Kandi Technologies (KNDI) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 05, 2019
Cover [Abstract]
Entity Registrant Name	Kandi Technologies Group, Inc.
Entity Central Index Key	0001316517
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity File Number	001-33997
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Incorporation State Country Code	DE
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		52,819,441
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 14,338,637	$ 15,662,201
Restricted cash	11,713,004	6,690,870
Accounts receivable (net of allowance for doubtful accounts of $130,420 and $120,010 as of September 30, 2019 and December 31, 2018, respectively)	54,859,801	34,274,728
Inventories	35,447,383	21,997,868
Notes receivable	41,549,888	72,712
Notes receivable from the Affiliate Company and related party		3,861,032
Other receivables	12,859,304	1,264,323
Prepayments and prepaid expense	9,497,459	11,136,408
Due from employees	5,499	1,001
Advances to suppliers	4,474,104	4,705,183
Amount due from the Affiliate Company, net	25,335,894	67,683,462
Right - of - use asset	42,974
TOTAL CURRENT ASSETS	210,123,947	167,349,788
LONG-TERM ASSETS
Property, plant and equipment, net	74,491,204	82,045,923
Land use rights, net	11,084,717	11,749,728
Construction in progress	17,781	0
Deferred taxes assets		8,204
Investment in the Affiliate Company	53,837,011	128,929,893
Goodwill	27,762,120	28,552,215
Intangible assets	3,723,988	4,328,127
Other long term assets	4,803,349	5,865,386
TOTAL Long-Term Assets	175,720,170	261,479,476
TOTAL ASSETS	385,844,117	428,829,264
CURRENT LIABILITIES
Accounts payable	79,632,036	112,309,683
Other payables and accrued expenses	4,843,001	4,251,487
Short-term loans	30,969,731	30,539,236
Customer deposits	33,535	94,408
Notes payable	11,463,004	12,787,619
Income tax payable	1,519,699	3,471,366
Due to employees	7,105	28,473
Deferred income	1,237,556	1,340,605
Lease liability	44,121
Total Current Liabilities	129,749,788	164,822,877
LONG-TERM LIABILITIES
Long term bank loans	27,606,502	28,794,136
Deferred taxes liability	1,758,643	1,711,343
Contingent consideration liability	6,562,000	7,256,000
Other long-term liability		622,034
Total Long-Term Liabilities	35,927,145	38,383,513
TOTAL LIABILITIES	165,676,933	203,206,390
STOCKHOLDER'S EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized; 56,263,102 and 55,992,002 shares issued and 52,839,441 and 51,484,444 outstanding at September 30,2019 and December 31,2018, respectively	52,839	51,484
Less: Treasury stock (487,155 shares with average price of $5.09 and 0 shares at September 30,2019 and December 31,2018, respectively)	(2,477,965)
Additional paid-in capital	259,691,370	254,989,657
Accumulated deficit (the restricted portion is $4,422,033 and $4,422,033 at September 30,2019 and December 31,2018, respectively)	(9,135,198)	(9,497,009)
Accumulated other comprehensive loss	(27,963,862)	(19,921,258)
TOTAL STOCKHOLDERS' EQUITY	220,167,184	225,622,874
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 385,844,117	$ 428,829,264

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Net of allowance for doubtful accounts	$ 130,420	$ 120,010
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	56,263,102	55,992,002
Common stock, outstanding	52,839,441	51,484,444
Treasury stock, average price (in dollars per share)	$ 5.09	$ 0
Treasury stock, shares	487,155	487,155
Retained earnings restricted portion	$ 4,422,033	$ 4,422,033

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
REVENUES FROM UNRELATED PARTY, NET	$ 26,968,385	$ 14,860,034	$ 63,360,044	$ 32,211,352
REVENUES FROM THE AFFILIATE COMPANY AND RELATED PARTY, NET	4,720,159	23,135,326	10,543,190	30,479,521
REVENUES, NET	31,688,544	37,995,360	73,903,234	62,690,873
COST OF GOODS SOLD	(26,412,129)	(31,753,311)	(61,288,228)	(53,044,861)
GROSS PROFIT	5,276,415	6,242,049	12,615,006	9,646,012
OPERATING EXPENSES:
Research and development	(596,187)	(5,691,649)	(1,766,210)	(7,091,836)
Selling and marketing	(930,810)	(898,896)	(2,448,291)	(1,875,294)
General and administrative	(3,432,920)	(2,070,947)	(11,096,246)	(5,534,039)
Total Operating Expenses	(4,959,917)	(8,661,492)	(15,310,747)	(14,501,169)
INCOME (LOSS) FROM OPERATIONS	316,498	(2,419,443)	(2,695,741)	(4,855,157)
OTHER INCOME (EXPENSE):
Interest income	209,736	52,745	559,954	1,452,522
Interest expense	(435,524)	(483,376)	(1,304,062)	(1,505,409)
Change in fair value of contingent consideration	57,000	(1,552,686)	694,000	1,814,326
Government grants	502,146	607,008	725,189	717,821
Gain from equity dilution in the Affiliate Company	(49,285)		4,291,974
Gain from equity sale in the Affiliate Company	20,574,217		20,574,217
Share of loss after tax of the Affiliate Company	(8,433,767)	(3,247,343)	(22,883,126)	(79,592)
Other income, net	57,833	15,735	357,626	666,294
Total other income (expense), net	12,482,356	(4,607,917)	3,015,772	3,065,962
INCOME (LOSS) BEFORE INCOME TAXES	12,798,854	(7,027,360)	320,031	(1,789,195)
INCOME TAX (EXPENSE) BENEFIT	(709,413)	505,961	41,780	370,316
NET INCOME (LOSS)	12,089,441	(6,521,399)	361,811	(1,418,879)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation	(8,531,043)	(8,108,270)	(8,042,604)	(13,230,652)
COMPREHENSIVE INCOME (LOSS)	$ 3,558,398	$ (14,629,669)	$ (7,680,793)	$ (14,649,531)
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC AND DILUTED (in shares)	52,613,642	51,474,048	52,332,260	51,089,047
NET INCOME (LOSS) PER SHARE, BASIC AND DILUTED (in dollars per share)	$ 0.23	$ (0.13)	$ 0.01	$ (0.03)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balances at beginning at Dec. 31, 2017	$ 48,037	$ 233,055,348	$ (3,802,310)	$ (6,310,763)	$ 222,990,312
Balances at beginning (in shares) at Dec. 31, 2017	48,036,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance and award	$ 2,972	19,099,556			19,102,528
Stock issuance and award (in shares)	2,972,337
Foreign currency translation				7,465,240	7,465,240
Net income (loss)			3,727,995		3,727,995
Balances at ending at Mar. 31, 2018	$ 51,009	252,154,904	(74,315)	1,154,477	253,286,075
Balances at ending (in shares) at Mar. 31, 2018	51,008,875
Balances at beginning at Dec. 31, 2017	$ 48,037	233,055,348	(3,802,310)	(6,310,763)	222,990,312
Balances at beginning (in shares) at Dec. 31, 2017	48,036,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					(1,418,879)
Balances at ending at Sep. 30, 2018	$ 51,482	254,980,909	(5,221,189)	(19,541,416)	230,269,786
Balances at ending (in shares) at Sep. 30, 2018	51,481,944
Balances at beginning at Mar. 31, 2018	$ 51,009	252,154,904	(74,315)	1,154,477	253,286,075
Balances at beginning (in shares) at Mar. 31, 2018	51,008,875
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance and award	$ 289	2,038,476			2,038,765
Stock issuance and award (in shares)	288,600
Foreign currency translation				(12,587,622)	(12,587,622)
Net income (loss)			1,374,525		1,374,525
Balances at ending at Jun. 30, 2018	$ 51,298	254,193,380	1,300,210	(11,433,145)	244,111,743
Balances at ending (in shares) at Jun. 30, 2018	51,297,475
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance and award	$ 184	787,529			787,713
Stock issuance and award (in shares)	184,469
Foreign currency translation				(8,108,271)	(8,108,271)
Net income (loss)			(6,521,399)		(6,521,399)
Balances at ending at Sep. 30, 2018	$ 51,482	254,980,909	(5,221,189)	(19,541,416)	230,269,786
Balances at ending (in shares) at Sep. 30, 2018	51,481,944
Balances at beginning at Dec. 31, 2018	$ 51,484	254,989,657	(9,497,009)	(19,921,258)	225,622,874
Balances at beginning (in shares) at Dec. 31, 2018	51,484,444
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance and award	$ 1,097	3,387,379			3,388,476
Stock issuance and award (in shares)	1,096,397
Foreign currency translation				5,404,028	5,404,028
Net income (loss)			(4,409,472)		(4,409,472)
Balances at ending at Mar. 31, 2019	$ 52,581	258,377,036	(13,906,481)	(14,517,230)	230,005,906
Balances at ending (in shares) at Mar. 31, 2019	52,580,841
Balances at beginning at Dec. 31, 2018	$ 51,484	254,989,657	(9,497,009)	(19,921,258)	225,622,874
Balances at beginning (in shares) at Dec. 31, 2018	51,484,444
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					361,811
Balances at ending at Sep. 30, 2019	$ 52,839	259,691,370	(9,135,198)	(27,963,862)	220,167,184
Balances at ending (in shares) at Sep. 30, 2019	52,839,441
Balances at beginning at Mar. 31, 2019	$ 52,581	258,377,036	(13,906,481)	(14,517,230)	230,005,906
Balances at beginning (in shares) at Mar. 31, 2019	52,580,841
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance and award	$ 238	1,259,569			1,259,807
Stock issuance and award (in shares)	238,600
Foreign currency translation				(4,915,589)	(4,915,589)
Net income (loss)			(7,318,158)		(7,318,158)
Balances at ending at Jun. 30, 2019	$ 52,819	259,636,605	(21,224,639)	(19,432,819)	219,031,966
Balances at ending (in shares) at Jun. 30, 2019	52,819,441
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance and award	$ 20	69,380			69,400
Stock issuance and award (in shares)	20,000
Stock buyback					(2,477,965)
Commission in stock buyback		(14,615)			(14,615)
Foreign currency translation				(8,531,043)	(8,531,043)
Net income (loss)			12,089,441		12,089,441
Balances at ending at Sep. 30, 2019	$ 52,839	$ 259,691,370	$ (9,135,198)	$ (27,963,862)	$ 220,167,184
Balances at ending (in shares) at Sep. 30, 2019	52,839,441

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 361,811	$ (1,418,879)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	6,443,422	2,271,599
Impairments	44,544	24,854
Allowance for doubtful accounts	15,366	(7,093)
Deferred taxes	50,693
Share of loss after tax of the Affiliate Company	22,883,126	79,592
Gain from equity dilution in the Affiliate Company	(4,291,974)
Gain from equity sale in the Affiliate Company	(20,574,217)
Change in fair value of contingent consideration	(694,000)	(1,814,326)
Stock compensation cost	1,337,333	253,934
(Increase) Decrease In:
Accounts receivable	(36,822,184)	(52,845,923)
Deferred taxes assets		(52,126)
Notes receivable	174,881	491,272
Notes receivable from the Affiliate Company and related party	437,203	3,196,340
Inventories	(14,813,147)	1,555,993
Other receivables and other assets	(17,275,954)	1,497,230
Due from employee	(25,861)	945
Advances to supplier and prepayments and prepaid expenses	1,357,001	(4,590,404)
Amount due from the Affiliate Company	30,549,072	(81,549,214)
Amount due from Affiliate Company-Long term		15,907,183
Due from related party		161,874
Increase (Decrease) In:
Accounts payable	11,383,411	101,684,965
Other payables and accrued liabilities	7,791,028	29,845,307
Notes payable	(11,836,950)	(12,434,813)
Customer deposits	(59,734)	20,350
Income tax payable	(1,803,574)	(2,353,826)
Deferred income	(56,448)	(761,643)
Net cash used in operating activities	(25,425,152)	(836,809)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment, net	(955,670)	(304,745)
Purchases of land use rights and other intangible assets		(105,480)
Acquisition of Jinhua An Kao (net of cash received)		(3,610,846)
Acquisition of SC Autosports		486,954
Purchases of construction in progress	(18,491)	(425,241)
Reimbursement of capitalize interests for construction in progress		1,818,390
Cash received from equity sale in the Affiliate Company	32,061,558
Long Term Investment		1,458,464
Net cash provided by (used in) investing activities	31,087,397	(682,504)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term bank loans	27,864,409	25,515,452
Repayments of short-term bank loans	(26,261,331)	(26,283,065)
Repayments of long-term bank loans	(145,734)	(153,523)
Proceeds from notes payable		40,313,800
Repayment of notes payable		(43,024,633)
Cash used for stock buyback	(2,492,579)
Net cash used in financing activities	(1,035,235)	(3,631,969)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	4,627,010	(5,151,282)
Effect of exchange rate changes on cash	(928,440)	(512,545)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	22,353,071	16,110,496
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	26,051,641	10,446,669
-CASH AND CASH EQUIVALENTS AT END OF PERIOD	14,338,637	1,342,085
-RESTRICTED CASH AT END OF PERIOD	11,713,004	9,104,584
SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid	1,711,101	1,981,072
Interest paid	1,304,062	1,274,399
SUPPLEMENTAL NON-CASH DISCLOSURES:
Acquisition of Jinhua An Kao by stock		20,718,859
Acquisition of SC Autosports by stock		756,664
Amount due from the Affiliate Company converted to investment in the Affiliate Company		83,669,804
Notes receivable from unrelated parties for equity transfer payment	$ 43,137,369

