8 MLI2.,("RG*DXZ\U?V*W+(I/N*?10%C/U/2+35EM5NXRZ6TZW$:@X&]>F?SK0 MHHH&%%%% "9I:**9 4444BD%%%% PHHHH ****!,****!!1110 8HHHH *** M* "BBB@ HHHH **** "BBB@ Q1110 W=\VVEQ113 ,4M%%( HHHH **** "B MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *** 9*!H****!A1110 4444 %%%% !1110!__V0$! end XML 20 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2017	Mar. 08, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Kandi Technologies Group, Inc.
Entity Central Index Key	0001316517
Trading Symbol	KNDI
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 152,241,638
Entity Common Stock, Shares Outstanding		53,968,712

XML 21 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 4,891,808	$ 12,235,921
Restricted cash	11,218,688	12,957,377
Short term investment		4,463,097
Accounts receivable(net of allowance for doubtful accounts of $133,930 and $0 as of December 31, 2017 and December 31, 2016, respectively)	34,397,858	32,394,613
Inventories (net of provision for slow moving inventory of $620,919 and $415,797 as of December 31, 2017 and December 31, 2016, respectively)	15,979,794	11,914,110
Notes receivable from JV Company and related party	1,137,289	400,239
Other receivables	2,650,668	66,064
Prepayments and prepaid expense	6,536,839	4,317,855
Due from employees	7,070	4,863
Advances to suppliers	14,908,385	38,250,818
Amount due from JV Company, net	146,422,440	136,536,159
Amount due from related party	162,048	10,484,816
TOTAL CURRENT ASSETS	238,312,887	264,025,932
LONG-TERM ASSETS
Property, Plant and equipment, net	12,000,971	15,194,442
Land use rights, net	12,666,047	11,775,720
Construction in progress	53,083,925	27,054,181
Deferred taxes assets	4,383,425
Long Term Investment	1,460,034	1,367,723
Investment in JV Company	70,681,013	77,453,014
Goodwill	322,591	322,591
Intangible assets	331,116	413,211
Advances to suppliers	21,592,918	33,819,419
Other long-term assets	7,590,734	8,271,952
Amount due from JV Company, net	15,907,183
TOTAL Long-Term Assets	200,019,957	175,672,253
TOTAL ASSETS	438,332,844	439,698,185
CURRENT LIABILITIES
Accounts payables	111,595,540	115,870,051
Other payables and accrued expenses	6,556,209	4,835,952
Short-term loans	33,042,864	34,265,065
Customer deposits	205,544	41,671
Notes payable	28,075,945	14,797,325
Income tax payable	2,902,699	1,364,235
Due to employees	35,041	21,214
Deferred taxes liabilities		118,643
Deferred income	2,191,143	6,363,751
Total Current Liabilities	184,604,985	177,677,907
LONG-TERM LIABILITIES
Long term bank loans	30,737,547	28,794,172
Deferred taxes liabilities		878,639
Total Long-Term Liabilities	30,737,547	29,672,811
TOTAL LIABILITIES	215,342,532	207,350,718
STOCKHOLDER'S EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized; 48,036,538 and 47,699,638 shares issued and outstanding at December 31,2017 and December 31,2016, respectively	48,037	47,700
Additional paid-in capital	233,055,348	227,911,477
Retained earnings (the restricted portion is $4,422,033 and $4,219,808 at December 31,2017 and December 31, 2016, respectively)	(3,802,310)	24,545,163
Accumulated other comprehensive loss	(6,310,763)	(20,156,873)
TOTAL STOCKHOLDERS' EQUITY	222,990,312	232,347,467
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 438,332,844	$ 439,698,185

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Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Net of allowance for doubtful accounts	$ 133,930	$ 0
Net of provision for slow moving inventory	$ 620,919	$ 415,797
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,036,538	47,699,638
Common stock, shares outstanding	48,036,538	47,699,638
Restricted retained earnings	$ 4,422,033	$ 4,219,808

XML 23 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income (Loss) [Abstract]
REVENUES FROM UNRELATED PARTY, NET	$ 9,853,410	$ 47,870,589	$ 6,790,032
REVENUES FROM JV COMPANY AND RELATED PARTY, NET	92,952,211	81,621,424	194,279,141
REVENUES, NET	102,805,621	129,492,013	201,069,173
COST OF GOODS SOLD	(88,461,432)	(111,770,197)	(172,649,955)
GROSS PROFIT	14,344,189	17,721,816	28,419,218
OPERATING EXPENSES:
Research and development	(27,628,085)	(26,504,650)	(3,482,511)
Selling and marketing	(1,465,007)	(1,567,707)	(633,863)
General and administrative	(11,333,336)	(20,665,709)	(28,255,267)
Total Operating Expenses	(40,426,428)	(48,738,066)	(32,371,641)
LOSS FROM OPERATIONS	(26,082,239)	(31,016,250)	(3,952,423)
OTHER INCOME (EXPENSE):
Interest income	2,269,844	2,961,153	3,138,717
Interest expense	(2,280,286)	(1,831,667)	(2,214,635)
Change in fair value of financial instruments		3,823,590	8,519,295
Government grants	5,913,554	25,913,540	1,645,032
Share of (loss) income after tax of JV	(11,555,302)	(7,307,510)	11,841,855
Other income, net	123,925	1,627,933	1,814,882
Total other (expense) income, net	(5,528,265)	25,187,039	24,745,146
(LOSS) INCOME BEFORE INCOME TAXES	(31,610,504)	(5,829,211)	20,792,723
INCOME TAX BENEFIT (EXPENSE)	3,263,030	(681,546)	(6,127,228)
NET(LOSS) INCOME	(28,347,474)	(6,510,757)	14,665,495
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation	13,846,110	(15,415,223)	(9,631,753)
COMPREHENSIVE (LOSS) INCOME	$ (14,501,364)	$ (21,925,980)	$ 5,033,742
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC	47,943,830	47,447,665	46,744,718
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED	47,943,830	47,447,665	46,925,554
NET (LOSS) INCOME PER SHARE, BASIC	$ (0.59)	$ (0.14)	$ 0.31
NET (LOSS) INCOME PER SHARE, DILUTED	$ (0.59)	$ (0.14)	$ 0.31

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Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income
Balance at Dec. 31, 2014	$ 211,584,839	$ 46,275	$ 190,258,037	$ 16,390,424	$ 4,890,103
Balance, shares at Dec. 31, 2014		46,274,855
Stock issuance and award	22,306,987	$ 690	22,306,297
Stock issuance and award, shares		690,000
Warrant exercise
Warrant exercise, shares
Deferred tax effect
Foreign currency translation	(9,631,753)				(9,631,753)
Net (loss) income	14,665,495			14,665,495
Balance at Dec. 31, 2015	238,925,568	$ 46,965	212,564,334	31,055,919	(4,741,650)
Balance, shares at Dec. 31, 2015		46,964,855
Stock issuance and award	15,347,878	$ 735	15,347,143
Stock issuance and award, shares		734,783
Warrant exercise
Warrant exercise, shares
Deferred tax effect
Foreign currency translation	(15,415,223)				(15,415,223)
Net (loss) income	(6,510,757)			(6,510,756)
Balance at Dec. 31, 2016	232,347,467	$ 47,700	227,911,477	24,545,163	(20,156,873)
Balance, shares at Dec. 31, 2016		47,699,638
Stock issuance and award	5,144,208	$ 337	5,143,871
Stock issuance and award, shares		336,900
Warrant exercise
Warrant exercise, shares
Deferred tax effect
Foreign currency translation	13,846,110				13,846,110
Net (loss) income	(28,347,474)			(28,347,473)
Balance at Dec. 31, 2017	$ 222,990,312	$ 48,037	$ 233,055,348	$ (3,802,310)	$ (6,310,763)
Balance, shares at Dec. 31, 2017		48,036,538

XML 25 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
Consolidated Statements of Cash Flow - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (28,347,474)	$ (6,510,757)	$ 14,665,495
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	4,777,992	4,863,277	5,788,780
Assets Impairments	170,506	(40,142)	194,366
Allowance for doubtful accounts	128,972
Deferred taxes	(5,448,015)	3,651,362	1,446,345
Change in fair value of financial instruments		(3,823,590)	(8,519,295)
Share of loss after tax of JV Company	11,555,302	7,307,510	(11,841,855)
Reserve for fixed assets	451,503
Stock Compensation cost	5,191,307	14,913,212	22,306,987
(Increase) Decrease In:
Accounts receivable	(5,821,522)	(40,962,889)	(16,240,270)
Notes receivable		1,383,605	1,708,223
Notes receivable from JV Company and related party	8,068,968
Inventories	(3,311,357)	4,952,792	(3,497,460)
Other receivables and other assets	(1,243,552)	(43,650,395)	(193,954)
Due from employee	10,127	41,529	(7,596)
Advances to supplier and Prepayments and prepaid expenses	23,107,334	(9,209,955)	6,664,779
Advances to suppliers-Long term	(5,941,692)
Amount due from JV Company	(53,622,842)	(111,996,250)	(127,667,063)
Amount due from JV Company-Long term	(15,907,183)
Due from related party	10,622,123	28,715,113	(42,249,905)
Increase (Decrease) In:
Accounts payable	66,784,385	112,150,789	164,704,112
Other payables and accrued liabilities	1,914,293	(3,790,859)	5,300,095
Notes payable	(13,297,993)	(8,480,858)	(15,398,471)
Customer deposits	155,100	(48,312)	(2,496,382)
Income Tax payable	1,221,012	1,008,274	(1,039,187)
Deferred income	(4,431,765)
Net cash used in operating activities	(3,214,471)	(49,526,543)	(6,372,256)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment, net	(760,253)	(275,801)	(827,059)
(Purchases)/Disposal of land use rights and other intangible assets	(416,361)	(3,388)	1,589,165
(Purchases)/Disposal of construction in progress	(702,719)	(6,001,664)	1,128,443
Issuance of notes receivable			(9,411,720)
Repayment of notes receivable		10,335,807	6,410,154
Long Term Investment			(1,522,411)
Short Term Investment	4,587,971	(3,088,327)	(1,679,051)
Net cash provided by (used in) investing activities	2,708,638	966,627	(4,312,479)
CASH FLOWS FROM FINANCING ACTIVITIES:
Restricted cash	2,516,481	2,257,268	(4,006,346)
Proceeds from short-term bank loans	32,263,794	65,912,237	50,640,214
Repayments of short-term bank loans	(35,667,772)	(35,815,325)	(47,595,391)
Proceeds from notes payable	22,270,028	12,038,765
Repayment of notes payable	(28,680,591)
Warrant exercise		434,666
Net cash (used in) provided by financing activities	(7,298,060)	44,827,611	(961,523)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(7,803,893)	(3,732,305)	(11,646,257)
Effect of exchange rate changes on cash	459,780	(770,333)	2,005,356
Cash and cash equivalents at beginning of year	12,235,921	16,738,559	26,379,460
CASH AND CASH EQUIVALENTS AT END OF PERIOD	4,891,808	12,235,921	16,738,559
SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid	1,448,523	2,598,846	2,496,654
Interest paid	1,625,240	1,671,372	2,188,223
SUPPLEMENTAL NON-CASH DISCLOSURES:
Construction in progress transferred back to prepayments		35,035,762
Advances to suppliers-long term transferred to Construction in progress	18,848,586
Purchase of construction in progress by accounts payable	3,756,605	4,191,246
Advances to suppliers-long term adjusted for other payable	1,065,100
Settlement of due from JV Company and related parties with notes receivable	53,565,297	43,707,157	99,147,703
Settlement of accounts receivables with notes receivable from unrelated parties	5,868,902	15,052,339	23,292,896
Assignment of notes receivable from unrelated parties to supplier to settle accounts payable	5,868,902	14,509,390	22,748,033
Assignment of notes receivable from JV Company and related parties to supplier to settle accounts payable	44,812,574	44,846,561	96,359,704
Settlement of accounts payable with notes payables	31,533,939	8,146,783	13,781,830
Deferred tax change to other comprehensive income	$ 78,967

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Organization and Principal Activities	12 Months Ended
Organization and Principal Activities	Dec. 31, 2017
Organization and Principal Activities [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. Kandi Technologies changed its name from Stone Mountain Resources, Inc. to Kandi Technologies, Corp. on August 13, 2007, and on December 21, 2012, Kandi Technologies changed its name to Kandi Technologies Group, Inc. As used herein, the term the “Company” means Kandi Technologies and its operating subsidiaries, as described below. Headquartered in Jinhua City, Zhejiang Province, People’s Republic of China, the Company is one of the People’s Republic of China’s (“China”) leading producers and manufacturers of electric vehicle (“EV”) products, EV parts, and off-road vehicles for sale in China and global markets. The Company conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), and the partially and wholly-owned subsidiaries of Kandi Vehicles. The Company’s organizational chart as of March 8, 2018 is as follows: Operating Subsidiaries: Pursuant to agreements executed in January 2011, Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests (100% of profits and losses) of JinhuaKandi New Energy Vehicles Co., Ltd. (“Kandi New Energy”). Kandi New Energy currently holds battery pack production licensing rights and supplies battery packs to the JV Company (as such term is defined below). In April 2012, pursuant to a share exchange agreement, the Company acquired 100% of YongkangScrou Electric Co, Ltd. (“YongkangScrou”), a manufacturer of automobile and EV parts. YongkangScrou currently manufactures and sells EV drive motors, EV controllers, air conditioners and other electric products to the JV Company. In March 2013, pursuant to a joint venture agreement (the “JV Agreement”) entered into by Kandi Vehicles and Shanghai Maple Guorun Automobile Co., Ltd. (“Shanghai Guorun”), a 99%-owned subsidiary of Geely Automobile Holdings Ltd. (“Geely”), the parties established Zhejiang Kandi Electric Vehicles Co., Ltd. (the “JV Company”) to develop, manufacture and sell EV products and related auto parts. Each of Kandi Vehicles and Shanghai Guorun has 50% ownership interest in the JV Company. In March 2014, the JV Company changed its name to Kandi Electric Vehicles Group Co., Ltd. At present, the JV Company is a holding company and all products are manufactured by its subsidiaries. In an effort to improve the JV Company’s development, Zhejiang Geely Holding Group, the parent company of Geely, became the JV Company’s -shareholder on October 26, 2016, through its purchase of the 50% equity of the JV Company held by Shanghai Guorun at a premium price (a price exceeding the cash amount of the aggregate of the original investment and the shared profits over the years). On May 19, 2017, due to business development, Geely Holding entrusted Hu Xiaoming, Chairman of the Board of the JV Company, to hold 19% equity of the JV Company from its 50% holding of the JV Company on behalf of Geely Holding as a nominal holder. On the same day, Geely Holding transferred its remaining 31% equity in the JV Company to Geely Group (Ningbo) Ltd., a company wholly owned by Li Shufu, Chairman of the Board of Geely Holding. On May 25, 2017, Mr. Hu pledged his 19% equity in the JV Company held on behalf of Geely Holding to Geely Holding. On June 30, 2017, due to the JV Company’s operational needs, Kandi Vehicles pledged its 50% equity in the JV Company to Geely Holding as counter-guarantee, because Geely Holding provides a 100% guarantee on the JV Company’s borrowings. Notwithstanding the pledge, guarantee and counter-guarantee arrangements stated above, there has been no change in control with respect to the 50% ownership held by each shareholder of the JV Company. In order to streamline the equity structure, on October 24, 2017, Mr. Hu transferred the 19% equity of the JV Company to Geely Group (Ningbo) Ltd. Now, Kandi Vehicles and Geely Group (Ningbo) Ltd. each owns 50% of equity of the JV Company. In March 2013, Kandi Vehicles formed Kandi Electric Vehicles (Changxing) Co., Ltd. (“Kandi Changxing”) in the Changxing (National) Economic and Technological Development Zone. Kandi Changxing is engaged in the production of EV products. In the fourth quarter of 2013, Kandi Vehicles entered into an ownership transfer agreement with the JV Company pursuant to which Kandi Vehicles transferred 100% of its ownership in Kandi Changxing to the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Changxing. In July 2013, Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. (the “Service Company”) was formed. The Service Company is engaged in various pure EV leasing businesses, generally referred to as the Micro Public Transportation (“MPT”) program. The Company, through Kandi Vehicle, has a 9.5% ownership interest in the Service Company. In November 2013, Kandi Electric Vehicles Jinhua Co., Ltd. (“Kandi Jinhua”) was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jinhua, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua. In November 2013, Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd. (“JiHeKang”) was formed by the JV Company. JiHeKang is engaged in the car sales business. The JV Company has a 100% ownership interest in JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang. In December 2013, the JV Company entered into an ownership transfer agreement with Shanghai Guorun, pursuant to which the JV Company acquired a 100% ownership interest in Kandi Electric Vehicles (Shanghai) Co., Ltd. (“Kandi Shanghai”). As a result, Kandi Shanghai is a wholly-owned subsidiary of the JV Company, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Shanghai. In January 2014, Kandi Electric Vehicles Jiangsu Co., Ltd. (“Kandi Jiangsu”) was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jiangsu, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jiangsu. Kandi Jiangsu is mainly engaged in EV research and development, manufacturing, and sales. In November 2015, Hangzhou Puma Investment Management Co., Ltd. (“Puma Investment”) was formed by the JV Company. Puma Investment provides investment and consulting services. The JV Company has a 50% ownership interest in Puma Investment (the other 50% is owned by Zuozhongyou Electric Vehicles Service (Hangzhou) Co., Ltd., a subsidiary of the Service Company), and the Company, indirectly through the JV Company, has a 25% economic interest in Puma Investment. In addition, Kandi Vehicle has a 9.5% ownership interest in Zuozhongyou Electric Vehicles Service (Hangzhou) Co., Ltd. The Company, indirectly through its 100% ownership interest in Kandi Vehicle, also has a 4.75% economic interest in Puma Investment. Therefore, the Company has a total of 29.75% of economic interest in Puma Investment. In November 2015, Hangzhou JiHeKang Electric Vehicle Service Co., Ltd. (the “JiHeKang Service Company”) was formed by the JV Company. The JiHeKang Service Company focuses on after-market services for EV products. The JV Company has a 100% ownership interest in the JiHeKang Service Company, and the Company, indirectly through the JV Company, has a 50% economic interest in the JiHeKang Service Company. In December 2015, Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd. Tianjin Branch (“JiHeKang Tianjin”) was formed by JiHeKang. JiHeKang Tianjin is engaged in the car sales business. Since JiHeKang Tianjin is 100% owned by the JV Company, the JV Company has a 100% ownership interest in JiHeKang Tianjin, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang Tianjin. In January 2016, Kandi Electric Vehicles (Wanning) Co., Ltd. was renamed Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”). Kandi Hainan was originally formed in Wanning City in Hainan Province by Kandi Vehicles and Kandi New Energy in April 2013, and was transferred to Haikou City in January 2016. Kandi Vehicles has a 90% ownership interest in Kandi Hainan, and Kandi New Energy has the remaining 10% ownership interest. In fact, Kandi Vehicles is, effectively, entitled to 100% of the economic benefits, voting rights and residual interests (100% of the profits and losses) of Kandi Hainan as Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy. In August 2016, Jiangsu JiDian Electric Vehicle Sales Co., Ltd. (“Jiangsu JiDian”) was formed by JiHeKang. Jiangsu JiDian is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Jiangsu JiDian, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Jiangsu JiDian. In October 2016, JiHeKang acquired Tianjin BoHaiWan Vehicle Sales Co., Ltd. (“Tianjin BoHaiWan”), which is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Tianjin BoHaiWan, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Tianjin BoHaiWan. In November 2016, Changxing Kandi Vehicle Maintenance Co., Ltd. (“Changxing Maintenance”) was formed by Kandi Changxing. Changxing Maintenance is engaged in the car repair and maintenance business. In December 2017, the Service Company entered an agreement with the JV Company to acquire 100% of Changxing Maintenance for RMB 1,089,887 or approximately $167,501. As of December 31, 2017, the transaction had not been closed. Since Kandi Changxing is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Changxing Maintenance, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance. In November 2016, Guangdong JiHeKang Electric Vehicle Sales Co., Ltd. (“Guangdong JiHeKang”) was formed by JiHeKang. Guangdong JiHeKang is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Guangdong JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Guangdong JiHeKang. In March 2017, Hangzhou Liuchuang Electric Vehicle Technology Co., Ltd. (“Liuchuang”) was formed by Kandi Jiangsu. Since Kandi Jiangsu is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Liuchuang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Liuchuang. In April 2017, in order to promote business development, Kandi Jinhua, JiHeKang, and the JiHeKang Service Company were reorganized to become subsidiaries of Kandi Jiangsu. As the JV Company has a 100% ownership interest in Kandi Jiangsu, the JV Company has 100% ownership interests in Kandi Jinhua, JiHeKang, and the JiHeKang Service Company, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua, JiHeKang, and the JiHeKang Service Company. The Company’s primary business operations are designing, developing, manufacturing and commercializing EV products, EV parts and off-road vehicles. As part of its strategic objective of becoming a leading manufacturer of EV products (through the JV Company) and related services, the Company has increased its focus on pure EV-related products, with a particular emphasis on expanding its market share in China.

