Kandi Technologies (KNDI) 10-Q 9 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 04, 2021
Document Information Line Items
Entity Registrant Name	KANDI TECHNOLOGIES GROUP, INC.
Trading Symbol	KNDI
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		77,452,516
Amendment Flag	false
Entity Central Index Key	0001316517
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-33997
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	90-0363723
City Area Code	(86 - 579)
Local Phone Number	82239856
Entity Address, Address Line One	Jinhua City Industrial Zone
Entity Address, City or Town	Jinhua
Entity Address, Address Line Two	Zhejiang Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	321016
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 132,071,957	$ 142,078,190
Restricted cash	16,117,526	442,445
Certificate of deposit	54,222,374
Accounts receivable (net of allowance for doubtful accounts of $111,512 and $110,269 as of June 30, 2021 and December 31, 2020, respectively)	48,713,854	38,547,137
Inventories	23,232,234	19,697,383
Notes receivable	8,985,422	31,404,630
Other receivables	40,574,115	1,875,245
Prepayments and prepaid expense	16,791,928	13,708,149
Advances to suppliers	13,274,911	36,733,182
Amount due from the Affiliate Company		21,742,226
Amount due from related party		886,989
TOTAL CURRENT ASSETS	353,984,321	307,115,576
NON-CURRENT ASSETS
Property, plant and equipment, net	81,579,358	65,402,680
Intangible assets, net	2,936,697	3,232,753
Land use rights, net	3,248,223	3,257,760
Construction in progress	6,123,956	16,317,662
Deferred taxes assets	7,852,209	8,964,946
Long term investment	154,921	45,958
Investment in the Affiliate Company		28,892,638
Goodwill	29,970,415	29,712,383
Other long term assets	18,012,160	32,307,484
TOTAL NON-CURRENT ASSETS	149,877,939	188,134,264
TOTAL ASSETS	503,862,260	495,249,840
CURRENT LIABILITIES
Accounts payable	31,373,506	34,257,935
Other payables and accrued expenses	8,930,573	7,218,395
Short-term loans	250,000
Notes payable	232,382	92,445
Income tax payable	11,280,164	1,313,754
Advance receipts		38,229,242
Amount due to related party	500,000	500,000
Other current liabilities	4,067,928	2,185,654
TOTAL CURRENT LIABILITIES	56,634,553	83,797,425
NON-CURRENT LIABILITIES
Deferred taxes liability	602,435	3,483,171
Contingent consideration liability		3,743,000
Other long-term liabilities	464,763	459,580
TOTAL NON-CURRENT LIABILITIES	1,067,198	7,685,751
TOTAL LIABILITIES	57,701,751	91,483,176
STOCKHOLDER’S EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized; 77,547,099 and 77,298,499 shares issued and 75,626,155 and 75,377,555 outstanding at June 30,2021 and December 31,2020, respectively	75,626	75,377
Additional paid-in capital	443,717,378	439,549,338
Accumulated deficit (the restricted portion is $4,422,033 and $4,422,033 at June 30,2021 and December 31,2020, respectively)	7,446,854	(27,079,900)
Accumulated other comprehensive loss	(5,079,349)	(8,778,151)
TOTAL STOCKHOLDERS’ EQUITY	446,160,509	403,766,664
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 503,862,260	$ 495,249,840

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Net of allowance for doubtful accounts (in Dollars)	$ 111,512	$ 110,269
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	77,547,099	77,298,499
Common stock, shares outstanding	75,626,155	75,377,555
Restricted portion of accumulated deficit (in Dollars)	$ 4,422,033	$ 4,422,033

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
REVENUES FROM UNRELATED PARTIES, NET	$ 29,875,835	$ 19,436,120	$ 45,852,002	$ 25,808,544
REVENUES FROM THE AFFILIATE COMPANY AND RELATED PARTIES, NET		956	1,587	956
REVENUES, NET	29,875,835	19,437,076	45,853,589	25,809,500
COST OF GOODS SOLD	(23,778,053)	(15,900,298)	(35,401,456)	(21,105,463)
GROSS PROFIT	6,097,782	3,536,778	10,452,133	4,704,037
OPERATING INCOME (EXPENSE):
Research and development	(3,564,905)	(1,149,901)	(25,189,502)	(1,790,141)
Selling and marketing	(1,057,517)	(763,666)	(2,204,383)	(1,641,972)
General and administrative	(5,359,572)	(3,907,191)	(9,789,695)	(6,973,926)
Gain on disposal of long-lived assets	48,253,667	13,907,574	48,253,667	13,907,574
TOTAL OPERATING INCOME	38,271,673	8,086,816	11,070,087	3,501,535
INCOME FROM OPERATIONS	44,369,455	11,623,594	21,522,220	8,205,572
OTHER INCOME (EXPENSE):
Interest income	974,105	221,792	1,502,697	560,736
Interest expense	(78,069)	(1,123,056)	(204,417)	(2,105,990)
Change in fair value of contingent consideration	(357,000)	(929,000)		2,863,000
Government grants	114,402	86,799	349,195	97,898
Gain from sale of equity in the Affiliate Company	33,651		17,733,911
Share of loss after tax of the Affiliate Company	(4,904)	(2,978,529)	(2,584,401)	(4,081,299)
Other income, net	3,827,089	1,043,335	4,325,990	1,062,985
TOTAL OTHER INCOME (EXPENSE), NET	4,509,274	(3,678,659)	21,122,975	(1,602,670)
INCOME BEFORE INCOME TAXES	48,878,729	7,944,935	42,645,195	6,602,902
INCOME TAX EXPENSE	(7,949,255)	(3,889,889)	(8,118,441)	(4,122,502)
NET INCOME	40,929,474	4,055,046	34,526,754	2,480,400
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment	4,874,815	477,734	3,698,802	(3,045,331)
COMPREHENSIVE INCOME (LOSS)	$ 45,804,289	$ 4,532,780	$ 38,225,556	$ (564,931)
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC AND DILUTED (in Shares)	75,510,788	53,369,602	75,447,633	52,862,043
NET INCOME PER SHARE, BASIC AND DILUTED (in Dollars per share)	$ 0.54	$ 0.08	$ 0.46	$ 0.05

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($)	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2019	$ 52,839	$ (2,477,965)	$ 259,691,370	$ (16,685,736)	$ (22,723,581)	$ 217,856,927
Balance (in Shares) at Dec. 31, 2019	52,839,441
Stock issuance and award	$ 10		22,290			22,300
Stock issuance and award (in Shares)	10,000
Net income (Loss)				(1,574,646)		(1,574,646)
Foreign currency translation					(3,523,065)	(3,523,065)
Balance at Mar. 31, 2020	$ 52,849	(2,477,965)	259,713,660	(18,260,382)	(26,246,646)	212,781,516
Balance (in Shares) at Mar. 31, 2020	52,849,441
Stock issuance and award	$ 1,503		3,164,925			3,166,428
Stock issuance and award (in Shares)	1,502,717
Net income (Loss)				4,055,043		4,055,043
Foreign currency translation					477,734	477,734
Balance at Jun. 30, 2020	$ 54,352	(2,477,965)	262,878,585	(14,205,339)	(25,768,912)	220,480,721
Balance (in Shares) at Jun. 30, 2020	54,352,158
Balance at Dec. 31, 2020	$ 75,377		439,549,338	(27,079,900)	(8,778,151)	403,766,664
Balance (in Shares) at Dec. 31, 2020	75,377,555
Stock issuance and award	$ 10		22,290			22,300
Stock issuance and award (in Shares)	10,000
Net income (Loss)				(6,402,720)		(6,402,720)
Foreign currency translation					(1,176,013)	(1,176,013)
Reversal of reduction in the Affiliate Company’s equity (net off tax effect of $491,400)			2,771,652			2,771,652
Balance at Mar. 31, 2021	$ 75,387		442,343,280	(33,482,620)	(9,954,164)	398,981,883
Balance (in Shares) at Mar. 31, 2021	75,387,555
Stock issuance and award	$ 239		1,374,098			1,374,337
Stock issuance and award (in Shares)	238,600
Net income (Loss)				40,929,474		40,929,474
Foreign currency translation					4,874,815	4,874,815
Balance at Jun. 30, 2021	$ 75,626		$ 443,717,378	$ 7,446,854	$ (5,079,349)	$ 446,160,509
Balance (in Shares) at Jun. 30, 2021	75,626,155

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) (Parentheticals) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Statement of Stockholders' Equity [Abstract]
Net off tax effect	$ 491,400

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 34,526,754	$ 2,480,400
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	4,443,218	4,022,676
Impairments		(148,054)
Deferred taxes	(11,970)	2,089,505
Share of loss after tax of the Affiliate Company	2,584,401	4,081,299
Gain from equity sale in the Affiliate Company	(17,733,911)
Gain on disposal of long-live assets	(48,253,667)	(13,907,574)
Change in fair value of contingent consideration		(2,863,000)
Stock based compensation expense	1,429,456	847,546
Changes in operating assets and liabilities:
Accounts receivable	2,054,930	(1,431,388)
Inventories	(3,328,120)	(743,483)
Other receivables and other assets	(14,040,619)	(11,248,701)
Advances to supplier and prepayments and prepaid expenses	20,596,182	(12,586,777)
Amount due from the Affiliate Company		4,129,516
Increase (Decrease) In:
Accounts payable	(1,044,040)	(282,560)
Other payables and accrued liabilities	(463,016)	736,715
Notes payable	(93,273)	(10,664,922)
Income tax payable	7,671,740	1,161,312
Net cash used in operating activities	(11,661,935)	(34,327,490)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment, net	(6,565,755)	(59,670)
Payment for construction in progress	(1,869,028)
Proceeds from disposal of long-lived assets	23,234,680	34,696,547
Repayments of loan to third party	31,686,168
Certificate of deposit	(54,098,335)
Cash received from sales of equity in the Affiliate Company	23,803,268	15,641,886
Long Term Investment	(108,197)
Net cash provided by investing activities	16,082,801	50,278,763
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term loans	250,000	24,031,625
Repayments of short-term loans		(49,769,638)
Repayments of long-term loans		(284,398)
Proceeds from long-term loans		394,116
Net cash provided by (used in) financing activities	250,000	(25,628,295)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	4,670,866	(9,677,022)
Effect of exchange rate changes	997,982	(157,062)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	142,520,635	16,512,635
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	148,189,483	6,678,551
-CASH AND CASH EQUIVALENTS AT END OF PERIOD	132,071,957	3,457,498
-RESTRICTED CASH AT END OF PERIOD	16,117,526	3,221,053
SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid	373,433	870,082
Interest paid		641,213
SUPPLEMENTAL NON-CASH DISCLOSURES:
Reversal of decrease in investment in the Affiliate Company due to change in its equity (net off tax effect of $491,400)	2,813,968
Increase of other receivable for equity transfer payment of the Affiliate Company	$ 23,803,268

Organization and Principal Acti

Organization and Principal Activities	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES Kandi Technologies Group, Inc. (“Kandi Technologies”) was incorporated under the laws of the State of Delaware on March 31, 2004. As used herein, the terms “Company” or “Kandi” refer to Kandi Technologies and its operating subsidiaries, as described below. Headquartered in Jinhua City, Zhejiang Province, People’s Republic of China (“China” or “PRC”), the Company is one of China’s leading producers and manufacturers of electric vehicle (“EV”) products (through the Affiliate Company, formerly defined as the JV Company), EV parts, and off-road vehicles for sale in the Chinese and the global markets. The Company conducts its primary business operations through its wholly-owned subsidiaries, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), Kandi Vehicles’ wholly and partially-owned subsidiaries, and SC Autosports LLC (“SC Autosports”, d/b/a Kandi America) and its wholly-owned subsidiary, Kandi America Investment, LLC (“Kandi Investment”). In March 2021, Zhejiang Kandi Vehicles Co., Ltd. changed its name to Zhejiang Kandi Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”). The Company’s organizational chart as of the date of this report is as follows: The Company’s primary business operations consist of designing, developing, manufacturing and commercializing EV products, EV parts, automatic power exchange equipment for pure electric vehicles, off-road vehicles and the dynamic power train system of intelligent transportation.