ORGANIZATION AND PRINCIPAL ACTI

ORGANIZATION AND PRINCIPAL ACTIVITIES	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES Kandi Technologies Group, Inc. (“Kandi Technologies”) was incorporated under the laws of the State of Delaware on March 31, 2004. As used herein, the terms “Company” or “Kandi” refer to Kandi Technologies and its operating subsidiaries, as described below. Headquartered in Jinhua City, Zhejiang Province, People’s Republic of China (“China”), the Company is one of China’s leading producers and manufacturers of electric vehicle (“EV”) products (through the Affiliate Company, formerly defined as the JV Company), EV parts, and off-road vehicles for sale in Chinese and global markets. The Company conducts its primary business operations through its wholly-owned subsidiaries, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), Kandi Vehicles’ wholly and partially-owned subsidiaries, and SC Autosports LLC (“SC Autosports”). The Company’s organizational chart as of September 30, 2019 is as follows: On March 21, 2019, Kandi Vehicle signed an Equity Transfer Agreement (the “Transfer Agreement”) with Geely Technologies Group Co., Ltd. (“Geely”) to transfer certain equity interests in the Kandi Electric Vehicles Group Co., Ltd. (the “Affiliate Company”, formerly defined as the “JV Company”) to Geely. Pursuant to the Transfer Agreement, the Affiliate Company converted a loan of RMB 314 million (approximately $46.7 million) from Geely last year to equity in order to increase its cash flow. As a result, the registered capital of the Affiliate Company became RMB 2.40 billion (approximately $336.3 million), of which Kandi Vehicles then owned 43.47% and Geely owned 56.53%, respectively, upon the conversion of the loan into equity in the Affiliate Company. After that, Kandi Vehicles further agreed to sell 21.47% of its equity interests in the Affiliate Company to Geely for a total amount of RMB 516 million (approximately $72.3 million). As of September 29, 2019, Kandi Vehicles has received payments in cash totaling RMB 220 million (approximately $30.9 million) and certain commercial acceptance notes of RMB 296 million (approximately $41.6 million), of which RMB 140 million (approximately $19.7 million) shall mature on January 20, 2020 and the remaining RMB 156 million (approximately $21.9 million) shall mature on March 29, 2020. As a result of the completion of the equity transfer on September 29, 2019, Kandi Vehicles now owns 22% and Geely and its affiliates own 78% of the equity interests of the Affiliate Company. As now the Company only owns 22% of the JV Company, it was redefined as the Affiliate Company. The Company’s primary business operations consist of designing, developing, manufacturing and commercializing EV products (through Kandi Electric Vehicles (Hainan) Co., Ltd. and the Affiliate Company), EV parts and off-road vehicles. As part of its strategic objective of becoming a leading manufacturer of EV products (through the Affiliate Company) and related services, the Company has increased its focus on pure EV-related products, and is actively pursuing expansion in the Chinese and international markets, especially the U.S. market.

LIQUIDITY

LIQUIDITY	9 Months Ended
	Sep. 30, 2019
Liquidity [Abstract]
LIQUIDITY	NOTE 2 - LIQUIDITY The Company had a working capital of $80,374,159 as of September 30, 2019, an increase of $77,847,248 from a working capital of $2,526,911 as of December 31, 2018. As of September 30, 2019 and December 31, 2018, the Company’s cash and cash equivalents was $14,338,637 and $ 15,662,201, respectively, the Company’s restricted cash was $11,713,004 and $6,690,870, respectively. During the first quarter of 2019, the Company signed an agreement to sell 21.47% of its equity interests in the Affiliate Company to Geely for a total amount of RMB 516 million (approximately $72.3 million). As of September 29, 2019, the Company has received payments in cash totaling RMB 220 million (approximately $30.9 million) and certain commercial acceptance notes of RMB 296 million (approximately $41.6 million) from Geely, of which RMB 140 million (approximately $19.7 million) shall mature on January 20, 2020 and the remaining RMB 156 million (approximately $21.9 million) shall mature on March 29, 2020. The Company plans to apply the proceeds from the equity transfer to its ongoing operations. The cash flow and operating capacity of the Company will be greatly improved after receiving the above payments. Although the Company expects that most of its outstanding trade receivables from customers will be collected in the next twelve months, there are uncertainties with respect to the timing in collecting these receivables, especially the receivables due from the Affiliate Company, because most of them are indirectly impacted by the progress of the receipt of government subsidies. The Company’s primary need for liquidity stems from its need to fund working capital requirements of the Company’s businesses, its capital expenditures and its general operations, including debt repayment. The Company has historically financed its operations through short-term commercial bank loans from Chinese banks, as well as its ongoing operating activities by using funds from operations, external credit or financing arrangements. The Company routinely monitors current and expected operational requirements and financial market conditions to evaluate the use of available financing sources. Considering the existing working capital position and the ability to access debt funding sources, the management believes that the Company’s operations and borrowing resources are sufficient to provide for its current and foreseeable capital requirements to support its ongoing operations for the next twelve months.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2019
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 3 - BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim information, and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by U.S. GAAP for annual financial statements. In the management’s opinion, the interim financial statements reflect all normal adjustments that are necessary to provide a fair presentation of the financial results for the interim periods presented. Operating results for interim periods are not necessarily indicative of results that may be expected for an entire fiscal year. The condensed consolidated balance sheet as of December 31, 2018 has been derived from the audited consolidated financial statements as of such date. For a more complete understanding of the Company’s business, financial position, operating results, cash flows, risk factors and other matters, please refer to its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (the “2018 Form 10-K”).

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	9 Months Ended
	Sep. 30, 2019
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) Jinhua Kandi New Energy Vehicles Co., Ltd. (“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) YongkangScrou Electric Co, Ltd. (“YongkangScrou”), a wholly-owned subsidiary of Kandi Vehicles in China; (5) Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), a subsidiary in China, 10% owned by Kandi New Energy and 90% owned by Kandi Vehicles; (6) Jinhua An Kao Power Technology Co., Ltd. (“Jinhua An Kao”), a wholly-owned subsidiary of Kandi Vehicles in China; and (7) SC Autosports, a wholly-owned subsidiary of the Company in the U.S. 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: The Affiliate Company, a 22% owned subsidiary of Kandi Vehicles and its subsidiaries All intra-entity profits and losses with regard to the Company’s equity method investees have been eliminated.

USE OF ESTIMATES

USE OF ESTIMATES	9 Months Ended
	Sep. 30, 2019
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	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 6 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Our significant accounting policies are detailed in “Note 2 - Summary of Significant Accounting Policies” of the Company 2018 Form 10-K.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NOTE 7 - NEW ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02, together with subsequent Accounting Standards Updates collectively known as the “leases standard” or “ASC 842”. ASC 842 requires a lessee recognize the assets and liabilities that arise from leases. All leases create an asset and a liability for the lessee in accordance with FASB Concepts Statement No. 6, Elements of Financial Statements. Effective January 1, 2019, the Company adopted the new standard using the effective date approach. The Company elected to adopt both the transition relief provided in ASU 2018-11 and the package of practical expedients which allowed us, among other things, to retain historical lease classifications and accounting for any leases that existed prior to adoption of the standard. Additionally, the management elected the practical expedients allowing the Company not to separate lease and non-lease components and not record leases with an initial term of twelve months or less (“short-term leases”) on the balance sheet across all existing asset classes. Adoption of the new standard resulted in the recording of operating lease assets and operating lease liabilities of $140,000 as of January 1, 2019, which primarily relates to the corporate office leases for SC Autosports. The standard did not materially impact the condensed consolidated statements of operations or cash flows. Adopting the new standard did not have a material impact on the accounting for leases under which the Company is the lessee. In January 2017, the FASB issued ASU No. 2017-04 (Topic 350) Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment, which removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Under the amended guidance, a goodwill impairment charge will now be recognized for the amount by which the carrying value of a reporting unit exceeds its fair value, not to exceed the carrying amount of goodwill. This ASU will be applied on a prospective basis and is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted for any impairment tests performed after January 1, 2017. The Company plans to adopt this ASU in the fourth quarter of 2019 and does not expect the adoption to have a material impact on the Consolidated Financial Statements. In February 2018, the FASB released ASU 2018-2, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” This standard update addresses a specific consequence of the Tax Cuts and Jobs Act (“U.S. tax reform”) and allows a reclassification from accumulated other comprehensive income to retained earnings for the stranded tax effects resulting from U.S. tax reform. Consequently, the update eliminates the stranded tax effects that were created as a result of the historical U.S. federal corporate income tax rate to the newly enacted U.S. federal corporate income tax rate. The Company is required to adopt this standard in the first quarter of fiscal year 2020, with early adoption permitted. The amendments in this update should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company has finished the evaluation and determined there is no impact of on its Condensed Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13 Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds, and modifies certain disclosure requirements for fair value measurements under ASC 820. This ASU is to be applied on a prospective basis for certain modified or new disclosure requirements, and all other amendments in the standard are to be applied on a retrospective basis. The new standard is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adoption on the Consolidated Financial Statements.

CONCENTRATIONS

CONCENTRATIONS	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE 8 - CONCENTRATIONS (a) Customers For the three-month period ended September 30, 2019, the Company’s major customers, each of whom accounted for more than 10% of the Company’s consolidated revenue, were as follows: Sales Trade Receivable Three Months Three Months Ended Ended September 30, September 30, September 30, December 31, Major Customers 2019 2018 2019 2018 Customer A 30 % 24 % 27 % 22 % Customer B 30 % 4 % 12 % 2 % Kandi Electric Vehicles Group Co., Ltd. and its subsidiaries (related party) 15 % 61 % 30 % 66 % Customer D 10 % - 8 % 7 % For the nine-month period ended September 30, 2019, the Company’s major customers, each of whom accounted for more than 10% of the Company’s consolidated revenue, were as follows: Sales Trade Receivable Nine Months Nine Months Ended Ended September 30, September 30, September 30, December 31, Major Customers 2019 2018 2019 2018 Customer A 39 % 24 % 27 % 22 % Customer B 23 % 6 % 12 % 2 % Kandi Electric Vehicles Group Co., Ltd. and its subsidiaries (related party) 14 % 49 % 30 % 66 % (b) Suppliers For the three-month period ended September 30, 2019, 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 September 30, September 30, September 30, December 31 Major Suppliers 2019 2018 2019 2018 Supplier E 93 % - 12 % - For the nine-month period ended September 30, 2019, 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 Nine Months Nine Months Ended Ended September 30, September 30, September 30, December 31, Major Suppliers 2019 2018 2019 2018 Supplier E 67 % - 12 % - Supplier F 13 % 3 % 6 % -

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	NOTE 9 - EARNINGS (LOSS) 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 and warrants (using treasury stock method). Due to the average market price of the common stock during the period below the exercise price of the options, approximately 3,900,000 options were excluded from the calculation of diluted net loss per share, for the three and nine months ended September 30, 2019, respectively. Due to the loss from operations, approximately 3,900,000 options were excluded from the calculation of diluted net loss per share, for the three and nine months ended September 30, 2018, respectively. The following is the calculation of earnings per share for the three-month periods ended September 30, 2019 and 2018: For three months ended September 30, 2019 2018 Net income (loss) $ 12,089,441 $ (6,521,399 ) Weighted average shares used in basic computation 52,613,642 51,474,048 Dilutive shares - - Weighted average shares used in diluted computation 52,613,642 51,474,048 Earnings (Loss) per share: Basic and diluted $ 0.23 $ (0.13 ) The following is the calculation of earnings per share for the nine-month periods ended September 30, 2019 and 2018: For nine months ended September 30, 2019 2018 Net income (loss) $ 361,811 $ (1,418,879 ) Weighted average shares used in basic computation 52,332,260 51,089,047 Dilutive shares - - Weighted average shares used in diluted computation 52,332,260 51,089,047 Earnings (Loss) per share: Basic and diluted $ 0.01 $ (0.03 )

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
ACCOUNTS RECEIVABLE	NOTE 10 - ACCOUNTS RECEIVABLE Accounts receivable are summarized as follows: September 30, December 31, 2019 2018 Accounts receivable $ 54,990,221 $ 34,394,738 Less: allowance for doubtful accounts (130,420 ) (120,010 ) Accounts receivable, net $ 54,859,801 $ 34,274,728

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 11 - INVENTORIES Inventories are summarized as follows: September 30, December 31, 2019 2018 Raw material $ 11,192,506 $ 7,040,728 Work-in-progress 13,778,920 1,571,179 Finished goods 10,475,957 13,385,961 Inventories $ 35,447,383 $ 21,997,868

NOTES RECEIVABLE

NOTES RECEIVABLE	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
NOTES RECEIVABLE	NOTE 12 - NOTES RECEIVABLE As of September 30, 2019, there was $41,549,888 notes receivable from unrelated parties, among which $70,067 were bank acceptance notes from payments for sales and $41,479,821 were commercial acceptance notes from payments for equity transfer of the Affiliate Company (refer to Note 24-summarized information of equity method investment in the Affiliate Company ). As of December 31, 2018, there was $72,712 notes receivable from unrelated parties, among which $72,712 were bank acceptance notes from payments for sales. As of September 30, 2019, there was $0 notes receivable from the Affiliate Company and related parties. As of December 31, 2018. there was $3,861,032 notes receivable from the Affiliate Company and related parties, among which $3,861,032 were bank acceptance notes from payments for sales.