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Liquidity	12 Months Ended
Liquidity	Dec. 31, 2017
Liquidity [Abstract]
LIQUIDITY	NOTE 2 - LIQUIDITY The Company had a working capital surplus of $53,707,902 as of December 31, 2017, a decrease of $32,640,123 from a working capital surplus of $86,348,025 as of December 31, 2016. As of December 31, 2017, the Company had credit lines available from commercial banks of $33,042,864. Although the Company expects that most of the Company’s outstanding trade receivables from its customers will be collected in the next twelve months, there are uncertainties about the timing in collecting these receivables, especially the receivables due from the JV Company, because most of them are indirectly impacted by the timely receipt of government subsidies. Since the amount due from the JV Company accounts for the majority of the Company’s outstanding receivables, and since the Company cannot control the timing of the receipt of government subsidies, the Company believes that its internally-generated cash flows may not be sufficient to support the growth of future operations and to repay short-term bank loans for the next twelve months. However, the Company believes its access to existing financing sources and its good credit will enable it to meet its obligations and fund its ongoing operations for the next 12 months. The Company expects to approximately maintain the current debt level for the next twelve months given the Company’s current financial position and business development needs. The Company’s primary need for liquidity is to fund working capital requirements of the Company’s businesses, capital expenditures and for general operational purposes, including debt repayment. The Company has incurred losses and experienced negative operating cash flows for the past years, and accordingly, the Company has taken a number of actions to continue to support its operations and meet its obligations. The Company has historically financed its operations through short-term commercial bank loans from Chinese banks. The term of these loans is typically for one year, and upon the payment of all outstanding principal and interest on a particular loan, the banks have typically rolled over the loan for an additional one-year term, with adjustments made to the interest rate to reflect prevailing market rates. This practice has been ongoing year after year and the Company believes that short-term bank loans will remain available on normal trade terms if needed. As the misunderstanding surrounding the exchange battery model of the JV Company has been gradually cleared up and the financial institutions’ confidence to Kandi has been restored, the relevant Chinese banks are expected to further increase the credit to the company. During the second half of 2017, the Company gradually resumed normal production and turned losses in the first six months in 2017 to profits generated in the second six months in 2017. During the fourth quarter of 2017, the Company continued its revenue growth momentum since the third quarter of this year and was profitable in the fourth quarter of 2017. In 2018, the management will take measures to grow the business and further improve the Company’s liquidity. The Company acknowledges that the Company continues to face a challenging competitive environment and expect that the actions taken will enhance the Company’s liquidity and financial flexibility to support the Company’s operation needs. We finance our ongoing operating activities by using funds from our operations and external credit or financing arrangements. We routinely monitor current and expected operational requirements and financial market conditions to evaluate the use of available financing sources. Considering our existing working capital position and our ability to access debt funding sources, we believe that our operations and borrowing resources are sufficient to provide for our current and foreseeable capital requirements to support our ongoing operations for the next twelve months.

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Basis of Presentation	12 Months Ended
Basis of Presentation	Dec. 31, 2017
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 3 - BASIS OF PRESENTATION The Company maintains its general ledger and journals using the accrual method of accounting for financial reporting purposes. The Company’s financial statements and notes are the representations of the Company’s management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States and have been consistently applied in the Company’s presentation of its financial statements.

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Principles of Consolidation

12 Months Ended

Dec. 31, 2017

Principles of Consolidation [Abstract]

PRINCIPLES OF CONSOLIDATION

NOTE 4 – PRINCIPLES OF CONSOLIDATION

The consolidated financial statements reflect the accounts of the Company and its ownership interest in the following subsidiaries:

(1)	Continental Development Limited (“Continental”), a wholly-owned subsidiary of the Company incorporated under the laws of Hong Kong;

(2)	Kandi Vehicles, a wholly-owned subsidiary of Continental;

(3)	Kandi New Energy, a 50%-owned subsidiary of Kandi Vehicles (Mr. Hu Xiaoming owns the other 50%). Pursuant to agreements executed in January 2011, Mr. Hu Xiaoming contracted with Kandi Vehicles for the operation and management of Kandi New Energy and put his shares of Kandi New Energy into escrow. As a result, Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy;

(4)	YongkangScrou, a wholly-owned subsidiary of Kandi Vehicles; and

(5)	Kandi Hainan, a subsidiary, 10% owned by Kandi New Energy and 90% owned by Kandi Vehicles.

Equity Method Investees

The Company’s consolidated net income also includes the Company’s proportionate share of the net income or loss of its equity method investees as follows:

(1) The JV Company, a 50% owned subsidiary of Kandi Vehicles;

(2) Kandi Changxing, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Changxing;

(3) Kandi Jinhua, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua;

(4) JiHeKang, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang;

(5) Kandi Shanghai, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Shanghai;

(6) Kandi Jiangsu, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jiangsu;

(7) The JiHeKang Service Company, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in the JiHeKang Service Company.

(8) Tianjin BoHaiWan, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Tianjin BoHaiWan;

(9) Changxing Maintenance, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance;

(10) Liuchuang, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Liuchuang.

(11) Jiangsu Jidian, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Jiangsu Jidian.

(12) JiHeKang Tianjin, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang Tianjin.

(13) Guangdong JiHeKang, a wholly-owned subsidiary of the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Guangdong JiHeKang.

All intra-entity profits and losses with regards to the Company’s equity method investees have been eliminated.

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Use of Estimates	12 Months Ended
Use of Estimates	Dec. 31, 2017
Use of Estimates [Abstract]
USE OF ESTIMATES	NOTE 5 – USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results when ultimately realized could differ from those estimates.

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 6 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Economic and Political Risks

The Company’s operations are conducted in China. As a result, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in China, and by the general state of the Chinese economy. In addition, the Company’s earnings are subject to movements in foreign currency exchange rates when transactions are denominated in Renminbi (“RMB”), which is the Company’s functional currency. Accordingly, the Company’s operating results are affected by changes in the exchange rate between the U.S. dollar and the RMB.

The Company’s operations in China are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s performance may be adversely affected by changes in the political and social conditions in China, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.

(b) Fair Value of Financial Instruments

ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1—defined as observable inputs such as quoted prices in active markets;

Level 2—defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3—defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The Company’s financial instruments primarily consist of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, other receivables, accounts payable, other payables and accrued liabilities, short-term bank loans, notes payable, and warrants.

The carrying value of cash and cash equivalents, restricted cash, accounts receivable, notes receivable, other receivables, accounts payable, other payables and accrued liabilities, and notes payable approximate fair value because of the short-term nature of these items. The estimated fair values of short-term bank loans were not materially different from their carrying value as presented due to the brief maturities and because the interest rates on these borrowings approximate those that would have been available for loans of similar remaining maturities and risk profiles. As the carrying amounts are reasonable estimates of fair value, these financial instruments are classified within Level 1 of the fair value hierarchy. The Company identified notes payable as Level 2 instruments due to the fact that the inputs to valuation are primarily based upon readily observable pricing information. The balance of notes payable, which was measured and disclosed at fair value, was $28,075,945 and $14,797,325 at December 31, 2017 and December 31, 2016, respectively.

Warrants, which are accounted for as liabilities, are treated as derivative instruments, and are measured at each reporting date for their fair value using Level 3 inputs. The fair value of warrants was $0 at December 31, 2017 and December 31, 2016, respectively. Also see Note 6(t).

The Company considers highly-liquid investments purchased with original maturities of three months or less to be cash equivalents.

Restricted cash, as of December 31, 2017, and December 31, 2016, includes time deposits on account for earning interest income. As of December 31, 2017, and December 31, 2016, the Company’s restricted cash was $11,218,688 and $12,957,377.

(d) Inventories

Inventories are stated at the lower of cost or net realizable value (market value). The cost of raw materials is determined on the basis of weighted average. The cost of finished goods is determined on the basis of weighted average and comprises direct materials, direct labor and an appropriate proportion of overhead.

Net realizable value is based on estimated selling prices less selling expenses and any further costs expected to be incurred for completion. Adjustments to reduce the cost of inventory to net realizable value are made, if required, for estimated excess, obsolescence, or impaired balances.

(e) Accounts Receivable and Due from the JV Company and Related Parties

Accounts receivable are recognized and carried at net realizable value. An allowance for doubtful accounts is recorded for periods in which the Company determines a loss is probable, based on its assessment of specific factors, such as troubled collections, historical experience, accounts aging, ongoing business relations and other factors. Accounts are written off after exhaustive collection efforts. If accounts receivable are to be provided for, or written off, they are recognized in the consolidated statement of operations within the operating expenses line item.

As of December 31, 2017 and December 31, 2016, credit terms with the Company’s customers were typically 180 to 360 days after delivery. In 2016, the Company extended credit terms with certain customers, mainly the JV Company whose outstanding balance has already exceeded the originally granted credit terms to a much longer period because of delayed subsidy payments for EVs sold by the JV Company from the Chinese government. Because of the industry-wide subsidy review, the Chinese government temporarily delayed issuance of subsidy payments for the EVs sold in 2015 and 2016, which negatively impacted the JV Company’s cash flow position and caused its delay in repaying the Company. According to the government’s subsidy policies, the EVs sold in 2015 and 2016 by the JV Company are eligible for receiving subsidies and the Chinese government has a good record of paying subsidies. As of December 31, 2017, and December 31, 2016, the Company had a $133,930 and $0 allowance for doubtful accounts, as per the Company management’s judgment based on their best knowledge. The Company conducts quarterly assessments of the state of the Company’s outstanding receivables and reserves any allowance for doubtful accounts if it becomes necessary. As of December 31, 2017, based on the Company management’s collection experience, approximately $15.9 million of amount due from the JV Company in the current assets was reclassified to amount due from the JV Company in the long-term assets due to the reason mentioned above.

(f) Notes Receivable

Notes receivable represent short-term loans to third parties with maximum terms of six months. Interest income is recognized according to each agreement between a borrower and the Company on an accrual basis. For notes receivable with banks, the interest rates are determined by banks. For notes receivable with other parties, the interest rates are based on agreements between the parties. If notes receivable are paid back, that transaction will be recognized in the relevant year. If notes receivable are not paid back, or are written off, that transaction will be recognized in the relevant year if default is probable, reasonably assured, and the loss can be reasonably estimated. The Company will recognize income if the written-off loan is recovered at a future date. In case of any foreclosure proceedings or legal actions, the Company provides an accrual for the related foreclosure and litigation expenses. The Company also receives notes receivable from the JV Company and other parties to settle accounts receivable. If the Company decides to discount notes receivable for the purpose of receiving immediate cash, the current discount rate is approximately in the range of 4.80% to 5.00% annually. As of December 31, 2017 and December 31, 2016, the Company had notes receivable from the JV Company and other related parties of $1,137,289 and $400,239, respectively, which notes receivable typically mature within six months.

(g) Advances to Suppliers

Advances to suppliers represent cash paid in advance to suppliers, and include advances to raw material suppliers, mold manufacturers, and equipment suppliers.

As of December 31, 2017, the Company had made a total advance payments of RMB744 million (approximately $114 million) to Nanjing Shangtong Auto Technologies Co., Ltd. (“Nanjing Shangtong”) as an advance to purchase a production line and develop a new EV model for Kandi Hainan. Nanjing Shangtong is a total solutions contractor for Kandi Hainan and provides all the equipment and EV product design and research services used by Kandi Hainan. After such advances were transferred to construction in progress and expensed for R&D purposes, the Company had $14,796,504 left in Advance to Suppliers in current assets and $ 12,336,973 left in Advance to Suppliers in long-term assets related to the purchases from Nanjing Shangtong as of December 31, 2017.

Advances for raw material purchases are typically settled within two months of the Company’s receipt of the raw materials. Prepayment is offset against the purchase price after the equipment or materials are delivered.

(h) Property, Plants and Equipment

Property, Plants and equipment are carried at cost less accumulated depreciation. Depreciation is calculated over the asset’s estimated useful life, using the straight-line method. Leasehold improvements are amortized over the life of the asset or the term of the lease, whichever is shorter. Estimated useful lives are as follows:

Buildings		30 years
Machinery and equipment		10 years
Office equipment		5 years
Motor vehicles		5 years
Molds		5 years

The costs and related accumulated depreciation of assets sold or otherwise retired are eliminated from the Company’s accounts and any gain or loss is included in the statements of income. The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized.

(i) Construction in Progress

Construction in progress (“CIP”) represents the direct costs of construction, and the acquisition costs of buildings or machinery. Capitalization of these costs ceases, and construction in progress is transferred to plants and equipment, when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for until the assets are completed and ready for their intended use. $2,181,512 of interest expenses have been capitalized for CIP as of December 31, 2017.

(j) Land Use Rights

Land in China is owned by the government and land ownership rights cannot be sold to an individual or to a private company. However, the Chinese government grants the user a “land use right” to use the land. The land use rights granted to the Company are amortized using the straight-line method over a term of fifty years.

(k) Accounting for the Impairment of Long-Lived Assets

The Company periodically evaluates the carrying value of long-lived assets to be held and used, including intangible assets subject to amortization, when events and circumstances warrant such a review, pursuant to the guidelines established in Statement of Financial Accounting Standards (“SFAS”) No. 144 (now known as “ASC 360”). The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for disposal costs.

The Company recognized no impairment loss during the reporting period.

(l) Revenue Recognition

Revenue represents the invoiced value of goods sold. Revenue is recognized when the Company ships the goods to its customers and all of the following criteria are met:

	●	Persuasive evidence of an arrangement exists;

	●	Delivery has occurred or services have been rendered;

	●	The seller’s price to the buyer is fixed or determinable; and

	●	Collectability is reasonably assured.

The Company recognized revenue when the products and the risks they carry are transferred to the other party.

(m) Research and Development

Expenditures relating to the development of new products and processes, including improvements to existing products, are expensed as incurred. Research and development expenses were $27,628,085, $26,504,650 and $3,482,511 for the years ended December 31, 2017, 2016 and 2015, respectively.

(n) Government Grants

Grants and subsidies received from the Chinese government are recognized when the proceeds are received or collectible and related milestones have been reached and all contingencies have been resolved.

For the years ended December 31, 2017, 2016 and 2015, $5,913,554, $25,913,540 and $1,645,032, respectively, were received by the Company’s subsidiaries from the Chinese government.

(o) Income Taxes

The Company accounts for income tax using an asset and liability approach, which allows for the recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The accounting for deferred tax calculation represents the Company management’s best estimate of the most likely future tax consequences of events that have been recognized in our financial statements or tax returns and related future anticipation. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization will be uncertain.

(p) Foreign Currency Translation

The accompanying consolidated financial statements are presented in United States dollars. The functional currency of the Company is the Renminbi (RMB). Capital accounts of the consolidated financial statements are translated into United States dollars from RMB at their historical exchange rates when the capital transactions occurred.

Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rate of the reporting period, which rates are obtained from the website: http:// www.ofx.com

	December 31,		December 31,		December 31,
	2017		2016		2015
Period end RMB : USD exchange rate		6.5067		6.94585		6.49270
Average RMB : USD exchange rate		6.7568		6.64520		6.24010

(q) Comprehensive Income

Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements. Comprehensive income includes net income and the foreign currency translation changes.

(r) Segments

In accordance with ASC 280-10, Segment Reporting, the Company’s chief operating decision makers rely upon the consolidated results of operations when making decisions about allocating resources and assessing the performance of the Company. As a result of the assessment made by the Company’s chief operating decision makers, the Company has only one operating segment. The Company does not distinguish between markets or segments for the purpose of internal reporting.

(s) Stock Option Expenses

The Company’s stock option expenses are recorded in accordance with ASC 718 and ASC 505.

The fair value of stock options is estimated using the Black-Scholes-Merton model. The Company’s expected volatility assumption is based on the historical volatility of the Company’s common stock. The expected life assumption is primarily based on the expiration date of the option. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

The recognition of stock option expenses is based on awards expected to vest. ASC standards require forfeitures to be estimated at the time of grant and revised in subsequent periods, if necessary, if actual forfeitures differ from those estimates.

The stock-based option expenses for the years ended December 31, 2017, 2016 and 2015 were $3,763,282, $14,867,987 and $14,255,887, respectively. See Note 19. There were no forfeitures estimated during the reporting period.

(t) Goodwill

The Company allocates goodwill from business combinations to reporting units based on the expectation that the reporting unit is to benefit from the business combination. The Company evaluates its reporting units on an annual basis and, if necessary, reassigns goodwill using a relative fair value allocation approach. Goodwill is tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit.

Application of the goodwill impairment test requires judgments, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and the determination of the fair value of each reporting unit. The Company first assesses qualitative factors to determine whether it is more likely than not that goodwill is impaired. If the more likely than not threshold is met, the Company performs a quantitative impairment test.

As of December 31, 2017 and December 31, 2016, the Company determined that its goodwill was not impaired.

(u) Intangible Assets

Intangible assets consist of trade names and customer relations associated with the purchase price from the allocation of YongkangScrou. Such assets are being amortized over their estimated useful lives of 9.7 years. Intangible assets were amortized as of December 31, 2017. The amortization expenses for intangible assets were $82,095 and $82,095 for the years ended December 31, 2017 and 2016, respectively.

(v) Accounting for Sale of Common Stock and Warrants

Gross proceeds are first allocated according to the initial fair value of the freestanding derivative instruments (i.e. the warrants issued to the Company’s investors in its previous offerings, or the “Investor Warrants”). The remaining proceeds are allocated to common stock. The related issuance expenses, including the placement agent cash fees, legal fees, the initial fair value of the warrants issued to the placement agent and others were allocated between the common stock and the Investor Warrants based on how the proceeds are allocated to these instruments. Expenses related to the issuance of common stock were charged to paid-in capital. Expenses related to the issuance of derivative instruments were expensed upon issuance.

(w) Consolidation of variable interest entities

In accordance with accounting standards regarding consolidation of variable interest entities, or VIEs, VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes.

The Company has concluded, based on the contractual arrangements, that Kandi New Energy is a VIE and that the Company’s wholly-owned subsidiary, Kandi Vehicles, absorbs a majority of the risk of loss from the activities of this company, thereby enabling the Company, through Kandi Vehicles, to receive a majority of its respective expected residual returns.

Additionally, because Kandi New Energy is under common control with other entities, the consolidated financial statements have been prepared as if the transactions had occurred retroactively as to the beginning of the reporting period of these consolidated financial statements.

Control and common control are defined under the accounting standards as “an individual, enterprise, or immediate family members who hold more than 50 percent of the voting ownership interest of each entity.” Because the owners collectively own 100% of Kandi New Energy, and have agreed to vote their interests in concert since the establishment of each of these three companies as memorialized the Voting Rights Proxy Agreement, the Company believes that the owners collectively have control and common control of Kandi New Energy. Accordingly, the Company believes that Kandi New Energy was constructively held under common control by Kandi Vehicles as of the time the contractual agreements were entered into, establishing Kandi Vehicles as their primary beneficiary. Kandi Vehicles, in turn, is owned by Continental, which is owned by the Company.

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New Accounting Pronouncements	12 Months Ended
New Accounting Pronouncements	Dec. 31, 2017
New Accounting Pronouncements [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NOTE 7 – NEW ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements that the Company has adopted or may be required to adopt in the future are summarized below: In August 2014, the FASB issued an accounting standards update which requires management to assess whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. If substantial doubt exists, additional disclosures are required. This update was effective for the Company’s annual period ended January 28, 2017. The Company’s assessment of our ability to continue as a going concern is further discussed in Note 2 - Liquidity. The adoption of the new standard did not have a material impact on the Company’s consolidated financial position, results of operations, cash flows or disclosures. In May 2014, the FASB issued an accounting standards update which replaces the current revenue recognition standards. Subsequently, the FASB has also issued accounting standards updates which clarify the guidance. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This standard was initially released as effective for fiscal years beginning after December 15, 2016, however, the FASB has decided to defer the effective date of this accounting standard update for one year. Early adoption of the update is permitted, but not before the original date for fiscal years beginning after December 15, 2016. The update may be applied retrospectively for each period presented or as a cumulative-effect adjustment at the date of adoption. The Company does not expect the adoption of the new standard will have a material impact on the Company’s consolidated financial position, results of operations, cash flows or disclosures.

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Concentrations

12 Months Ended

Dec. 31, 2017

Concentrations [Abstract]

CONCENTRATIONS

NOTE 8 – CONCENTRATIONS

(a) Customers

The Company’s major customers, who accounted for more than 10% of the Company’s consolidated revenue, were as follows:

	Sales									Trade Receivable
	Year ended			Year ended			Year ended
	Ended			Ended			Ended
	December 31,			December 31,			December 31,			December 31,			December 31			December 31
Major Customers	2017			2016			2015			2017			2016			2015
Kandi Electric Vehicles Group Co., Ltd.		89	%		59	%		34	%		71	%		53	%		55	%

Trade receivable includes accounts receivable, amount due from the JV Company net of loans to the JV Company, and amount due from other related parties.

