Kandi Technologies Group, Inc. (Kandi) is engaged in the design, development, manufacturing and commercialization of electric vehicles (EVs) and electric vehicle parts, which are distributed in China and global markets. The Company conducts its business operations through its wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles) and the partial and wholly owned subsidiaries of Kandi Vehicles. The Company sold its EV parts to the JV Company for manufacturing of the EV products. Among the total EV parts sales to the JV Company, approximately 83% or the sales are related to the sales of battery packs. Approximately 6% of the sales are related to the sales of EV controller; approximately 5% of the sales are related to the sales of air conditioning units, and approximately 4% of the sales are related to the sales of EV drive motors and the remaining 2% were related to the sales of body parts and other auto parts.