OTHER RECEIVABLES

OTHER RECEIVABLES	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
OTHER RECEIVABLES	NOTE 13 - Other receivables Other receivable is summarized as follows: September 30, December 31, 2019 2018 Loan to third party $ 9,187,863 $ - Others 3,671,441 1,264,323 Total other receivables $ 12,859,304 $ 1,264,323 As of September 30, 2019, the Company’s other receivable includes $9.2 million short-term loan lent to an unrelated party with a 6% annual interest rate to maximize the use of idled cash. This loan can be redeemed at any time.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	NOTE 14 - PROPERTY, PLANT AND EQUIPMENT, NET Property, plants and equipment as of September 30, 2019 and December 31, 2018, consisted of the following: September 30, December 31, 2019 2018 At cost: Buildings $ 29,703,216 $ 30,638,417 Machinery and equipment 61,376,817 63,398,627 Office equipment 998,625 852,172 Motor vehicles and other transport equipment 403,253 418,476 Molds and others 25,420,383 26,849,806 117,902,294 122,157,498 Less : Accumulated depreciation Buildings $ (5,579,392 ) $ (5,019,075 ) Machinery and equipment (12,395,351 ) (8,442,940 ) Office equipment (464,806 ) (393,893 ) Motor vehicles and other transport equipment (344,633 ) (325,917 ) Molds and others (24,626,908 ) (25,486,100 ) (43,411,090 ) (39,667,925 ) Less: impairment - (443,650 ) Property, plant and equipment, net $ 74,491,204 $ 82,045,923 As of September 30, 2019 and December 31, 2018, the net book value of property, plant and equipment pledged as collateral for the Company’s bank loans totaled $7,441,479 and $8,105,419, respectively. Also see Note 18. Depreciation expenses for the three months ended September 30, 2019 and September 30, 2018 were $1,832,83 and $239,434, respectively. Depreciation expenses for the nine months ended September 30, 2019 and September 30, 2018 were $5,724,863 and $1,511,018, respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 15 - INTANGIBLE ASSETS Intangible assets include acquired other intangibles of trade name, customer relations and patent recorded at estimated fair values in accordance with purchase accounting guidelines for acquisitions. The following table provides the gross carrying value and accumulated amortization for each major class of our intangible assets, other than goodwill: Remaining September 30, December 31, useful life 2019 2018 Gross carrying amount: Trade name 2.25 years $ 492,235 $ 492,235 Customer relations 2.25 years 304,086 304,086 Patent 5.75-7.42 years 4,456,278 4,624,513 5,252,599 5,420,834 Less : Accumulated amortization Trade name $ (376,366 ) $ (338,307 ) Customer relations (232,505 ) (208,993 ) Patent (919,740 ) (545,407 ) (1,528,611 ) (1,092,707 ) Intangible assets, net $ 3,723,988 $ 4,328,127 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 $154,027 and $157,817 for the three months ended September 30, 2019 and 2018, respectively. And $471,497 and $493,405 for the nine months ended September 30, 2019 and 2018, respectively. Amortization expenses for the next five years and thereafter are as follows: 2019 (Three Months) $ 157,166 2020 628,663 2021 628,663 2022 549,304 2023 546,568 Thereafter 1,213,624 Total $ 3,723,988

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET	9 Months Ended
	Sep. 30, 2019
Land Use Rights [Abstract]
LAND USE RIGHTS, NET	NOTE 16 - LAND USE RIGHTS, NET The Company’s land use rights consist of the following: September 30, December 31, 2019 2018 Cost of land use rights $ 14,382,544 $ 14,925,518 Less: Accumulated amortization (3,297,827 ) (3,175,790 ) Land use rights, net $ 11,084,717 $ 11,749,728 As of September 30, 2019 and December 31, 2018, the net book value of land use rights pledged as collateral for the Company’s bank loans was $7,366,117 and $7,756,253, respectively. Also see Note 18. The amortization expenses for the three months ended September 30, 2019 and September 30, 2018, were $80,462 and $82,586, respectively. The amortization expenses for the nine months ended September 30, 2019 and September 30, 2018, were $247,061 and $267,177, respectively. Amortization expenses for the next five years and thereafter is as follows: 2019 (Three Months) $ 82,354 2020 329,415 2021 329,415 2022 329,415 2023 329,415 Thereafter 9,684,703 Total $ 11,084,717

CONSTRUCTION-IN-PROGRESS

CONSTRUCTION-IN-PROGRESS	9 Months Ended
	Sep. 30, 2019
Construction-in-progress
CONSTRUCTION-IN-PROGRESS	NOTE 17 - CONSTRUCTION-IN-PROGRESS In September 2019, in order to further increase the production capacity, YongkangScrou started building a factory of efficient new energy vehicle drive motors with a space of 6,639.9 square meters on the basis of the original plant. The total contract amount was RMB 6.6 million (approximately $0.9 million). The project is expected to be completed by 2020. As of September 30, 2019 and December 31, 2018, the Company’s Construction-in-Progress (“CIP”) were $17,781 and $0, respectively. No depreciation is provided for CIP until such time as the facility is completed and placed into operation. There was no interest expense capitalized for CIP for the three and nine months ended September 30, 2019.

SHORT-TERM AND LONG-TERM BANK L

SHORT-TERM AND LONG-TERM BANK LOANS	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
SHORT-TERM AND LONG-TERM BANK LOANS	NOTE 18 - SHORT-TERM AND LONG-TERM BANK LOANS Short-term loans are summarized as follows: September 30, December 31, 2019 2018 Loans from China Ever-bright Bank Interest rate 5.655% per annum, paid off on April 18, 2019, secured by the assets of Kandi Vehicle, guaranteed by Mr. Hu Xiaoming and his wife, also guaranteed by company’s subsidiaries.Also see Note 14 and Note 16. - 10,179,745 Loans from Hangzhou Bank Interest rate 5.66% per annum, paid off on October 14, 2019, secured by the assets of Kandi Vehicle, also guaranteed by company’s subsidiaries. Also see Note 14 and Note 16. 6,838,565 7,096,737 Interest rate 5.66% per annum, due on December 31, 2019, secured by the assets of Kandi Vehicle, also guaranteed by company’s subsidiaries. Also see Note 14 and Note 16. 5,605,381 5,816,997 Interest rate 5.66% per annum, due on July 4, 2020,secured by the assets of Kandi Vehicle, also guaranteed by company’s subsidiaries. Also see Note 14 and Note 16. 4,512,332 4,682,683 Interest rate 5.66% per annum, paid off on April 24, 2019, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. - 2,763,074 Loans from Agricultural Bank of China Interest rate 5.22% per annum, due on April 18, 2020, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. 4,204,036 - Interest rate 5.22% per annum, due on April 23, 2020, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. 5,605,381 - Interest rate 5.22% per annum, due on May 3, 2020, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. 4,204,036 - $ 30,969,731 $ 30,539,236 Long-term loans are summarized as follows: September 30, December 31, 2019 2018 Loans from Haikou Rural Credit Cooperative Interest rate 7% per annum, due on December 12, 2021, guaranteed by Kandi Vehicle and Kandi New Energy. 27,606,502 28,794,136 $ 27,606,502 28,794,136 The interest expenses of short-term and long-term bank loans for the three months ended September 30, 2019, and 2018 were $435,524 and $426,167, respectively. The interest expenses of short-term and long-term bank loans for the nine months ended September 30, 2019, and 2018 were $1,304,062 and $1,274,399, respectively. As of September 30, 2019, the aggregate amount of short-term and long-term loans guaranteed by various third parties was $0.

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 19 - NOTES PAYABLE Notes payable is presented to certain suppliers as a payment against the outstanding trade payable. Notes payable are mainly bank acceptance notes and commercial acceptance notes which are non-interest bearing and generally mature within one year. As of September 30, 2019, there was $11,463,004 notes payable, among which$11,463,004 was bank acceptance notes. As of December 31, 2018, there was $12,787,619 notes payable, among which$ 8,767,670 were bank acceptance notes, $2,763,074 were commercial acceptance notes and $1,256,875 were other notes payable. $11,463,004 and $6,440,870 were held as collateral for the notes payable as of September 30, 2019 and December 31, 2018, respectively.

TAXES

TAXES	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
TAXES	NOTE 20 - 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 and Jinhua Ankao qualify as High and New Technology Enterprise (“HNTE”) companies in the PRC, and are entitled to pay a reduced income tax rate of 15% for the years presented. A HNTE Certificate is valid for three years. An entity may re-apply for an HNTE certificate when the prior certificate expires. Historically, Kandi Vehicles has successfully re-applied for such certificates when the its prior certificates expired. Jinhua Ankao has been qualified as HNTE since 2018. Therefore no records for renewal are available. The applicable CIT rate of each of the Company’s three other subsidiaries, Kandi New Energy, Yongkang Scrou and Kandi Hainan, the Affiliate Company and its subsidiaries is 25%. The Company’s tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter the Company updates its estimate of the annual effective tax rate, and if its estimated tax rate changes, the management makes a cumulative adjustment. For 2019, the management estimates that its effective tax rate will be favorably affected by non-taxable income such as the share of income of the Affiliate Company and the gain from the change of fair value of contingent liabilities and certain research and development super-deduction and adversely affected by non-deductible expenses such as part of entertainment expenses. The Company records valuation allowances against the deferred tax assets associated with losses for which we may not realize a related tax benefit. After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s effective tax rates for the nine months ended September 30, 2019, and 2018 were a tax benefit of 13.05% on a reported income before taxes of approximately $0.3 million, and an effective income tax rate with a tax benefit of 20.70% for the same period of last year on a reported loss before taxes of approximately $1.8 million, respectively. The quarterly tax provision, and the quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss, acquisitions (including integrations) and investments, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, return to provision true-up, foreign currency gains (losses), changes in regulations and interpretations related to tax, accounting, and other areas. Additionally, our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. The income tax provision for the nine months ended September 30, 2019 and 2018 was tax benefit of $41,780 and tax benefit of $370,316, respectively. Effective January 1, 2007, the Company adopted the guidance in ASC 740 relating 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 December 31, 2018, 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 September 30, 2019, 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 September 30, 2019 the Company has no accrued interest or penalties related to uncertain tax positions. The aggregate NOLs in 2018 was $28.1 million deriving from entities in the PRC and Hong Kong. the aggregate NOLs in 2017 was $22.7 million deriving from entities in the PRC, Hong Kong and U.S. The NOLs will start to expire from 2021 if they are not used. The cumulative net operating loss in the PRC can be carried forward for five years, to offset future net profits for income tax purposes. The cumulative net operating loss Pre-2018 in the U.S. can be carried forward for twenty years. The cumulative net operating loss in Hong Kong can be carried forward without an expiration date. (b) Tax Holiday Effect For the nine months ended September 30, 2019 and 2018, the PRC CIT rate was 25%. Certain subsidiaries of the Company are entitled to tax exemptions (tax holidays) for the nine months ended September 30, 2019 and 2018. The combined effects of income tax expense exemptions and reductions available to the Company for the nine months ended September 30, 2019 and 2018 are as follows: Nine Months Ended September 30, 2019 2018 Tax benefit (holiday) credit $ 377,303 $ 1,345,541 Basic net income per share effect $ 0.000 $ 0.000 (c) The Tax Cuts and Job Act On December 22, 2017, the SEC staff issued Staff Accounting Bulletin (SAB) No. 118, which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot determine a provisional estimate to be included in its financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. In connection with our initial analysis of the impact of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”), the Company recorded provisional estimates related to the re-measurement of deferred taxes and the Deemed Repatriation Transition Tax in our financial statements for the fiscal year ended December 31, 2017. The measurement period ended on December 22, 2018. As of December 22, 2018, we have completed the accounting for the impact of the Tax Act based on the guidance, interpretations, and data available. No adjustments to these provisional estimates have been recorded. Under the Tax Act, Global Intangible Low-Taxed Income (” GILTI “) tax rules the Company must make an accounting policy election to either (1) recognize taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factor such amount into the Company’s measure of its deferred taxes (the “deferred method”). The Company elected to treat the GILTI as a current-period expense when incurred.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	NOTE 21 – LEASES The Company has corporate office leases for SC Autosports, with a term of 37 months from January 31, 2017 to January 31, 2020. The monthly lease payment is $11,000. The Company adopted ASC 842 to record operating lease assets and operating lease liabilities as of January 1, 2019, with a remaining lease term of 13 months and discount rate of 4.75%. As of September 30, 2019, the Company’s right - of - use asset was $ 42,974 and lease liability was $44,121. For three months and nine months ended September 30, 2019, the Company’s lease expense was $33,000 and $99,000, respectively. Maturities of lease liabilities as of September 30, 2019 were as follow: Maturity of Lease Liabilities: 2019 (Three Months) $ 32,611 2020 11,510 Total $ 44,121