(b) Suppliers

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
	Year			Year			Year
	Ended			Ended			Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
Major Suppliers	2017			2016			2015			2017			2016			2015
Dongguan Chuangming Battery Technology Co., Ltd.		26	%		42	%		26	%		19	%		22	%		15	%
Zhejiang Tianneng Energy Technology Co., Ltd.		25	%		23	%		20	%		11	%		15	%		24	%
Jinhua An Kao Power Technology Co., Ltd.		12	%		-			-			3	%		-			-

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Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 9 –EARNINGS PER SHARE

The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the reporting period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options, warrants and convertible notes (using the if-converted method). For the years ended December 31, 2017, 2016 and 2015, the number of potentially dilutive common shares were 0, 0 and 180,836, respectively. The potential dilutive common shares as of December 31, 2017, 2016 and 2015 were 4,233,334, 4,566,667 and 0, respectively.

The following table sets forth the computation of basic and diluted net income per common share:

	Year Ended December 31,
	2017			2016			2015
Net (loss) income	$	(28,347,474	)	$	(6,510,757	)	$	14,665,495
Weighted average shares used in basic computation		47,943,830			47,447,665			46,744,718
Dilutive shares		-			-			180,836
Weighted average shares used in diluted computation		47,943,830			47,447,665			46,925,554

Earnings per share:
Basic	$	(0.59	)	$	(0.14	)	$	0.31
Diluted	$	(0.59	)	$	(0.14	)	$	0.31

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Accounts Receivable

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

ACCOUNTS RECEIVABLE

NOTE 10 - ACCOUNTS RECEIVABLE

Accounts receivable are summarized as follows:

	December 31,			December 31,
	2017			2016
Accounts receivable	$	34,531,788		$	32,394,613
Less: allowance for doubtful accounts		(133,930	)		-
Accounts receivable, net	$	34,397,858		$	32,394,613

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Inventories

12 Months Ended

Dec. 31, 2017

Inventories [Abstract]

INVENTORIES

NOTE 11 - INVENTORIES

Inventories are summarized as follows:

	December 31,			December 31,
	2017			2016
Raw material	$	7,256,498		$	2,529,149
Work-in-progress		2,831,678			1,786,087
Finished goods		6,512,537			8,014,671
Total inventories		16,600,713			12,329,907
Less: provision for slowing moving inventories		(620,919	)		(415,797	)
Inventories, net	$	15,979,794		$	11,914,110

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Notes Receivable

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

NOTES RECEIVABLE

NOTE 12 - NOTES RECEIVABLE

As of December 31, 2017 and 2016, there are no notes receivable from unrelated party.

Notes Receivable from JV Company and related party for the years ended December 31, 2017 and 2016 were summarized as follows:

	December 31,		December 31,
	2017		2016
Notes receivable as below:
Bank acceptance notes		1,137,289		400,239
Notes receivable	$	1,137,289	$	400,239

Details of Notes Receivable from JV Company and related party as of December 31, 2017 were as follows:

Index

Amount ($)

Counter party

Relationship

Nature

Manner of settlement

922,126

Kandi Electric Vehicles Group Co., Ltd.

Joint Venture of the Company

Payments for sales

Not due

153,688

Kandi Jiangsu

Subsidiary of the JV Company

Payments for sales

Not due

61,475

Kandi Changxing

Subsidiary of the JV Company

Payments for sales

Not due

Details of Notes Receivable from JV Company and related party as of December 31, 2016 were as follows:

Index

Amount ($)

Counter party

Relationship

Nature

Manner of settlement

400,239

Kandi Shanghai

Subsidiary of the JV Company

Payments for sales

Not due

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 13 –PROPERTY, PLANT AND EQUIPMENT

Plant and equipment for the years ended December 31, 2017 and 2016 consisted of the following:

	December 31,			December 31,
	2017			2016
At cost:
Buildings	$	13,853,340		$	12,977,465
Machinery and equipment		7,916,562			8,585,666
Office equipment		532,774			475,162
Motor vehicles		382,866			321,207
Moulds and others		28,659,714			26,463,472
		51,345,256			48,822,972
Less : Accumulated depreciation
Buildings	$	(4,683,040	)	$	(3,948,909	)
Machinery and equipment		(7,216,464	)		(8,107,884	)
Office equipment		(305,367	)		(216,226	)
Motor vehicles		(310,631	)		(274,197	)
Moulds and others		(26,306,306	)		(21,031,086	)
		(38,821,808	)		(33,578,302	)
Less: provision for impairment for fixed assets		(522,477	)		(50,228	)
Plant and equipment, net	$	12,000,971		$	15,194,442

As of December 31, 2017 and 2016, the net book value of plant and equipment pledged as collateral for the Company’s bank loans were $9,019,993 and $8,875,111, respectively.

Depreciation expenses for the years ended December 31, 2017, 2016 and 2015 were $4,371,561, $4,448,010 and $5,322,613, respectively.

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Land Use Rights

12 Months Ended

Dec. 31, 2017

Land Use Rights [Abstract]

LAND USE RIGHTS

NOTE 14 – LAND USE RIGHTS

The Company’s land use rights consist of the following:

	December 31,			December 31,
	2017			2016
Cost of land use rights	$	15,676,450		$	14,280,282
Less: Accumulated amortization		(3,010,403	)		(2,504,562	)
Land use rights, net	$	12,666,047		$	11,775,720

As of December 31, 2017 and 2016, the net book value of the land use rights pledged as collateral for the Company’s bank loans were $8,993,913 and $8,660,097 respectively. Also see Note 16.

The amortization expense for the years ended December 31, 2017, 2016 and 2015 were $324,336, $333,171 and $384,072, respectively.

Amortization expense for the next five years and thereafter is as follows:

2018	$	324,336
2019		324,336
2020		324,336
2021		324,336
2022		324,336
Thereafter		11,044,367
Total	$	12,666,047

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Construction-in-Progress

12 Months Ended

Dec. 31, 2017

Construction-in-Progress [Abstract]

CONSTRUCTION-IN-PROGRESS

NOTE 15 - CONSTRUCTION -IN-PROGRESS

Hainan Facility

In April 2013, the Company signed an agreement with the Wanning city government in Hainan Province to invest a total of RMB 1 billion to establish a factory in Wanning to manufacture 100,000 EVs annually. Also in 2013, the Company contracted with an unrelated third-party supplier, Nanjing Shangtong, to purchase a production line in connection with the manufacturing facility and to help develop a new EV model. In January 2016, the Hainan Province government implemented a development plan to centralize manufacturing in certain designated industry parks. As a result, the Wanning facility was relocated from Wanning city to the Haikou city high-tech zone. Based on our agreement with the government, all the expenses and lost assets resulting from the relocation were compensated for by the local government. As a result of the relocation, the contracts to build the manufacturing facility had to be revised in terms of total contract amount, technical requirements, completion milestones and others for the new construction site in Haikou. Currently, the Hainan facility is progressing well and the first batch of products will be off the assembly line on March 28, 2018. The Company plans to send the qualified prototype model to the National Testing Center for inspection in the near future. Once the prototype passes the inspection, the Company will put the products on the market.

No depreciation is provided for CIP until such time as the facility is completed and placed into operation.

The contractual obligation under CIP of the Company as of December 31, 2017 is as follows:

	Total in CIP as of				Total
	December 31,		Estimate to		contract
Project	2017		complete		amount

Kandi Hainan facility	$	53,083,925	$	33,229,905	$	86,313,830

Total	$	53,083,925	$	33,229,905	$	86,313,830

As of December 31, 2017 and 2016, the Company had CIP amounting to $53,083,925 and $27,054,181, respectively.

$2,181,512, $0 and $0 of interest expense has been capitalized for CIP for the years ended December 31, 2017, 2016 and 2015, respectively.

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Short -Term and Long-Term Bank Loans

12 Months Ended

Dec. 31, 2017

Short -Term and Long-Term Bank Loans / Notes payable [Abstract]

SHORT -TERM AND LONG-TERM BANK LOANS

NOTE 16 – SHORT -TERM AND LONG-TERM BANK LOANS

Short-term loans are summarized as follows:

	December 31,		December 31,
	2017		2016
Loans from China Ever-bright Bank
Interest rate 4.698% per annum, paid off on April 20, 2017, secured by the assets of the Company, guaranteed by Mr. Hu Xiaoming and his wife. Also see Note 13 and Note 14.	$	-	$	11,229,727
Interest rate 5.22% per annum, due on April 25, 2018, secured by the assets of Kandi Vehicle, guaranteed by Mr. Hu Xiaoming and his wife, also guaranteed by company’s subsidiaries. Also see Note 13 and Note 14.		10,758,141		-
Loans from Hangzhou Bank
Interest rate 4.35% per annum, paid off on October 16, 2017, secured by the assets of the Company. Also see Note 13 and Note 14.		-		7,025,778
Interest rate 4.79% per annum, due on October 16,2018, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		7,499,962		-
Interest rate 4.35% per annum, paid off July 3, 2017, secured by the assets of the Company. Also see Note 13 and Note 14.		-		10,394,696
Interest rate 4.79% per annum, due on July 4, 2018, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		11,096,255
Interest rate 4.35% per annum, paid off on March 23, 2017, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		-		5,614,864
Interest rate 4.35% per annum, due March 26, 2018, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		3,688,506		-
	$	33,042,864	$	34,265,065

Long-term loan is summarized as follows:

	December 31,		December 31,
	2017		2016
Loans from Haikou Rural Credit Cooperative
Interest rate 7% per annum, due on December 12, 2021, guaranteed by Kandi Vehicle and Kandi New Energy.	$	30,737,547	$	28,794,172
	$	30,737,547	$	28,794,172

The interest expense of the short-term and long-term bank loans for the years ended December 31, 2017, 2016 and 2015 were $2,280,286, $1,831,667 and $2,176,092, respectively.

As of December 31, 2017, the aggregate amount of short-term loans that was guaranteed by various third parties was $0.

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Notes Payable

12 Months Ended

Dec. 31, 2017

Short -Term and Long-Term Bank Loans / Notes payable [Abstract]

NOTES PAYABLE

NOTE 17 – NOTES PAYABLE

By issuing bank notes payable rather than paying cash to suppliers, the Company can defer payments until the bank notes payable are due. Depending on bank requirements, the Company may need to deposit restricted cash in banks to back up the bank notes payable, while the restricted cash deposited in the banks will generate interest income.

A bank acceptance note is a promised future payment, or time draft, which is accepted and guaranteed by a bank and drawn on a deposit at the bank. The banker’s acceptance specifies the amount of the funds, the date, and the person to which the payment is due.

After acceptance, the draft becomes an unconditional liability of the bank, but the holder of the draft can sell (exchange) it for cash at a discount to a buyer who is willing to wait until the maturity date for the funds in the deposit. $11,218,688 and $3,279,656 were held as collateral for the notes payable as of December 31, 2017, and December 31, 2016, respectively.

As is common business practice in the PRC, the Company issues notes payable to its suppliers as settlement for accounts payable.

The Company’s notes payable also include the borrowing from the third party.

Notes payable for December 31, 2017 and 2016 were summarized as follows:

	December 31,		December 31,
	2017		2016
Bank acceptance notes:
Due March 22, 2017	$	-	$	400,239
Due March 29, 2017		-		1,439,709
Due June 21, 2017		-		1,439,709
Due January 4, 2018		4,987,167		-
Due April 19, 2018		230,532		-
Due May 6, 2018		1,168,027		-
Due June 18, 2018		2,305,316		-
Due June 21, 2018		376,019		-
Due June 25, 2018		153,688		-
Due June 27, 2018		76,844		-
Due June 29, 2018		2,382,160		-
Commercial acceptance notes:
Due March 26, 2018		10,758,140		-
Other Notes Payable:
Due May 6, 2017		-		11,517,668
Due May 6, 2019		5,638,052		-
Total	$	28,075,945	$	14,797,325

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Taxes

12 Months Ended

Dec. 31, 2017

Taxes [Abstract]

TAXES

NOTE 18 – TAXES

(a) Corporation Income Tax

Pursuant to the tax laws and regulations of the PRC, the Company’s applicable corporate income tax (“CIT”) rate is 25%. However, Kandi Vehicles qualifies as a High and New Technology Enterprise (“HNTE”) company in the PRC, and is entitled to pay a reduced income tax rate of 15% for the years presented. An entity may re-apply for an HNTE certificate when the prior certificate expires. Historically, Kandi Vehicles has successfully re-applied for such certificates when the its prior certificates expired. The applicable CIT rate of each of the Company’s three other subsidiaries, Kandi New Energy, YongkangScrou and Kandi Hainan, the JV Company and its subsidiaries, and the Service Company is 25%.

After combining research and development tax credits of 25% on certain qualified research and development expenses, the Company’s final effective tax rate for December 31, 2017,2016 and 2015 was 10.32%, -11.69% and 29.47%, respectively. The effective tax rates for each of the periods mentioned above are disclosed in the summary table of income tax expenses for December 31, 2017, 2016 and 2015.

Effective January 1, 2007, the Company adopted the guidance in ASC 740 related to uncertain tax positions. The guidance addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.

Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2017, the Company did not have any liability for unrecognized tax benefits. The Company files income tax returns with the U.S. Internal Revenue Services (“IRS”) and those states where the Company has operations. The Company is subject to U.S. federal or state income tax examinations by the IRS and relevant state tax authorities for years after 2006. During the periods open to examination, the Company has net operating loss carry forwards (“NOLs”) for U.S. federal and state tax purposes that have attributes from closed periods. Since these NOLs may be utilized in future periods, they remain subject to examination. The Company also files certain tax returns in the PRC. As of December 31, 2017, the Company was not aware of any pending income tax examinations by U.S. or PRC tax authorities. The Company records interest and penalties on uncertain tax provisions as income tax expense. As of December 31, 2017, the Company has no accrued interest or penalties related to uncertain tax positions. The Company has not recorded a provision for U.S. federal income tax for year ended December 31, 2017, due to a net operating loss in 2016 and an accumulated net operating loss carry forward from prior years in the United States.

As of December 31, 2017 and December 31, 2016, we had unrecognized tax benefits of $12.2 million and $0, respectively, for various federal, foreign, and state income tax matters. Unrecognized tax benefits increased by $12.2 million. After considering valuation allowance, none of the unrecognized tax benefits, if recognized, would affect our effective tax as of December 31, 2017 and December 31, 2016. These unrecognized tax benefits are presented on the accompanying consolidated balance sheets net of the tax effects of net operating loss carry forwards, which are offset by valuation allowance.

Our unrecognized tax benefit activity for fiscal 2017, 2016 and 2015 was as follows:

	2017		2016		2015
Beginning balances	$	-	$	-	$	-
Increases related to tax positions taken during a prior year		11,376,521		-		-
Decreases related to tax positions taken during a prior year		-		-		-
Increases related to tax positions taken during the current year		790,289		-		-
Ending balances	$	12,166,810	$	-	$	-

Income tax expenses for the year ended December 31, 2017, 2016 and 2015 are summarized as follows:

	For the Year Ended December 31,
	2017			2016		2015
Current:
Provision for CIT	$	2,184,985		$	601,212	$	4,656,311
Provision for Federal Income Tax		-			-		-
Deferred:
Provision for CIT		(5,448,015	)		80,334		1,470,917
Income tax (benefit) expense	$	(3,263,030	)	$	681,546	$	6,127,228

The reconciliation of taxes at the PRC statutory rate (25% in 2017 and 2016) to our provision for income taxes for the years ended December 31, 2017 and 2016 was as follows:

	For Year Ended
	December 31,
	2017			2016
Expected taxation at PRC statutory tax rate	$	(7,902,626	)	$	(1,457,303	)
Effect of differing tax rates in different jurisdictions		242,375			(1,403,077	)
Non-taxable income		-			-
Non-deductible expenses (1)		1,735,581			1,103,158
Research and development super-deduction		(105,186	)		(43,826	)
Under-accrued EIT for previous years		267,574			(2,727,454	)
Effect of PRC preferential tax rates		1,277,678			-
Addition to valuation allowance		1,271,728			5,301,677
Other		(50,154	)		(91,629	)
Income tax (benefit) expense	$	(3,263,030	)	$	681,546
Effective tax rate		10.32	%		-11.69	%

(1)	It’s mainly due to share of (loss) in JV Company and its subsidiaries.

The tax effects of temporary differences that give rise to the Company’s net deferred tax assets and liabilities as of December 31, 2017 and December 31, 2016 are summarized as follows:

	December 31,			December 31,
	2017			2016
Deferred tax assets:
Expense (2)		192,046			72,742
Depreciation		182,961			230,156
Loss carried forward		6,581,726			27,218,934
less: valuation allowance		(1,019,373	)		(26,820,811	)
Total deferred tax assets, net of valuation allowance		5,937,360			701,021
Deferred tax liabilities:
Expense (3)		1,553,935			1,698,303
Total deferred tax liability		1,553,935			1,698,303
Net deferred tax assets (liabilities)	$	4,383,425		$	(997,282	)

(2)	It’s provision for impairment inventory, fixed assets.

(3)	It’s due to the difference of tax basis and GAAP basis of other long-term assets.

As of December 31, 2017, the aggregate NOLs incurred in 2013 through 2017 of $4.85 million deriving from entities in the U.S. will expire in varying amount between 2018 and 2022. The aggregate NOLs in 2016 through 2017 of $22.75 million deriving from entities in the PRC will expire in varying amount between 2021 and 2022. As of December 31, 2016, the aggregate NOLs incurred in 2012 through 2016 of $78.88 million deriving from entities in the U.S. will expire in varying amount between 2017 and 2021. The aggregate NOLs incurred in 2016 of $2.12 million deriving from entities in the PRC will expire in 2021. The cumulative net loss in the PRC and U.S. can be carried forward for five years, to offset future net profits for income tax purposes. The cumulative net loss in Hong Kong can be carried forward without an expiration date.

Operating loss carry forward for tax purpose resulted in a deferred tax asset of $6.58million at December 31,2017. Tax benefit of operating loss available to offset future tax liabilities are $5.56 million. Tax benefit of operating loss is evaluated on an ongoing basis including a review of historical and projected future operating results, the eligible carry forward period, and available tax planning strategies.

Income (loss) before income taxes from PRC and non-PRC sources for the year ended December 31, 2017, 2016 and 2015 are summarized as follows:

	For Year Ended
	December 31,
	2017			2016
Income(loss) before income taxes consists of:
PRC	$	(25,471,997	)	$	6,023,694
Non-PRC		(6,138,507	)		(11,852,905	)
Total	$	(31,610,504	)	$	(5,829,211	)

Net change in the valuation allowance of deferred tax assets are summarized as follows:

Net change of valuation allowance of Deferred tax assets
Balance at December 31,2016			26,820,811
Additions-change to tax expense			1,271,728
Deduction-expired of loss carried forward④			14,573,835
Deduction-changed of UTP			12,166,810
Deduction-changed of tax rate			332,521
Balance at December 31,2017			1,019,373

(4)	It’s due to the loss carried forward deduction-expired of Kandi Technologies of 2012.

(b) Tax Holiday Effect

For the year ended December 31, 2017, 2016 and 2015, the PRC CIT rate was 25%. Certain subsidiaries of the Company are entitled to tax exemptions (tax holidays) for the year ended December 31, 2017, 2016 and 2015.

The combined effects of income tax expense exemptions and reductions available to the Company for the year ended December 31, 2017, 2016 and 2015 are as follows:

	Year Ended
	December 31,
	2017		2016		2015
Tax benefit (holiday) credit	$	105,186	$	36,522	$	912,548
Basic net income per share effect	$	0.000	$	0.001	$	0.020

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code that will affect our fiscal year ended 12/31/2017 and going-forwarding, including, but not limited to, (1) reducing the U.S. federal corporate tax rate effective January 1, 2018, (2) requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years.

The SEC staff issued Staff Accounting Bulletin (“SAB”) No. 118, which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act.

For various reasons that are discussed more fully below, we have not fully completed our accounting for the income tax effects of certain elements of the Tax Act. If we were able to make reasonable estimates of the effects of elements for which our analysis is not yet complete, we recorded provisional adjustments. If we were not yet able to make reasonable estimates of the impact of certain elements, we have not recorded any adjustments related to those elements and have continued accounting for them in accordance with ASC 740 on the basis of the tax laws in effect before the Tax Act.

Our accounting for the following elements of the Tax Act is incomplete. However, we were able to make reasonable estimates of certain effects and, therefore, recorded provisional adjustments as follows:

Reduction of U.S. Federal Corporate Tax Rate: The Tax Act reduces the corporate tax rate to 21.0%, effective January 1, 2018. For certain deferred tax assets and deferred tax liabilities, we have recorded a provisional decrease of $0.3 million, respectively, with a corresponding net adjustment to valuation allowance of $0.3 million for the year ended December 31, 2017. While we are able to make a reasonable estimate of the impact of the reduction in corporate rate, it may be affected by other analyses related to the Tax Act, including, but not limited to, our calculation of deemed repatriation of deferred foreign income and the state tax effect of adjustments made to federal temporary differences.

Deemed Repatriation Transition Tax: The Deemed Repatriation Transition Tax (“Transition Tax”) is a tax on previously untaxed accumulated and current earnings and profits (“E&P”) of certain foreign subsidiaries. To determine the amount of the Transition Tax, we must determine, in addition to other factors, the amount of post-1986 E&P of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. Due to the timing of the enactment and the complexity involved in applying the provisions of the Act, we could not made reasonable estimates of the effects and did not record provisional amounts in our financial statements as of December 31, 2017. However, we are continuing to gather information to precisely compute the amount of the Transition Tax.