Liquidity

Liquidity	6 Months Ended
	Jun. 30, 2021
Liquidity [Abstract]
LIQUIDITY	NOTE 2 - LIQUIDITY The Company had a working capital of $ 297,349,768 as of June 30, 2021, an increase of $74,031,617 from a working capital of $223,318,151 as of December 31, 2020. As of June 30, 2021 and December 31, 2020, the Company’s cash and cash equivalents were $132,071,957 and $142,078,190, respectively, the Company’s restricted cash was $16,117,526 and $442,445, respectively. As of June 30, 2021, the Company had multiple certificates of deposit with a total amount of $54,222,374. These certificates of deposit have an annual interest rate from 3.7% to 3.99% which can be transferred when necessary without any penalty or any loss of interest and principal. On March 10, 2020, a real estate repurchase agreement (the “Repurchase Agreement”) was entered into by and between Zhejiang Kandi Technologies and Jinhua Economic and Technological Development Zone pursuant to which the local government shall purchase the land use right over the land of 66 acres (400 mu, 265,029 square meters) that is owned by Zhejiang Kandi Technologies for RMB 525 million ($81 million). Payments to Zhejiang Kandi Technologies shall be made in three installments as the Company disclosed in a Current Report on Form 8-K filed with the SEC on March 9, 2020. In addition, if Zhejiang Kandi Technologies achieves certain milestones that contribute to local economic development, the Company will be eligible for tax rebates that could total up to RMB 500 million ($77 million) over the next eight years. On May 22, 2020, the Company received the first payment of RMB 244 million (approximately $38 million) under the Repurchase Agreement. On July 9, 2020, the Company received the second payment of RMB 119 million (approximately $18 million) under the Repurchase Agreement. By the end of March 2021, the Company finished relocating production and offices to the new industrial park and vacated the old factory property. In early April, the relevant Economic Zone authorities inspected the vacated land and determined that it met all stipulated conditions. On May 20, 2021, the Company received the final portion of repurchase payment of RMB 150 million (approximately $23 million) under the Repurchase Agreement. In addition, there was RMB 12 million (approximately $2 million) reward for moving out of the old location has been submitted to the government for approval and will be collected after the approval. On February 18, 2021, Zhejiang Kandi Technologies signed an Equity Transfer Agreement with Geely to transfer all of its remaining 22% equity interests in the Affiliate Company to Geely for a total consideration of RMB 308 million (approximately $48 million). On March 16, 2021, the Company received the first half of the equity transfer payment of RMB 154,000,000 (approximately $24 million), and the rest half will be received within six months from March 9, 2021according to the Equity Transfer Agreement. If the transfer of the remaining 22% equity interests of the Affiliate Company took place on January 1, 2020, the net income for the six months ended June 30, 2021 and 2020 would have been $19.4 million and $1.6 million, respectively. 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. Currently the Company has sufficient cash in hand to meet the existing operational needs, but the credit line is retained which can be utilized timely when the Company has special capital needs. The PRC subsidiaries do not have any short-term bank loans and SC Autosports only has $250,000 short-term bank loans as of June 30, 2021.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [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, 2020 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, 2020 (the “2020 Form 10-K”).

Principles of Consolidation

Principles of Consolidation	6 Months Ended
	Jun. 30, 2021
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) Zhejiang Kandi Technologies, a wholly-owned subsidiary of Continental, incorporated under the laws of the PRC; (3) Kandi New Energy Vehicle Co. Ltd. (“Kandi New Energy”), a 50%-owned subsidiary of Zhejiang Kandi Technologies (Mr. Hu Xiaoming owns the other 50%), incorporated under the laws of the PRC. Pursuant to agreements executed in January 2011, Mr. Hu Xiaoming contracted with Zhejiang Kandi Technologies for the operation and management of Kandi New Energy and put his shares of Kandi New Energy into escrow. As a result, Zhejiang Kandi Technologies is entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy; (4) Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), a subsidiary, 10% owned by Kandi New Energy and 90% owned by Zhejiang Kandi Technologies, incorporated under the laws of the PRC; (5) Zhejiang Kandi Smart Battery Swap Technology Co., Ltd (“Kandi Smart Battery Swap”), a wholly-owned subsidiary of Zhejiang Kandi Technologies, incorporated under the laws of the PRC; (6) Yongkang Scrou Electric Co, Ltd. (“Yongkang Scrou”), a wholly-owned subsidiary of Kandi Smart Battery Swap, incorporated under the laws of the PRC; and (7) SC Autosports (d/b/a Kandi America), a wholly-owned subsidiary of the Company formed under the laws of the State of Texas, USA. (8) China Battery Exchange Technology Co., Ltd. (“China Battery Exchange”) and its subsidiaries, a wholly-owned subsidiary of Zhejiang Kandi Technologies, incorporated under the laws of the PRC. (9) Kandi Investment, a wholly-owned subsidiary of SC Autosports formed under the laws of the State of Texas, USA. 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 investment in the Affiliate Company, in which the Company owned 22% equity interest until March 9. 2021. On February 18, 2021, Zhejiang Kandi Technologies signed an Equity Transfer Agreement with Geely to transfer all of its remaining 22% equity interests in the Affiliate Company to Geely. As the equity transfer was completed on March 9, 2021, the Company recorded 22% of the Affiliate Company’s loss for the period from January 1, 2021 to March 9, 2021 and recognized the gain from equity sale of $17.7 million during the first quarter of 2021. As of June 30, 2021, the amount due from the Affiliate Company has been reclassed to accounts receivable of $17.6 million and other receivables of $2.2 million. All intra-entity profits and losses with regard to the Company’s equity method investees have been eliminated.

Use of Estimates

Use of Estimates	6 Months Ended
	Jun. 30, 2021
Disclosure Use Of Estimates [Abstract]
USE OF ESTIMATES	NOTE 5 - USE OF ESTIMATES The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported period in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Company’s consolidated financial statements primarily include, but are not limited to, allowances for doubtful accounts, lower of cost and net realizable value of inventory, assessment for impairment of long-lived assets and intangible assets, valuation of deferred tax assets, change in fair value of contingent consideration, determination of share-based compensation expenses as well as fair value of stock warrants. Management bases the estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from these estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 6 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Our significant accounting policies are detailed in “Note 6 - Summary of Significant Accounting Policies” of the Company 2020 Form 10-K.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NOTE 7 - NEW ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued Accounting Standards Update No. 2016-13, “Financial Instruments - Credit Losses (Topic 326)” (“ASU 2016-13”). ASU 2016-13 revises the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. Originally, ASU 2016-13 was effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. In November 2019, FASB issued ASU 2019-10, “Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842).” This ASU defers the effective date of ASU 2016-13 for public companies that are considered smaller reporting companies as defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is planning to adopt this standard in the first quarter of fiscal 2023.The Company is currently evaluating the potential effects of adopting the provisions of ASU No. 2016-13 on its consolidated financial statements, particularly its recognition of allowances for accounts receivable.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE 8 - CONCENTRATIONS (a) Customers For the three-month period ended June 30, 2021, 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 June 30， June 30， June 30， December 31, Major Customers 2021 2020 2021 2020 Customer A 24 % 15 % 15 % 7 % Customer B 22 % - 13 % 13 % Customer C 12 % - 5 % 3 % Customer D 10 % - 5 % - For the six-month period ended June 30, 2021, 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 Six Months Six Months Ended Ended June 30， June 30， June 30， December 31, Major Customers 2021 2020 2021 2020 Customer A 18 % 15 % 15 % 7 % Customer B 16 % - 13 % 13 % (b) Suppliers For the three-month period ended June 30, 2021, 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 June 30， June 30， June 30， December 31， Major Suppliers 2021 2020 2021 2020 Zhejiang Kandi Supply Chain Management Co., Ltd. 60 % 59 % 9 % 9 % For the six-month period ended June 31, 2020, 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 Six Months Six Months Ended Ended June 30， June 30， June 30， December 31， Major Suppliers 2021 2020 2021 2020 Zhejiang Kandi Supply Chain Management Co., Ltd. 57 % 59 % 9 % 9 % Supplier E 12 % 25 % 16 % 5 %

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 9 - EARNINGS PER SHARE The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the reporting period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options 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 900,000 options and 8,131,332 warrants were excluded from the calculation of diluted net earnings per share, for the three-month and six-month period ended June 30, 2021.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2021
Credit Loss, Additional Improvements [Abstract]
ACCOUNTS RECEIVABLE	NOTE 10 - ACCOUNTS RECEIVABLE Accounts receivable are summarized as follows: June 30, December 31, 2021 2020 Accounts receivable $ 48,825,366 $ 38,657,406 Less: allowance for doubtful accounts (111,512 ) (110,269 ) Accounts receivable, net $ 48,713,854 $ 38,547,137

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 11 - INVENTORIES Inventories are summarized as follows: June 30, December 31, 2021 2020 Raw material $ 10,202,043 $ 7,512,259 Work-in-progress 5,638,319 5,488,532 Finished goods * 7,391,872 6,696,592 Inventories $ 23,232,234 $ 19,697,383 * approximately $1.1 million of inventory of off-roads and EVs held by SC Autosports were pledged as collateral for the $250,000 short-term loan.