CONTINGENT CONSIDERATION LIABIL

CONTINGENT CONSIDERATION LIABILITY	9 Months Ended
	Sep. 30, 2019
Business Combination, Contingent Consideration, Liability [Abstract]
CONTINGENT CONSIDERATION LIABILITY	NOTE 22 – CONTINGENT CONSIDERATION LIABILITY On January 3, 2018, the Company completed the acquisition of 100% of the equity of Jinhua An Kao. The Company paid approximately RMB 25.93 million (approximately $4 million) at the closing of the transaction using cash on hand and issued a total of 2,959,837 shares of restrictive stock or 6.2% of the Company’s total outstanding shares of the common stock valued at approximately $20.7 million to the former shareholder of Jinhua An Kao and his designees (the “An Kao Shareholders”), and may be required to pay future consideration up to an additional 2,959,837 shares of common stock, which are being held in escrow, to be released contingent upon the achievement of certain net income-based milestones in next three years. Any escrowed shares that are not released from escrow to the An Kao Shareholders for failure to achieve the milestones will be forfeited and returned to the Company for cancellation. While the escrowed shares are held in escrow, the Company will retain all voting rights with respect to the shares. For the year ended December 31, 2018, Jinhua An Kao achieved its first year net profit target. According to the agreement, the former shareholders of An Kao received 739,959 shares of Kandi’s restrictive common stock or 12.5% of total Kandi stock in the purchase price. On July 1, 2018, the Company completed the acquisition of 100% of the equity of SC Autosports. The Company issued a total of 171,969 shares of restrictive stock or approximately 0.3% of the Company’s total outstanding shares of the common stock valued at approximately $0.8 million at the closing of transaction to the former members of SC Autosports within 30 days from the signing date of the Transfer Agreement, and may be required to pay future consideration up to an additional 1,547,721 shares of common stock, which are being held in escrow, to be released contingent upon the achievement of certain pre-tax profit based milestones in the next three years. Any escrowed shares that are not released from escrow to the SC Autosports former members for failure to achieve the milestones will be forfeited and returned to the Company for cancellation. While the escrowed shares are held in escrow, the Company will retain all voting rights with respect to the shares. For the year ended December 31, 2018, SC Autosports achieved its first year pre-tax profit target. According to the agreement, the former members of SC Autosports received 343,938 shares of Kandi’s restrictive common stock or 20% of total Kandi stock in the purchase price. The Company recorded contingent consideration liability of the estimated fair value of the contingent consideration the Company currently expects to pay to Jinahua Ankao and SC Autosports’ former members upon the achievement of certain milestones. The fair value of the contingent consideration liability associated with remaining shares of restrictive common stock was estimated by using the Monte Carlo simulation method, which took into account all possible scenarios. This fair value measurement is classified as Level 3 within the fair value hierarchy prescribed by ASC Topic 820, Fair Value Measurement and Disclosures. In accordance with ASC Topic 805, Business Combinations, the Company will re-measure this liability each reporting period and record changes in the fair value through a separate line item within the Company’s consolidated statements of Income. As of September 30, 2019 and December 31, 2018, the Company’s contingent consideration liability was $6,562,000 and $7,256,000, respectively.

STOCK AWARD

STOCK AWARD	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
STOCK AWARD	NOTE 23 - STOCK AWARD In connection with the appointment of Mr. Henry Yu as a member of the Board of Directors (the “Board”), the Board authorized the Company to compensate Mr. Henry Yu with 5,000 shares of Company’s restricted common stock every six months as compensation, beginning in July 2011. As compensation for Mr. Jerry Lewin’s services as a member of the Board, the Board authorized the Company to compensate Mr. Jerry Lewin with 5,000 shares of Company’s restricted common stock every six months, beginning in August 2011. As compensation for Ms. Kewa Luo’s services as the Company’s investor relation officer, the Board authorized the Company to compensate Ms. Kewa Luo with 5,000 shares of the 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, to hire him as the Company’s Chief Financial Officer. Under the agreement, Mr. Mei Bing was entitled to receive an aggregate 10,000 shares of common stock each year, vested in four equal quarterly installments of 2,500 shares. On January 29, 2019, Mr. Mei resigned from his position as the Company’s CFO. On January 29, 2019, the board appointed Ms. Zhu Xiaoying as interim Chief Financial Officer. Ms. Zhu was entitled to receive 10,000 shares of the common stock annually under the Company’s 2008 Omnibus Long-Term Incentive Plan (the “2008 Plan”) as a year-end equity bonus. 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. The fair value of each award granted under the 2008 Plan is determined based on the closing price of the Company’s stock on the date of grant of such award. On September 26, 2016, the Board approved to terminate the previous Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan and adopted a new plan to grant the total number of shares of common stock of the stock award for selected executives and key employees 250,000 shares of common stock for each fiscal year. On April 18, 2018, the Board authorized the Company to grant 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On April 30, 2019, the Board authorized the Company to grant 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. For three months ended September 30, 2019 and 2018, the Company recognized $22,925 and $31,675 of employee stock award expenses for stock compensation and annual incentive award under the 2008 Plan paid to Board members, management and consultants under General and Administrative Expenses, respectively. For nine months ended September 30, 2019 and 2018, the Company recognized $1,337,333 and $1,311,885 of employee stock award expenses for stock compensation and annual incentive award under the 2008 Plan paid to Board members, management and consultants under General and Administrative Expenses, respectively.

SUMMARIZED INFORMATION OF EQUIT

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY	9 Months Ended
	Sep. 30, 2019
Summarized Information of Equity Method Investment in the JV Company [Abstract]
SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY	NOTE 24 - SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY The Company’s condensed consolidated net income (loss) 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 (loss) 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 (loss) 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. On March 21, 2019, Kandi Vehicle signed an Equity Transfer Agreement with Geely Technologies Group Co., Ltd. to transfer certain equity interests in the Affiliate Company to Geely. Pursuant to the Transfer Agreement, the Affiliate Company converted a loan of RMB 314 million (approximately $46.7 million) from Geely Group last year to equity in order to increase its cash flow. As a result, the registered capital of the Affiliate Company became RMB 2.40 billion (approximately $336.3 million), of which Kandi Vehicles owned 43.47% and Geely owned 56.53%, respectively, upon the conversion of the loan into equity in the Affiliate Company (the “March Affiliate Loan to Equity Conversion”). Kandi Vehicles further agree to sell 21.47% of its equity interests in the Affiliate Company to Geely for a total amount of RMB 516 million (approximately $72.3 million) (the “Affiliate Equity Transfer”). Kandi Vehicles shall own 22% of the equity interests of the Affiliate Company as a result of the transfer. As of September 29, 2019, the Company has received payments in cash totaling RMB 220 million (approximately $30.9 million) and certain commercial acceptance notes of RMB 296 million (approximately $41.6 million) from Geely, of which RMB 140 million (approximately $19.7 million) shall mature on January 20, 2020 and the remaining RMB 156 million (approximately $21.9 million) shall mature on March 29, 2020. As of September 30, 2019, the equity transfer has been completed. Therefore, in the third quarter of 2019, the Company has recognized the gain from equity sale of $20,574,217. The Company accounted for its investments in the Affiliate Company under the equity method of accounting. Since the March Affiliate Loan to Equity Conversion was completed at the very end of the first quarter, the Company still recorded 50% of the Affiliate Company’s loss for the first quarter of 2019. Starting from the second quarter of the 2019, since the equity interests in the Affiliate Company have been reduced to 43.47% and the Affiliate Equity Transfer was completed at the very end of the third quarter, the Company recorded 43.47% of the Affiliate Company’s loss for the second and third quarter of 2019. The consolidated results of operations and financial position of the Affiliate Company are summarized below: Three Months ended September 30, 2019 2018 Condensed income statement information: Net sales $ 520,275 $ 19,880,543 Gross loss (377,700 ) 3,133,283 Gross margin -72.6 % 15.8 % Net(loss) income (19,435,546 ) (5,860,746 ) Nine Months ended September 30, 2019 2018 Condensed income statement information: Net sales $ 4,605,880 $ 73,292,774 Gross (loss) profits (3,006,051 ) 4,007,896 Gross margin -65.3 % 5.5 % Net (loss) income (49,986,119 ) (87,969 ) September 30, December 31, 2019 2018 Condensed balance sheet information: Current assets $ 609,002,781 $ 751,143,254 Noncurrent assets 65,386,057 140,736,300 Total assets $ 674,388,838 $ 891,879,554 Current liabilities 429,675,791 633,711,465 Noncurrent liabilities - - Equity 244,713,047 258,168,089 Total liabilities and equity $ 674,388,838 $ 891,879,554 Note: The following table illustrates the captions used in the Company’s Income Statements for its equity based investment in the Affiliate Company. The Company’s equity method investments in the Affiliate Company for the nine months ended September 30, 2019 and 2018 are as follows: Nine Months ended September 30, 2019 2018 Investment in the Affiliate Company, beginning of the period, $ 128,929,893 $ 70,681,013 Investment in Affiliate Company in 2018 - 79,370,859 Investment decreased in 2019 (72,309,417 ) Gain from equity dilution 4,291,974 - Gain from equity sale 20,574,217 - Company’s share in net (loss) income of Affiliate based on 50% ownership for three months ended March 31, 2019, 43.47% (1) (23,025,049 ) (43,985 ) Intercompany transaction elimination (12,557 ) (484,037 ) Year 2018 unrealized profit realized 154,480 448,429 Subtotal (22,883,126 ) (79,593 ) Exchange difference (4,766,530 ) (3,699,548 ) Investment in Affiliate Company, end of the period $ 53,837,011 $ 146,272,731 (1) Represents the rounded result of dividing RMB1,045 million (the Company’s ownership interest in the Affiliate Company) by RMB2,404 million (the Affiliate Company’s total equity interest). We used the actual result and kept full decimals when calculating the Company’s share in net (loss) income of the Affiliate Company. The gain from equity dilution for nine months ended September 30, 2019 resulted from the Affiliate Company issuing shares to the Affiliate Company partner, Greely, in exchange for extinguishment of a loan from Greely, resulting in dilution of equity ownership of the Company from 50% to 43.47%. This dilutive transaction was treated as if the Company sold a proportional share of its investment in the Affiliate Company. Sales to the Company’s customers, the Affiliate Company and its subsidiaries, for the three months ended September 30, 2019, were $4,720,159 or 14.9% of the Company’s total revenue, a decrease of 79.6% from $23,135,326 of the same quarter last year. Sales to the Company’s customers, the Affiliate Company and its subsidiaries, for the nine months ended September 30, 2019, were $10,543,190 or 14.3% of the Company’s total revenue, a decrease of 65.4% from $30,479,521 of the same quarter last year. Sales to the Affiliate Company and its subsidiaries were primarily of battery packs, body parts, EV drive motors, EV controllers, air conditioning units and other auto parts. As of September 30, 2019 and December 31, 2018, the net current and noncurrent net amount due from the Affiliate Company and its subsidiaries, was $25,335,894 and $67,683,462, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 25 - COMMITMENTS AND CONTINGENCIES Guarantees and pledged collateral for bank loans to other parties (1) Guarantees for bank loans September 30, December 31, Guarantee provided to 2019 2018 Kandi Electric Vehicles Group Co., Ltd. - 7,271,247 Kandi Electric Vehicles Jiangsu Co., Ltd. - 7,271,247 Total $ - $ 14,542,494 On March 15, 2013, the Company entered into a guarantee contract to serve as the guarantor of Nanlong Group Co., Ltd. (“NGCL”) for NGCL’s $2,802,691 (RMB 20 million) loan 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. Under this guarantee contract, the Company agreed to assume joint liability as the loan guarantor. In April 2017, Shanghai Pudong Development Bank filed a lawsuit against NGCL, the Company and ten other parties in Zhejiang Province People’s Court in Yongkang City, alleging NGCL defaulted on a bank loan borrowed from Shanghai Pudong Development Bank for a principal amount of approximately $2.9 million and demanded that the guarantor bear the liability for compensation. On May 27, 2017, a judicial mediation took place in Yongkang City and parties reached a settlement in mediation, in which the plaintiff agreed NGCL would repay the loan principal and interest in installments. So long as NGCL repays the principal and interest according to the agreement, the plaintiff will not ask the Company for recovery. As of the date of this report, the Company expects the likelihood of incurring losses in connection with this matter to be remote. 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 $4,063,901 (RMB 29 million) 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 failed to perform its obligations as set forth therein. In August 2016, Ping An Bank Yiwu Branch (“Ping An Bank”) filed a lawsuit against ZSICL, the Company, and three other parties in Zhejiang Province People’s Court in Yiwu City, alleging ZSICL defaulted on a bank loan it had borrowed from Pin An Bank for a principal amount of RMB 29 million or approximately $4.2 million (the “Principal”), for which the Company was a guarantor along with other three parties. On December 25, 2016, the court ruled that ZSICL should repay Ping An Bank the principal and associated interest remaining on the bank loan within 10 days once the adjudication was effective. Additionally, the court found that the Company and the three other parties, acting as guarantors, have joint liability for this bank loan. On July 31, 2017, the Company and Ping An Bank reached an agreement to settle. According to the agreement, the Company was to pay Ping An Bank RMB 20 million or approximately $3.0 million in four installments before October 31, 2017 to release the Company from its guarantor liability for this default. As of October 31, 2017, the Company has paid all four installments totaling RMB 20 million or approximately $3.0 million to Ping An Bank and thus the Company has been released from its guarantor liability for this default. According to the Company’s agreement with ZSICL, ZSICL agreed to reimburse all the Company’s losses due to ZSICL’s default on the loan principal and interests, of which RMB 11.9 million has been reimbursed to the Company as of the date of this report and the remainder is expected to be reimbursed in installments within next two years. The Company expects the likelihood of incurring losses in connection with this matter to be low. On August 29, 2018, the Company entered into a guarantee contract to serve as the guarantor for the Affiliate Company for bank acceptance notes in the aggregate amount of $2,942,825 (RMB 21 million) from Bank of China, with a related period of August 29, 2018 to February 29, 2019, and which were paid off on February 29, 2019 by the Affiliate Company. On August 30, 2018, the Company entered into a guarantee contract to serve as the guarantor for Kandi Jiangsu for bank loans in the aggregate amount of $7,006,726 (RMB 50 million) from China Merchants Bank Nantong branch, with a related loan period of August 31, 2018 to February 28, 2019, and was paid off on February 1, 2019. On February 1, 2019, the loan was renewed with a term of February 1, 2019 to July 31, 2019 and was paid off on July 31, 2019 by Kandi Jiangsu. On September 3, 2018, the Company entered into a guarantee contract to serve as the guarantor for the Affiliate Company for bank acceptance notes in the aggregate amount of $4,063,901 (RMB 29 million) from Bank of China, with a related period of September 3, 2018 to March 3, 2019 and was paid off on March 3, 2019 by the Affiliate Company. (2) Pledged collateral for bank loans to other parties. As of September 30, 2019 and December 31, 2018, none of the Company’s land use rights or plants and equipment were pledged as collateral securing bank loans to other parties. Construction commitment In September 2019, in order to further increase the production capacity, YongkangScrou started building a factory of efficient new energy vehicle drive motors with a space of 6,639.9 square meters on the basis of the original plant. The total contract amount was RMB 6.6 million (approximately $0.9 million). The project is expected to be completed by 2020. Litigation Beginning in March 2017, putative shareholder class actions were filed against Kandi and certain of its current and former directors and officers in the United States District Court for the Central District of California and the United States District Court for the Southern District of New York. The complaints generally alleged violations of the federal securities laws based Kandi’s disclosure in March 2017 that its financial statements for the years 2014, 2015 and the first three quarters of 2016 would need to be restated, and seek damages on behalf of putative classes of shareholders who purchased or acquired Kandi’s securities prior to March 13, 2017. Kandi moved to dismiss the remaining cases, all of which were pending in the New York federal court, and that motion was granted by an order entered on September 30, 2019, and the time to appeal has run. Beginning in May 2017, purported shareholder derivative actions based on the same underlying events described above were filed against certain current and former directors of Kandi in the United States District Court for the Southern District of New York. The New York federal court confirmed the voluntary dismissal of these actions in April 2019. In October 2017, a shareholder filed a books and records action against the Company in the Delaware Court of Chancery pursuant to 8 Del. C. Section 220 seeking the production of certain documents generally relating to the same underlying items described above as well as attorney’s fees (the “Section 220 Litigation”). On September 28, 2018, the parties, through their respective counsel, agreed to dismiss the Section 220 Litigation with prejudice and with each party bearing its own attorney’s fees, costs, and expenses, thereby concluding the action. In February 2019, this same shareholder commenced a derivative action against certain current and former directors of Kandi in the Delaware Court of Chancery. A motion to dismiss this derivative action was filed in May 2019 and remains pending. Separately, in connection with allegations of misconduct identified in pre-suit demands made by putative shareholders of Kandi, Kandi formed a Special Litigation Committee (“SLC”) and retained Delaware law firm as independent counsel to the SLC to aid in the SLC’s investigation of, and to ultimately report on, the allegations of misconduct set forth in the pre-suit demands. The investigation remains ongoing. While the Company believes that the claims in these litigations are without merit and will defend itself vigorously, the Company is unable to estimate the possible loss, if any, associated with these litigations. The ultimate outcome of any litigation is uncertain and the outcome of these matters, whether favorable or unfavorable, could have a negative impact on the Company’s financial condition or results of operations due to defense costs, diversion of management resources and other factors. Defending litigation can be costly, and adverse results in the Litigations could result in substantial monetary judgments. No assurance can be made that litigation will not have a material adverse effect on the Company’s future financial position.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 26 - 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 does not have manufacturing operations outside of China. The following table sets forth disaggregation of revenue: Three Months Ended 2019 2018 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 5,703,050 $ 5,849,353 China 25,985,494 32,146,007 Total $ 31,688,544 $ 37,995,360 Major products EV parts $ 25,847,506 $ 32,065,497 Off-road vehicles 5,841,038 5,929,863 Total $ 31,688,544 $ 37,995,360 Timing of revenue recognition Products transferred at a point in time $ 31,688,544 $ 37,995,360 Nine Months Ended 2019 2018 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 15,975,711 $ 8,337,793 China 57,927,523 54,353,080 Total $ 73,903,234 $ 62,690,873 Major products EV parts $ 57,607,687 $ 53,947,874 Off-road vehicles 16,295,547 8,742,999 Total $ 73,903,234 $ 62,690,873 Timing of revenue recognition Products transferred at a point in time $ 73,903,234 $ 62,690,873