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Stock Options and Warrants

12 Months Ended

Dec. 31, 2017

Stock Options and Warrants [Abstract]

STOCK OPTIONS AND WARRANTS

NOTE 19 - STOCK OPTIONS AND WARRANTS

(a) Stock Options

On May 29, 2015, the Compensation Committee of the Board of Directors of the Company approved the grant of stock options to purchase 4,900,000 shares of the Company’s common stock, at an exercise price of $9.72 per share, to the Company’s directors, officers and senior employees. The stock options will vest ratably over three years and expire on the tenth anniversary of the grant date. The Company valued the stock options at $39,990,540 and will amortize the stock compensation expense using the straight-line method over the service period from May 29, 2015, through May 29, 2018. The value of the stock options was estimated using the Black Scholes Model with an expected volatility of 90%, an expected life of 10 years, a risk-free interest rate of 2.23% and an expected dividend yield of 0.00%. There was $3,763,282 in stock compensation expenses associated with stock options booked for the year ended December 31, 2017.

The following is a summary of the stock option activities of the Company:

				Weighted
				Average
	Number of			Exercise
	Shares			Price
Outstanding as of January 1, 2016		4,900,000		$	9.72
Granted		-			-
Exercised		-			-
Cancelled		-			-
Forfeited		(333,333	)		9.72
Outstanding as of January 1, 2017		4,566,667			9.72
Granted		-			-
Exercised		-			-
Cancelled		-			-
Forfeited		(333,333	)		9.72
Outstanding as of December 31, 2017		4,233,334		$	9.72

The fair value of each of the options to purchase 4,900,000 shares of common stock issued to the employees and directors on May 29, 2015 is $8.1613 per share.

(b) Warrants

As of December 31, 2017 and December 31, 2016, all outstanding warrants had been exercised and the derivative liability relating to the warrants issued to the investors and a placement agent was $0.

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Stock Award	12 Months Ended
Stock Award	Dec. 31, 2017
Stock Award [Abstract]
STOCK AWARD	NOTE 20 – STOCK AWARD In connection with the appointment of Mr. Henry Yu as a member of the Board of Directors (the “Board”), and as compensation, the Board authorized the Company to provide Mr. Henry Yu with 5,000 shares of Company’s restricted common stock every six months, beginning in July 2011. As compensation having Mr. Jerry Lewin’s services as a member of the Board, the Board authorized the Company to provide Mr. Jerry Lewin with 5,000 shares of Company’s restricted common stock every six months, beginning in August 2011. As compensation having Ms. Kewa Luo’s services as the Company’s investor relation officer, the Board authorized the Company to provide Ms. Kewa Luo with 5,000 shares of Company’s common stock every six months, beginning in September 2013. In November 2016, the Company entered into a three-year employment agreement with Mr. Mei Bing, who is now the Company’s Chief Financial Officer. Under the agreement, Mr. Mei Bing is entitled to receive an aggregate 10,000 shares of common stock each year, vested in four equal quarterly installments of 2,500 shares. The fair value of stock awards based on service is determined based on the closing price of the common stock on the date the shares are approved by the Board for grant. The compensation costs for awards of common stock are recognized over the requisite service period of three or six months. On December 30, 2013, the Board approved a proposal (as submitted by the Compensation Committee) of an award (the “Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan”) for certain executives and other key employees, comprising a total of 335,000 shares of common stock for each fiscal year, beginning with the 2013 fiscal year, under the Company’s 2008 Omnibus Long-Term Incentive Plan (the “2008 Plan”), if the Company’s “Non-GAAP Net Income” for the current fiscal year increased by 10% comparing to that of the prior year. The specific number of shares of common stock to be issued in respect of such award could proportionally increase or decrease if the actual Non-GAAP Net Income increase is more or less than 10%. “Non-GAAP Net Income” means the Company’s net income for a particular year calculated in accordance with GAAP, excluding option-related expenses, stock award expenses, and the effects caused by the change of fair value of financial derivatives. For example, if Non-GAAP Net Income for the 2014 fiscal year increased by 10% compared to the Non-GAAP Net Income for the 2013 fiscal year, the selected executives and other key employees each would be granted his or her target amount of common stock of the Company. If Non-GAAP Net Income in 2014 is less than Non-GAAP Net Income in 2013, then no common stock would be granted. If Non-GAAP Net Income in 2014 increased compared to Non-GAAP Net Income in 2013 but the increase is less than 10%, then the target amount of the common stock grant would be proportionately decreased. If Non-GAAP Net Income in 2014 increased compared to Non- GAAP Net Income in 2013 but the increase is more than 10%, then the target amount of the common stock grant would be proportionately increased up to 200% of the target amount based on the modification to 2013’s proposal in 2014. Any such increase in the grant would be subject to the total number of shares available under the 2008 Plan, and the Company’s Board and shareholders will need to approve any increase in the number of shares reserved under the 2008 Plan if all the shares originally reserved are granted. On May 20, 2015, the shareholders of the Company approved an increase of 9,000,000 shares under the 2008 Plan at its annual meeting. On September 26, 2016, the Board approved to terminate the previous Board’s Pre-Approved Award Grant Sub-Plan under the 2008 Plan and adopted a new plan to reduce the total number of shares of common stock of the stock award for selected executives and key employees from 335,000 shares of common stock to 250,000 shares of common stock for each fiscal year, with the other terms remaining the same. On February 13, 2017, the Board authorized the Company to grant 246,900 shares of common shares to certain management members as compensation for their past services under the 2008 Plan. The fair value of each award granted under the 2008 Plan is determined based on the closing price of the Company’s stock on the date of grant of such award. Stock-based compensation expenses are calculated based on grant date fair value and number of awards expected to be earned at the end of each quarter and recognized in the quarter. In subsequent periods, stock-based compensation expenses are adjusted based on grant date fair value and the change of number of awards expected to be earned. Final stock-based compensation expenses for the year are calculated based on grant date fair value and number of awards earned for the year and recognized at the end of year. For the year ended December 31, 2017, 2016 and 2015, the Company recognized $1,428,025, $91,700 and $8,123,333 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.

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Intangible Assets

12 Months Ended

Dec. 31, 2017

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 21– INTANGIBLE ASSETS

The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill:

	Remaining	December 31,			December 31,
	useful life	2017			2016
Gross carrying amount:
Trade name	4 years	$	492,235		$	492,235
Customer relations	4 years		304,086			304,086
			796,321			796,321
Less : Accumulated amortization
Trade name		$	(287,561	)	$	(236,815	)
Customer relations			(177,644	)		(146,295	)
			(465,205	)		(383,110	)
Intangible assets, net		$	331,116		$	413,211

The aggregate amortization expenses for those intangible assets that continue to be amortized is reflected in amortization of intangible assets in the consolidated statements of income, and comprehensive income were $82,095, $82,095 and $82,095 for the year ended December 31, 2017, 2016 and 2015, respectively.

Amortization expenses for the next five years and thereafter are as follows:

2018	$	82,095
2019		82,095
2020		82,095
2021		82,095
2022		2,736
Thereafter		-
Total	$	331,116

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Summarized Information of Equity Method Investment in the JV Company

12 Months Ended

Dec. 31, 2017

Summarized Information of Equity Method Investments [Abstract]

SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE JV COMPANY

NOTE 22 – SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE JV COMPANY

The Company’s consolidated net income includes the Company’s proportionate share of the net income or loss of the Company’s equity method investees. When the Company records its proportionate share of net income in such investees, it increases equity income (loss) – net in the Company’s consolidated statements of income and the Company’s carrying value in that investment. Conversely, when the Company records its proportionate share of a net loss in such investees, it decreases equity income (loss) – net in the Company’s consolidated statements of income and the Company’s carrying value in that investment. All intra-entity profits and losses with the Company’s equity method investees have been eliminated.

As of December 31, 2017, the JV Company consolidated its interests in the following entities on its financial statements: (1) its 100% interest in Kandi Changxing; (2) its 100% interest in Kandi Jinhua; (3) its 100% interest in JiHeKang; (4) its 100% interest in Kandi Shanghai; (5) its 100% interest in Kandi Jiangsu; (6) its 100% interest in JiHeKang Service Company; (7) its 100% interest in Jiangsu JiDian; (8) its 100% interest in Tianjin BoHaiWan; (9) its 100% interest in Changxing Maintenance; (10) its 100% interest in Liuchuang; (11)its 100% interest in JiHeKang Tianjin; and(12) its 100% interest in Guangdong JiHeKang. The Company accounted for its investments in the JV Company under the equity method of accounting because the Company has a 50% ownership interest in the JV Company. As a result, the Company’s consolidated net income for the year ended December 31, 2017, 2016 and 2015, included equity income from the JV Company during such periods.

The combined results of operations and financial position of the JV Company are summarized below:

	Year ended December 31,
	2017			2016			2015
Condensed income statement information:
Net sales	$	192,748,328		$	179,328,669		$	362,715,996
Gross income		3,599,634			19,278,511			59,635,845
% of net sales		1.9	%		10.8	%		16.4	%
Net (loss) income		(22,699,965	)		(14,155,578	)		23,323,128
% of net sales		(11.8	)%		(7.9	)%		6.4	%
Company’s share in net (loss) income of JV based on 50% ownership	$	(11,349,983	)	$	(7,077,789	)	$	11,661,564

	December 31,		December 31,
	2017		2016
Condensed balance sheet information:
Current assets	$	696,683,086	$	514,958,008
Noncurrent assets		179,943,752		177,563,801
Total assets	$	876,626,838	$	692,521,809
Current liabilities		703,629,444		505,356,626
Noncurrent liabilities		30,737,547		31,817,560
Equity		142,259,847		155,347,623
Total liabilities and equity	$	876,626,838	$	692,521,809

For the years ended December 31,2017,2016 and 2015, the JV Company’s revenues were derived primarily from the sales of EV products and EV parts in China. During 2017, the JV Company sold a total of 11,437 units of EV products in the PRC as compared to a total of 10,148 units sold in 2016,an increase of 12.7%,of which the JV Company sold 7,416 units of Model K12, 3,939 units of Model K17 and 82 units of other models in 2017.Because the Company has a 50% ownership interest in the JV Company and accounted for its investments in the JV Company under the equity method of accounting, the Company did not consolidate the JV Company’s financial results, but rather included equity income from the JV Company during such periods.

Note: The following table illustrates the captions used in the Company’s Income Statements for its equity based investment in the JV Company.

The Company’s equity method investments in the JV Company as of December 31, 2017 and 2016 are as follows:

	December 31,			December 31,
	2017			2016
Investment in JV Company, beginning of the period,	$	77,453,014		$	90,337,899
Share of loss
Company’s share in net loss of JV based on 50% ownership		(11,349,982	)		(7,077,789	)
Intercompany transaction elimination		(432,295	)		(230,787	)
Year 2016 unrealized profit realized		226,975			1,066
Subtotal		(11,555,302	)		(7,307,510	)
Exchange difference		4,783,301			(5,577,375	)
Investment in JV Company, end of the period	$	70,681,013		$	77,453,014

Sales to the Company’s customers, the JV Company and its subsidiaries, for the year ended December 31, 2017 were $92,952,211 or 90.4% of the Company’s total revenue for the year, an increase of 19.6% of the sales to the JV Company from the previous year. Sales to the JV Company and its subsidiaries were primarily battery packs, body parts, EV drive motors, EV controllers, air conditioning units and other auto parts.

The breakdown of the sales to the JV Company and its subsidiaries as follows:

	Year ended December 31,
	2017		2016		2015
JV Company	$	91,500,960	$	76,331,493	$	67,729,570
Kandi Changxing		81,699		349,721		44,019,899
Kandi Shanghai		34,433		647,950		39,708,548
Kandi Jinhua		-		46,303		789,065
Kandi Jiangsu		1,335,119		332,926		-
Total sales to JV	$	92,952,211	$	77,708,394	$	152,247,081

As of December 31, 2017 and December 31, 2016, the current and noncurrent amount due from the JV Company and its subsidiaries, was $162,329,623 and $136,536,725, respectively, of which the majority were balances with the JV Company, Kandi Jinhua, Kandi Changxing, Kandi Jiangsu and Kandi Shanghai. The breakdown is as below:

	December 31,		December 31,
	2017		2016

Kandi Shanghai	$	2,354,195	$	281,657
Kandi Changxing		912,760		16,359,721
Kandi Jinhua		15,718		5,050,525
Kandi Jiangsu		1,506,199		352,587
JV Company		157,540,751		114,492,235
Consolidated JV	$	162,329,623	$	136,536,725

The current and noncurrent amounts due from the JV Company include seven short-term loans in the total amount of $60,706,656 that Kandi Vehicles lent to the JV Company. Each such loan carries an annual interest rate of 4.35%.

As of December 31, 2017 and December 31, 2016, the current and noncurrent amount due to the JV Company and its subsidiaries, was $0 and $566, respectively, of which the balances were with Kandi Changxing. The breakdown is as below:

	December 31,		December 31,
	2017		2016

Kandi Changxing	$	-	$	566
Consolidated JV	$	-	$	566

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Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 23 - COMMITMENTS AND CONTINGENCIES

Guarantees and pledged collateral for bank loans to other parties

As of December 31, 2017 and 2016, the Company provided guarantees for the following third parties:

(1)	Guarantees for bank loans

	December 31,		December 31,
Guarantee provided to	2017		2016
Zhejiang Shuguang industrial Co., Ltd.		-		4,175,155
Nanlong Group Co., Ltd.		-		2,879,417
Kandi Electric Vehicles Group Co., Ltd.		-		46,790,530
Total	$	-	$	53,845,102

On March 15, 2013, the Company entered into a guarantee contract to serve as the guarantor of Nanlong Group Co., Ltd. (“NGCL”) for NGCL’s loan in the amount of $3,073,755 from Shanghai Pudong Development Bank Jinhua Branch, with a related loan period of March 15, 2013, to March 15, 2016. NGCL is not related to the Company. Under this guarantee contract, the Company agreed to assume joint liability as the loan guarantor. In April 2017, Shanghai Pudong Development Bank filed a suit 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 demanding the guarantor to bear the liability for compensation. On May 27, 2017, a judicial mediation took place in Yongkang City and a mediation settlement reached in court, which the plaintiff agreed NGCL would repay the loan principal and interest plus legal expenses in installments, and the Company understands that Shanghai Pudong Development Bank has reached a settlement with NGCL. As of December 31, 2017, according to the enterprise credit report issued by the Credit Center of People’s Bank of China (PBOC) or the central bank of the People’s Republic of China, the Company’s guarantee for NGCL’s loan has been removed. The Company expects the likelihood of incurring losses in connection with this matter to be remote.

On September 29, 2015, the Company entered into a guarantee contract to serve as the guarantor of Zhejiang Shuguang Industrial Co., Ltd. (“ZSICL”) for a bank loan in the amount of $4,456,944 from Ping An Bank, with a related loan period of September 29, 2015, to September 28, 2016. ZSICL is not related to the Company. Under this guarantee contract, the Company agreed to perform all the obligations of ZSICL under the loan contract if ZSICL fails to perform its obligations as set forth therein. In August 2016, Ping An Bank Yiwu Branch (“Ping An Bank”) filed a suit against ZSICL, the Company, and three other parties in Zhejiang Province People’s Court in Yiwu City, alleging ZSICL defaulted on a bank loan borrowed from Pin An Bank for a principal amount of RMB 29 million or approximately $4.2 million (the “Principal”), for which the Company is a guarantor along with other three parties. On December 25, 2016, the court ruled that ZSICL should repay Ping An Bank the Principal and associated interest remaining on the bank loan within 10 days once the adjudication is effective; and the Company and other three parties, acted as guarantors, have joint liability for this bank loan. On July 31, 2017, the Company and Ping An Bank reached an agreement to settle. According to the agreement, the Company will pay Ping An Bank RMB 20 million or approximately $3.0 million in four installments before October 31, 2017 to release the Company from the guarantor liability for this default. As of December 31, 2017, the Company has made all four installments in the total of RMB 20 million or approximately $3.0 million to Ping An Bank and thus the Company has been released from the guarantor liability for this default. According to the Company’s agreement with ZSICL, ZSICL agreed to reimburse all the Company’s losses due to ZSICL’s default on the loan principal and interests, of which RMB 9.9 million has been reimbursed to the Company as of the date of this report and the remaining RMB 10.1 million will be reimbursed in installments within next three years. The Company expects the likelihood of incurring losses in connection with this matter to be low.

On December 14, 2015, the Company entered into a guarantee contract to serve as the guarantor for the JV Company for bank loans in the aggregate amount of $38,421,934from China Import & Export Bank with a related loan period of December 14, 2015, to December 13, 2016, which was extended to October 15, 2017. Under this guarantee contract, the Company agreed to perform all the obligations of the JV Company under the loan contract if the JV Company fails to perform its obligations as set forth therein. The loan was paid off on October 15, 2017.

On July 20, 2016, the Company entered into a guarantee contract to serve as the guarantor for the JV Company for bank loans in the aggregate amount of $11,526,580 from Bank of China, with a related loan period of July 20, 2016 to July 19, 2017. Under this guarantee contract, the Company agreed to perform all the obligations of the JV Company under the loan contract if the JV Company fails to perform its obligations as set forth therein. The loan was paid off on July 21, 2017.

All guarantee periods are two years from the date of expiration of the debt performance under the principal loan contracts.

(2) Pledged collateral for bank loans to other parties

As of December 31, 2017 and 2016, none of the Company’s land use rights or plant and equipment were pledged as collateral securing bank loans to third parties.

Litigation

Beginning in March 2017, putative shareholder class actions were filed against Kandi Technologies Group, Inc. 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 allege violations of the federal securities laws based Kandi’s disclosure in March 2017 that its financial statements for the years 2014, 2015 and the first three quarters of 2016 would need to be restated, and seek damages on behalf of putative classes of shareholders who purchased or acquired Kandi’s securities prior to March 13, 2017.All the remaining cases are in the New York federal court, and motions for the appointment of lead plaintiff and lead counsel are pending.

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. A motion for the appointment of lead plaintiff and lead counsel is pending.

In October 2017, a purported shareholder filed a books and records action against Kandi in Delaware state court seeking the production of certain documents generally relating to the same underlying events described above as well as attorney’s fees. The Company was served with Plaintiff’s Verified Complaint Pursuant to 8 Del. C. Section 220 to Compel Inspection of Books and Records (“Verified Complaint”) on October 4, 2017.On November 10, 2017, the Company filed its Answer to Plaintiff’s Verified Complaint and currently is waiting for trial.

We believe that although our financial statements for the years 2014, 2015 and the first three quarters of 2016 were restated, the restatements had no effect on net income. The claims referenced above are without merit, and we intend to defend against the lawsuits vigorously. We are unable to estimate the possible loss, if any, associated with this lawsuit. The ultimate outcome of any litigation is uncertain and the outcome of these matters, whether favorable or unfavorable, could have a negative impact on our financial condition or results of operations due to defense costs, diversion of management resources and other factors. Litigation can be costly, and adverse results in the cases could result in substantial monetary judgments. No assurance can be made that litigation will not have a material adverse effect on our future financial position.

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Segment Reporting

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 24 – SEGMENT REPORTING

The Company has one operating segment. The Company’s revenue and long-lived assets are primarily derived from and located in China. The Company does not have manufacturing operations outside of China.

The following table sets forth revenues by geographic area:

	Year Ended December 31,
	2017					2016					2015
	Sales Revenue		Percentage			Sales Revenue		Percentage			Sales Revenue		Percentage
Overseas	$	4,817,517		5	%	$	4,919,054		4	%	$	4,713,441		2	%
China		97,988,104		95	%		124,572,959		96	%		196,355,732		98	%
Total	$	102,805,621		100	%	$	129,492,013		100	%	$	201,069,173		100	%

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Related Party Transactions

12 Months Ended

Dec. 31, 2017

Related Party Transactions

NOTE 25 – Related Party Transactions

The Board must approve all related party transactions. All material related party transactions will be made or entered into on terms that are no less favorable to the Company than can be obtained from unaffiliated third parties.

The following table lists sales to related parties (other than the JV Company and its subsidiaries) for 2017, 2016 and 2015:

	Year Ended December 31,
	2017		2016		2015
Service Company		-		3,913,031		42,032,060
Total	$	-	$	3,913,031	$	42,032,060

The details for amount due from related parties (other than the JV Company and its subsidiaries) as of the December 31, 2017 and 2016 were as below:

	December 31,		December 31,
	2017		2016
Service Company		162,048		10,484,816
Total due from related party	$	162,048	$	10,484,816

The Company has a 9.5% ownership interest in the Service Company and Mr. Hu, Chairman and CEO of the Company, has a 13% ownership interest in the Service Company. The main transactions between the Company and the Service Company are purchases by the Service Company of batteries and EV parts.

For transactions with the JV Company and its subsidiaries, please refer to Note 22.