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
NOTES RECEIVABLE	NOTE 12 - NOTES RECEIVABLE As of June 30 , 2021, there was $8,985,422 notes receivable from unrelated parties, among which $4.6 million will be matured on August 20, 2021 and $4.3 million will be matured on September 20, 2021. As of December 31, 2020, there was $31,404,630 notes receivable from unrelated parties with a 6% annual interest rate, among which $6.1 million was collected on January 15, 2021, $6.9 million was collected on January 27, 2021, $9.2 million was collected on April 20, 2021 and $9.2 million was collected on June 22, 2021.

Other Receivables

Other Receivables	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
OTHER RECEIVABLES	NOTE 13 - Other receivables As of June 30, 2021, the Company had $40,574,115 other receivables, among which $23.9 million were receivables of Affiliate Equity Transfer, $11.1 million were lease deposits and $2.9 million were interest receivables. As of December 31, 2020, the Company had $ 1,875,245 other receivables.

Advances to Suppliers

Advances to Suppliers	6 Months Ended
	Jun. 30, 2021
Advances To Suppliers Are Summarized [Abstract]
ADVANCES TO SUPPLIERS	NOTE 14 - ADVANCES TO SUPPLIERS Advances to suppliers are summarized as follows: June 30, December 31, 2021 2020 Advance payment for inventory purchase (1) $ 11,164,073 $ 13,107,630 Advance payment for R & D (2) - 19,365,947 Others 2,110,838 4,259,605 Total $ 13,274,911 $ 36,733,182 (1) This amount represents the advance payment in order to lock up the purchase price of the inventory. (2) This amount presents the advance payment to a third party for designing a new EV model, as well as related research and development and consulting works. The Company entered into a research and development contract with a third party on December 1, 2020 with total contract amount of $38.3 million, and advance payment of $23.0 million as per the contract. This advance payment will be expensed progressively according to the progress of the R & D project. In the first half of 2021, $18.2 million expense was incurred accordingly.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	NOTE 15 - PROPERTY, PLANT AND EQUIPMENT, NET Property, plants and equipment as of June 30, 2021 and December 31, 2020, consisted of the following: June 30, December 31, 2021 2020 At cost: Buildings * $ 37,389,860 $ 18,924,734 Machinery and equipment 65,449,228 67,893,378 Office equipment 1,226,586 1,138,870 Motor vehicles and other transport equipment 584,420 587,785 Molds and others 12,945,460 12,752,789 117,595,554 101,297,556 Less : Accumulated depreciation (36,016,196 ) (35,894,876 ) Property, plant and equipment, net $ 81,579,358 $ 65,402,680 * approximately $10.9 million of production line building structures were recognized as fixed assets during the second quarter of 2021 due to completion of relocation process and readiness in working condition for their intended use. Depreciation expenses for the three months ended June 30, 2021 and 2020 were $1,942,294 and $1,750,013, respectively. Depreciation expenses for the six months ended June 30, 2021 and 2020 were $3,766,555 and $3,530,165, respectively.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 16 - 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 June 30, December 31, useful life 2021 2020 Gross carrying amount: Trade name 0.5 years $ 492,235 $ 492,235 Customer relations 0.5 years 304,086 304,086 Patent 4.00-5.67 years 4,926,490 4,871,547 5,722,811 5,667,868 Less : Accumulated amortization Trade name $ (465,170 ) $ (439,798 ) Customer relations (287,366 ) (271,691 ) Patent (2,033,578 ) (1,723,626 ) (2,786,114 ) (2,435,115 ) Intangible assets, net $ 2,936,697 $ 3,232,753 The aggregate amortization expenses for those intangible assets were $165,722 and $152,846 for the three months ended June 30, 2021 and 2020, respectively. The aggregate amortization expenses for those intangible assets were $330,894 and $307,702 for the six months ended June 30, 2021 and 2020, respectively. Amortization expenses for the next five years and thereafter are as follows: Six months ended December 31, 2021 $ 330,894 Years ended December 31, 2022 582,429 2023 579,692 2024 579,692 2025 513,271 Thereafter 350,719 Total $ 2,936,697

Land Use Rights, Net

Land Use Rights, Net	6 Months Ended
	Jun. 30, 2021
Land Use Rights [Abstract]
LAND USE RIGHTS, NET	NOTE 17 - LAND USE RIGHTS, NET The Company’s land use rights consist of the following: June 30, December 31, 2021 2020 Cost of land use rights $ 4,070,283 $ 4,024,889 Less: Accumulated amortization (822,060 ) (767,129 ) Land use rights, net $ 3,248,223 $ 3,257,760 The amortization expenses for the three months ended June 30, 2021 and 2020, were $23,130 and $79,751, respectively. The amortization expenses for the six months ended June 30, 2021 and 2020, were $46,172 and $160,712, respectively. Amortization expenses for the next five years and thereafter is as follows: Six months ended December 31, 2021 $ 46,172 Years ended December 31, 2022 92,344 2023 92,344 2024 92,344 2025 92,344 Thereafter 2,832,675 Total $ 3,248,223

Other Long Term Assets

Other Long Term Assets	6 Months Ended
	Jun. 30, 2021
Disclosure Text Block Supplement [Abstract]
OTHER LONG TERM ASSETS	NOTE 18 - OTHER LONG TERM ASSETS Other long term assets as of June 30, 2021 and December 31, 2020, consisted of the following: June 30, December 31, 2021 2020 Long term deferred assets $ 3,308,514 $ 3,706,560 Prepayments for land use right (i) 4,322,440 4,319,305 Land and properties with certificates cancelled (ii) - 13,728,557 Other receivables- Long term 154,921 153,193 Prepayments for new product molds 6,739,066 6,663,909 Right - of - use asset (iii) 3,454,805 3,496,993 Others 32,414 238,967 Total other long term asset $ 18,012,160 $ 32,307,484 (i) As of June 30 June 30 (ii) As of December 31, 2020, the Company’s other long term asset included net value of land of Jinhua facility’s old location with certificates cancelled of $6,095,310 and net value of properties (or buildings/housing) of Jinhua facility’s old location with certificates cancelled of $7,633,247, respectively. As of June 30, 2021, the land and property of Jinhua facility’s old location has been written off. Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 The Company’s Jinhua facility moved out of the old location and completed the relocation process in April 2021. The relevant Economic Zone authorities inspected the vacated land and determined that the relocation was formally completed by meeting all stipulated conditions. As of June 30, 2021, the property of Jinhua facility’s old location has been fully disposed, and the related $48 million gain on disposal of long-live asset was recognized. (iii) As of June 30 June 30 June 30

Taxes

Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
TAXES	NOTE 19 - 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%. High and New Technology Enterprise (“HNTE”) company’s applicable CIT rate is 15%. Zhejiang Kandi Technologies, Jinhua Ankao and Kandi Hainan qualify as HNTE companies in the PRC, and are entitled to pay a reduced income tax rate of 15% for the years presented within the validity period. A HNTE Certificate is valid for three years. An entity may re-apply for an HNTE certificate when the prior certificate expires. Zhejiang Kandi Technologies has successfully re-applied for such certificates in December 2020. Jinhua Ankao has been qualified as HNTE since 2018. Kandi Hainan has been qualified as HNTE since 2020. Therefore no records for renewal are available. The applicable CIT rate of each of the Company’s other subsidiaries, Kandi New Energy and Yongkang Scrou 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 2020, the Company’s effective tax rate is favorably affected by a super-deduction for qualified research and development costs and adversely affected by non-deductible expenses such as stock rewards for non-US employees, and part of entertainment expenses. The Company records valuation allowances against the deferred tax assets associated with losses and other timing differences for which we may not realize a related tax benefit. After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s effective tax rate for the six months ended June 30 , 2021 and 2020 were a tax expense of 19.04% on a reported income before taxes of approximately $42.6 million, , respectively. The quarterly tax provision, and the quarterly estimate of the Company’s annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting the Company’s pre-tax and taxable income and loss, acquisitions (including integrations) and investments, changes in its stock price, changes in its deferred tax assets and liabilities and their valuation, return to provision true-up, foreign currency gains (losses), changes in regulations and interpretations related to tax, accounting, and other areas. Additionally, the Company’s effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. The income tax provision for the three months ended June 30 , 2021 and 2020 was tax expense of $8,118,441 and tax expense of $ , respectively. Under ASC 740 guidance relating to uncertain tax positions, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of June 30, 2021, 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 June 30, 2021, 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 , 2021, the Company has no accrued interest or penalties related to uncertain tax positions. The aggregate NOLs in tax year 2020 was $21.3 million deriving from entities in the PRC, Hong Kong and U.S. The aggregate NOLs in tax year 2019 was $9.6 million deriving from entities in the PRC and Hong Kong. The NOLs will start to expire from 2026 if they are not used. The cumulative net operating loss in the PRC can be carried forward for five years in general, and ten years for entities qualify HNTE treatment, to offset future net profits for income tax purposes. The Company has $0.8 million cumulative net operating loss in U.S. to carry forward as of June 30 , 2021 with indefinite carryforward period. The cumulative net operating loss in Hong Kong of $0.1 million can be carried forward without an expiration date as well. (b) Tax Holiday Effect For the six months ended June 30, 2021 and 2020, the PRC CIT rate was 25%. Certain subsidiaries of the Company are entitled to tax exemptions (tax holidays) for the six months ended June 30, 2021 and 2020. The combined effects of income tax expense exemptions and reductions available to the Company for the six months ended June 30, 2021 and 2020 are as follows: Six Months Ended June 30, 2021 2020 Tax benefit (holiday) credit $ 5,543,010 $ 164,163 Basic net income per share effect $ 0.000 $ 0.000

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
LEASES	NOTE 20 - LEASES The Company has renewed its corporate office leases for SC Autosports, with a term of 15 months from January 31, 2020 to April 30, 2021. The monthly lease payment is $11,000 from February 2020 to April 2020 and $12,000 from May 2020 to April 2021. The Company recorded operating lease assets and operating lease liabilities at January 31, 2020, with a remaining lease term of 15 months and discount rate of 4.25%. During October 2020, land use right of gross value of $3.5 million was acquired from the government as the new site of Jinhua Facility’s relocation as per the Repurchase Agreement. This lease was wholly prepaid when the land use right was acquired. See NOTE 18 for more details. As of June 30, 2021, the Company’s operating lease right-of-use assets (grouped in other long term assets on the balance sheet) was $3,454,805. For the three months ended June 30, 2021, the Company’s operating lease cost was $29,530. For the six months ended June 30, 2021, the Company’s operating lease cost was $82,994. Supplemental information related to operating leases was as follows: Six months ended Cash payments for operating leases $ 82,994