CONCENTRATIONS (Tables)

CONCENTRATIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Schedule of concentration percentage	For the three-month period ended September 30, 2019, the Company’s major customers, each of whom accounted for more than 10% of the Company’s consolidated revenue, were as follows: Sales Trade Receivable Three Months Three Months Ended Ended September 30, September 30, September 30, December 31, Major Customers 2019 2018 2019 2018 Customer A 30 % 24 % 27 % 22 % Customer B 30 % 4 % 12 % 2 % Kandi Electric Vehicles Group Co., Ltd. and its subsidiaries (related party) 15 % 61 % 30 % 66 % Customer D 10 % - 8 % 7 % For the nine-month period ended September 30, 2019, the Company’s major customers, each of whom accounted for more than 10% of the Company’s consolidated revenue, were as follows: Sales Trade Receivable Nine Months Nine Months Ended Ended September 30, September 30, September 30, December 31, Major Customers 2019 2018 2019 2018 Customer A 39 % 24 % 27 % 22 % Customer B 23 % 6 % 12 % 2 % Kandi Electric Vehicles Group Co., Ltd. and its subsidiaries (related party) 14 % 49 % 30 % 66 %
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Schedule of concentration percentage	For the three-month period ended September 30, 2019, 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 September 30, September 30, September 30, December 31 Major Suppliers 2019 2018 2019 2018 Supplier E 93 % - 12 % - For the nine-month period ended September 30, 2019, 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 Nine Months Nine Months Ended Ended September 30, September 30, September 30, December 31, Major Suppliers 2019 2018 2019 2018 Supplier E 67 % - 12 % - Supplier F 13 % 3 % 6 % -

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings (loss) per share	The following is the calculation of earnings per share for the three-month periods ended September 30, 2019 and 2018: For three months ended September 30, 2019 2018 Net income (loss) $ 12,089,441 $ (6,521,399 ) Weighted average shares used in basic computation 52,613,642 51,474,048 Dilutive shares - - Weighted average shares used in diluted computation 52,613,642 51,474,048 Earnings (Loss) per share: Basic and diluted $ 0.23 $ (0.13 ) The following is the calculation of earnings per share for the nine-month periods ended September 30, 2019 and 2018: For nine months ended September 30, 2019 2018 Net income (loss) $ 361,811 $ (1,418,879 ) Weighted average shares used in basic computation 52,332,260 51,089,047 Dilutive shares - - Weighted average shares used in diluted computation 52,332,260 51,089,047 Earnings (Loss) per share: Basic and diluted $ 0.01 $ (0.03 )

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable are summarized as follows: September 30, December 31, 2019 2018 Accounts receivable $ 54,990,221 $ 34,394,738 Less: allowance for doubtful accounts (130,420 ) (120,010 ) Accounts receivable, net $ 54,859,801 $ 34,274,728

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories are summarized as follows: September 30, December 31, 2019 2018 Raw material $ 11,192,506 $ 7,040,728 Work-in-progress 13,778,920 1,571,179 Finished goods 10,475,957 13,385,961 Inventories $ 35,447,383 $ 21,997,868

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of other receivable	Other receivable is summarized as follows: September 30, December 31, 2019 2018 Loan to third party $ 9,187,863 $ - Others 3,671,441 1,264,323 Total other receivables $ 12,859,304 $ 1,264,323

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of property, plants and equipment	Property, plants and equipment as of September 30, 2019 and December 31, 2018, consisted of the following: September 30, December 31, 2019 2018 At cost: Buildings $ 29,703,216 $ 30,638,417 Machinery and equipment 61,376,817 63,398,627 Office equipment 998,625 852,172 Motor vehicles and other transport equipment 403,253 418,476 Molds and others 25,420,383 26,849,806 117,902,294 122,157,498 Less : Accumulated depreciation Buildings $ (5,579,392 ) $ (5,019,075 ) Machinery and equipment (12,395,351 ) (8,442,940 ) Office equipment (464,806 ) (393,893 ) Motor vehicles and other transport equipment (344,633 ) (325,917 ) Molds and others (24,626,908 ) (25,486,100 ) (43,411,090 ) (39,667,925 ) Less: impairment - (443,650 ) Property, plant and equipment, net $ 74,491,204 $ 82,045,923

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill	The following table provides the gross carrying value and accumulated amortization for each major class of our intangible assets, other than goodwill: Remaining September 30, December 31, useful life 2019 2018 Gross carrying amount: Trade name 2.25 years $ 492,235 $ 492,235 Customer relations 2.25 years 304,086 304,086 Patent 5.75-7.42 years 4,456,278 4,624,513 5,252,599 5,420,834 Less : Accumulated amortization Trade name $ (376,366 ) $ (338,307 ) Customer relations (232,505 ) (208,993 ) Patent (919,740 ) (545,407 ) (1,528,611 ) (1,092,707 ) Intangible assets, net $ 3,723,988 $ 4,328,127
Schedule of amortization expenses	Amortization expenses for the next five years and thereafter are as follows: 2019 (Three Months) $ 157,166 2020 628,663 2021 628,663 2022 549,304 2023 546,568 Thereafter 1,213,624 Total $ 3,723,988

LAND USE RIGHTS, NET (Tables)

LAND USE RIGHTS, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Land Use Rights [Abstract]
Schedule of land use rights	The Company’s land use rights consist of the following: September 30, December 31, 2019 2018 Cost of land use rights $ 14,382,544 $ 14,925,518 Less: Accumulated amortization (3,297,827 ) (3,175,790 ) Land use rights, net $ 11,084,717 $ 11,749,728
Schedule of amortization expense	The amortization expenses for the nine months ended September 30, 2019 and September 30, 2018, were $247,061 and $267,177, respectively. Amortization expenses for the next five years and thereafter is as follows: 2019 (Three Months) $ 82,354 2020 329,415 2021 329,415 2022 329,415 2023 329,415 Thereafter 9,684,703 Total $ 11,084,717