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Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	NOTE 26 – Subsequent Event On December 18, 2017, the Company announced that its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), and the sole shareholder (the “Transferor”)of Jinhua An Kao Power Technology Co., Ltd. (“Jinhua An Kao”) entered into a Share Transfer Agreement (the “Share Transfer Agreement”) and a Supplementary Agreement (the “Supplementary Agreement”), pursuant to which Kandi Vehicles acquired Jinhua An Kao. The two agreements were signed on December 12, 2017 and the closing took place on January 3, 2018. Kandi Vehicles acquired all the equity interests of Jinhua An Kao for a purchase price of approximately RMB 25.93 million (approximately $3.9 million) in cash. In addition, pursuant to the Supplementary Agreement by and between the two parties, the Company issued a total of 2,959,837 shares of restrictive stock (the “Shares”), or 6.2% of the Company’s total outstanding shares of the common stock to the Transferor. An additional 2,959,837 shares are placed as make good shares for the undertaking of Jinhua An Kao to achieve no less than a total of RMB120,000,000 (approximately $18.1 million) net income over the course of the following three years. The Supplementary Agreement sets forth the terms and conditions of the issuance of these shares.

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Economic and Political Risks

(a) Economic and Political Risks

Fair Value of Financial Instruments

(b) Fair Value of Financial Instruments

These tiers include:

Level 1—defined as observable inputs such as quoted prices in active markets;

Level 2—defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3—defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Cash and Cash Equivalents

The Company considers highly-liquid investments purchased with original maturities of three months or less to be cash equivalents.

Inventories

(d) Inventories

Accounts Receivable and Due from the JV Company and Related Parties

(e) Accounts Receivable and Due from the JV Company and Related Parties

Notes Receivable

(f) Notes Receivable

Advances to Suppliers

(g) Advances to Suppliers

Advances to suppliers represent cash paid in advance to suppliers, and include advances to raw material suppliers, mold manufacturers, and equipment suppliers.

Property, Plants and Equipment

(h) Property, Plants and Equipment

Buildings		30 years
Machinery and equipment		10 years
Office equipment		5 years
Motor vehicles		5 years
Molds		5 years

Construction in Progress

(i) Construction in Progress

Land Use Rights

(j) Land Use Rights

Accounting for the Impairment of Long-Lived Assets

(k) Accounting for the Impairment of Long-Lived Assets

The Company recognized no impairment loss during the reporting period.

Revenue Recognition

(l) Revenue Recognition

Revenue represents the invoiced value of goods sold. Revenue is recognized when the Company ships the goods to its customers and all of the following criteria are met:

	●	Persuasive evidence of an arrangement exists;

	●	Delivery has occurred or services have been rendered;

	●	The seller’s price to the buyer is fixed or determinable; and

	●	Collectability is reasonably assured.

The Company recognized revenue when the products and the risks they carry are transferred to the other party.

Research and Development

(m) Research and Development

Government Grants

(n) Government Grants

For the years ended December 31, 2017, 2016 and 2015, $5,913,554, $25,913,540 and $1,645,032, respectively, were received by the Company’s subsidiaries from the Chinese government.

Income Taxes

(o) Income Taxes

Foreign Currency Translation

(p) Foreign Currency Translation

	December 31,		December 31,		December 31,
	2017		2016		2015
Period end RMB : USD exchange rate		6.5067		6.94585		6.49270
Average RMB : USD exchange rate		6.7568		6.64520		6.24010

Comprehensive Income

(q) Comprehensive Income

Segments

(r) Segments

Stock Option Expenses

(s) Stock Option Expenses

The Company’s stock option expenses are recorded in accordance with ASC 718 and ASC 505.

Goodwill

(t) Goodwill

As of December 31, 2017 and December 31, 2016, the Company determined that its goodwill was not impaired.

Intangible Assets

(u) Intangible Assets

Accounting for Sale of Common Stock and Warrants

(v) Accounting for Sale of Common Stock and Warrants

Consolidation of variable interest entities

(w) Consolidation of variable interest entities

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Summary of estimated useful lives

Buildings		30 years
Machinery and equipment		10 years
Office equipment		5 years
Motor vehicles		5 years
Molds		5 years

Schedule of average foreign currency exchange rate

	December 31,		December 31,		December 31,
	2017		2016		2015
Period end RMB : USD exchange rate		6.5067		6.94585		6.49270
Average RMB : USD exchange rate		6.7568		6.64520		6.24010

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Concentrations (Tables)

12 Months Ended

Dec. 31, 2017

Customers [Member]

Concentration Risk [Line Items]

Schedule of concentration percentage

	Sales									Trade Receivable
	Year ended			Year ended			Year ended
	Ended			Ended			Ended
	December 31,			December 31,			December 31,			December 31,			December 31			December 31
Major Customers	2017			2016			2015			2017			2016			2015
Kandi Electric Vehicles Group Co., Ltd.		89	%		59	%		34	%		71	%		53	%		55	%

Suppliers [Member]

Concentration Risk [Line Items]

Schedule of concentration percentage

	Purchases									Accounts Payable
	Year			Year			Year
	Ended			Ended			Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
Major Suppliers	2017			2016			2015			2017			2016			2015
Dongguan Chuangming Battery Technology Co., Ltd.		26	%		42	%		26	%		19	%		22	%		15	%
Zhejiang Tianneng Energy Technology Co., Ltd.		25	%		23	%		20	%		11	%		15	%		24	%
Jinhua An Kao Power Technology Co., Ltd.		12	%		-			-			3	%		-			-

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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Schedule of earnings per share

	Year Ended December 31,
	2017			2016			2015
Net (loss) income	$	(28,347,474	)	$	(6,510,757	)	$	14,665,495
Weighted average shares used in basic computation		47,943,830			47,447,665			46,744,718
Dilutive shares		-			-			180,836
Weighted average shares used in diluted computation		47,943,830			47,447,665			46,925,554

Earnings per share:
Basic	$	(0.59	)	$	(0.14	)	$	0.31
Diluted	$	(0.59	)	$	(0.14	)	$	0.31

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Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Schedule of accounts receivable

	December 31,			December 31,
	2017			2016
Accounts receivable	$	34,531,788		$	32,394,613
Less: allowance for doubtful accounts		(133,930	)		-
Accounts receivable, net	$	34,397,858		$	32,394,613

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Inventories (Tables)

12 Months Ended

Dec. 31, 2017

Inventories [Abstract]

Summary of inventories

	December 31,			December 31,
	2017			2016
Raw material	$	7,256,498		$	2,529,149
Work-in-progress		2,831,678			1,786,087
Finished goods		6,512,537			8,014,671
Total inventories		16,600,713			12,329,907
Less: provision for slowing moving inventories		(620,919	)		(415,797	)
Inventories, net	$	15,979,794		$	11,914,110

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Notes Receivable (Tables)

12 Months Ended

Dec. 31, 2017

Accounts Receivable/Notes Receivable [Abstract]

Schedule of notes receivable

	December 31,		December 31,
	2017		2016
Notes receivable as below:
Bank acceptance notes		1,137,289		400,239
Notes receivable	$	1,137,289	$	400,239

Schedule of details of notes receivable

Details of Notes Receivable from JV Company and related party as of December 31, 2017 were as follows:

Index

Amount ($)

Counter party

Relationship

Nature

Manner of settlement

922,126

Kandi Electric Vehicles Group Co., Ltd.

Joint Venture of the Company

Payments for sales

Not due

153,688

Kandi Jiangsu

Subsidiary of the JV Company

Payments for sales

Not due

61,475

Kandi Changxing

Subsidiary of the JV Company

Payments for sales

Not due

Details of Notes Receivable from JV Company and related party as of December 31, 2016 were as follows:

Index

Amount ($)

Counter party

Relationship

Nature

Manner of settlement

400,239

Kandi Shanghai

Subsidiary of the JV Company

Payments for sales

Not due

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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

	December 31,			December 31,
	2017			2016
At cost:
Buildings	$	13,853,340		$	12,977,465
Machinery and equipment		7,916,562			8,585,666
Office equipment		532,774			475,162
Motor vehicles		382,866			321,207
Moulds and others		28,659,714			26,463,472
		51,345,256			48,822,972
Less : Accumulated depreciation
Buildings	$	(4,683,040	)	$	(3,948,909	)
Machinery and equipment		(7,216,464	)		(8,107,884	)
Office equipment		(305,367	)	(216,226	)
Motor vehicles		(310,631	)		(274,197	)
Moulds and others		(26,306,306	)		(21,031,086	)
		(38,821,808	)		(33,578,302	)
Less: provision for impairment for fixed assets		(522,477	)		(50,228	)
Plant and equipment, net	$	12,000,971		$	15,194,442

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Land Use Rights (Tables)

12 Months Ended

Dec. 31, 2017

Land Use Rights [Abstract]

Schedule of land use rights

	December 31,			December 31,
	2017			2016
Cost of land use rights	$	15,676,450		$	14,280,282
Less: Accumulated amortization		(3,010,403	)		(2,504,562	)
Land use rights, net	$	12,666,047		$	11,775,720

Schedule of amortization expense

2018	$	324,336
2019		324,336
2020		324,336
2021		324,336
2022		324,336
Thereafter		11,044,367
Total	$	12,666,047

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Construction-in-Progress (Tables)

12 Months Ended

Dec. 31, 2017

Construction-in-Progress [Abstract]

Schedule of contractual obligations under CIP

	Total in CIP as of				Total
	December 31,		Estimate to		contract
Project	2017		complete		amount

Kandi Hainan facility	$	53,083,925	$	33,229,905	$	86,313,830

Total	$	53,083,925	$	33,229,905	$	86,313,830

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Short -Term and Long-Term Bank Loans (Tables)

12 Months Ended

Dec. 31, 2017

Short -Term and Long-Term Bank Loans / Notes payable [Abstract]

Schedule of short-term debt

	December 31,		December 31,
	2017		2016
Loans from China Ever-bright Bank
Interest rate 4.698% per annum, paid off on April 20, 2017, secured by the assets of the Company, guaranteed by Mr. Hu Xiaoming and his wife. Also see Note 13 and Note 14.	$	-	$	11,229,727
Interest rate 5.22% per annum, due on April 25, 2018, secured by the assets of Kandi Vehicle, guaranteed by Mr. Hu Xiaoming and his wife, also guaranteed by company’s subsidiaries. Also see Note 13 and Note 14.		10,758,141		-
Loans from Hangzhou Bank
Interest rate 4.35% per annum, paid off on October 16, 2017, secured by the assets of the Company. Also see Note 13 and Note 14.		-		7,025,778
Interest rate 4.79% per annum, due on October 16,2018, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		7,499,962		-
Interest rate 4.35% per annum, paid off July 3, 2017, secured by the assets of the Company. Also see Note 13 and Note 14.		-		10,394,696
Interest rate 4.79% per annum, due on July 4, 2018, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		11,096,255
Interest rate 4.35% per annum, paid off on March 23, 2017, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		-		5,614,864
Interest rate 4.35% per annum, due March 26, 2018, secured by the assets of Kandi Vehicle. Also see Note 13 and Note 14.		3,688,506		-
	$	33,042,864	$	34,265,065

Schedule of long-term debt

	December 31,		December 31,
	2017		2016
Loans from Haikou Rural Credit Cooperative
Interest rate 7% per annum, due on December 12, 2021, guaranteed by Kandi Vehicle and Kandi New Energy.	$	30,737,547	$	28,794,172
	$	30,737,547	$	28,794,172

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Notes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Summary of notes payable

	December 31,		December 31,
	2017		2016
Bank acceptance notes:
Due March 22, 2017	$	-	$	400,239
Due March 29, 2017		-		1,439,709
Due June 21, 2017		-		1,439,709
Due January 4, 2018		4,987,167		-
Due April 19, 2018		230,532		-
Due May 6, 2018		1,168,027		-
Due June 18, 2018		2,305,316		-
Due June 21, 2018		376,019		-
Due June 25, 2018		153,688		-
Due June 27, 2018		76,844		-
Due June 29, 2018		2,382,160		-
Commercial acceptance notes:
Due March 26, 2018		10,758,140		-
Other Notes Payable:
Due May 6, 2017		-		11,517,668
Due May 6, 2019		5,638,052		-
Total	$	28,075,945	$	14,797,325

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Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Taxes [Abstract]

Schedule of unrecognized tax benefit activity

	2017		2016		2015
Beginning balances	$	-	$	-	$	-
Increases related to tax positions taken during a prior year		11,376,521		-		-
Decreases related to tax positions taken during a prior year		-		-		-
Increases related to tax positions taken during the current year		790,289		-		-
Ending balances	$	12,166,810	$	-	$	-

Summary of income tax expenses

	For the Year Ended December 31,
	2017			2016		2015
Current:
Provision for CIT	$	2,184,985		$	601,212	$	4,656,311
Provision for Federal Income Tax		-			-		-
Deferred:
Provision for CIT		(5,448,015	)		80,334		1,470,917
Income tax (benefit) expense	$	(3,263,030	)	$	681,546	$	6,127,228

Schedule of income tax expenses differ from ''expected'' tax expense

	For Year Ended
	December 31,
	2017			2016
Expected taxation at PRC statutory tax rate	$	(7,902,626	)	$	(1,457,303	)
Effect of differing tax rates in different jurisdictions		242,375			(1,403,077	)
Non-taxable income		-			-
Non-deductible expenses (1)		1,735,581			1,103,158
Research and development super-deduction		(105,186	)		(43,826	)
Under-accrued EIT for previous years		267,574			(2,727,454	)
Effect of PRC preferential tax rates		1,277,678			-
Addition to valuation allowance		1,271,728			5,301,677
Other		(50,154	)		(91,629	)
Income tax (benefit) expense	$	(3,263,030	)	$	681,546
Effective tax rate		10.32	%		-11.69	%

(1)	It’s mainly due to share of (loss) in JV Company and its subsidiaries.

Schedule of deferred tax assets and liabilities

	December 31,			December 31,
	2017			2016
Deferred tax assets:
Expense (2)		192,046			72,742
Depreciation		182,961			230,156
Loss carried forward		6,581,726			27,218,934
less: valuation allowance		(1,019,373	)		(26,820,811	)
Total deferred tax assets, net of valuation allowance		5,937,360			701,021
Deferred tax liabilities:
Expense (3)		1,553,935			1,698,303
Total deferred tax liability		1,553,935			1,698,303
Net deferred tax assets (liabilities)	$	4,383,425		$	(997,282	)

(2)	It’s provision for impairment inventory, fixed assets.

(3)	It’s due to the difference of tax basis and GAAP basis of other long-term assets.

Schedule of income (loss) before income taxes

	For Year Ended
	December 31,
	2017			2016
Income(loss) before income taxes consists of:
PRC	$	(25,471,997	)	$	6,023,694
Non-PRC		(6,138,507	)		(11,852,905	)
Total	$	(31,610,504	)	$	(5,829,211	)

Schedule of valuation allowance of deferred tax assets

Net change of valuation allowance of Deferred tax assets
Balance at December 31,2016			26,820,811
Additions-change to tax expense			1,271,728
Deduction-expired of loss carried forward④			14,573,835
Deduction-changed of UTP			12,166,810
Deduction-changed of tax rate			332,521
Balance at December 31,2017			1,019,373

(4)	It’s due to the loss carried forward deduction-expired of Kandi Technologies of 2012.

Schedule of income tax expense exemptions and reductions

	Year Ended
	December 31,
	2017		2016		2015
Tax benefit (holiday) credit	$	105,186	$	36,522	$	912,548
Basic net income per share effect	$	0.000	$	0.001	$	0.020

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Stock Options and Warrants (Tables)

12 Months Ended

Dec. 31, 2017

Stock Options and Warrants [Abstract]

Summary of stock option activities

				Weighted
				Average
	Number of			Exercise
	Shares			Price
Outstanding as of January 1, 2016		4,900,000		$	9.72
Granted		-			-
Exercised		-			-
Cancelled		-			-
Forfeited		(333,333	)		9.72
Outstanding as of January 1, 2017		4,566,667			9.72
Granted		-			-
Exercised		-			-
Cancelled		-			-
Forfeited		(333,333	)		9.72
Outstanding as of December 31, 2017		4,233,334		$	9.72

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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Intangible Assets [Abstract]

Schedule of gross carrying value and accumulated amortization for each major class of intangible assets other than goodwill

	Remaining	December 31,			December 31,
	useful life	2017			2016
Gross carrying amount:
Trade name	4 years	$	492,235		$	492,235
Customer relations	4 years		304,086			304,086
			796,321			796,321
Less : Accumulated amortization
Trade name		$	(287,561	)	$	(236,815	)
Customer relations			(177,644	)		(146,295	)
			(465,205	)		(383,110	)
Intangible assets, net		$	331,116		$	413,211

Schedule of amortization expenses

2018	$	82,095
2019		82,095
2020		82,095
2021		82,095
2022		2,736
Thereafter		-
Total	$	331,116

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

12 Months Ended

Dec. 31, 2017

Summarized Information of Equity Method Investments [Abstract]

Schedule of condensed income statement information

	Year ended December 31,
	2017			2016			2015
Condensed income statement information:
Net sales	$	192,748,328		$	179,328,669		$	362,715,996
Gross income		3,599,634			19,278,511			59,635,845
% of net sales		1.9	%		10.8	%		16.4	%
Net (loss) income		(22,699,965	)		(14,155,578	)		23,323,128
% of net sales		(11.8	)%		(7.9	)%		6.4	%
Company’s share in net (loss) income of JV based on 50% ownership	$	(11,349,983	)	$	(7,077,789	)	$	11,661,564

Schedule of condensed balance sheet information

	December 31,		December 31,
	2017		2016
Condensed balance sheet information:
Current assets	$	696,683,086	$	514,958,008
Noncurrent assets		179,943,752		177,563,801
Total assets	$	876,626,838	$	692,521,809
Current liabilities		703,629,444		505,356,626
Noncurrent liabilities		30,737,547		31,817,560
Equity		142,259,847		155,347,623
Total liabilities and equity	$	876,626,838	$	692,521,809

Schedule of equity method investments

	December 31,			December 31,
	2017			2016
Investment in JV Company, beginning of the period,	$	77,453,014		$	90,337,899
Share of loss
Company’s share in net loss of JV based on 50% ownership		(11,349,982	)		(7,077,789	)
Intercompany transaction elimination		(432,295	)		(230,787	)
Year 2016 unrealized profit realized		226,975			1,066
Subtotal		(11,555,302	)		(7,307,510	)
Exchange difference		4,783,301			(5,577,375	)
Investment in JV Company, end of the period	$	70,681,013		$	77,453,014

Schedule of breakdown of sales

	Year ended December 31,
	2017		2016		2015
JV Company	$	91,500,960	$	76,331,493	$	67,729,570
Kandi Changxing		81,699		349,721		44,019,899
Kandi Shanghai		34,433		647,950		39,708,548
Kandi Jinhua		-		46,303		789,065
Kandi Jiangsu		1,335,119		332,926		-
Total sales to JV	$	92,952,211	$	77,708,394	$	152,247,081

Summary of amount due from the JV company

	December 31,		December 31,
	2017		2016

Kandi Shanghai	$	2,354,195	$	281,657
Kandi Changxing		912,760		16,359,721
Kandi Jinhua		15,718		5,050,525
Kandi Jiangsu		1,506,199		352,587
JV Company		157,540,751		114,492,235
Consolidated JV	$	162,329,623	$	136,536,725

Summary of amount due to the JV company

	December 31,		December 31,
	2017		2016

Kandi Changxing	$	-	$	566
Consolidated JV	$	-	$	566

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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies [Abstract]

Schedule of guarantees for bank loans

	December 31,		December 31,
Guarantee provided to	2017		2016
Zhejiang Shuguang industrial Co., Ltd.		-		4,175,155
Nanlong Group Co., Ltd.		-		2,879,417
Kandi Electric Vehicles Group Co., Ltd.		-		46,790,530
Total	$	-	$	53,845,102

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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Schedule of revenues by geographic area

	Year Ended December 31,
	2017					2016					2015
	Sales Revenue		Percentage			Sales Revenue		Percentage			Sales Revenue		Percentage
Overseas	$	4,817,517		5	%	$	4,919,054		4	%	$	4,713,441		2	%
China		97,988,104		95	%		124,572,959		96	%		196,355,732		98	%
Total	$	102,805,621		100	%	$	129,492,013		100	%	$	201,069,173		100	%

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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of sales to related parties

	Year Ended December 31,
	2017		2016		2015
Service Company		-		3,913,031		42,032,060
Total	$	-	$	3,913,031	$	42,032,060

Schedule of due from related parties

	December 31,		December 31,
	2017		2016
Service Company		162,048		10,484,816
Total due from related party	$	162,048	$	10,484,816

