual)
Accrued liability of estimated contingent losses					$ 4,600,000
Nanlong Group Co Ltd [Member]
Commitments and Contingencies (Textual)
Guarantee for bank loans amount		$ 2,902,534
Description of loans period		Loan period of March 15, 2013, to March 15, 2016.
JV Company [Member]
Commitments and Contingencies (Textual)
Guarantee for bank loans amount	$ 36,281,679		$ 10,884,504
Description of loans period	Loan period of December 14, 2015, to December 13, 2016, which was extended to September 14, 2017.		Loan period of July 20, 2016 to July 19, 2017.
Zhejiang Shuguang Industrial Co Ltd [Member]
Commitments and Contingencies (Textual)
Guarantee for bank loans amount				$ 4,208,675
Description of loans period				Loan period of September 29, 2015, to September 28, 2016.

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Total	$ 4,274,573	$ 50,657,893
Geographic Area [Member]
Segment Reporting Information [Line Items]
Total	$ 4,274,573	$ 50,657,893
Percentage	100.00%	100.00%
China [Member] | Geographic Area [Member]
Segment Reporting Information [Line Items]
Total	$ 2,758,409	$ 50,036,170
Percentage	65.00%	99.00%
Overseas [Member] | Geographic Area [Member]
Segment Reporting Information [Line Items]
Total	$ 1,516,164	$ 621,722
Percentage	35.00%	1.00%

Segment Reporting (Details Text

Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2017Segment
Segment Reporting (Textual)
Number of operating segments	1

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Related Party Transaction [Line Items]
Sales to related parties		$ 3,208,502
The Service Company (Member)
Related Party Transaction [Line Items]
Sales to related parties		$ 3,208,502

Related Party Transactions (104

Related Party Transactions (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Amount due from related party	$ 10,568,992	$ 10,484,816
The Service Company (Member)
Related Party Transaction [Line Items]
Amount due from related party	$ 10,568,992	$ 10,484,816

Related Party Transactions (105

Related Party Transactions (Details Textual) - The Service Company (Member)	Mar. 31, 2017	Nov. 30, 2015	Jul. 31, 2013
Related Party Transaction (Textual)
Ownership interest, percentage	13.00%	50.00%	9.50%
Mr Hu [Member]
Related Party Transaction (Textual)
Ownership interest, percentage	9.50%