SHORT-TERM AND LONG-TERM BANK_2

SHORT-TERM AND LONG-TERM BANK LOANS (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of short-term loan	Short-term loans are summarized as follows: September 30, December 31, 2019 2018 Loans from China Ever-bright Bank Interest rate 5.655% per annum, paid off on April 18, 2019, secured by the assets of Kandi Vehicle, guaranteed by Mr. Hu Xiaoming and his wife, also guaranteed by company’s subsidiaries.Also see Note 14 and Note 16. - 10,179,745 Loans from Hangzhou Bank Interest rate 5.66% per annum, paid off on October 14, 2019, secured by the assets of Kandi Vehicle, also guaranteed by company’s subsidiaries. Also see Note 14 and Note 16. 6,838,565 7,096,737 Interest rate 5.66% per annum, due on December 31, 2019, secured by the assets of Kandi Vehicle, also guaranteed by company’s subsidiaries. Also see Note 14 and Note 16. 5,605,381 5,816,997 Interest rate 5.66% per annum, due on July 4, 2020,secured by the assets of Kandi Vehicle, also guaranteed by company’s subsidiaries. Also see Note 14 and Note 16. 4,512,332 4,682,683 Interest rate 5.66% per annum, paid off on April 24, 2019, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. - 2,763,074 Loans from Agricultural Bank of China Interest rate 5.22% per annum, due on April 18, 2020, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. 4,204,036 - Interest rate 5.22% per annum, due on April 23, 2020, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. 5,605,381 - Interest rate 5.22% per annum, due on May 3, 2020, secured by the assets of Kandi Vehicle. Also see Note 14 and Note 16. 4,204,036 - $ 30,969,731 $ 30,539,236
Schedule of long-term loan	Long-term loans are summarized as follows: September 30, December 31, 2019 2018 Loans from Haikou Rural Credit Cooperative Interest rate 7% per annum, due on December 12, 2021, guaranteed by Kandi Vehicle and Kandi New Energy. 27,606,502 28,794,136 $ 27,606,502 28,794,136

TAXES (Tables)

TAXES (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of income tax expense exemptions and reductions	The combined effects of income tax expense exemptions and reductions available to the Company for the nine months ended September 30, 2019 and 2018 are as follows: Nine Months Ended September 30, 2019 2018 Tax benefit (holiday) credit $ 377,303 $ 1,345,541 Basic net income per share effect $ 0.000 $ 0.000

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of maturities of lease liabilities	Maturities of lease liabilities as of September 30, 2019 were as follow: Maturity of Lease Liabilities: 2019 (Three Months) $ 32,611 2020 11,510 Total $ 44,121

SUMMARIZED INFORMATION OF EQU_2

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY (Tables)	9 Months Ended
	Sep. 30, 2019
Summarized Information of Equity Method Investment in the JV Company [Abstract]
Schedule of condensed income statement information	The consolidated results of operations and financial position of the Affiliate Company are summarized below: Three Months ended September 30, 2019 2018 Condensed income statement information: Net sales $ 520,275 $ 19,880,543 Gross loss (377,700 ) 3,133,283 Gross margin -72.6 % 15.8 % Net(loss) income (19,435,546 ) (5,860,746 ) Nine Months ended September 30, 2019 2018 Condensed income statement information: Net sales $ 4,605,880 $ 73,292,774 Gross (loss) profits (3,006,051 ) 4,007,896 Gross margin -65.3 % 5.5 % Net (loss) income (49,986,119 ) (87,969 )
Schedule of condensed balance sheet information	September 30, December 31, 2019 2018 Condensed balance sheet information: Current assets $ 609,002,781 $ 751,143,254 Noncurrent assets 65,386,057 140,736,300 Total assets $ 674,388,838 $ 891,879,554 Current liabilities 429,675,791 633,711,465 Noncurrent liabilities - - Equity 244,713,047 258,168,089 Total liabilities and equity $ 674,388,838 $ 891,879,554
Schedule of equity method investments	The Company’s equity method investments in the Affiliate Company for the nine months ended September 30, 2019 and 2018 are as follows: Nine Months ended September 30, 2019 2018 Investment in the Affiliate Company, beginning of the period, $ 128,929,893 $ 70,681,013 Investment in Affiliate Company in 2018 - 79,370,859 Investment decreased in 2019 (72,309,417 ) Gain from equity dilution 4,291,974 - Gain from equity sale 20,574,217 - Company’s share in net (loss) income of Affiliate based on 50% ownership for three months ended March 31, 2019, 43.47% (1) (23,025,049 ) (43,985 ) Intercompany transaction elimination (12,557 ) (484,037 ) Year 2018 unrealized profit realized 154,480 448,429 Subtotal (22,883,126 ) (79,593 ) Exchange difference (4,766,530 ) (3,699,548 ) Investment in Affiliate Company, end of the period $ 53,837,011 $ 146,272,731 (1) Represents the rounded result of dividing RMB1,045 million (the Company’s ownership interest in the Affiliate Company) by RMB2,404 million (the Affiliate Company’s total equity interest). We used the actual result and kept full decimals when calculating the Company’s share in net (loss) income of the Affiliate Company.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of guarantees for bank loans	(1) Guarantees for bank loans September 30, December 31, Guarantee provided to 2019 2018 Kandi Electric Vehicles Group Co., Ltd. - 7,271,247 Kandi Electric Vehicles Jiangsu Co., Ltd. - 7,271,247 Total $ - $ 14,542,494

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of revenues by geographic area	The following table sets forth disaggregation of revenue: Three Months Ended 2019 2018 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 5,703,050 $ 5,849,353 China 25,985,494 32,146,007 Total $ 31,688,544 $ 37,995,360 Major products EV parts $ 25,847,506 $ 32,065,497 Off-road vehicles 5,841,038 5,929,863 Total $ 31,688,544 $ 37,995,360 Timing of revenue recognition Products transferred at a point in time $ 31,688,544 $ 37,995,360 Nine Months Ended 2019 2018 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 15,975,711 $ 8,337,793 China 57,927,523 54,353,080 Total $ 73,903,234 $ 62,690,873 Major products EV parts $ 57,607,687 $ 53,947,874 Off-road vehicles 16,295,547 8,742,999 Total $ 73,903,234 $ 62,690,873 Timing of revenue recognition Products transferred at a point in time $ 73,903,234 $ 62,690,873

ORGANIZATION AND PRINCIPAL AC_2

ORGANIZATION AND PRINCIPAL ACTIVITIES (Details Narrative)	Mar. 29, 2019USD ($)	Mar. 29, 2019CNY (¥)	Mar. 21, 2019	Mar. 29, 2019CNY (¥)	Apr. 30, 2013	Apr. 30, 2012
Geely [Member]
Organization and Principal Activities (Textual)
Cash proceeds from affiliates | $	$ 30,900,000
Equity method investments on affiliate | $	72,300,000
Geely [Member] | RMB
Organization and Principal Activities (Textual)
Cash proceeds from affiliates | ¥		¥ 220,000,000
Equity method investments on affiliate | ¥				¥ 516,000,000
Geely [Member] | Commercial Acceptance Notes [Member]
Organization and Principal Activities (Textual)
Face value of commercial acceptance notes | $	41,600,000
Geely [Member] | Commercial Acceptance Notes [Member] | RMB
Organization and Principal Activities (Textual)
Face value of commercial acceptance notes | ¥				296,000,000
Geely [Member] | Commercial Acceptance Notes Due on January 20, 2020 [Member]
Organization and Principal Activities (Textual)
Face value of commercial acceptance notes | $	19,700,000
Geely [Member] | Commercial Acceptance Notes Due on January 20, 2020 [Member] | RMB
Organization and Principal Activities (Textual)
Face value of commercial acceptance notes | ¥				140,000,000
Geely [Member] | Commercial Acceptance Notes Due on March 29, 2020 [Member]
Organization and Principal Activities (Textual)
Face value of commercial acceptance notes | $	$ 21,900,000
Geely [Member] | Commercial Acceptance Notes Due on March 29, 2020 [Member] | RMB
Organization and Principal Activities (Textual)
Face value of commercial acceptance notes | ¥				¥ 156,000,000
Zuozhongyou Electric Vehicles Service (Hangzhou) Co., Ltd [Member] | Ownership Transfer Agreement [Member]
Organization and Principal Activities (Textual)
Description of acquisition agreement			On March 21, 2019, Kandi Vehicle signed an Equity Transfer Agreement (the “Transfer Agreement”) with Geely Technologies Group Co., Ltd. (“Geely”) to transfer certain equity interests in the Kandi Electric Vehicles Group Co., Ltd. (the “Affiliate Company”, formerly defined as the “JV Company”) to Geely. Pursuant to the Transfer Agreement, the Affiliate Company converted a loan of RMB 314 million (approximately $46.7 million) from Geely last year to equity in order to increase its cash flow. As a result, the registered capital of the Affiliate Company became RMB 2.40 billion (approximately $336.3 million), of which Kandi Vehicles then owned 43.47% and Geely owned 56.53%, respectively, upon the conversion of the loan into equity in the Affiliate Company. After that, Kandi Vehicles further agreed to sell 21.47% of its equity interests in the Affiliate Company to Geely for a total amount of RMB 516 million (approximately $72.3 million). As of September 29, 2019, Kandi Vehicles has received payments in cash totaling RMB 220 million (approximately $30.9 million) and certain commercial acceptance notes of RMB 296 million (approximately $41.6 million), of which RMB 140 million (approximately $19.7 million) shall mature on January 20, 2020 and the remaining RMB 156 million (approximately $21.9 million) shall mature on March 29, 2020. As a result of the completion of the equity transfer on September 29, 2019, Kandi Vehicles now owns 22% and Geely and its affiliates own 78% of the equity interests of the Affiliate Company. As now the Company only owns 22% of the JV Company, it was redefined as the Affiliate Company.
Kandi New Energy [Member]
Organization and Principal Activities (Textual)
Percentage of ownership acquisition					10.00%
Kandi Hainan [Member]
Organization and Principal Activities (Textual)
Percentage of ownership acquisition					90.00%
Yongkang Scrou [Member]
Organization and Principal Activities (Textual)
Percentage of ownership acquisition						100.00%

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative)	Mar. 29, 2019USD ($)	Mar. 29, 2019CNY (¥)	Sep. 30, 2019USD ($)	Mar. 29, 2019CNY (¥)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)
Liquidity (Textual)
Working capital			$ 80,374,159		$ 2,526,911
Working capital increase			77,847,248
Cash and cash equivalents			14,338,637		15,662,201	$ 1,342,085
Restricted cash			$ 11,713,004		$ 6,690,870
Geely [Member]
Liquidity (Textual)
Equity interests	21.47%			21.47%
Equity method investments on affiliate	$ 72,300,000
Cash proceeds from affiliates	30,900,000
Geely [Member] | Commercial Acceptance Notes [Member]
Liquidity (Textual)
Face value of commercial acceptance notes	41,600,000
Geely [Member] | Commercial Acceptance Notes Due on January 20, 2020 [Member]
Liquidity (Textual)
Face value of commercial acceptance notes	19,700,000
Geely [Member] | Commercial Acceptance Notes Due on March 29, 2020 [Member]
Liquidity (Textual)
Face value of commercial acceptance notes	$ 21,900,000
Geely [Member] | RMB [Member]
Liquidity (Textual)
Equity method investments on affiliate | ¥				¥ 516,000,000
Cash proceeds from affiliates | ¥		¥ 220,000,000
Geely [Member] | RMB [Member] | Commercial Acceptance Notes [Member]
Liquidity (Textual)
Face value of commercial acceptance notes | ¥				296,000,000
Geely [Member] | RMB [Member] | Commercial Acceptance Notes Due on January 20, 2020 [Member]
Liquidity (Textual)
Face value of commercial acceptance notes | ¥				140,000,000
Geely [Member] | RMB [Member] | Commercial Acceptance Notes Due on March 29, 2020 [Member]
Liquidity (Textual)
Face value of commercial acceptance notes | ¥				¥ 156,000,000

PRINCIPLES OF CONSOLIDATION (De

PRINCIPLES OF CONSOLIDATION (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Kandi Hainan [Member] | Kandi Vehicles [Member]
Percentage owned in subsidiary	90.00%
Kandi New Energy [Member] | Kandi Vehicles [Member]
Percentage owned in subsidiary	50.00%
Percentage of economic benefits, voting rights and residual interests	100.00%
Kandi New Energy [Member] | Mr. Hu Xiaoming [Member]
Percentage owned in subsidiary	50.00%
Kandi New Energy [Member] | Kandi Hainan [Member]
Percentage owned in subsidiary	10.00%
Affiliate Company And Its Subsidiaries M[ember] | Kandi Vehicles [Member]
Percentage of ownership interest	22.00%

NEW ACCOUNTING PRONOUNCEMENTS (

NEW ACCOUNTING PRONOUNCEMENTS (Details Narrative) - USD ($)	Sep. 30, 2019	Jan. 02, 2019	Dec. 31, 2018
New Accounting Pronouncements
Operating lease assets	$ 42,974	$ 140,000
Operating lease liabilities	$ 44,121	$ 140,000

CONCENTRATIONS (Details)

CONCENTRATIONS (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Sales [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	30.00%	24.00%	39.00%	24.00%
Sales [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	30.00%	4.00%	23.00%	6.00%
Sales [Member] | Kandi Electric Vehicles Group Co Ltd [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%	61.00%	14.00%	49.00%
Sales [Member] | Customer D [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Trade Receivable [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			27.00%		22.00%
Trade Receivable [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			12.00%		2.00%
Trade Receivable [Member] | Kandi Electric Vehicles Group Co Ltd [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			30.00%		66.00%
Trade Receivable [Member] | Customer D [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			8.00%		7.00%

CONCENTRATIONS (Details 1)