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Organization and Principal Activities (Details Textual)	1 Months Ended															12 Months Ended
Organization and Principal Activities (Details Textual)	Apr. 30, 2017	Mar. 31, 2017	Nov. 30, 2016	Oct. 31, 2016	Aug. 31, 2016	Jan. 31, 2016	Dec. 31, 2015	Nov. 30, 2015	Jan. 31, 2014	Dec. 31, 2013	Nov. 30, 2013	Jul. 31, 2013	Mar. 31, 2013	Apr. 30, 2012	Jan. 31, 2011	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)
Kandi Vehicles [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description													Kandi Vehicles formed Kandi Electric Vehicles (Changxing) Co., Ltd. ("Kandi Changxing") in the Changxing (National) Economic and Technological Development Zone. Kandi Changxing is engaged in the production of EV products. In the fourth quarter of 2013, Kandi Vehicles entered into an ownership transfer agreement with the JV Company pursuant to which Kandi Vehicles transferred 100% of its ownership in Kandi Changxing to the JV Company. The Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Changxing.		Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests (100% of profits and losses) of JinhuaKandi New Energy Vehicles Co., Ltd. (“Kandi New Energy”). Kandi New Energy currently holds battery pack production licensing rights and supplies battery packs to the JV Company
Shanghai Guorun [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description													A 99%-owned subsidiary of Geely Automobile Holdings Ltd. ("Geely"), the parties established Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") to develop, manufacture and sell EV products and related auto parts. Each of Kandi Vehicles and Shanghai Guorun has 50% ownership interest in the JV Company.
Additional Information about acquisition, description													An effort to improve the JV Company's development, Zhejiang Geely Holding Group, the parent company of Geely, became the JV Company's -shareholder on October 26, 2016, through its purchase of the 50% equity of the JV Company held by Shanghai Guorun at a premium price (a price exceeding the cash amount of the aggregate of the original investment and the shared profits over the years). On May 19, 2017, due to business development, Geely Holding entrusted Hu Xiaoming, Chairman of the Board of the JV Company, to hold 19% equity of the JV Company from its 50% holding of the JV Company on behalf of Geely Holding as a nominal holder. On the same day, Geely Holding transferred its remaining 31% equity in the JV Company to Geely Group (Ningbo) Ltd., a company wholly owned by Li Shufu, Chairman of the Board of Geely Holding. On May 25, 2017, Mr. Hu pledged his 19% equity in the JV Company held on behalf of Geely Holding to Geely Holding. On June 30, 2017, due to the JV Company's operational needs, Kandi Vehicles pledged its 50% equity in the JV Company to Geely Holding as counter-guarantee, because Geely Holding provides a 100% guarantee on the JV Company's borrowings. Notwithstanding the pledge, guarantee and counter-guarantee arrangements stated above, there has been no change in control with respect to the 50% ownership held by each shareholder of the JV Company. In order to streamline the equity structure, on October 24, 2017, Mr. Hu transferred the 19% equity of the JV Company to Geely Group (Ningbo) Ltd. Now, Kandi Vehicles and Geely Group (Ningbo) Ltd. each owns 50% of equity of the JV Company.
JV Company [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description										The JV Company entered into an ownership transfer agreement with Shanghai Guorun, pursuant to which the JV Company acquired a 100% ownership interest in Kandi Electric Vehicles (Shanghai) Co., Ltd. ("Kandi Shanghai"). As a result, Kandi Shanghai is a wholly-owned subsidiary of the JV Company, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Shanghai.						the JV Company to acquire 100% of Changxing Maintenance for RMB 1,089,887 or approximately $167,501. As of December 31, 2017, the transaction had not been closed. Since Kandi Changxing is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Changxing Maintenance, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance.
Service Company [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description												Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. (the "Service Company") was formed. The Service Company is engaged in various pure EV leasing businesses, generally referred to as the Micro Public Transportation ("MPT") program. The Company, through Kandi Vehicle, has a 9.5% ownership interest in the Service Company.
Kandi Jinhua [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description											Kandi Electric Vehicles Jinhua Co., Ltd. ("Kandi Jinhua") was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jinhua, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua.
JiHeKang Service Company [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description	Kandi Jinhua, JiHeKang, and the JiHeKang Service Company were reorganized to become subsidiaries of Kandi Jiangsu. As the JV Company has a 100% ownership interest in Kandi Jiangsu, the JV Company has 100% ownership interests in Kandi Jinhua, JiHeKang, and the JiHeKang Service Company, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jinhua, JiHeKang, and the JiHeKang Service Company.							Hangzhou JiHeKang Electric Vehicle Service Co., Ltd. (the "JiHeKang Service Company") was formed by the JV Company. The JiHeKang Service Company focuses on after-market services for EV products. The JV Company has a 100% ownership interest in the JiHeKang Service Company, and the Company, indirectly through the JV Company, has a 50% economic interest in the JiHeKang Service Company.			Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd. ("JiHeKang") was formed by the JV Company. JiHeKang is engaged in the car sales business. The JV Company has a 100% ownership interest in JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang.
Kandi Jiangsu [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description									Kandi Electric Vehicles Jiangsu Co., Ltd. ("Kandi Jiangsu") was formed by the JV Company. The JV Company has a 100% ownership interest in Kandi Jiangsu, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Kandi Jiangsu. Kandi Jiangsu is mainly engaged in EV research and development, manufacturing, and sales.
Puma Investment [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description								The JV Company has a 50% ownership interest in Puma Investment (the other 50% is owned by Zuozhongyou Electric Vehicles Service (Hangzhou) Co., Ltd., a subsidiary of the Service Company), and the Company, indirectly through the JV Company, has a 25% economic interest in Puma Investment. In addition, Kandi Vehicle has a 9.5% ownership interest in Zuozhongyou Electric Vehicles Service (Hangzhou) Co., Ltd. The Company, indirectly through its 100% ownership interest in Kandi Vehicle, also has a 4.75% economic interest in Puma Investment. Therefore, the Company has a total of 29.75% of economic interest in Puma Investment.
Jihekang Tianjin [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description							Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd. ("JiHeKang") was formed by the JV Company. JiHeKang is engaged in the car sales business. The JV Company has a 100% ownership interest in JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in JiHeKang.
Kandi Hainan [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description						Kandi Electric Vehicles (Wanning) Co., Ltd. was renamed Kandi Electric Vehicles (Hainan) Co., Ltd. ("Kandi Hainan"). Kandi Hainan was originally formed in Wanning City in Hainan Province by Kandi Vehicles and Kandi New Energy in April 2013, and was transferred to Haikou City in January 2016. Kandi Vehicles has a 90% ownership interest in Kandi Hainan, and Kandi New Energy has the remaining 10% ownership interest. In fact, Kandi Vehicles is, effectively, entitled to 100% of the economic benefits, voting rights and residual interests (100% of the profits and losses) of Kandi Hainan as Kandi Vehicles is entitled to 100% of the economic benefits, voting rights and residual interests of Kandi New Energy.
Jiangsu JiDian [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description					Jiangsu JiDian Electric Vehicle Sales Co., Ltd. ("Jiangsu JiDian") was formed by JiHeKang. Jiangsu JiDian is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Jiangsu JiDian, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Jiangsu JiDian.
Guangdong Jihekang [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description			Guangdong JiHeKang Electric Vehicle Sales Co., Ltd. ("Guangdong JiHeKang") was formed by JiHeKang. Guangdong JiHeKang is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Guangdong JiHeKang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Guangdong JiHeKang.
Liuchuang [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description		Hangzhou Liuchuang Electric Vehicle Technology Co., Ltd. ("Liuchuang") was formed by Kandi Jiangsu. Since Kandi Jiangsu is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Liuchuang, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Liuchuang.
Tianjin BoHaiWan [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description				JiHeKang acquired Tianjin BoHaiWan Vehicle Sales Co., Ltd. ("Tianjin BoHaiWan"), which is engaged in the car sales business. Since JiHeKang is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Tianjin BoHaiWan, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Tianjin BoHaiWan.
Changxing Maintenance [Member]
Organization and Principal Activities (Textual)
Ownership acquisition, description			Changxing Kandi Vehicle Maintenance Co., Ltd. ("Changxing Maintenance") was formed by Kandi Changxing. Changxing Maintenance is engaged in the car repair and maintenance business. In December 2017, the Service Company entered an agreement with the JV Company to acquire 100% of Changxing Maintenance for RMB 1,089,887 or approximately $167,501. As of December 31, 2017, the transaction had not been closed. Since Kandi Changxing is 100% owned by the JV Company, the JV Company has a 100% ownership interest in Changxing Maintenance, and the Company, indirectly through its 50% ownership interest in the JV Company, has a 50% economic interest in Changxing Maintenance.
Service agreement with JV company																$ 167,501	¥ 1,089,887
Share exchange agreement [Member] \| Yongkang Scrou [Member]
Organization and Principal Activities (Textual)
Additional Information about acquisition, description														A share exchange agreement, the Company acquired 100% of YongkangScrou Electric Co, Ltd. ("YongkangScrou"), a manufacturer of automobile and EV parts. YongkangScrou currently manufactures and sells EV drive motors, EV controllers, air conditioners and other electric products to the JV Company.

XML 72 R53.htm IDEA: XBRL DOCUMENT

Liquidity (Details) - USD ($)	12 Months Ended
Liquidity (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Liquidity (Textual)
Working capital surplus	$ 53,707,902	$ 86,348,025
Working capital decrease	32,640,123
Commercial bank loans	$ 33,042,864

XML 73 R54.htm IDEA: XBRL DOCUMENT

Principles of Consolidation (Details)	Dec. 31, 2017	Nov. 30, 2016
Jihekang Tianjin [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%	100.00%
Guangdong Jihekang [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%	100.00%
Kandi New Energy [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	50.00%
Kandi New Energy [Member] \| Kandi Hainan [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	10.00%
Kandi Vehicles [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	100.00%
Ownership interest, percentage	100.00%
Kandi Vehicles [Member] \| Kandi Hainan [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	90.00%
Kandi Vehicles [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	50.00%
Mr. Hu Xiaoming [Member]
Principles of Consolidation (Textual)
Ownership interest, percentage	50.00%
Kandi Changxing [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Kandi Jinhua [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
JiHeKang [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Kandi Shanghai [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Kandi Jiangsu [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
JiHeKang Service [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Tianjin BoHaiWan [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Changxing [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Liuchuang [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%
Jiangsu Jidian [Member] \| JV Company [Member]
Principles of Consolidation (Textual)
Economic benefits percentage	50.00%
Ownership interest, percentage	50.00%

XML 74 R55.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2017
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plants and equipment, Estimated useful lives	30 years
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plants and equipment, Estimated useful lives	10 years
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plants and equipment, Estimated useful lives	5 years
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plants and equipment, Estimated useful lives	5 years
Molds [Member]
Property, Plant and Equipment [Line Items]
Property, plants and equipment, Estimated useful lives	5 years

XML 75 R56.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details 1)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Period end RMB : USD exchange rate [Member]
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Line Items]
Exchange rate	6.5067	6.94585	6.49270
Average RMB : USD exchange rate [Member]
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Line Items]
Exchange rate	6.7568	6.64520	6.24010

XML 76 R57.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Textual) ¥ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2017 CNY (¥)
Summary of Significant Accounting Policies (Textual)
Restricted cash	$ 11,218,688	$ 12,957,377
Notes receivable from JV Company and related parties	1,137,289	400,239
Total advance payments	114,000,000			¥ 744
Interest expenses capitalized for CIP	2,181,512	0	$ 0
Research and development expenses	27,628,085	26,504,650	3,482,511
Subsidiaries from the chinese government	5,913,554	25,913,540	1,645,032
Stock-based option expenses	$ 3,763,282	14,867,987	$ 14,255,887
Remaining useful lives	9 years 8 months 12 days
Amortization expenses	$ 82,095	82,095
Ownership interest	100.00%
Land use rights, Description	The land use rights granted to the Company are amortized using the straight-line method over a term of fifty years.
Advances to suppliers, current assets	$ 14,796,504
Advances to suppliers, long term assets	12,336,973
Amount due from JV Company, net	15,907,183
Allowance for doubtful accounts	$ 133,930	0
Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Current discount rate	5.00%
Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Current discount rate	4.80%
Level 2 [Member]
Summary of Significant Accounting Policies (Textual)
Notes payable, fair value	$ 28,075,945	14,797,325
Level 3 [Member]
Summary of Significant Accounting Policies (Textual)
Fair value of warrants	$ 0	$ 0

XML 77 R58.htm IDEA: XBRL DOCUMENT

Concentrations (Details)	12 Months Ended
Concentrations (Details)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%
Sales [Member] \| Kandi Electric Vehicles Group Co., Ltd. [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	89.00%	59.00%	34.00%
Trade Receivable [Member] \| Kandi Electric Vehicles Group Co., Ltd. [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	71.00%	53.00%	55.00%

XML 78 R59.htm IDEA: XBRL DOCUMENT

Concentrations (Details 1)	12 Months Ended
Concentrations (Details 1)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Concentration Risk [Line Items]
Concentration percentage	100.00%	100.00%	100.00%
Dongguan Chuangming Battery Technology Co., Ltd. [Member] \| Purchases [Member]
Concentration Risk [Line Items]
Concentration percentage	26.00%	42.00%	26.00%
Dongguan Chuangming Battery Technology Co., Ltd. [Member] \| Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration percentage	19.00%	22.00%	15.00%
Zhejiang Tianneng Energy Technology Co., Ltd. [Member] \| Purchases [Member]
Concentration Risk [Line Items]
Concentration percentage	25.00%	23.00%	20.00%
Zhejiang Tianneng Energy Technology Co., Ltd. [Member] \| Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration percentage	11.00%	15.00%	24.00%
Jinhua An Kao Power Technology Co., Ltd. [Member] \| Purchases [Member]
Concentration Risk [Line Items]
Concentration percentage	12.00%
Jinhua An Kao Power Technology Co., Ltd. [Member] \| Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration percentage	3.00%

XML 79 R60.htm IDEA: XBRL DOCUMENT

Earnings Per Share (Details) - USD ($)	12 Months Ended
Earnings Per Share (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Net (loss) income	$ (28,347,474)	$ (6,510,757)	$ 14,665,495
Weighted average shares used in basic computation	47,943,830	47,447,665	46,744,718
Dilutive shares			180,836
Weighted average shares used in diluted computation	47,943,830	47,447,665	46,925,554
Earnings per share:
Basic	$ (0.59)	$ (0.14)	$ 0.31
Diluted	$ (0.59)	$ (0.14)	$ 0.31

XML 80 R61.htm IDEA: XBRL DOCUMENT

Earnings Per Share (Details Textual) - shares	12 Months Ended
Earnings Per Share (Details Textual) - shares	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share (Textual)
Number of potentially dilutive common shares			180,836
Potential dilutive common shares	4,233,334	4,566,667	0

XML 81 R62.htm IDEA: XBRL DOCUMENT

Accounts Receivable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Accounts receivable	$ 34,531,788	$ 32,394,613
Less: allowance for doubtful accounts	(133,930)	0
Accounts receivable, net	$ 34,397,858	$ 32,394,613

XML 82 R63.htm IDEA: XBRL DOCUMENT

Inventories (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Inventories [Abstract]
Raw material	$ 7,256,498	$ 2,529,149
Work-in-progress	2,831,678	1,786,087
Finished goods	6,512,537	8,014,671
Total inventories	16,600,713	12,329,907
Less: provision for slowing moving inventories	(620,919)	(415,797)
Inventories, net	$ 15,979,794	$ 11,914,110

XML 83 R64.htm IDEA: XBRL DOCUMENT

Notes Receivable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Notes receivable as below:
Bank acceptance notes	$ 1,137,289	$ 400,239
Notes receivable	$ 1,137,289	$ 400,239

XML 84 R65.htm IDEA: XBRL DOCUMENT

Notes Receivable (Details 1) - USD ($)	12 Months Ended
Notes Receivable (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Amount	$ 1,137,289	$ 400,239
Kandi Electric Vehicles Group Co., Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Amount	$ 922,126
Relationship	Joint Venture of the Company
Nature	Payments for sales
Manner of settlement	Not due
Kandi Jiangsu [Member]
Schedule of Equity Method Investments [Line Items]
Amount	$ 153,688
Relationship	Subsidiary of the JV Company
Nature	Payments for sales
Manner of settlement	Not due
Kandi Changxing [Member]
Schedule of Equity Method Investments [Line Items]
Amount	$ 61,475
Relationship	Subsidiary of the JV Company
Nature	Payments for sales
Manner of settlement	Not due
Kandi Shanghai [Member]
Schedule of Equity Method Investments [Line Items]
Amount		$ 400,239
Relationship		Subsidiary of the JV Company
Nature		Payments for sales
Manner of settlement		Not due

XML 85 R66.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 51,345,256	$ 48,822,972
Less : Accumulated depreciation	(38,821,808)	(33,578,302)
Less: provision for impairment for fixed assets	(522,477)	(50,228)
Plant and equipment, net	12,000,971	15,194,442
Buildings [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	13,853,340	12,977,465
Less : Accumulated depreciation	(4,683,040)	(3,948,909)
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	7,916,562	8,585,666
Less : Accumulated depreciation	(7,216,464)	(8,107,884)
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	532,774	475,162
Less : Accumulated depreciation	(305,367)	(216,226)
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	382,866	321,207
Less : Accumulated depreciation	(310,631)	(274,197)
Moulds and others [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	28,659,714	26,463,472
Less : Accumulated depreciation	$ (26,306,306)	$ (21,031,086)

XML 86 R67.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment (Textual)
Net book value of plant and equipment pledged as collateral for bank loans	$ 9,019,993	$ 8,875,111
Depreciation expenses	$ 4,371,561	$ 4,448,010	$ 5,322,613

XML 87 R68.htm IDEA: XBRL DOCUMENT

Land Use Rights (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Land Use Rights [Abstract]
Cost of land use rights	$ 15,676,450	$ 14,280,282
Less: Accumulated amortization	(3,010,403)	(2,504,562)
Land use rights, net	$ 12,666,047	$ 11,775,720

XML 88 R69.htm IDEA: XBRL DOCUMENT

Land Use Rights (Details 1)	Dec. 31, 2017 USD ($)
Land Use Rights [Abstract]
2018	$ 324,336
2019	324,336
2020	324,336
2021	324,336
2022	324,336
Thereafter	11,044,367
Total	$ 12,666,047

XML 89 R70.htm IDEA: XBRL DOCUMENT

Land Use Rights (Details Textual) - USD ($)	12 Months Ended
Land Use Rights (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Land Use Rights (Textual)
Net book value of land use rights pledged as collateral	$ 8,993,913	$ 8,660,097
Amortization expenses of land use rights	$ 324,336	$ 333,171	$ 384,072

XML 90 R71.htm IDEA: XBRL DOCUMENT

Construction-in-Progress (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Construction In Progress [Line Items]
Total in CIP as of December 31, 2017	$ 53,083,925	$ 27,054,181
Estimate to complete	33,229,905
Total contract amount	86,313,830
Kandi Hainan facility [Member]
Construction In Progress [Line Items]
Total in CIP as of December 31, 2017	53,083,925
Estimate to complete	33,229,905
Total contract amount	$ 86,313,830

XML 91 R72.htm IDEA: XBRL DOCUMENT

Construction-in-Progress (Details Textual) ¥ in Billions	12 Months Ended
Construction-in-Progress (Details Textual) ¥ in Billions	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Apr. 30, 2013 CNY (¥) ElectronicValue
Construction-in-Progress (Textual)
Invest to establish a factory \| ¥				¥ 1
Number of electronic vehicles \| ElectronicValue				100,000
CIP amount	$ 53,083,925	$ 27,054,181
Interest expenses capitalized for CIP	$ 2,181,512	$ 0	$ 0

XML 92 R73.htm IDEA: XBRL DOCUMENT

Short -Term and Long-Term Bank Loans (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Summary of short-term loans
Short-term loans	$ 33,042,864	$ 34,265,065
Loans from China Ever-bright Bank, Interest rate 4.698% per annum, paid off on April 20, 2017 [Member]
Summary of short-term loans
Short-term loans		11,229,727
Loans from China Ever-bright Bank, Interest rate 5.22% per annum, due on April 25, 2018 [Member]
Summary of short-term loans
Short-term loans	10,758,141
Loans from Hangzhou Bank, Interest rate 4.35% per annum, paid off on October 16, 2017 [Member]
Summary of short-term loans
Short-term loans		7,025,778
Loans from Hangzhou Bank, Interest rate 4.79% per annum, due on October 16, 2018 [Member]
Summary of short-term loans
Short-term loans	7,499,962
Loans from Hangzhou Bank, Interest rate 4.35% per annum, paid off July 3, 2017 [Member]
Summary of short-term loans
Short-term loans		10,394,696
Loans from Hangzhou Bank, Interest rate 4.79% per annum, due on July 4, 2018 [Member]
Summary of short-term loans
Short-term loans	11,096,255
Loans from Hangzhou Bank, Interest rate 4.35% per annum, paid off on March 23, 2017 [Member]
Summary of short-term loans
Short-term loans		5,614,864
Loans from Hangzhou Bank, Interest rate 4.35% per annum, due March 26, 2018 [Member]
Summary of short-term loans
Short-term loans	$ 3,688,506