Contingent Consideration Liabil

Contingent Consideration Liability	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
CONTINGENT CONSIDERATION LIABILITY	NOTE 21 - CONTINGENT CONSIDERATION LIABILITY On January 3, 2018, the Company completed the acquisition of 100% of the equity of Jinhua An Kao, currently known as Kandi Smart Battery Swap Co., Ltd. (“Kandi Smart Battery Swap”). 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 immediately prior to the closing of the acquisition valued at approximately $20.7 million to the former shareholders of Kandi Smart Battery Swap and his designees (the “KSBS Shareholders”), and may be required to pay future consideration of up to an additional 2,959,837 shares of common stock, which are being held in escrow and to be released contingent upon the achievement of certain net income-based milestones in the next three years. Any escrowed shares that are not released from escrow to the KSBS Shareholders as a result of the 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 such shares. For the year ended December 31, 2018, Kandi Smart Battery Swap achieved its first year net profit target. Accordingly, the KSBS Shareholders received 739,959 shares of Kandi’s restrictive common stock or 12.5% of the total equity consideration (i.e., 5,919,674 total shares) as part of the purchase price. For the year ended December 31, 2019, Kandi Smart Battery Swap achieved its second year net profit target. Accordingly, the KSBS Shareholders received 986,810 shares of Kandi’s restrictive common stock or 16.67% of the total equity consideration (i.e., 5,919,674 total shares) as part of the purchase price. All the escrowed shares have been included in the Company’s registration statement on Form S-3 declared effective by the SEC on April 5, 2019. As the outbreak of COVID-19 in 2020 affected Kandi Smart Battery Swap’s operation and business, on July 7, 2020, the Company and the KSBS Shareholders made the following supplements to Condition III of the original Supplementary Agreement: The KSBC Shareholders have the right to receive an aggregate of 20.83% of the total equity consideration (i.e., 5,919,674 total shares), provided that Kandi Smart Battery Swap realizes a net profit of RMB50,000,000 or more for the period from January 1, 2020 to June 30, 2021 (as opposed to be the originally stated “December 31, 2020”), and such profit is audited or reviewed and Kandi Smart Battery Swap gets annual or quarterly financial report issued under US GAAP. For the period from January 1, 2020 to June 30, 2021, Kandi Smart Battery Swap achieved its net profit target. Accordingly, the KSBS Shareholders will receive 1,233,068 shares of Kandi’s restrictive common stock or 20.83% of the total equity consideration (i.e., 5,919,674 total shares) as part of the purchase price. All the escrowed shares have been included in the Company’s registration statement on Form S-3 declared effective by the SEC on April 5, 2019. On July 1, 2018, the Company completed the acquisition of 100% of the equity of SC Autosports (d/b/a Kandi America). 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 immediately prior to the closing of the acquisition 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 of up to an additional 1,547,721 shares of common stock of the Company, which are being held in escrow and 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 due to the 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. Accordingly, the former members of SC Autosports received 343,938 shares of Kandi’s restrictive common stock or 20% of the total equity consideration in the purchase price. For the year ended December 31, 2019, SC Autosports achieved its second year pre-tax profit target. Accordingly, the former members of SC Autosports received 515,907 shares of Kandi’s restrictive common stock or 30% of the total equity consideration in the purchase price. For the year ended December 31, 2020, SC Autosports partially achieved its third year pre-tax profit target. As the gap between third year’s pretax profit and pre-tax profit target is less than 20%, the former members of SC Autosports will receive 515,907 shares of Kandi’s restrictive common stock or 30% of the total equity consideration in the purchase price. All the escrowed shares have been included in the Company’s registration statement on Form S-3 declared effective by the SEC on April 5, 2019. The Company recorded contingent consideration liability of the estimated fair value of the contingent consideration the Company currently expects to pay to the KSBS Shareholders and 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 June 30, 2021 and December 31, 2020, the Company’s contingent consideration liability was $0 and $3,743,000, respectively.

Stock Award

Stock Award	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
STOCK AWARD	NOTE 22 - 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. 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. Effective May 15, 2020, Ms. Zhu resigned from her position as interim Chief Financial Officer of the Company. On May 15, 2020, the Board appointed Mr. Jehn Ming Lim as the Chief Financial Officer. Mr. Lim was entitled to receive 6,000 shares of the common stock annually, which shall be issuable evenly on each six-month anniversary hereof. The fair value of stock awards with service condition is determined based on the closing price of the common stock on the date the shares are granted. The compensation costs for awards of common stock are recognized over the requisite service period. On December 30, 2013, the Board approved a proposal (as submitted by the Compensation Committee) of an award (the “Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan”) for certain executives and other key employees. The fair value of each award granted under the 2008 Plan is determined based on the closing price of the Company’s stock on the date of grant of such award. On September 26, 2016, the Board approved to terminate the previous Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan and adopted a new plan to grant the total number of shares of common stock of the stock award for selected executives and key employees 250,000 shares of common stock for each fiscal year. On April 18, 2018, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On April 30, 2019, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On May 9, 2020, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. On April 30, 2021, the Company granted 238,600 shares of common stock to certain management members and employees as compensation for their past services under the 2008 Plan. For the three months ended June 30, 2021 and 2020, the Company recognized $1,406,531 and $824,621 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 the six months ended June 30, 2021 and 2020, the Company recognized $1,429,456 and $847,546 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	6 Months Ended
	Jun. 30, 2021
Summarized Information Of Equity Method Investment [Abstract]
SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY	NOTE 23 - 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 February 18, 2021, Zhejiang Kandi Technologies signed an Equity Transfer Agreement with Geely to transfer all of its remaining 22% equity interests in the Affiliate Company to Geely for a total consideration of RMB 308 million (approximately $47.0 million). Zhejiang Provincial Administration for Market Regulation recorded the update of the ownership of Fengsheng on March 9, 2021. On March 16, 2021, the Company received the first half of the equity transfer payment of RMB 154,000,000 (approximately $23.5 million), and the rest will be paid within 6 months from March 9, 2021. The Company accounted for its investments in the Affiliate Company under the equity method of accounting. As the equity transfer was completed at March 9, 2021, the Company recorded 22% of the Affiliate Company’s loss for the period until completion of equity transfer during the first quarter of 2021. The Company’s equity method investments in the Affiliate Company for the six months ended June 30, 2021 and 2020 are as follows: Six Months Ended June 30, 2021 2020 Investment in the Affiliate Company, beginning of the period, $ 28,892,638 $ 47,228,614 Investment decreased in 2021 (47,715,689 ) - Gain from equity sale 17,733,911 - Reversal of prior year reduction in the equity of the Affiliate Company 3,312,946 - Company’s share in net (loss) income of Affiliate based on 22% ownership for period from January 1, 2021 to March 9, 2021 and six months ended June 30, 2020 (2,683,986 ) (4,086,848 ) Non-controlling interest 99,585 - Prior year unrealized profit realized - 5,549 Subtotal (2,584,401 ) (4,081,299 ) Exchange difference 360,595 (656,867 ) Investment in Affiliate Company, end of the period $ - $ 42,490,448

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 24 - COMMITMENTS AND CONTINGENCIES Guarantees and pledged collateral for bank loans to other parties (1) Guarantees for bank loans On March 15, 2013, the Company entered into a guarantee contract to serve as the guarantor of Nanlong Group Co., Ltd. (“NGCL”) for NGCL’s $3,098,421 (RMB 20 million) loan from Shanghai Pudong Development Bank Jinhua Branch, with a related loan period from March 15, 2013 to March 15, 2016. NGCL is not related to the Company. Under this guarantee contract, the Company agreed to assume joint liability as the loan guarantor. In April 2017, Shanghai Pudong Development Bank filed a lawsuit against NGCL, the Company and ten other parties in Zhejiang Province People’s Court in Yongkang City, alleging NGCL defaulted on a bank loan borrowed from Shanghai Pudong Development Bank for a principal amount of approximately $2.9 million and demanded that the guarantor bear the liability for compensation. On May 27, 2017, a judicial mediation took place in Yongkang City and parties reached a settlement in mediation, in which the plaintiff agreed NGCL would repay the loan principal and interest in installments until December 2021. If there were an event of default that NGCL could not repay the loan, the Company may be obligated to bear the liability of defaulted amount. The Company expects the likelihood of incurring losses in connection with this matter to be remote. (2) Pledged collateral for bank loans for which the parties other than the Company are the borrowers. As of June 30, 2021 and December 31, 2020, none of the Company’s land use rights or plants and equipment were pledged as collateral securing bank loans for which the parties other than the Company are the borrowers. Litigation Beginning in March 2017, putative shareholder class actions were filed against Kandi Technologies Group, Inc. (“Kandi”) and certain of its current and former directors and officers in the United States District Court for the Central District of California and the United States District Court for the Southern District of New York. The complaints generally alleged violations of the federal securities laws based on Kandi’s disclosure in March 2017 that its financial statements for the years 2014, 2015 and the first three quarters of 2016 would need to be restated, and 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. In June 2020, a similar but separate putative securities class action was filed against Kandi and certain of its current and former directors and officers in California federal court. In September 2020, this action was transferred to the New York federal court and Kandi moved to dismiss in March 2021. 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 that motion was denied on April 27, 2020. Separately, in connection with allegations of misconduct identified in pre-suit demands made by putative shareholders of Kandi, Kandi formed a Special Litigation Committee (“SLC”) and retained a Delaware law firm as independent counsel to the SLC to aid in the SLC’s investigation of, and to ultimately report on, the allegations of misconduct set forth in the pre-suit demands. The SLC recommended to Kandi’s board of directors in June 2020 that the SLC be dissolved in light of the ongoing derivative action pending in the Delaware Court of Chancery, and this recommendation was adopted by the board in August 2020. In December 2020, a putative securities class action was filed against Kandi and certain of its current officers in the United States District Court for the Eastern District of New York. The complaint generally alleges violations of the federal securities laws based on claims made in a report issued by Hindenburg Research in November 2020, and seeks damages on behalf of a putative class of shareholders who purchased or acquired Kandi’s securities prior to March 15, 2019. This action remains pending. While the Company believes that the claims in these litigations are without merit and will defend itself vigorously, the Company is unable to estimate the possible loss, if any, associated with these litigations. The ultimate outcome of any litigation is uncertain and the outcome of these matters, whether favorable or unfavorable, could have a negative impact on the Company’s financial condition or results of operations due to defense costs, diversion of management resources and other factors. Defending litigation can be costly, and adverse results in the litigations could result in substantial monetary judgments. No assurance can be made that litigation will not have a material adverse effect on the Company’s future financial position.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 25 - SEGMENT REPORTING The Company has one operating segment. The Company’s revenue and long-lived assets are primarily derived from and located in China and US. The Company does not have manufacturing operations outside of China. The following table sets forth disaggregation of revenue: Three Months Ended 2021 2020 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 6,180,582 $ 8,571,281 China 23,695,253 10,865,795 Total $ 29,875,835 $ 19,437,076 Major products EV parts $ 6,680,515 $ 12,514,548 EV products 610,812 (1,913 ) Off-road vehicles 5,473,195 6,564,415 Electric Scooters, Electric Self-Balancing Scooters and associated parts 16,526,436 360,026 Battery exchange equipment and Battery exchange service 584,877 - Total $ 29,875,835 $ 19,437,076 Timing of revenue recognition Products transferred at a point in time $ 29,875,835 $ 19,437,076 Total $ 29,875,835 $ 19,437,076 The negative amount is due to exchange rate difference. Six Months Ended 2021 2020 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 14,048,008 $ 10,702,105 China 31,805,581 15,107,395 Total $ 45,853,589 $ 25,809,500 Major products EV parts $ 13,048,846 $ 14,595,883 EV products 732,306 253,906 Off-road vehicles 11,092,199 10,599,685 Electric Scooters, Electric Self-Balancing Scooters and associated parts 20,395,361 360,026 Battery exchange equipment and Battery exchange service 584,877 - Total $ 45,853,589 $ 25,809,500 Timing of revenue recognition Products transferred at a point in time $ 45,853,589 $ 25,809,500 Total $ 45,853,589 $ 25,809,500