CONCENTRATIONS (Details 1)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Purchase [Member] | Supplier E [Member]
Concentration Risk [Line Items]
Concentration percentage	93.00%		67.00%
Purchase [Member] | Supplier F [Member]
Concentration Risk [Line Items]
Concentration percentage			13.00%	3.00%
Accounts Payable [Member] | Supplier E [Member]
Concentration Risk [Line Items]
Concentration percentage			12.00%
Accounts Payable [Member] | Supplier F [Member]
Concentration Risk [Line Items]
Concentration percentage			6.00%

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Customer Concentration Risk [Member]
Concentrations (Textual)
Concentration risk, percentage	10.00%	10.00%
Supplier Concentration Risk [Member]
Concentrations (Textual)
Concentration risk, percentage	10.00%	10.00%

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ 12,089,441	$ (7,318,158)	$ (4,409,472)	$ (6,521,399)	$ 1,374,525	$ 3,727,995	$ 361,811	$ (1,418,879)
Weighted average shares used in basic computation	52,613,642			51,474,048			52,332,260	51,089,047
Dilutive shares
Earnings (Loss) per share:
Basic and diluted	$ 0.23			$ (0.13)			$ 0.01	$ (0.03)

EARNINGS (LOSS) PER SHARE (De_2

EARNINGS (LOSS) PER SHARE (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Potentially dilutive shares	3,900,000	3,900,000	3,900,000	3,900,000

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Accounts receivable	$ 54,990,221	$ 34,394,738
Less: allowance for doubtful accounts	(130,420)	(120,010)
Accounts receivable, net	$ 54,859,801	$ 34,274,728

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw material	$ 11,192,506	$ 7,040,728
Work-in-progress	13,778,920	1,571,179
Finished goods	10,475,957	13,385,961
Inventories	$ 35,447,383	$ 21,997,868

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Notes receivable	$ 41,549,888	$ 72,712
Unrelated Parties [Member]
Notes receivable	41,549,888	72,712
Bank acceptance notes	70,067	72,712
Commercial acceptance notes	41,479,821
Affiliate Company And Related Parties [Member]
Notes receivable	$ 0	3,861,032
Bank acceptance notes		$ 3,861,032

OTHER RECEIVABLES (Details)

OTHER RECEIVABLES (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Loan to third party	$ 9,187,863
Others	3,671,441	1,264,323
Total other receivables	$ 12,859,304	$ 1,264,323

OTHER RECEIVABLES (Details Narr

OTHER RECEIVABLES (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Other receivable	$ 12,859,304	$ 1,264,323
Short-Term Loan [Member]
Other receivable	$ 9,200,000
Interest rate	6.00%

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
At cost:	$ 117,902,294	$ 122,157,498
Less : Accumulated depreciation	(43,411,090)	(39,667,925)
Less: impairment		(443,650)
Property, plant and equipment, net	74,491,204	82,045,923
Buildings [Member]
Property, Plant and Equipment [Line Items]
At cost:	29,703,216	30,638,417
Less : Accumulated depreciation	(5,579,392)	(5,019,075)
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
At cost:	61,376,817	63,398,627
Less : Accumulated depreciation	(12,395,351)	(8,442,940)
Office equipment [Member]
Property, Plant and Equipment [Line Items]
At cost:	998,625	852,172
Less : Accumulated depreciation	(464,806)	(393,893)
Motor vehicles and other transport equipment [Member]
Property, Plant and Equipment [Line Items]
At cost:	403,253	418,476
Less : Accumulated depreciation	(344,633)	(325,917)
Molds and others [Member]
Property, Plant and Equipment [Line Items]
At cost:	25,420,383	26,849,806
Less : Accumulated depreciation	$ (24,626,908)	$ (25,486,100)

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property, Plant and Equipment (Textual)
Net book value of property, plant and equipment pledged as collateral bank loans	$ 7,441,479		$ 7,441,479		$ 8,105,419
Depreciation expenses	$ 183,283	$ 239,434	$ 5,724,863	$ 1,511,018

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Gross carrying amount:
Gross carrying value of intangible assets	$ 5,252,599	$ 5,420,834
Less : Accumulated amortization	(1,528,611)	(1,092,707)
Intangible assets, net	3,723,988	4,328,127
Trade Name [Member]
Gross carrying amount:
Gross carrying value of intangible assets	492,235	492,235
Less : Accumulated amortization	$ (376,366)	(338,307)
Remaining useful life	2 years 3 months
Customer Relations [Member]
Gross carrying amount:
Gross carrying value of intangible assets	$ 304,086	304,086
Less : Accumulated amortization	$ (232,505)	(208,993)
Remaining useful life	2 years 3 months
Patent [Member]
Gross carrying amount:
Gross carrying value of intangible assets	$ 4,456,278	4,624,513
Less : Accumulated amortization	$ (919,740)	$ (545,407)
Patent [Member] | Maximum [Member]
Gross carrying amount:
Remaining useful life	7 years 1 month 1 day
Patent [Member] | Minimum [Member]
Gross carrying amount:
Remaining useful life	5 years 9 months

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
2019 (Three Months)	$ 157,166
2020	628,663
2021	628,663
2022	549,304
2023	546,568
Thereafter	1,213,624
Total	$ 3,723,988	$ 4,328,127

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses for intangible assets	$ 154,027	$ 157,817	$ 471,497	$ 493,405

LAND USE RIGHTS, NET (Details)

LAND USE RIGHTS, NET (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Land Use Rights [Abstract]
Cost of land use rights	$ 14,382,544	$ 14,925,518
Less: Accumulated amortization	(3,297,827)	(3,175,790)
Land use rights, net	$ 11,084,717	$ 11,749,728

LAND USE RIGHTS, NET (Details 1

LAND USE RIGHTS, NET (Details 1) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Land Use Rights [Abstract]
2019 (Three Months)	$ 82,354
2020	329,415
2021	329,415
2022	329,415
2023	329,415
Thereafter	9,684,703
Land use rights, net	$ 11,084,717	$ 11,749,728

LAND USE RIGHTS, NET (Details N

LAND USE RIGHTS, NET (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Land Use Rights [Abstract]
Net book value of land use rights pledged as collateral	$ 7,366,117		$ 7,366,117		$ 7,756,253
Land use rights, amortization expenses	$ 80,462	$ 82,586	$ 247,061	$ 267,177

CONSTRUCTION-IN-PROGRESS (Detai

CONSTRUCTION-IN-PROGRESS (Details Narrative)	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019CNY (¥)	Dec. 31, 2018USD ($)
Construction-in-Progress	$ 17,781		$ 0
YongkangScrou Electric Co, Ltd. [Member]
Total contract amount	$ 900,000
Factory reconstruction project expected to be complated	2020
YongkangScrou Electric Co, Ltd. [Member] | RMB
Total contract amount | ¥		¥ 6,600,000

SHORT-TERM AND LONG-TERM BANK_3

SHORT-TERM AND LONG-TERM BANK LOANS (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Summary of short-term loans
Short-term loans	$ 30,969,731	$ 30,539,236
Loans from China Ever-bright Bank [Member]
Summary of short-term loans
Short-term loans		10,179,745
Loans from Hangzhou Bank [Member] | Paid Off October 14, 2019 [Member]
Summary of short-term loans
Short-term loans	6,838,565	7,096,737
Loans from Hangzhou Bank [Member] | Paid off on July 1, 2019 [Member]
Summary of short-term loans
Short-term loans	5,605,381	5,816,997
Loans from Hangzhou Bank [Member] | Due On July 4, 2020 [Member]
Summary of short-term loans
Short-term loans	4,512,332	4,682,683
Loans from Hangzhou Bank [Member] | Paid off on April 24, 2019 [Member]
Summary of short-term loans
Short-term loans		2,763,074
Loans from Agricultural Bank of China [Member] | Due on April 18, 2020 [Member]
Summary of short-term loans
Short-term loans	4,204,036
Loans from Agricultural Bank of China [Member] | Due on April 23, 2020 [Member]
Summary of short-term loans
Short-term loans	5,605,381
Loans from Agricultural Bank of China [Member] | Due on May 03, 2020 [Member]
Summary of short-term loans
Short-term loans	$ 4,204,036

SHORT-TERM AND LONG-TERM BANK_4

SHORT-TERM AND LONG-TERM BANK LOANS (Details) (Parenthetical)	9 Months Ended
	Sep. 30, 2019
Paid off on April 18, 2019 [Member] | Loans from China Ever-bright Bank [Member]
Summary of short-term loans
Interest rate	5.655%
Paid off date	Apr. 18, 2019
Due on October 14, 2019 [Member] | Loans from Hangzhou Bank [Member]
Summary of short-term loans
Interest rate	5.66%
Paid off date	Oct. 14, 2019
Paid off on July 1, 2019 [Member] | Loans from Hangzhou Bank [Member]
Summary of short-term loans
Interest rate	5.66%
Due date	Dec. 31, 2019
Paid off on July 4, 2019 [Member] | Loans from Hangzhou Bank [Member]
Summary of short-term loans
Interest rate	5.66%
Due date	Jul. 4, 2020
Paid off on April 24, 2019 [Member] | Loans from Hangzhou Bank [Member]
Summary of short-term loans
Interest rate	5.66%
Due date	Apr. 24, 2019
Due on April 18, 2020 [Member] | Loans from Agricultural Bank of China [Member]
Summary of short-term loans
Interest rate	5.22%
Due date	Apr. 18, 2020
Due on April 23, 2020 [Member] | Loans from Agricultural Bank of China [Member]
Summary of short-term loans
Interest rate	5.22%
Due date	Apr. 23, 2020
Due on May 3, 2020 [Member] | Loans from Agricultural Bank of China [Member]
Summary of short-term loans
Interest rate	5.22%
Due date	May 3, 2020

SHORT-TERM AND LONG-TERM BANK_5

SHORT-TERM AND LONG-TERM BANK LOANS (Details 1) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Summary of long-term loans
Long-term loans	$ 27,606,502	$ 28,794,136
Loans from Haikou Rural Credit Cooperative [Member]
Summary of long-term loans
Long-term loans	$ 27,606,502	$ 28,794,136

SHORT-TERM AND LONG-TERM BANK_6

SHORT-TERM AND LONG-TERM BANK LOANS (Details 1) (Parenthetical) - Loans from Haikou Rural Credit Cooperative [Member]	9 Months Ended
	Sep. 30, 2019
Summary of long-term loans
Interest rate	7.00%
Due date	Dec. 12, 2021

SHORT-TERM AND LONG-TERM BANK_7

SHORT-TERM AND LONG-TERM BANK LOANS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Short -Term and Long-Term Bank Loans (Textual)
Interest expense of short-term and long-term bank loans	$ 435,524	$ 426,167	$ 1,304,062	$ 1,274,399
Aggregate amount of short-term and long-term loans guaranteed by various third parties	$ 0		$ 0

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Notes payable	$ 11,463,004	$ 12,787,619
Other notes payable		1,256,875
Notes payable, collateral amount	$ 11,463,004	6,440,870
Commercial Acceptance Notes [Member]
Notes payable		2,763,074
Notes payable term	1 year
Bank Acceptance Notes [Member]
Notes payable	$ 11,463,004	$ 8,767,670
Notes payable term	1 year

TAXES (Details)

TAXES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Tax benefit (holiday) credit	$ 377,303	$ 1,345,541
Basic net income per share effect	$ 0	$ 0

TAXES (Details Narrative)

TAXES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Taxes (Textual)
Applicable corporate income tax rate			25.00%
Reduced income tax rate			15.00%
Corporate income tax			25.00%	25.00%
Tax exemptions holiday percent			25.00%
Net loss carried forward term					Expire from 2021.
U.S. federal corporate tax rate, description			Tax benefit of 13.05% on a reported income before taxes of approximately $0.3 million, and an effective income tax rate with a tax benefit of 20.70% for the same period of last year on a reported loss before taxes of approximately $1.8 million, respectively.
Income tax expenses benefit	$ (709,413)	$ 505,961	$ 41,780	$ 370,316
Corporation income tax, description			The applicable CIT rate of each of the Company’s three other subsidiaries, Kandi New Energy, Yongkang Scrou and Kandi Hainan, the Affiliate Company and its subsidiaries is 25%
PRC [Member]
Taxes (Textual)
Applicable corporate income tax rate			20.70%
Cumulative net losses					$ 28,100,000	$ 22,700,000
Net loss carried forward term					5 years
U.S. can be carried forward terms			20 years
JV Company [Member]
Taxes (Textual)
Applicable corporate income tax rate			13.05%
Research and development tax credits			25.00%	25.00%

LEASES (Details)

LEASES (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Maturity of Lease Liabilities:
2019 (Three Months)	$ 32,611
2020	11,510
Total	$ 44,121

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Jan. 02, 2019	Dec. 31, 2018
Right of use asset	$ 42,974	$ 42,974	$ 140,000
Lease liability	44,121	44,121	$ 140,000
Lease expense	$ 33,000	$ 99,000
Corporate Office [Member] | SC Autosports [Member]
Lease term	37 months	37 months	13 months
Monthly lease payment		$ 11,000
Discount rate			4.75%