XML 93 R74.htm IDEA: XBRL DOCUMENT

Short -Term and Long-Term Bank Loans (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2017
Loans from China Ever-bright Bank, Interest rate 4.698% per annum, paid off on April 20, 2017 [Member]
Summary of short-term loans
Interest rate	4.698%
Paid off date	Apr. 20, 2017
Loans from China Ever-bright Bank, Interest rate 5.22% per annum, due on April 25, 2018 [Member]
Summary of short-term loans
Interest rate	5.22%
Due date	Apr. 25, 2018
Loans from Hangzhou Bank, Interest rate 4.35% per annum, paid off on October 16, 2017 [Member]
Summary of short-term loans
Interest rate	4.35%
Paid off date	Oct. 16, 2017
Loans from Hangzhou Bank, Interest rate 4.79% per annum, due on October 16, 2018 [Member]
Summary of short-term loans
Interest rate	4.79%
Due date	Oct. 16, 2018
Loans from Hangzhou Bank, Interest rate 4.35% per annum, paid off July 3, 2017 [Member]
Summary of short-term loans
Interest rate	4.35%
Paid off date	Jul. 03, 2017
Loans from Hangzhou Bank, Interest rate 4.79% per annum, due on July 4, 2018 [Member]
Summary of short-term loans
Interest rate	4.79%
Due date	Jul. 04, 2018
Loans from Hangzhou Bank, Interest rate 4.35% per annum, paid off on March 23, 2017 [Member]
Summary of short-term loans
Interest rate	4.35%
Paid off date	Mar. 23, 2017
Loans from Hangzhou Bank, Interest rate 4.35% per annum, due March 26, 2018 [Member]
Summary of short-term loans
Interest rate	4.35%
Due date	Mar. 26, 2018

XML 94 R75.htm IDEA: XBRL DOCUMENT

Short -Term and Long-Term Bank Loans (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Summary of long-term loans
Long-term loans	$ 30,737,547	$ 28,794,172
Loans from Haikou Rural Credit Cooperative [Member]
Summary of long-term loans
Long-term loans	$ 30,737,547	$ 28,794,172

XML 95 R76.htm IDEA: XBRL DOCUMENT

Short -Term and Long-Term Bank Loans (Parenthetical) (Details 1) - Loans from Haikou Rural Credit Cooperative [Member]	12 Months Ended
	Dec. 31, 2017
Summary of long-term loans
Interest rate	7.00%
Due date	Dec. 12, 2021

XML 96 R77.htm IDEA: XBRL DOCUMENT

Short -Term and Long-Term Bank Loans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Short -Term and Long-Term Bank Loans (Textual)
Interest expense of short-term and long-term bank loans	$ 2,280,286	$ 1,831,667	$ 2,214,635
Aggregate amount of short-term guaranteed by various third parties	$ 0

XML 97 R78.htm IDEA: XBRL DOCUMENT

Notes Payable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	$ 28,075,945	$ 14,797,325
Due March 22, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total		400,239
Due March 29, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total		1,439,709
Due June 21, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total		1,439,709
Due January 4, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	4,987,167
Due April 19, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	230,532
Due May 6, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	1,168,027
Due June 18, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	2,305,316
Due June 21, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	376,019
Due June 25, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	153,688
Due June 27, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	76,844
Due June 29, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	2,382,160
Due March 26, 2018 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	10,758,140
Due May 6, 2017 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total		11,517,668
Due May 6, 2019 [Member]
Bank Acceptance Notes And Other Notes Payable [Abstract]
Total	$ 5,638,052

XML 98 R79.htm IDEA: XBRL DOCUMENT

Notes Payable (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Notes Payable (Textual)
Notes payable collateral, amount	$ 11,218,688	$ 3,279,656

XML 99 R80.htm IDEA: XBRL DOCUMENT

Taxes (Details) - USD ($)	12 Months Ended
Taxes (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Taxes [Abstract]
Beginning balances
Increases related to tax positions taken during a prior year	11,376,521
Decreases related to tax positions taken during a prior year
Increases related to tax positions taken during the current year	790,289
Ending balances	$ 12,166,810

XML 100 R81.htm IDEA: XBRL DOCUMENT

Taxes (Details 1) - USD ($)	12 Months Ended
Taxes (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Provision for CIT	$ 2,184,985	$ 601,212	$ 4,656,311
Provision for Federal Income Tax
Deferred:
Provision for CIT	(5,448,015)	3,651,362	1,446,345
Income tax (benefit) expense	$ (3,263,030)	$ 681,546	$ 6,127,228

XML 101 R82.htm IDEA: XBRL DOCUMENT

Taxes (Details 2) - USD ($)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Taxes [Abstract]

Expected taxation at PRC statutory tax rate

$ (7,902,626)

$ (1,457,303)

Effect of differing tax rates in different jurisdictions

242,375

(1,403,077)

Non-taxable income

Non-deductible expenses

^[1]

1,735,581

1,103,158

Research and development super-deduction

(105,186)

(43,826)

Under-accrued EIT for previous years

267,574

(2,727,454)

Effect of PRC preferential tax rates

1,277,678

Addition to valuation allowance

1,271,728

5,301,677

Other

(50,154)

(91,629)

Income tax (benefit) expense

$ (3,263,030)

$ 681,546

$ 6,127,228

Effective tax rate

10.32%

(11.69%)

29.47%

[1]	It's mainly due to share of (loss) in JV Company and its subsidiaries.

XML 102 R83.htm IDEA: XBRL DOCUMENT

Taxes (Details 3) - USD ($)

Dec. 31, 2017

Dec. 31, 2016

Deferred tax assets:

Expense

^[1]

$ 192,046

$ 72,742

Depreciation

182,961

230,156

Loss carried forward

6,581,726

27,218,934

less: valuation allowance

(1,019,373)

(26,820,811)

Total deferred tax assets, net of valuation allowance

5,937,360

701,021

Deferred tax liabilities:

Expense

^[2]

1,553,935

1,698,303

Total deferred tax liability

1,553,935

1,698,303

Net deferred tax assets (liabilities)

$ 4,383,425

$ (997,282)

[1]	It's provision for impairment inventory, fixed assets.
[2]	It's due to the difference of tax basis and GAAP basis of other long-term assets.

XML 103 R84.htm IDEA: XBRL DOCUMENT

Taxes (Details 4) - USD ($)	12 Months Ended
Taxes (Details 4) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Loss Carryforwards [Line Items]
Total	$ (31,610,504)	$ (5,829,211)	$ 20,792,723
PRC [Member]
Operating Loss Carryforwards [Line Items]
Total	(25,471,997)	6,023,694
Non-PRC [Member]
Operating Loss Carryforwards [Line Items]
Total	$ (6,138,507)	$ (11,852,905)

XML 104 R85.htm IDEA: XBRL DOCUMENT

Taxes (Details 5)

12 Months Ended

Dec. 31, 2017

USD ($)

Net change of valuation allowance of Deferred tax assets

Balance at December 31,2016

$ 26,820,811

Additions-change to tax expense

1,271,728

Deduction-expired of loss carried forward

14,573,835

^[1]

Deduction-changed of UTP

12,166,810

Deduction-changed of tax rate

332,521

Balance at December 31,2017

$ 1,019,373

[1]	It's due to the loss carried forward deduction-expired of Kandi Technologies of 2012.

XML 105 R86.htm IDEA: XBRL DOCUMENT

Taxes (Details 6) - USD ($)	12 Months Ended
Taxes (Details 6) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Taxes [Abstract]
Tax benefit (holiday) credit	$ 105,186	$ 36,522	$ 912,548
Basic net income per share effect	$ 0	$ 0.001	$ 0.02

XML 106 R87.htm IDEA: XBRL DOCUMENT

Taxes (Details Textual) - USD ($)	12 Months Ended
Taxes (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Taxes (Textual)
Applicable corporate income tax rate	25.00%
Reduced income tax rate	15.00%
Research and development effective tax rate	10.32%	(11.69%)	29.47%
Tax exemptions holiday percent		25.00%	25.00%
Cumulative net losses	$ 5,560,000
Net loss carried forward term	5 years
U.S. federal corporate tax rate, description	(1) reducing the U.S. federal corporate tax rate effective January 1, 2018, (2) requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years.
Reconciliation corporate tax rate	21.00%
Deferred tax assets and deferred tax liabilities, decrease provisional	$ 300,000
Net adjustment to valuation allowance	300,000
Unrecognized tax benefits	12,166,810
Unrecognized tax benefits increased	12,200,000
Operating loss carry forward	$ 6,580,000
Research Tax Credit Carryforward [Member]
Taxes (Textual)
Research and development effective tax rate	25.00%
U.S. [Member] \| 2013 through 2017 [Member]
Taxes (Textual)
Cumulative net losses	$ 4,850,000
Operating loss carryforwards, expire date description	The U.S. will expire in varying amount between 2018 and 2022.
U.S. [Member] \| 2012 through 2016 [Member]
Taxes (Textual)
Cumulative net losses		$ 78,880,000
Operating loss carryforwards, expire date description		The U.S. will expire in varying amount between 2017 and 2021.
China [Member]
Taxes (Textual)
Cumulative net losses		$ 2,120,000
Operating loss carryforwards, expiration date		Dec. 31, 2021
China [Member] \| 2016 through 2017 [Member]
Taxes (Textual)
Cumulative net losses	$ 22,750,000
Operating loss carryforwards, expire date description	The PRC will expire in varying amount between 2021 and 2022.

XML 107 R88.htm IDEA: XBRL DOCUMENT

Stock Options and Warrants (Details) - $ / shares	12 Months Ended
Stock Options and Warrants (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Stock Options and Warrants [Abstract]
Number of Shares Outstanding, Beginning Balance	4,566,667	4,900,000
Number of Shares, Granted
Number of Shares, Exercised
Number of Shares, Cancelled
Number of Shares, Forfeited	(333,333)	(333,333)
Number of Shares Outstanding, Ending Balance	4,233,334	4,566,667
Weighted Average Exercise Price Outstanding, Beginning Balance	$ 9.72	$ 9.72
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Cancelled
Weighted Average Exercise Price, Forfeited	9.72	9.72
Weighted Average Exercise Price, Outstanding, Ending Balance	$ 9.72	$ 9.72

XML 108 R89.htm IDEA: XBRL DOCUMENT

Stock Options and Warrants (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
Stock Options and Warrants (Details Textual) - USD ($)	May 29, 2015	Dec. 31, 2017	Dec. 31, 2016
Stock Options and Warrants (Textual)
Warrants issued to investors and placement agent		$ 0	$ 0
Stock Options [Member]
Stock Options and Warrants (Textual)
Stock options vesting period, description	The stock options will vest ratably over three years and expire on the tenth anniversary of the grant date.
Company stock options value	$ 39,990,540
Expected volatility rate	90.00%
Expected life	10 years
Risk-free interest rate	2.23%
Expected dividend yield	0.00%
Stock compensation expenses		$ 3,763,282
Directors, officers and senior employees [Member] \| Stock Options [Member]
Stock Options and Warrants (Textual)
Purchase shares of common stock	4,900,000
Common stock exercise price per share	$ 9.72
Employees and Directors [Member]
Stock Options and Warrants (Textual)
Fair value of common stock options issued	4,900,000
Options issued , price per share	$ 8.1613

XML 109 R90.htm IDEA: XBRL DOCUMENT

Stock Award (Details) - USD ($)	1 Months Ended					6 Months Ended			12 Months Ended
Stock Award (Details) - USD ($)	Feb. 13, 2017	Nov. 30, 2016	Sep. 26, 2016	May 20, 2015	Dec. 30, 2013	Feb. 28, 2014	Jan. 31, 2012	Dec. 31, 2011	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock Award (Textual)
Number of shares, granted
Reduce total number of shares of common stock			250,000
Employee stock award expenses									$ 11,333,336	$ 20,665,709	$ 28,255,267
2008 Plan [Member]
Stock Award (Textual)
Shares of common stock					335,000
Number of shares, granted	246,900
Reduce total number of shares of common stock			335,000
Increase in shares				9,000,000
Employee Stock Award Expenses [Member]
Stock Award (Textual)
Employee stock award expenses									$ 1,428,025	$ 91,700	$ 8,123,333
Mr. Henry Yu [Member]
Stock Award (Textual)
Restricted shares of common stock								5,000
Mr. Jerry Lewin's [Member]
Stock Award (Textual)
Restricted shares of common stock							5,000
Ms. Kewa Luo's [Member]
Stock Award (Textual)
Restricted shares of common stock						5,000
Mr. Mei Bing [Member] \| Three Year Employment Agreement [Member]
Stock Award (Textual)
Shares of common stock		10,000
Vested shares of four equal quarterly installments		2,500

XML 110 R91.htm IDEA: XBRL DOCUMENT

Intangible Assets (Details) - USD ($)	12 Months Ended
Intangible Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 796,321	$ 796,321
Less : Accumulated amortization	(465,205)	(383,110)
Intangible assets, net	$ 331,116	413,211
Remaining useful lives	9 years 8 months 12 days
Trade name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 492,235	492,235
Less : Accumulated amortization	$ (287,561)	(236,815)
Remaining useful lives	4 years
Customer relations [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 304,086	304,086
Less : Accumulated amortization	$ (177,644)	$ (146,295)
Remaining useful lives	4 years

XML 111 R92.htm IDEA: XBRL DOCUMENT

Intangible Assets (Details 1)	Dec. 31, 2017 USD ($)
Intangible Assets [Abstract]
2018	$ 82,095
2019	82,095
2020	82,095
2021	82,095
2022	2,736
Thereafter
Total	$ 331,116

XML 112 R93.htm IDEA: XBRL DOCUMENT

Intangible Assets (Details Textual) - USD ($)	12 Months Ended
Intangible Assets (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets (Textual)
Amortization expenses	$ 82,095	$ 82,095

XML 113 R94.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed income statement information:
Net sales	$ 192,748,328	$ 179,328,669	$ 362,715,996
Gross income	$ 3,599,634	$ 19,278,511	$ 59,635,845
% of net sales	1.90%	10.80%	16.40%
Net (loss) income	$ (22,699,965)	$ (14,155,578)	$ 23,323,128
% of net sales	(11.80%)	(7.90%)	6.40%
Company's share in net (loss) income of JV based on 50% ownership	$ (11,349,983)	$ (7,077,789)	$ 11,661,564

XML 114 R95.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Condensed balance sheet information:
Current assets	$ 696,683,086	$ 514,958,008
Noncurrent assets	179,943,752	177,563,801
Total assets	876,626,838	692,521,809
Current liabilities	703,629,444	505,356,626
Noncurrent liabilities	30,737,547	31,817,560
Equity	142,259,847	155,347,623
Total liabilities and equity	$ 876,626,838	$ 692,521,809

XML 115 R96.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summarized Information of Equity Method Investments [Abstract]
Investment in JV Company, beginning of the period,	$ 77,453,014	$ 90,337,899
Share of loss
Company's share in net loss of JV based on 50% ownership	(11,349,983)	(7,077,789)	$ 11,661,564
Intercompany transaction elimination	(432,295)	(230,787)
Year 2016 unrealized profit realized	226,975	1,066
Subtotal	(11,555,302)	(7,307,510)	11,841,855
Exchange difference	4,783,301	(5,577,375)
Investment in JV Company, end of the period	$ 70,681,013	$ 77,453,014	$ 90,337,899

XML 116 R97.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Total sales to JV	$ 92,952,211	$ 81,621,424	$ 194,279,141
JV Company [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV	91,500,960	76,331,493	67,729,570
Kandi Changxing [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV	81,699	349,721	44,019,899
Kandi Shanghai [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV	34,433	647,950	39,708,548
Kandi Jinhua [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV		46,303	789,065
Kandi Jiangsu [Member]
Schedule of Equity Method Investments [Line Items]
Total sales to JV	$ 1,335,119	$ 332,926

XML 117 R98.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details 4) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Consolidated JV	$ 162,329,623	$ 136,536,725
Kandi Shanghai [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV	2,354,195	281,657
Kandi Changxing [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV	912,760	16,359,721
Kandi Jinhua [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV	15,718	5,050,525
Kandi Jiangsu [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV	1,506,199	352,587
JV Company [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV	$ 157,540,751	$ 114,492,235

XML 118 R99.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details 5) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Consolidated JV		$ 566
Kandi Changxing [Member]
Schedule of Equity Method Investments [Line Items]
Consolidated JV		$ 566

XML 119 R100.htm IDEA: XBRL DOCUMENT

Summarized Information of Equity Method Investment in the JV Company (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summarized Information of Equity Method Investment in the Jv Company (Textual)
Sales to JV Company and subsidiaries, description	During 2017, the JV Company sold a total of 11,437 units of EV products in the PRC as compared to a total of 10,148 units sold in 2016,an increase of 12.7%,of which the JV Company sold 7,416 units of Model K12, 3,939 units of Model K17 and 82 units of other models in 2017.
Amount due from JV company	$ 162,329,623	$ 136,536,725
Due to JV		566
Short-term debt	33,042,864	34,265,065
Revenue from related parties	92,952,211	81,621,424	$ 194,279,141
Kandi Changxing [Member]
Summarized Information of Equity Method Investment in the Jv Company (Textual)
Amount due from JV company	912,760	16,359,721
Due to JV		566
Revenue from related parties	$ 81,699	349,721	44,019,899
JV Company [Member]
Summarized Information of Equity Method Investment in the Jv Company (Textual)
Ownership interest, percentage	50.00%
Sales to JV Company and subsidiaries, description	Sales to the Company's customers, the JV Company and its subsidiaries, for the year ended December 31, 2017 were $92,952,211 or 90.4% of the Company's total revenue for the year, an increase of 19.6% of the sales to the JV Company from the previous year. Sales to the JV Company and its subsidiaries were primarily battery packs, body parts, EV drive motors, EV controllers, air conditioning units and other auto parts.
Consolidated interests of financial statements, description	(1) its 100% interest in Kandi Changxing; (2) its 100% interest in Kandi Jinhua; (3) its 100% interest in JiHeKang; (4) its 100% interest in Kandi Shanghai; (5) its 100% interest in Kandi Jiangsu; (6) its 100% interest in JiHeKang Service Company; (7) its 100% interest in Jiangsu JiDian; (8) its 100% interest in Tianjin BoHaiWan; (9) its 100% interest in Changxing Maintenance; (10) its 100% interest in Liuchuang; (11)its 100% interest in JiHeKang Tianjin; and(12) its 100% interest in Guangdong JiHeKang. The Company accounted for its investments in the JV Company under the equity method of accounting because the Company has a 50% ownership interest in the JV Company.
Amount due from JV company	$ 157,540,751	114,492,235
Short-term debt	60,706,656
Revenue from related parties	$ 91,500,960	$ 76,331,493	$ 67,729,570
Interest rate	4.35%

XML 120 R101.htm IDEA: XBRL DOCUMENT

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

XML 121 R102.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Textual) ¥ in Millions			1 Months Ended
	Dec. 14, 2015 USD ($)	Mar. 15, 2013 USD ($)	Jul. 20, 2016 USD ($)	Sep. 29, 2015 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Jul. 31, 2017 USD ($)	Jul. 31, 2017 CNY (¥)	Apr. 30, 2017 USD ($)	Aug. 31, 2016 USD ($)	Aug. 31, 2016 CNY (¥)
Nanlong Group Co., Ltd. [Member]
Commitments and Contingencies (Textual)
Guarantee for bank loans amount		$ 3,073,755
Description of loans period		Loan period of March 15, 2013, to March 15, 2016.
JV Company [Member]
Commitments and Contingencies (Textual)
Guarantee for bank loans amount	$ 38,421,934		$ 11,526,580
Description of loans period	Loan period of December 14, 2015, to December 13, 2016, which was extended to October 15, 2017.		Loan period of July 20, 2016 to July 19, 2017.
Zhejiang Shuguang Industrial Co., Ltd. [Member]
Commitments and Contingencies (Textual)
Guarantee for bank loans amount				$ 4,456,944
Description of loans period				Loan period of September 29, 2015, to September 28, 2016.
Accrued liability of estimated contingent losses					$ 3,000,000	¥ 20.0
Loan principal interests \| ¥						9.9
Ping An Bank [Member]
Commitments and Contingencies (Textual)
Principal amount										$ 4,200,000	¥ 29.0
Accrued liability of estimated contingent losses							$ 3,000,000	¥ 20.0
Loan principal interests \| ¥						¥ 10.1
Shanghai Pudong Development Bank [Member]
Commitments and Contingencies (Textual)
Principal amount									$ 2,900,000

XML 122 R103.htm IDEA: XBRL DOCUMENT

Segment Reporting (Details) - USD ($)	12 Months Ended
Segment Reporting (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total	$ 102,805,621	$ 129,492,013	$ 201,069,173
Percentage	100.00%	100.00%	100.00%
China [Member] \| Sales Revenue [Member]
Segment Reporting Information [Line Items]
Total	$ 97,988,104	$ 124,572,959	$ 196,355,732
Percentage	95.00%	96.00%	98.00%
Overseas [Member] \| Sales Revenue [Member]
Segment Reporting Information [Line Items]
Total	$ 4,817,517	$ 4,919,054	$ 4,713,441
Percentage	5.00%	4.00%	2.00%

XML 123 R104.htm IDEA: XBRL DOCUMENT

Segment Reporting (Details Textual)	12 Months Ended
Segment Reporting (Details Textual)	Dec. 31, 2017 Segment
Segment Reporting (Textual)
Number of operating segment	1

XML 124 R105.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Sales to related parties		$ 3,913,031	$ 42,032,060
Service Company [Member]
Related Party Transaction [Line Items]
Sales to related parties		$ 3,913,031	$ 42,032,060

XML 125 R106.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Total due from related party	$ 162,048	$ 10,484,816
Service Company [Member]
Related Party Transaction [Line Items]
Total due from related party	$ 162,048	$ 10,484,816

XML 126 R107.htm IDEA: XBRL DOCUMENT

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

XML 127 R108.htm IDEA: XBRL DOCUMENT

Subsequent Event (Details) - Kandi Vehicles [Member] ¥ in Thousands, $ in Millions	1 Months Ended
	Dec. 18, 2017 USD ($)	Dec. 18, 2017 CNY (¥)
Subsequent Event (Textual)
Payments to acquire businesses, gross	$ 3.9	¥ 25,930
Business combination ccontrol obtained, description	Supplementary Agreement by and between the two parties, the Company issued a total of 2,959,837 shares of restrictive stock (the "Shares"), or 6.2% of the Company's total outstanding shares of the common stock to the Transferor. An additional 2,959,837 shares are placed as make good shares for the undertaking of Jinhua An Kao to achieve no less than a total of RMB120,000,000 (approximately $18.1 million) net income over the course of the following three years.	Supplementary Agreement by and between the two parties, the Company issued a total of 2,959,837 shares of restrictive stock (the "Shares"), or 6.2% of the Company's total outstanding shares of the common stock to the Transferor. An additional 2,959,837 shares are placed as make good shares for the undertaking of Jinhua An Kao to achieve no less than a total of RMB120,000,000 (approximately $18.1 million) net income over the course of the following three years.