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 26 - SUBSEQUENT EVENTS On July 13, 2021 (the “Signing Date”), Zhejiang Kandi Technologies entered into (i) a Share Transfer Agreement (the “Share Transfer Agreement”) with three individual shareholders of Jiangxi Huiyi, as defined below (the “Transferors”) and (ii) a Supplementary Agreement (the “Supplementary Agreement”) with the Transferors, pursuant to which Zhejiang Kandi Technologies agreed to purchase all the equity interests of Jiangxi Province Huiyi New Energy Co., Ltd., a company organized under the laws of the People’s Republic of China (“Jiangxi Huiyi”). The consummation of the transactions contemplated in the Share Transfer Agreement is expected to take place no later than thirty business days after the Signing Date. The consummation of the transactions contemplated in the Supplementary Agreement is expected to take place in the following three years after the Signing Date. The acquisition is for the purpose of growing the Company’s business through vertical integration. Pursuant to the terms of the Share Transfer Agreement, Zhejiang Kandi Technologies will acquire all the equity interests of Jiangxi Huiyi for a purchase price of RMB 50 million (approximately $7.7 million) in cash to the Transferors. Zhejiang Kandi Technologies is obligated to pay 50% of the cash portion of the purchase price no later than five business days after the Signing Date. The remaining 50% of the cash portion of the purchase price will be paid upon consummation of the transactions contemplated by the Share Transfer Agreement. In addition, pursuant to the Supplementary Agreement by and between the two parties, the Company may issue 858,770 shares of registered stock (the “Shares”) to the Transferors each year for the next three years, conditioned on the fulfillment of the undertaking by the Transferors of Jiangxi Huiyi to achieve no less than RMB 15 million (approximately $2.3 million) net income (the “Annual Profit Target”) over the course of each of the following three years without additional investment by Zhejiang Kandi Technologies. The Shares will be registered on proper registration statement. The Supplementary Agreement sets forth the terms and conditions of the issuance of the Shares for each of the next three years ended June 30, 2022, 2023 and 2024 as below - If Jiangxi Huiyi achieves the Annual Profit Target, 858,770 shares will be issued to the Transferors. However, a reduced number of shares may be issued to Transferors if Jiangxi Huiyi fails to achieve its Annual Profit Target: If the annual net profits of Jiangxi Huiyi fall below the Annual Profit Target by 20% or less, 687,016 shares will be issued to the Transferors; if net profits of Jiangxi Huiyi fall below the Annual Profit Target by a percentage between 20% and 40%, 515,262 shares will be issued to the Transferors; and if net profits of Jiangxi Huiyi fall below the Annual Profit Target by 40% or more, no shares will be issued to the Transferors. By the end of July 2021, the Company has paid RMB 25 million (approximately $3.4 million) in cash to the Transferors according to the Share Transfer Agreement.

Concentrations (Tables)

Concentrations (Tables)	6 Months Ended
	Jun. 30, 2021
Customers [Member]
Concentrations (Tables) [Line Items]
Schedule of concentration percentage	Sales Trade Receivable Three Months Three Months Ended Ended June 30， June 30， June 30， December 31, Major Customers 2021 2020 2021 2020 Customer A 24 % 15 % 15 % 7 % Customer B 22 % - 13 % 13 % Customer C 12 % - 5 % 3 % Customer D 10 % - 5 % - Sales Trade Receivable Six Months Six Months Ended Ended June 30， June 30， June 30， December 31, Major Customers 2021 2020 2021 2020 Customer A 18 % 15 % 15 % 7 % Customer B 16 % - 13 % 13 %
Suppliers [Member]
Concentrations (Tables) [Line Items]
Schedule of concentration percentage	Purchases Accounts Payable Three Months Three Months Ended Ended June 30， June 30， June 30， December 31， Major Suppliers 2021 2020 2021 2020 Zhejiang Kandi Supply Chain Management Co., Ltd. 60 % 59 % 9 % 9 % Purchases Accounts Payable Six Months Six Months Ended Ended June 30， June 30， June 30， December 31， Major Suppliers 2021 2020 2021 2020 Zhejiang Kandi Supply Chain Management Co., Ltd. 57 % 59 % 9 % 9 % Supplier E 12 % 25 % 16 % 5 %

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2021
Credit Loss, Additional Improvements [Abstract]
Schedule of accounts receivable	June 30, December 31, 2021 2020 Accounts receivable $ 48,825,366 $ 38,657,406 Less: allowance for doubtful accounts (111,512 ) (110,269 ) Accounts receivable, net $ 48,713,854 $ 38,547,137

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of inventories	June 30, December 31, 2021 2020 Raw material $ 10,202,043 $ 7,512,259 Work-in-progress 5,638,319 5,488,532 Finished goods * 7,391,872 6,696,592 Inventories $ 23,232,234 $ 19,697,383 * approximately $1.1 million of inventory of off-roads and EVs held by SC Autosports were pledged as collateral for the $250,000 short-term loan.

Advances to Suppliers (Tables)

Advances to Suppliers (Tables)	6 Months Ended
	Jun. 30, 2021
Advances To Suppliers Are Summarized [Abstract]
Schedule of advances to suppliers	June 30, December 31, 2021 2020 Advance payment for inventory purchase (1) $ 11,164,073 $ 13,107,630 Advance payment for R & D (2) - 19,365,947 Others 2,110,838 4,259,605 Total $ 13,274,911 $ 36,733,182 (1) This amount represents the advance payment in order to lock up the purchase price of the inventory. (2) This amount presents the advance payment to a third party for designing a new EV model, as well as related research and development and consulting works. The Company entered into a research and development contract with a third party on December 1, 2020 with total contract amount of $38.3 million, and advance payment of $23.0 million as per the contract. This advance payment will be expensed progressively according to the progress of the R & D project. In the first half of 2021, $18.2 million expense was incurred accordingly.

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of property, plants and equipment, net	June 30, December 31, 2021 2020 At cost: Buildings * $ 37,389,860 $ 18,924,734 Machinery and equipment 65,449,228 67,893,378 Office equipment 1,226,586 1,138,870 Motor vehicles and other transport equipment 584,420 587,785 Molds and others 12,945,460 12,752,789 117,595,554 101,297,556 Less : Accumulated depreciation (36,016,196 ) (35,894,876 ) Property, plant and equipment, net $ 81,579,358 $ 65,402,680 * approximately $10.9 million of production line building structures were recognized as fixed assets during the second quarter of 2021 due to completion of relocation process and readiness in working condition for their intended use.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill	Remaining June 30, December 31, useful life 2021 2020 Gross carrying amount: Trade name 0.5 years $ 492,235 $ 492,235 Customer relations 0.5 years 304,086 304,086 Patent 4.00-5.67 years 4,926,490 4,871,547 5,722,811 5,667,868 Less : Accumulated amortization Trade name $ (465,170 ) $ (439,798 ) Customer relations (287,366 ) (271,691 ) Patent (2,033,578 ) (1,723,626 ) (2,786,114 ) (2,435,115 ) Intangible assets, net $ 2,936,697 $ 3,232,753
Schedule of amortization expenses	Six months ended December 31, 2021 $ 330,894 Years ended December 31, 2022 582,429 2023 579,692 2024 579,692 2025 513,271 Thereafter 350,719 Total $ 2,936,697

Land Use Rights, Net (Tables)

Land Use Rights, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Land Use Rights [Abstract]
Schedule of land use rights	June 30, December 31, 2021 2020 Cost of land use rights $ 4,070,283 $ 4,024,889 Less: Accumulated amortization (822,060 ) (767,129 ) Land use rights, net $ 3,248,223 $ 3,257,760
Schedule of amortization expense	Six months ended December 31, 2021 $ 46,172 Years ended December 31, 2022 92,344 2023 92,344 2024 92,344 2025 92,344 Thereafter 2,832,675 Total $ 3,248,223

Other Long Term Assets (Tables)

Other Long Term Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Text Block Supplement [Abstract]
Schedule of other long term assets	June 30, December 31, 2021 2020 Long term deferred assets $ 3,308,514 $ 3,706,560 Prepayments for land use right (i) 4,322,440 4,319,305 Land and properties with certificates cancelled (ii) - 13,728,557 Other receivables- Long term 154,921 153,193 Prepayments for new product molds 6,739,066 6,663,909 Right - of - use asset (iii) 3,454,805 3,496,993 Others 32,414 238,967 Total other long term asset $ 18,012,160 $ 32,307,484 (i) As of June 30 June 30 (ii) As of December 31, 2020, the Company’s other long term asset included net value of land of Jinhua facility’s old location with certificates cancelled of $6,095,310 and net value of properties (or buildings/housing) of Jinhua facility’s old location with certificates cancelled of $7,633,247, respectively. As of June 30, 2021, the land and property of Jinhua facility’s old location has been written off. Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 The Company’s Jinhua facility moved out of the old location and completed the relocation process in April 2021. The relevant Economic Zone authorities inspected the vacated land and determined that the relocation was formally completed by meeting all stipulated conditions. As of June 30, 2021, the property of Jinhua facility’s old location has been fully disposed, and the related $48 million gain on disposal of long-live asset was recognized. (iii) As of June 30 June 30 June 30