CONTINGENT LIABILITY (Details N

CONTINGENT LIABILITY (Details Narrative) - USD ($)	Jul. 02, 2018	Jan. 03, 2018	Sep. 30, 2019	Dec. 31, 2018
Contingent liability			$ 6,562,000	$ 7,256,000
Jinhua An Kao Power Technology Co., Ltd [Member]
Number of shares issued		2,959,837
Number of shares, granted		739,959
Jinhua An Kao Power Technology Co., Ltd [Member] | RMB
Cash on hand		$ 25,930,000
Restricted Stock [Member] | Jinhua An Kao Power Technology Co., Ltd [Member]
Number of shares issued		2,959,837
Number of shares issued, value		$ 20,700,000
Transfer Agreement [Member] | SC Autosports [Member]
Number of shares issued	1,547,721
Transfer Agreement [Member] | SC Autosports [Member] | Restricted Stock [Member]
Number of shares issued	171,969
Number of shares issued, value	$ 800,000
Number of shares, granted	343,938

STOCK AWARD (Details Narrative)

STOCK AWARD (Details Narrative) - USD ($)	1 Months Ended					3 Months Ended		9 Months Ended
	Apr. 30, 2019	Jan. 29, 2019	Apr. 18, 2018	Nov. 30, 2016	Sep. 26, 2016	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock Award (Textual)
Employee stock award expenses						$ 3,432,920	$ 2,070,947	$ 11,096,246	$ 5,534,039
Employee Stock Award Expenses [Member]
Stock Award (Textual)
Employee stock award expenses						$ 22,925	$ 31,675	$ 1,337,333	$ 1,311,885
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
Ms Kewa Luos [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
Mr Henry Yu [Member]
Stock Award (Textual)
Restricted shares of common stock								5,000
Management Members and Employees [Member]
Stock Award (Textual)
Number of shares, granted	238,600
2008 Plan [Member]
Stock Award (Textual)
Number of shares, granted			238,600
Reduce total number of shares of common stock					250,000
2008 Omnibus Long-Term Incentive Plan [Member] | Ms Zhu Xiaoying [Member]
Stock Award (Textual)
Shares of common stock		10,000

SUMMARIZED INFORMATION OF EQU_3

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY (Details) - Affiliated Company [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed income statement information:
Net sales	$ 520,275	$ 19,880,543	$ 4,605,880	$ 73,292,774
Gross (loss) profits	$ (377,700)	$ 3,133,283	$ (3,006,051)	$ 4,007,896
Gross margin	(72.60%)	15.80%	(65.30%)	5.50%
Net (loss) income	$ (19,435,546)	$ (5,860,746)	$ (49,986,119)	$ (87,969)

SUMMARIZED INFORMATION OF EQU_4

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY (Details 1) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Condensed balance sheet information:
Noncurrent liabilities	$ 35,927,145	$ 38,383,513
Affiliated Company [Member]
Condensed balance sheet information:
Current assets	609,002,781	751,143,254
Noncurrent assets	65,386,057	140,736,300
Total assets	674,388,838	891,879,554
Current liabilities	429,675,791	633,711,465
Noncurrent liabilities
Equity	244,713,047	258,168,089
Total liabilities and equity	$ 674,388,838	$ 891,879,554

SUMMARIZED INFORMATION OF EQU_5

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investment in the Affiliate Company, beginning of the period,			$ 128,929,893
Gain from equity dilution			4,291,974
Gain from equity sale			20,574,217
Subtotal	$ (8,433,767)	$ (3,247,343)	(22,883,126)	(79,592)
Investment in Affiliate Company, end of the period	53,837,011		53,837,011
Affiliated Company [Member]
Investment in the Affiliate Company, beginning of the period,			128,929,893	70,681,013
Investment in Affiliate Company in 2018				79,370,859
Investment decreased in 2019			(72,309,417)
Gain from equity dilution			4,291,974
Gain from equity sale			20,574,217
Company's share in net (loss) income of Affiliate based on 50% ownership for three months ended March 31, 2019, 43.47%(1) ownership for six months ended September 30, 2019 and 50% ownership for three months ended September 30, 2018			(23,025,049)	(43,985)
Intercompany transaction elimination			(12,557)	(484,037)
Year 2018 unrealized profit realized			154,480	448,429
Subtotal			(22,883,126)	(79,593)
Exchange difference			(4,766,530)	(3,699,548)
Investment in Affiliate Company, end of the period	$ 53,837,011	$ 146,272,731	$ 53,837,011	$ 146,272,731

SUMMARIZED INFORMATION OF EQU_6

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY (Details Narrative)

Sep. 29, 2019USD ($)

Sep. 29, 2019CNY (¥)

Mar. 21, 2019

Mar. 31, 2019

Sep. 30, 2018

Sep. 30, 2019USD ($)

Jun. 30, 2019

Sep. 30, 2019USD ($)

Sep. 30, 2019CNY (¥)

Sep. 29, 2019CNY (¥)

Dec. 31, 2018USD ($)

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

Consolidated interests of financial statements, description

The gain from equity dilution for nine months ended, September 30, 2019 resulted from the Affiliate Company issuing shares to the Affiliate partner, Greely, in exchange for extinguishment of a loan from Greely, resulting in dilution of equity ownership of the Company from 50% to 43.47%. This dilutive transaction was treated as if the Company sold a proportional share of its investment in the Affiliate Company.

Amount due from the affiliate company | $

$ 25,335,894

$ 25,335,894

$ 67,683,462

Affiliated Company [Member]

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

Sales to affiliate Company and subsidiaries, description

Kandi Vehicle signed an Equity Transfer Agreement with Geely Technologies Group Co., Ltd. to transfer certain equity interests in the Affiliate Company to Geely. Pursuant to the Transfer Agreement, the Affiliate Company converted a loan of RMB 314 million (approximately $46.7 million) from Geely Group last year to equity in order to increase its cash flow. As a result, the registered capital of the Affiliate Company became RMB 2.40 billion (approximately $336.3 million), of which Kandi Vehicles owned 43.47% and Geely owned 56.53%, respectively, upon the conversion of the loan into equity in the Affiliate Company (the “March Affiliate Loan to Equity Conversion”). Kandi Vehicles further agree to sell 21.47% of its equity interests in the Affiliate Company to Geely for a total amount of RMB 516 million (approximately $72.3 million) (the “Affiliate Equity Transfer”). Kandi Vehicles shall own 22% of the equity interests of the Affiliate Company as a result of the transfer.

Sales to the Company’s customers, the Affiliate Company and its subsidiaries, for the three months ended September 30, 2019, were $4,720,159 or 14.9% of the Company’s total revenue, a decrease of 79.6% from $23,135,326 of the same quarter last year. Sales to the Company’s customers, the Affiliate Company and its subsidiaries, for the nine months ended September 30, 2019, were $10,543,190 or 14.3% of the Company’s total revenue, a decrease of 65.4% from $30,479,521 of the same quarter last year.

Ownership percentage of net income loss

50.00%

50.00%

43.47%

[1]

43.47%

43.47%

Realized gain from sale of equity | $

$ 20,574,217

Affiliated Company [Member] | RMB

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

Total equity interest | ¥

¥ 2,404,000,000

Ownership interest | ¥

¥ 1,045,000,000

Geely Automobile Holdings Ltd [Member]

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

Equity method investments on affiliate | $

$ 41,600,000

Cash proceeds from affiliates | $

30,900,000

Geely Automobile Holdings Ltd [Member] | January 20, 2020 [Member]

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

Equity method investments on affiliate | $

19,700,000

Geely Automobile Holdings Ltd [Member] | March 29, 2020 [Member]

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

Equity method investments on affiliate | $

$ 21,900,000

Geely Automobile Holdings Ltd [Member] | RMB

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

Equity method investments on affiliate | ¥

¥ 296,000,000

Cash proceeds from affiliates | ¥

¥ 220,000,000

Geely Automobile Holdings Ltd [Member] | RMB | January 20, 2020 [Member]

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

Equity method investments on affiliate | ¥

140,000,000

Geely Automobile Holdings Ltd [Member] | RMB | March 29, 2020 [Member]

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

Equity method investments on affiliate | ¥

¥ 156,000,000

[1]

Represents the rounded result of dividing RMB1,045 million (the Company's ownership interest in the Affiliate Company) by RMB2,404 million (the Affiliate Company's total equity interest). We used the actual result and kept full decimals when calculating the Company's share in net (loss) income of the Affiliate Company.

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Guarantee provided to
Total		$ 14,542,494
Kandi Electric Vehicles Group Co Ltd [Member]
Guarantee provided to
Total		7,271,247
Kandi Electric Vehicles Jiangsu Co Ltd [Member]
Guarantee provided to
Total		$ 7,271,247

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Narrative)

Mar. 15, 2013USD ($)

Sep. 03, 2018USD ($)

Aug. 30, 2018USD ($)

Aug. 29, 2018USD ($)

Jul. 31, 2017

Apr. 30, 2017

Sep. 29, 2015USD ($)

Sep. 30, 2019USD ($)ft²

Sep. 30, 2019CNY (¥)ft²

Sep. 03, 2018CNY (¥)

Aug. 30, 2018CNY (¥)

Aug. 29, 2018CNY (¥)

Sep. 29, 2015CNY (¥)

Mar. 15, 2013CNY (¥)

YongkangScrou Electric Co, Ltd. [Member]

Commitments and Contingencies (Textual)

Space of building a factory | ft²

6,639.9

6,639.9

Affiliated Company [Member]

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | $

$ 4,063,901

$ 2,942,825

Description of loans period

Period of September 3, 2018 to March 3, 2019.

Period of August 29, 2018 to February 29, 2019.

Affiliated Company [Member] | RMB

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | ¥

¥ 29,000,000

¥ 21,000,000

YongkangScrou Electric Co, Ltd. [Member]

Commitments and Contingencies (Textual)

Total contract amount | $

$ 900,000

YongkangScrou Electric Co, Ltd. [Member] | RMB

Commitments and Contingencies (Textual)

Total contract amount | ¥

¥ 6,600,000

Nanlong Group Co Ltd [Member]

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | $

$ 2,802,691

Description of loans period

Loan period of March 15, 2013, to March 15, 2016.

Nanlong Group Co Ltd [Member] | RMB

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | ¥

¥ 20,000,000

Zhejiang Shuguang Industrial Co Ltd [Member]

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | $

$ 4,063,901

Description of loans period

Loan period of September 29, 2015, to September 28, 2016.

Zhejiang Shuguang Industrial Co Ltd [Member] | RMB

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | ¥

¥ 29,000,000

Kandi Jiangsu [Member]

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | $

$ 7,006,726

Description of loans period

Period of August 31, 2018 to February 28, 2019, and was paid off on February 1, 2019.

Kandi Jiangsu [Member] | RMB

Commitments and Contingencies (Textual)

Guarantee for bank loans amount | ¥

¥ 50,000,000

Shanghai Pudong Development Bank [Member]

Commitments and Contingencies (Textual)

Loan borrowed, description

Bank loan borrowed from Shanghai Pudong Development Bank for a principal amount of approximately $2.9 million and demanded that the guarantor bear the liability for compensation.

Ping Bank Yiwu Branch [Member]

Commitments and Contingencies (Textual)

Loan borrowed, description

The Company and Ping An Bank reached an agreement to settle. According to the agreement, the Company was to pay Ping An Bank RMB 20 million or approximately $3.0 million in four installments before October 31, 2017 to release the Company from its guarantor liability for this default. As of October 31, 2017, the Company has paid all four installments totaling RMB 20 million or approximately $3.0 million to Ping An Bank and thus the Company has been released from its guarantor liability for this default. According to the Company’s agreement with ZSICL, ZSICL agreed to reimburse all the Company’s losses due to ZSICL’s default on the loan principal and interests, of which RMB 11.9 million has been reimbursed to the Company as of the date of this report and the remainder is expected to be reimbursed in installments within next two years.

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 31,688,544	$ 37,995,360	$ 73,903,234	$ 62,690,873
Primary Geographical Markets [Member]
Segment Reporting Information [Line Items]
Revenues	31,688,544	37,995,360	73,903,234	62,690,873
Major products [Member]
Segment Reporting Information [Line Items]
Revenues	31,688,544	37,995,360	73,903,234	62,690,873
Major products [Member] | EV parts [Member]
Segment Reporting Information [Line Items]
Revenues	25,847,506	32,065,497	57,607,687	53,947,874
Major products [Member] | Off road vehicles [Member]
Segment Reporting Information [Line Items]
Revenues	5,841,038	5,929,863	16,295,547	8,742,999
Overseas [Member] | Primary Geographical Markets [Member]
Segment Reporting Information [Line Items]
Revenues	5,703,050	5,849,353	15,975,711	8,337,793
China [Member] | Primary Geographical Markets [Member]
Segment Reporting Information [Line Items]
Revenues	$ 25,985,494	$ 32,146,007	$ 57,927,523	$ 54,353,080

SEGMENT REPORTING (Details narr

SEGMENT REPORTING (Details narrative)	9 Months Ended
	Sep. 30, 2019Segment
Segment Reporting (Textual)
Number of operating segment	1