Taxes (Tables)

Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of income tax expense exemptions and reductions	Six Months Ended June 30, 2021 2020 Tax benefit (holiday) credit $ 5,543,010 $ 164,163 Basic net income per share effect $ 0.000 $ 0.000

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of information related to operating leases	Six months ended Cash payments for operating leases $ 82,994

Summarized Information of Equ_2

Summarized Information of Equity Method Investment in the Affiliate Company (Tables)	6 Months Ended
	Jun. 30, 2021
Summarized Information Of Equity Method Investment [Abstract]
Schedule of equity method investments	Six Months Ended June 30, 2021 2020 Investment in the Affiliate Company, beginning of the period, $ 28,892,638 $ 47,228,614 Investment decreased in 2021 (47,715,689 ) - Gain from equity sale 17,733,911 - Reversal of prior year reduction in the equity of the Affiliate Company 3,312,946 - Company’s share in net (loss) income of Affiliate based on 22% ownership for period from January 1, 2021 to March 9, 2021 and six months ended June 30, 2020 (2,683,986 ) (4,086,848 ) Non-controlling interest 99,585 - Prior year unrealized profit realized - 5,549 Subtotal (2,584,401 ) (4,081,299 ) Exchange difference 360,595 (656,867 ) Investment in Affiliate Company, end of the period $ - $ 42,490,448

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of revenues by geographic area	Three Months Ended 2021 2020 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 6,180,582 $ 8,571,281 China 23,695,253 10,865,795 Total $ 29,875,835 $ 19,437,076 Major products EV parts $ 6,680,515 $ 12,514,548 EV products 610,812 (1,913 ) Off-road vehicles 5,473,195 6,564,415 Electric Scooters, Electric Self-Balancing Scooters and associated parts 16,526,436 360,026 Battery exchange equipment and Battery exchange service 584,877 - Total $ 29,875,835 $ 19,437,076 Timing of revenue recognition Products transferred at a point in time $ 29,875,835 $ 19,437,076 Total $ 29,875,835 $ 19,437,076 Six Months Ended 2021 2020 Sales Revenue Sales Revenue Primary geographical markets Overseas $ 14,048,008 $ 10,702,105 China 31,805,581 15,107,395 Total $ 45,853,589 $ 25,809,500 Major products EV parts $ 13,048,846 $ 14,595,883 EV products 732,306 253,906 Off-road vehicles 11,092,199 10,599,685 Electric Scooters, Electric Self-Balancing Scooters and associated parts 20,395,361 360,026 Battery exchange equipment and Battery exchange service 584,877 - Total $ 45,853,589 $ 25,809,500 Timing of revenue recognition Products transferred at a point in time $ 45,853,589 $ 25,809,500 Total $ 45,853,589 $ 25,809,500

Liquidity (Details)

Liquidity (Details)	Jul. 09, 2020USD ($)	Jul. 09, 2020CNY (¥)	Mar. 10, 2020USD ($)	Mar. 10, 2020CNY (¥)	Feb. 18, 2021USD ($)	Feb. 18, 2021CNY (¥)	May 22, 2020USD ($)	May 22, 2020CNY (¥)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Jun. 30, 2020USD ($)	Mar. 16, 2021USD ($)	Mar. 16, 2021CNY (¥)	Mar. 09, 2021	Dec. 31, 2020USD ($)	Jan. 02, 2020
Liquidity (Details) [Line Items]
Working capital									$ 297,349,768						$ 223,318,151
Working capital increasing															74,031,617
Cash and cash equivalents									132,071,957		$ 3,457,498				142,078,190
Restricted cash									16,117,526		3,221,053				442,445
Certificate of deposit									54,222,374
Real estate repurchase agreement, description			On March 10, 2020, a real estate repurchase agreement (the “Repurchase Agreement”) was entered into by and between Zhejiang Kandi Technologies and Jinhua Economic and Technological Development Zone pursuant to which the local government shall purchase the land use right over the land of 66 acres (400 mu, 265,029 square meters) that is owned by Zhejiang Kandi Technologies for RMB 525 million ($81 million).	On March 10, 2020, a real estate repurchase agreement (the “Repurchase Agreement”) was entered into by and between Zhejiang Kandi Technologies and Jinhua Economic and Technological Development Zone pursuant to which the local government shall purchase the land use right over the land of 66 acres (400 mu, 265,029 square meters) that is owned by Zhejiang Kandi Technologies for RMB 525 million ($81 million).
Eligible for tax rebates			$ 77,000,000	¥ 500,000,000
First payment under repurchase agreement							$ 38,000,000	¥ 244,000,000
Second payment under repurchase agreement	$ 18,000,000	¥ 119,000,000
Additional value of repurchase									2,000,000	¥ 12,000,000
Remaining equity interests Percentage														22.00%		22.00%
Equity transfer payment												$ 24,000,000	¥ 154,000,000
Short-term bank loans									250,000
Second payment [Member]
Liquidity (Details) [Line Items]
Second payment under repurchase agreement	$ 23,000,000
Final payment under repurchase agreement (in Yuan Renminbi) | ¥		¥ 150,000,000
Geely [Member]
Liquidity (Details) [Line Items]
Remaining equity interests Percentage					22.00%	22.00%								22.00%
Total consideration					$ 48,000,000	¥ 308,000,000
Net loss									$ 19,400,000		$ 1,600,000
Minimum [Member]
Liquidity (Details) [Line Items]
Percentage of annual certificate of deposit									3.70%
Maximum [Member]
Liquidity (Details) [Line Items]
Percentage of annual certificate of deposit									3.99%

Principles of Consolidation (De

Principles of Consolidation (Details) - USD ($) $ in Millions	Mar. 09, 2021	Jun. 30, 2021	Feb. 18, 2021	Jan. 02, 2020
Principles of Consolidation (Details) [Line Items]
Percentage of equity interest	22.00%			22.00%
Gain from equity sale (in Dollars)	$ 17.7
Accounts receivable (in Dollars)		$ 17.6
Other receivables (in Dollars)		$ 2.2
Geely [Member]
Principles of Consolidation (Details) [Line Items]
Percentage of equity interest	22.00%		22.00%
Kandi New Energy [Member] | Zhejiang Kandi Technologies [Member]
Principles of Consolidation (Details) [Line Items]
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]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary		50.00%
Kandi Hainan [Member] | Zhejiang Kandi Technologies [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary		90.00%
Kandi Hainan [Member] | Kandi New Energy [Member]
Principles of Consolidation (Details) [Line Items]
Percentage owned in subsidiary		10.00%

Concentrations (Details)

Concentrations (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020
Customers [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10.00%	10.00%
Suppliers [Member]
Concentrations (Details) [Line Items]
Concentration risk, percentage	10.00%		10.00%

Concentrations (Details) - Sche

Concentrations (Details) - Schedule of concentration percentage	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Customer A [Member] | Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	24.00%	15.00%	18.00%	15.00%
Customer A [Member] | Trade Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			15.00%		7.00%
Customer B [Member] | Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	22.00%		16.00%
Customer B [Member] | Trade Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			13.00%		13.00%
Customer C [Member] | Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	12.00%
Customer C [Member] | Trade Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			5.00%		3.00%
Customer D [Member] | Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Customer D [Member] | Trade Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			5.00%

Concentrations (Details) - Sc_2

Concentrations (Details) - Schedule of concentration percentage	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Purchases [Member] | Zhejiang Kandi Supply Chain Management Co., Ltd. [Member]
Concentration Risk [Line Items]
Concentration percentage	60.00%	59.00%	57.00%	59.00%
Purchases [Member] | Supplier E [Member]
Concentration Risk [Line Items]
Concentration percentage			12.00%	25.00%
Accounts Payable [Member] | Zhejiang Kandi Supply Chain Management Co., Ltd. [Member]
Concentration Risk [Line Items]
Concentration percentage			9.00%		9.00%
Accounts Payable [Member] | Supplier E [Member]
Concentration Risk [Line Items]
Concentration percentage			16.00%		5.00%

Earnings Per Share (Details)

Earnings Per Share (Details)	6 Months Ended
	Jun. 30, 2021shares
Option [Member]
Earnings Per Share (Details) [Line Items]
Excluded from the calculation of diluted net loss per share	900,000
Warrants [Member]
Earnings Per Share (Details) [Line Items]
Excluded from the calculation of diluted net loss per share	8,131,332

Accounts Receivable (Details) -

Accounts Receivable (Details) - Schedule of accounts receivable - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of accounts receivable [Abstract]
Accounts receivable	$ 48,825,366	$ 38,657,406
Less: allowance for doubtful accounts	(111,512)	(110,269)
Accounts receivable, net	$ 48,713,854	$ 38,547,137

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($)		Jun. 30, 2021	Dec. 31, 2020
Schedule of inventories [Abstract]
Raw material		$ 10,202,043	$ 7,512,259
Work-in-progress		5,638,319	5,488,532
Finished goods	[1]	7,391,872	6,696,592
Inventories		$ 23,232,234	$ 19,697,383
[1]	approximately $1.1 million of inventory of off-roads and EVs held by SC Autosports were pledged as collateral for the $250,000 short-term loan.

Notes Receivable (Details)

Notes Receivable (Details) - USD ($)	Sep. 20, 2021	Aug. 20, 2021	Jun. 30, 2021	Jun. 22, 2021	Apr. 20, 2021	Jan. 27, 2021	Jan. 15, 2021	Dec. 31, 2020
Notes Receivable (Details) [Line Items]
Notes receivable from unrelated parties								$ 31,404,630
Due from unrelated parties			$ 2,200,000
Notes Receivable One [Member]
Notes Receivable (Details) [Line Items]
Notes receivable from unrelated parties			$ 8,985,422
Notes Receivable One [Member] | Subsequent Event [Member]
Notes Receivable (Details) [Line Items]
Notes receivable from unrelated parties		$ 4,600,000
Due from unrelated parties	$ 4,300,000
Notes Receivable [Member]
Notes Receivable (Details) [Line Items]
Rate of annual interest								6.00%
Notes Receivable Two [Member]
Notes Receivable (Details) [Line Items]
Notes receivable from unrelated parties				$ 9,200,000	$ 9,200,000	$ 6,900,000	$ 6,100,000

Other Receivables (Details)

Other Receivables (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Other receivables	$ 40,574,115	$ 1,875,245
Receivables affiliate equity transfer	23,900,000
Lease deposits	11,100,000
Interest receivables	$ 2,900,000

Advances to Suppliers (Details)

Advances to Suppliers (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 01, 2020
Advances To Suppliers Are Summarized [Abstract]
Total contract amount		$ 38.3
Advance payment		$ 23
Expense incurred	$ 18.2

Advances to Suppliers (Detail_2

Advances to Suppliers (Details) - Schedule of advances to suppliers - USD ($)		Jun. 30, 2021	Dec. 31, 2020
Schedule of advances to suppliers [Abstract]
Advance payment for inventory purchase	[1]	$ 11,164,073	$ 13,107,630
Advance payment for R & D	[2]		19,365,947
Others		2,110,838	4,259,605
Total		$ 13,274,911	$ 36,733,182
[1]	This amount represents the advance payment in order to lock up the purchase price of the inventory.
[2]	This amount presents the advance payment to a third party for designing a new EV model, as well as related research and development and consulting works. The Company entered into a research and development contract with a third party on December 1, 2020 with total contract amount of $38.3 million, and advance payment of $23.0 million as per the contract. This advance payment will be expensed progressively according to the progress of the R & D project. In the first half of 2021, $18.2 million expense was incurred accordingly.

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 1,942,294	$ 1,750,013	$ 3,766,555	$ 3,530,165

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details) - Schedule of property, plants and equipment, net - USD ($)		Jun. 30, 2021	Dec. 31, 2020
At cost:
Property, plant and equipment, gross		$ 117,595,554	$ 101,297,556
Less : Accumulated depreciation		(36,016,196)	(35,894,876)
Property, plant and equipment, net		81,579,358	65,402,680
Buildings [Member]
At cost:
Property, plant and equipment, gross	[1]	37,389,860	18,924,734
Machinery and equipment [member
At cost:
Property, plant and equipment, gross		65,449,228	67,893,378
Office equipment [Member]
At cost:
Property, plant and equipment, gross		1,226,586	1,138,870
Motor vehicles and other transport equipment [Member]
At cost:
Property, plant and equipment, gross		584,420	587,785
Molds and Others [Member]
At cost:
Property, plant and equipment, gross		$ 12,945,460	$ 12,752,789
[1]	approximately $10.9 million of production line building structures were recognized as fixed assets during the second quarter of 2021 due to completion of relocation process and readiness in working condition for their intended use.

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses for intangible assets	$ 165,722	$ 152,846	$ 330,894	$ 307,702

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill [Line Items]
Gross carrying value of intangible assets	$ 5,722,811	$ 5,667,868
Less: Accumulated amortization	(2,786,114)	(2,435,115)
Intangible assets, net	$ 2,936,697	3,232,753
Trade name [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill [Line Items]
Remaining useful life	6 months
Gross carrying value of intangible assets	$ 492,235	492,235
Less: Accumulated amortization	$ (465,170)	(439,798)
Customer relations [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill [Line Items]
Remaining useful life	6 months
Gross carrying value of intangible assets	$ 304,086	304,086
Less: Accumulated amortization	(287,366)	(271,691)
Patent [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill [Line Items]
Gross carrying value of intangible assets	4,926,490	4,871,547
Less: Accumulated amortization	$ (2,033,578)	$ (1,723,626)
Patent [Member] | Minimum [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill [Line Items]
Remaining useful life	4 years
Patent [Member] | Maximum [Member]
Intangible Assets (Details) - Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill [Line Items]
Remaining useful life	5 years 8 months 1 day

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of amortization expenses - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of amortization expenses [Abstract]
Six months ended December 31, 2021	$ 330,894
2022	582,429
2023	579,692
2024	579,692
2025	513,271
Thereafter	350,719
Total	$ 2,936,697	$ 3,232,753

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Land Use Rights [Abstract]
Amortization expenses	$ 23,130	$ 79,751	$ 46,172	$ 160,712

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - Schedule of land use rights - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of land use rights [Abstract]
Cost of land use rights	$ 4,070,283	$ 4,024,889
Less: Accumulated amortization	(822,060)	(767,129)
Land use rights, net	$ 3,248,223	$ 3,257,760

Land Use Rights, Net (Details_2

Land Use Rights, Net (Details) - Schedule of amortization expense - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of amortization expense [Abstract]
Six months ended December 31, 2021	$ 46,172
2022	92,344
2023	92,344
2024	92,344
2025	92,344
Thereafter	2,832,675
Total	$ 3,248,223	$ 3,257,760

Other Long Term Assets (Details

Other Long Term Assets (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Other Long Term Assets (Details) [Line Items]
Prepayments for land use right	[1]	$ 4,322,440		$ 4,322,440		$ 4,319,305
Amortization expense		23,130	$ 79,751	46,172	$ 160,712
Depreciation expense		37,288
Newly acquired land use right		3,454,805		3,454,805		3,450,958
Amortization expense		17,530		34,994
Hainan [Member]
Other Long Term Assets (Details) [Line Items]
Prepayments for land use right		4,322,440		4,322,440		4,319,305
Amortization expense		22,781	$ 20,760	45,475	$ 41,836
Jinhua Facility [Member]
Other Long Term Assets (Details) [Line Items]
Amortization expense		21,508		67,898
Old location certificates cancelled		7,633,247		7,633,247		$ 6,095,310
Depreciation expense				151,230
Disposal of long-live asset		$ 48,000,000		$ 48,000,000
[1]	As of June 30 June 30

Other Long Term Assets (Detai_2

Other Long Term Assets (Details) - Schedule of other long term assets - USD ($)		Jun. 30, 2021	Dec. 31, 2020
Schedule of other long term assets [Abstract]
Long term deferred assets		$ 3,308,514	$ 3,706,560
Prepayments for land use right	[1]	4,322,440	4,319,305
Land and properties with certificates cancelled	[2]		13,728,557
Other receivables- Long term		154,921	153,193
Prepayments for new product molds		6,739,066	6,663,909
Right - of - use asset	[3]	3,454,805	3,496,993
Others		32,414	238,967
Total other long term asset		$ 18,012,160	$ 32,307,484
[1]	As of June 30 June 30
[2]	As of December 31, 2020, the Company’s other long term asset included net value of land of Jinhua facility’s old location with certificates cancelled of $6,095,310 and net value of properties (or buildings/housing) of Jinhua facility’s old location with certificates cancelled of $7,633,247, respectively. As of June 30, 2021, the land and property of Jinhua facility’s old location has been written off. Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 Jinhua facility’s old location June 30 The Company’s Jinhua facility moved out of the old location and completed the relocation process in April 2021. The relevant Economic Zone authorities inspected the vacated land and determined that the relocation was formally completed by meeting all stipulated conditions. As of June 30, 2021, the property of Jinhua facility’s old location has been fully disposed, and the related $48 million gain on disposal of long-live asset was recognized.
[3]	As of June 30 June 30 June 30

Taxes (Details)

Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Taxes (Details) [Line Items]
Applicable corporate income tax rate			25.00%
Reduced income tax rate			15.00%
Corporate income tax			25.00%	25.00%
Corporation income tax, description			After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s effective tax rate for the six months ended June 30, 2021 and 2020 were a tax expense of 19.04% on a reported income before taxes of approximately $42.6 million, a tax expense of 62.43% on a reported income before taxes of approximately $6.6 million, respectively.
Income tax provision expense	$ 8,118,441	$ 4,122,502
Subsidiaries [Member]
Taxes (Details) [Line Items]
Corporate income tax			25.00%
PRC [Member]
Taxes (Details) [Line Items]
Net operating loss carried forward term			5 years
U.S. [Member]
Taxes (Details) [Line Items]
Cumulative net operating loss	800,000		$ 800,000
Hong Kong [Member]
Taxes (Details) [Line Items]
Cumulative net operating loss	$ 100,000		$ 100,000
High and New Technology Enterprise [Member]
Taxes (Details) [Line Items]
Applicable corporate income tax rate			15.00%
HNTE Treatment [Member] | PRC [Member]
Taxes (Details) [Line Items]
Net operating loss carried forward term			10 years
PRC, Hong Kong and U.S. [Member]
Taxes (Details) [Line Items]
Net Operation loss					$ 21,300,000	$ 9,600,000

Taxes (Details) - Schedule of i

Taxes (Details) - Schedule of income tax expense exemptions and reductions - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Schedule of income tax expense exemptions and reductions [Abstract]
Tax benefit (holiday) credit	$ 5,543,010	$ 164,163
Basic net income per share effect	$ 0	$ 0

Leases (Details)

Leases (Details) - USD ($)		3 Months Ended	6 Months Ended
		Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Oct. 31, 2020
Leases (Details) [Line Items]
Gross value of land use rights		$ 117,595,554	$ 117,595,554	$ 101,297,556
Right of use asset	[1]	3,454,805	3,454,805	$ 3,496,993
Operating lease cost		$ 29,530	$ 82,994
Corporate Office Lease [Member] | SC Autosports [Member]
Leases (Details) [Line Items]
Lease term		15 months	15 months
Monthly lease payment, description			The monthly lease payment is $11,000 from February 2020 to April 2020 and $12,000 from May 2020 to April 2021.
Discount rate		4.25%	4.25%
Lease [Member]
Leases (Details) [Line Items]
Gross value of land use rights					$ 3,500,000
Right of use asset		$ 3,454,805	$ 3,454,805
[1]	As of June 30 June 30 June 30

Leases (Details) - Schedule of

Leases (Details) - Schedule of information related to operating leases	6 Months Ended
	Jun. 30, 2021USD ($)
Schedule of information related to operating leases [Abstract]
Cash payments for operating leases	$ 82,994

Contingent Consideration Liab_2

Contingent Consideration Liability (Details)	Jul. 01, 2018USD ($)shares	Jan. 03, 2018USD ($)shares	Jun. 30, 2021CNY (¥)shares	Dec. 31, 2019	Dec. 31, 2018shares	Jun. 30, 2021USD ($)	Mar. 09, 2021	Dec. 31, 2020USD ($)	Jan. 02, 2020
Contingent Consideration Liability (Details) [Line Items]
Percentage of acquisition of equity							22.00%		22.00%
Contingent consideration liability (in Dollars) | $						$ 0		$ 3,743,000
SC Autosports [Member]
Contingent Consideration Liability (Details) [Line Items]
Contingent consideration liability, description				For the year ended December 31, 2019, SC Autosports achieved its second year pre-tax profit target. Accordingly, the former members of SC Autosports received 515,907 shares of Kandi’s restrictive common stock or 30% of the total equity consideration in the purchase price. For the year ended December 31, 2020, SC Autosports partially achieved its third year pre-tax profit target. As the gap between third year’s pretax profit and pre-tax profit target is less than 20%, the former members of SC Autosports will receive 515,907 shares of Kandi’s restrictive common stock or 30% of the total equity consideration in the purchase price.
Percentage of acquisition of equity	100.00%
Percentage of total outstanding shares of common stock	0.30%
Number of shares, granted					343,938
SC Autosports [Member] | Restricted Stock [Member]
Contingent Consideration Liability (Details) [Line Items]
Number of shares issued	171,969
Jinhua An Kao [Member]
Contingent Consideration Liability (Details) [Line Items]
Contingent consideration liability, description		the Company completed the acquisition of 100% of the equity of Jinhua An Kao, currently known as Kandi Smart Battery Swap Co., Ltd. (“Kandi Smart Battery Swap”). 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 immediately prior to the closing of the acquisition valued at approximately $20.7 million to the former shareholders of Kandi Smart Battery Swap and his designees (the “KSBS Shareholders”), and may be required to pay future consideration of up to an additional 2,959,837 shares of common stock, which are being held in escrow and to be released contingent upon the achievement of certain net income-based milestones in the next three years.			Kandi Smart Battery Swap achieved its first year net profit target. Accordingly, the KSBS Shareholders received 739,959 shares of Kandi’s restrictive common stock or 12.5% of the total equity consideration (i.e., 5,919,674 total shares) as part of the purchase price. For the year ended December 31, 2019, Kandi Smart Battery Swap achieved its second year net profit target. Accordingly, the KSBS Shareholders received 986,810 shares of Kandi’s restrictive common stock or 16.67% of the total equity consideration (i.e., 5,919,674 total shares) as part of the purchase price.
Number of shares issued		2,959,837
Value of shares issued (in Dollars) | $		$ 20,700,000
KSBS Shareholders [Member]
Contingent Consideration Liability (Details) [Line Items]
Total equity consideration, percentage			20.83%
Total shares of equity consideration			5,919,674
Net profit (in Yuan Renminbi) | ¥			¥ 50,000,000
Number of shares			1,233,068
Equity consideration percentage			20.83%
Number of total shares			5,919,674
Transfer Agreement [Member] | SC Autosports [Member]
Contingent Consideration Liability (Details) [Line Items]
Number of shares issued	1,547,721
Transfer Agreement [Member] | SC Autosports [Member] | Restricted Stock [Member]
Contingent Consideration Liability (Details) [Line Items]
Value of shares issued (in Dollars) | $	$ 800,000

Stock Award (Details)

Stock Award (Details) - USD ($)	May 15, 2020	May 09, 2020	Apr. 30, 2021	Apr. 30, 2019	Jan. 29, 2019	Apr. 18, 2018	Sep. 26, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Stock Award (Details) [Line Items]
Expenses for stock compensation (in Dollars)								$ 1,406,531	$ 824,621	$ 1,429,456	$ 847,546
2008 Plan [Member]
Stock Award (Details) [Line Items]
Total number of shares of common stock grant to key employees							250,000
Shares granted to certain management members and employees as compensation						238,600
Mr. Henry Yu [Member]
Stock Award (Details) [Line Items]
Restricted shares of common stock compensate										5,000
Mr. Jerry Lewin [Member]
Stock Award (Details) [Line Items]
Restricted shares of common stock compensate										5,000
Ms. Kewa Luo [Member]
Stock Award (Details) [Line Items]
Shares of common stock compensate										5,000
Ms Zhu Xiaoying [Member] | 2008 Omnibus Long-Term Incentive Plan [Member]
Stock Award (Details) [Line Items]
Shares of common stock compensate					10,000
Mr. Jehn Ming Lim [Member] | 2008 Omnibus Long-Term Incentive Plan [Member]
Stock Award (Details) [Line Items]
Shares of common stock compensate	6,000
Management Members And Employees [Member]
Stock Award (Details) [Line Items]
Shares granted to certain management members and employees as compensation		238,600	238,600	238,600

Summarized Information of Equ_3

Summarized Information of Equity Method Investment in the Affiliate Company (Details) $ in Millions	Mar. 09, 2021USD ($)	Mar. 09, 2021CNY (¥)	Mar. 16, 2021USD ($)	Mar. 16, 2021CNY (¥)	Feb. 18, 2021USD ($)	Feb. 18, 2021CNY (¥)	Jan. 02, 2020
Summarized Information of Equity Method Investment in the Affiliate Company (Details) [Line Items]
Percentage of equity interests	22.00%	22.00%					22.00%
Equity method investments on affiliate			$ 24	¥ 154,000,000
Equity transfer payment	$ 23.5	¥ 154,000,000
Equity Transfer Agreement [Member]
Summarized Information of Equity Method Investment in the Affiliate Company (Details) [Line Items]
Percentage of equity interests					22.00%	22.00%
Equity method investments on affiliate					$ 47	¥ 308,000,000

Summarized Information of Equ_4

Summarized Information of Equity Method Investment in the Affiliate Company (Details) - Schedule of equity method investments - Affiliated Company [Member] - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Schedule of Equity Method Investments [Line Items]
Investment in the Affiliate Company, beginning of the period,	$ 28,892,638	$ 47,228,614
Investment decreased in 2021	(47,715,689)
Gain from equity sale	17,733,911
Reversal of prior year reduction in the equity of the Affiliate Company	3,312,946
Company’s share in net (loss) income of Affiliate based on 22% ownership for period from January 1, 2021 to March 9, 2021 and six months ended June 30, 2020	(2,683,986)	(4,086,848)
Non-controlling interest	99,585
Prior year unrealized profit realized		5,549
Subtotal	(2,584,401)	(4,081,299)
Exchange difference	360,595	(656,867)
Investment in Affiliate Company, end of the period		$ 42,490,448

Commitments and Contingencies (

Commitments and Contingencies (Details) ¥ in Millions	Mar. 15, 2013USD ($)	Apr. 30, 2017	Mar. 15, 2013CNY (¥)
Nanlong Group Co., Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Description of loans period	(“NGCL”) for NGCL’s $3,098,421 (RMB 20 million) loan from Shanghai Pudong Development Bank Jinhua Branch, with a related loan period from March 15, 2013 to March 15, 2016.
Guarantee for bank loans amount	$ 3,098,421		¥ 20
Shanghai Pudong Development Bank [Member]
Commitments and Contingencies (Details) [Line Items]
Loan borrowed, description		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.

Segment Reporting (Details)

Segment Reporting (Details)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Number of operating segment	1

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of revenues by geographic area - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Primary Geographical Markets [Member]
Segment Reporting Information [Line Items]
Revenues	$ 29,875,835	$ 19,437,076	$ 45,853,589	$ 25,809,500
Major products [Member]
Segment Reporting Information [Line Items]
Revenues	29,875,835	19,437,076	45,853,589	25,809,500
Timing of revenue recognition [Member]
Segment Reporting Information [Line Items]
Revenues	29,875,835	19,437,076	45,853,589	25,809,500
Off-road vehicles [Member] | Major products [Member]
Segment Reporting Information [Line Items]
Revenues	5,473,195	6,564,415	11,092,199	10,599,685
Electric Scooters, Electric Self-Balancing Scooters and associated parts [Member] | Major products [Member]
Segment Reporting Information [Line Items]
Revenues	16,526,436	360,026	20,395,361	360,026
Battery exchange equipment and Battery exchange service [Member] | Major products [Member]
Segment Reporting Information [Line Items]
Revenues	584,877		584,877
Products transferred at a point in time [Member] | Timing of revenue recognition [Member]
Segment Reporting Information [Line Items]
Revenues	29,875,835	19,437,076	45,853,589	25,809,500
Overseas [Member] | Primary Geographical Markets [Member]
Segment Reporting Information [Line Items]
Revenues	6,180,582	8,571,281	14,048,008	10,702,105
China [Member] | Primary Geographical Markets [Member]
Segment Reporting Information [Line Items]
Revenues	23,695,253	10,865,795	31,805,581	15,107,395
EV parts [Member] | Major products [Member]
Segment Reporting Information [Line Items]
Revenues	6,680,515	12,514,548	13,048,846	14,595,883
EV products [Member] | Major products [Member]
Segment Reporting Information [Line Items]
Revenues	$ 610,812	$ (1,913)	$ 732,306	$ 253,906

Subsequent Events (Details)

Subsequent Events (Details) ¥ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)shares	Jun. 30, 2021CNY (¥)shares	Jun. 30, 2020USD ($)	Jul. 31, 2021USD ($)	Jul. 31, 2021CNY (¥)
Subsequent Events (Details) [Line Items]
Purchase price amount			$ 7,700,000	¥ 50
Percentage of obligated cash portion			50.00%	50.00%
Percentage of remaining cash portion			50.00%	50.00%
Shares issued | shares	858,770		858,770	858,770
Net income | $	$ 40,929,474	$ 4,055,046	$ 34,526,754		$ 2,480,400
Subsequent event, description			The Supplementary Agreement sets forth the terms and conditions of the issuance of the Shares for each of the next three years ended June 30, 2022, 2023 and 2024 as below - If Jiangxi Huiyi achieves the Annual Profit Target, 858,770 shares will be issued to the Transferors. However, a reduced number of shares may be issued to Transferors if Jiangxi Huiyi fails to achieve its Annual Profit Target: If the annual net profits of Jiangxi Huiyi fall below the Annual Profit Target by 20% or less, 687,016 shares will be issued to the Transferors; if net profits of Jiangxi Huiyi fall below the Annual Profit Target by a percentage between 20% and 40%, 515,262 shares will be issued to the Transferors; and if net profits of Jiangxi Huiyi fall below the Annual Profit Target by 40% or more, no shares will be issued to the Transferors.	The Supplementary Agreement sets forth the terms and conditions of the issuance of the Shares for each of the next three years ended June 30, 2022, 2023 and 2024 as below - If Jiangxi Huiyi achieves the Annual Profit Target, 858,770 shares will be issued to the Transferors. However, a reduced number of shares may be issued to Transferors if Jiangxi Huiyi fails to achieve its Annual Profit Target: If the annual net profits of Jiangxi Huiyi fall below the Annual Profit Target by 20% or less, 687,016 shares will be issued to the Transferors; if net profits of Jiangxi Huiyi fall below the Annual Profit Target by a percentage between 20% and 40%, 515,262 shares will be issued to the Transferors; and if net profits of Jiangxi Huiyi fall below the Annual Profit Target by 40% or more, no shares will be issued to the Transferors.
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Cash						$ 3,400,000	¥ 25
Jiangxi Huiyi [Member]
Subsequent Events (Details) [Line Items]
Net income			$ 2,300,000	¥ 15