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

Delaware		90-0363723
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

Common Stock, Par Value $0.001 Per Share		NASDAQ Global Select Market
(Title of each class)		(Name of exchange on which registered)

Large accelerated filer ☐	Accelerated filer ☒
Non-accelerated filer ☐ (Do not check if a smaller reporting company)	Smaller reporting company ☐
	Emerging growth company ☐

PART I

Item 1.	Business.	1
Item 1A.	Risk Factors.	11
Item 1B.	Unresolved Staff Comments.	22
Item 2.	Properties.	22
Item 3.	Legal Proceedings.	24
Item 4.	Mine Safety Disclosures.	24

PART II

Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase Equity Securities.	25
Item 6.	Selected Financial Data.	27
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	28
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk.	42
Item 8.	Financial Statements and Supplementary Data.	F-1
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure.	44
Item 9A.	Controls and Procedures.	44
Item 9B.	Other Information.	45

PART III

Item 10.	Directors, Executive Officers and Corporate Governance.	46
Item 11.	Executive Compensation.	50
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	55
Item 13.	Certain Relationships and Related Transactions and Director Independence.	56
Item 14.	Principal Accounting Fees and Services.	57

PART IV

Item 15.	Exhibits, Financial Statement Schedules.	58

SIGNATURES

	Area
Location	(square meters)		Term and Expiration	Certificate No.
Zhejiang Jinhua Industrial Park		72,901	Nov 13, 2002 - Nov 13, 2052	10-75013
Zhejiang Jinhua Industrial Park		39,491	Nov 13, 2002 - Nov 13, 2052	10-75014
Zhejiang Jinhua Industrial Park		46,651	Dec 30, 2003 - Dec 30, 2053	110-12504
Zhejiang Jinhua Industrial Park		37,515	Dec 30, 2003 - Dec 30, 2053	110-12850
Zhejiang Jinhua Industrial Park		49,162	Dec 30, 2003 - Dec 30, 2053	110-11343
Zhejiang Jinhua Industrial Park		19,309	Dec 07, 2009 - Dec 07, 2059	110-05918
Zhejiang Qiaoxia Industrial Park		9,405	Apr 03, 2001 – Apr 03, 2051	574-26-36

	Years Ended December 31,
	2017		2016		2015
	Sales		Sales		Sales
EV parts	$	97,355,828	$	120,079,312	$	196,053,058
EV products		-		3,718,291		-
Off-road vehicles		5,449,793		5,694,410		5,016,115
Total	$	102,805,621	$	129,492,013	$	201,069,173

	●	our pending patent applications may not result in the issuance of patents;
	●	our patents, if issued, may not be broad enough to protect our commercial endeavors;
	●	the patents we have been granted may be challenged, invalidated or circumvented because of the pre-existence of similar patented or unpatented technology or for other reasons;
	●	the costs associated with obtaining and enforcing patents, confidentiality and invention agreements or other intellectual property rights may make aggressive enforcement impracticable; or
	●	current and future competitors may independently develop similar technology, duplicate our vehicles or design new vehicles in a way that circumvents our intellectual property.

	●	cease selling, incorporating or using vehicles or offering goods or services that incorporate or use the challenged intellectual property;
	●	pay substantial damages;
	●	obtain a license from the holder of the infringed intellectual property right, which license may not be available on reasonable terms or at all; or
	●	redesign our vehicles or other goods or services.

	●	variations in our operating results;
	●	changes in expectations of our future financial performance, including financial estimates by securities analysts and investors;
	●	changes in operating and stock price performance of other companies in our industry;
	●	additions or departures of key personnel; or
	●	future sales of our common stock.

	●	grant of the right to use land;
	●	assignment of the right to use land;
	●	lease of the right to use land; or
	●	allocated land use rights.

	Area
Description	(square meters)		Status
Factories		93,979	Fully operational
Sales Center		3,130	Fully operational
Test Center		2,220	Fully operational
Staff quarters		8,090	Fully operational
Canteen		2,602	Fully operational

	HIGH		LOW
FISCAL 2017
Fourth Quarter (through December 31, 2017)	$	9.2	$	6.6
Third Quarter (through September 30, 2017)	$	5.75	$	3.55
Second Quarter (through June 30, 2017)	$	4.5	$	3.75
First Quarter (through March 31, 2017)	$	5.25	$	3.6

FISCAL 2016
Fourth Quarter (through December 31, 2016)	$	6.5	$	3.4
Third Quarter (through September 30, 2016)	$	8.09	$	5.41
Second Quarter (through June 30, 2016)	$	8.24	$	6.11
First Quarter (through March 31, 2016)	$	10.9	$	6.1

	As of December 31,

CONSOLIDATED BALANCE SHEETS DATA:	2017		2016		2015		2014		2013
Cash and cash equivalents	$	4,891,808	$	12,235,921	$	16,738,559	$	26,379,460	$	12,762,369
Restricted cash		11,218,688		12,957,377		16,172,009		13,000,731		1,636
Working capital (deficit)		53,707,902		86,348,025		67,464,090		39,202,684		(6,631,680)
Total assets		438,332,844		439,698,185		371,469,024		323,073,352		204,306,730
Short-term bank loans		33,042,864		34,265,065		36,656,553		35,589,502		34,020,281
Total liabilities		215,342,532		207,350,718		132,543,456		111,488,513		115,780,611
Total shareholders’ equity		222,990,312		232,347,467		238,925,568		211,584,839		88,526,119

	Years Ended December 31,
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME DATA:	2017			2016			2015			2014			2013
REVENUES, NET	$	102,805,621		$	129,492,013		$	201,069,173		$	170,229,006		$	94,536,045
COST OF GOODS SOLD		(88,461,432	)		(111,770,197	)		(172,649,955	)		(146,825,073	)		(72,793,517	)
GROSS PROFIT		14,344,189			17,721,816			28,419,218			23,403,933			21,742,528
Research and development		(27,628,085	)		(26,504,650	)		(3,482,511	)		(2,755,637	)		(3,728,730	)
Selling and marketing		(1,465,007	)		(1,567,707	)		(633,863	)		(1,345,588	)		(399,504	)
General and administrative		(11,333,336	)		(20,665,709	)		(28,255,267	)		(14,058,548	)		(16,056,107	)
INCOME FROM OPERATIONS		(26,082,239	)		(31,016,250	)		(3,952,423	)		5,244,160			1,558,187
Interest income		2,269,844			2,961,153			3,138,717			1,701,121			1,516,477
Interest (expense)		(2,280,286	)		(1,831,667	)		(2,214,635	)		(3,480,646	)		(4,395,353	)
Change in fair value of financial instruments		-			3,823,590			8,519,295			6,531,308			(16,647,283	)
Government grants		5,913,554			25,913,540			1,645,032			288,498			228,396
Share of (loss) in associated companies		-			-			-			(54,308	)		(69,056	)
Share of (loss)income after tax of JV		(11,555,302	)		(7,307,510	)		11,841,855			4,490,266			(2,414,354	)
Other income, net		123,925			1,627,933			1,814,882			(34,649	)		676,257
Total other (loss)income, net		(5,528,265	)		25,187,039			24,745,146			9,441,590			(21,104,916	)
(LOSS)INCOME BEFORE INCOME TAXES		(31,610,504	)		(5,829,211	)		20,792,723			14,685,750			(19,546,729	)
INCOME TAX BENEFIT (EXPENSE)		3,263,030			(681,546	)		(6,127,228	)		(2,414,412	)		(1,593,994	)
NET (LOSS)INCOME		(28,347,474	)		(6,510,757	)		14,665,495			12,271,338			(21,140,723	)
OTHER COMPREHENSIVE INCOME
Foreign currency translation		13,846,110			(15,415,223	)		(9,631,753	)		(2,725,143	)		2,112,902
COMPREHENSIVE (LOSS)INCOME	$	(14,501,364	)	$	(21,925,980	)	$	5,033,742		$	9,546,195		$	(19,027,821	)

WEIGHTED AVERAGE SHARES OUTSTANDING BASIC		47,943,830			47,447,665			46,744,718			42,583,495			34,707,973
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED		47,943,830			47,447,665			46,925,554			42,715,818			34,707,973

NET (LOSS)INCOME PER SHARE, BASIC	$	(0.59	)	$	(0.14	)	$	0.31		$	0.29		$	(0.61	)
NET (LOSS)INCOME PER SHARE, DILUTED	$	(0.59	)	$	(0.14	)	$	0.31		$	0.29		$	(0.61	)

	Year Ended
	December 31, 2017			% of Revenue			December 31, 2016			% of Revenue			December 31, 2015			% of Revenue			Change in Amount 2017 VS 2016			Change in %			Change in Amount 2017 VS 2015			Change in %

REVENUES FROM UNRELATED PARTY, NET	$	9,853,410			9.6	%	$	47,870,589			37.0	%	$	6,790,032			3.4	%		(38,017,179	)		(79.4	%)		3,063,378			45.1	%
REVENUES FROM JV COMPANY AND RELATED PARTY, NET		92,952,211			90.4	%		81,621,424			63.0	%		194,279,141			96.6	%		11,330,787			13.9	%		(101,326,930	)		(52.2	%)

REVENUES, NET		102,805,621			100.0	%		129,492,013			100.0	%		201,069,173			100.0	%		(26,686,392	)		(20.6	%)		(98,263,552	)		(48.9	%)

COST OF GOODS SOLD		(88,461,432	)		(86.0	%)		(111,770,197	)		(86.3	%)		(172,649,955	)		(85.9	%)		23,308,765			(20.9	%)		84,188,523			(48.8	%)

GROSS PROFIT		14,344,189			14.0	%		17,721,816			13.7	%		28,419,218			14.1	%		(3,377,627	)		(19.1	%)		(14,075,029	)		(49.5	%)

OPERATING EXPENSES:
Research and development		(27,628,085	)		(26.9	%)		(26,504,650	)		(20.5	%)		(3,482,511	)		(1.7	%)		(1,123,435	)		4.2	%		(24,145,574	)		693.3	%
Selling and marketing		(1,465,007	)		(1.4	%)		(1,567,707	)		(1.2	%)		(633,863	)		(0.3	%)		102,700			(6.6	%)		(831,144	)		131.1	%
General and administrative		(11,333,336	)		(11.0	%)		(20,665,709	)		(16.0	%)		(28,255,267	)		(14.1	%)		9,332,373			(45.2	%)		16,921,931			(59.9	%)
Total Operating Expenses		(40,426,428	)		(39.3	%)		(48,738,066	)		(37.6	%)		(32,371,641	)		(16.1	%)		8,311,638			(17.1	%)		(8,054,787	)		24.9	%

LOSS FROM OPERATIONS		(26,082,239	)		(25.4	%)		(31,016,250	)		(24.0	%)		(3,952,423	)		(2.0	%)		4,934,011			(15.9	%)		(22,129,816	)		559.9	%

OTHER INCOME(EXPENSE):
Interest income		2,269,844			2.2	%		2,961,153			2.3	%		3,138,717			1.6	%		(691,309	)		(23.3	%)		(868,873	)		(27.7	%)
Interest expense		(2,280,286	)		(2.2	%)		(1,831,667	)		(1.4	%)		(2,214,635	)		(1.1	%)		(448,619	)		24.5	%		(65,651	)		3.0	%
Change in fair value of financial instruments		-			0.0	%		3,823,590			3.0	%		8,519,295			4.2	%		(3,823,590	)		(100.0	%)		(8,519,295	)		(100.0	%)
Government grants		5,913,554			5.8	%		25,913,540			20.0	%		1,645,032			0.8	%		(19,999,986	)		(77.2	%)		4,268,522			259.5	%
Share of (loss) income after tax of JV		(11,555,302	)		(11.2	%)		(7,307,510	)		(5.6	%)		11,841,855			5.9	%		(4,247,792	)		58.1	%		(23,397,157	)		(197.6	%)
Other income, net		123,925			0.1	%		1,627,933			1.3	%		1,814,882			0.9	%		(1,504,008	)		(92.4	%)		(1,690,957	)		(93.2	%)
Total other (expense) income, net		(5,528,265	)		(5.4	%)		25,187,039			19.5	%		24,745,146			12.3	%		(30,715,304	)		(121.9	%)		(30,273,411	)		(122.3	%)

(LOSS)INCOME BEFORE INCOME TAXES		(31,610,504	)		(30.7	%)		(5,829,211	)		(4.5	%)		20,792,723			10.3	%		(25,781,293	)		442.3	%		(52,403,227	)		(252.0	%)

INCOME TAX BENEFIT (EXPENSE)		3,263,030			3.2	%		(681,546	)		(0.5	%)		(6,127,228	)		(3.0	%)		3,944,576			(578.8	%)		9,390,258			(153.3	%)

NET (LOSS) INCOME		(28,347,474	)		(27.6	%)		(6,510,757	)		(5.0	%)		14,665,495			7.3	%		(21,836,717	)		335.4	%		(43,012,969	)		(293.3	%)

	Years ended December 31,
	2017									2016									2015
	Sales		Cost		Gross Profit		Margin %			Sales		Cost		Gross Profit		Margin %			Sales		Cost		Gross Profit		Margin %
EV parts	$	97,355,828		83,691,060		13,664,768		14.0	%	$	120,079,312		102,856,683		17,222,629		14.3	%	$	196,053,058		168,344,853		27,708,206		14.1	%
EV products		-		-		-		-			3,718,291		3,632,762		85,529		2.3	%		-		-		-		-
Off-road vehicles		5,449,793		4,770,372		679,421		12.5	%		5,694,410		5,280,753		413,657		7.3	%		5,016,115		4,305,102		711,012		14.2	%
Total	$	102,805,621		88,461,432		14,344,189		14.0	%	$	129,492,013		111,770,197		17,721,816		13.7	%	$	201,069,173		172,649,955		28,419,218		14.1	%

	Year Ended
	December 31, 2017
	(In Thousands)
Capital requirements
Purchase of plant and equipment	$	760
Purchase of land use rights		416
Purchase of construction in progress		703
Repayments of short-term bank loans		35,668
Repayments of notes payable		28,681
Internal cash used in operations		3,214
Total capital Requirements	$	69,442

Capital provided
Proceeds from short-term bank loan		32,264
Proceeds from notes payable		22,270
Repayments of short term investment		4,588
Decrease in cash		7,344
Decrease in restricted cash		2,516
Total capital provided	$	68,982

Contractual obligations	Payments due by period
	Total		Less than 1 year		1-3 years		3-5 years		More than 5 years
R&D Obligations	$	9,221,264		9,221,264		-		-		-
Hainan Obligations		16,598,276		16,598,276		-		-		-
Loans from Haikou Rural Credit Cooperative	$	30,737,547		-		-		30,737,547		-
Total	$	56,557,087		25,819,540		-		30,737,547		-

CONTENTS

REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-2

CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2017 AND 2016	F-4

CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31, 2017, 2016 AND 2015	F-5

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2017, 2016 AND 2015	F-6

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2017, 2016 AND 2015	F-7

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2017, 2016 AND 2015	F-8

	Year Ended
	December 31, 2017			December 31, 2016			December 31, 2015

REVENUES FROM UNRELATED PARTY, NET	$	9,853,410		$	47,870,589		$	6,790,032
REVENUES FROM JV COMPANY AND RELATED PARTY, NET		92,952,211			81,621,424			194,279,141

REVENUES, NET		102,805,621			129,492,013			201,069,173

COST OF GOODS SOLD		(88,461,432	)		(111,770,197	)		(172,649,955	)

GROSS PROFIT		14,344,189			17,721,816			28,419,218

OPERATING EXPENSES:
Research and development		(27,628,085	)		(26,504,650	)		(3,482,511	)
Selling and marketing		(1,465,007	)		(1,567,707	)		(633,863	)
General and administrative		(11,333,336	)		(20,665,709	)		(28,255,267	)
Total Operating Expenses		(40,426,428	)		(48,738,066	)		(32,371,641	)

LOSS FROM OPERATIONS		(26,082,239	)		(31,016,250	)		(3,952,423	)

OTHER INCOME (EXPENSE):
Interest income		2,269,844			2,961,153			3,138,717
Interest expense		(2,280,286	)		(1,831,667	)		(2,214,635	)
Change in fair value of financial instruments		-			3,823,590			8,519,295
Government grants		5,913,554			25,913,540			1,645,032
Share of (loss) income after tax of JV		(11,555,302	)		(7,307,510	)		11,841,855
Other income, net		123,925			1,627,933			1,814,882
Total other (expense) income, net		(5,528,265	)		25,187,039			24,745,146

(LOSS) INCOME BEFORE INCOME TAXES		(31,610,504	)		(5,829,211	)		20,792,723

INCOME TAX BENEFIT (EXPENSE)		3,263,030			(681,546	)		(6,127,228	)

NET(LOSS) INCOME		(28,347,474	)		(6,510,757	)		14,665,495

OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation		13,846,110			(15,415,223	)		(9,631,753	)

COMPREHENSIVE (LOSS) INCOME	$	(14,501,364	)	$	(21,925,980	)	$	5,033,742

WEIGHTED AVERAGE SHARES OUTSTANDING BASIC		47,943,830			47,447,665			46,744,718
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED		47,943,830			47,447,665			46,925,554

NET (LOSS) INCOME PER SHARE, BASIC	$	(0.59	)	$	(0.14	)	$	0.31
NET (LOSS) INCOME PER SHARE, DILUTED	$	(0.59	)	$	(0.14	)	$	0.31

	Common Stock				Additional Paid-in		Retained			Accumulated Other Comprehensive
	Shares		Par Value		Capital		Earnings			Income			Total
BALANCE AT DECEMBER 31, 2014		46,274,855	$	46,275	$	190,258,037	$	16,390,424		$	4,890,103		$	211,584,839
Stock issuance and award		690,000		690		22,306,297		-			-			22,306,987
Warrant exercise		-		-		-		-			-			-
Deferred tax effect		-		-		-		-			-			-
Foreign currency translation		-		-		-		-			(9,631,753	)		(9,631,753	)
Net income		-		-		-		14,665,495			-			14,665,495

BALANCE AT DECEMBER 31, 2015		46,964,855	$	46,965	$	212,564,334	$	31,055,919		$	(4,741,650	)	$	238,925,568
Stock issuance and award		734,783		735		15,347,143								15,347,878
Warrant exercise														-
Deferred tax effect														-
Foreign currency translation											(15,415,223	)		(15,415,223	)
Net loss								(6,510,756	)					(6,510,756	)

BALANCE AT DECEMBER 31, 2016		47,699,638	$	47,700	$	227,911,477	$	24,545,163		$	(20,156,873	)	$	232,347,467
Stock issuance and award		336,900		337		5,143,871								5,144,208
Warrant exercise														-
Deferred tax effect														-
Foreign currency translation											13,846,110			13,846,110
Net loss								(28,347,473	)					(28,347,473	)

BALANCE AT DECEMBER 31, 2017		48,036,538	$	48,037	$	233,055,348	$	(3,802,310	)	$	(6,310,763	)	$	222,990,312

i.	We implemented the plan for remediation of the material weaknesses in internal control over financial reporting as outlined in the Form 10-K for the year ended December 31, 2016, continued to improve internal control over financial reporting and conducted timely self-assessments.

ii.	We completed a thorough review of the processes and procedures in the Company’s financial reporting related to the areas where the material weaknesses existed and made necessary changes to streamline our processes and procedures to ensure the related controls in our current accounting practices such as consolidation process, conversion and development of U.S. GAAP based financial statements process and internal review process is sufficient and effective, related procedures in our accounting manual is updated and related documentation for internal control over financial reporting is complete. We reengineered the process and procedures of U.S. GAAP based period financial consolidation and SEC reporting through improved working models with added controls over the areas such as related party transactions, cash flows and equity investments to ensure the completeness and accuracy and regulatory compliance of our financial statements.

Name	Age		Position	Served From
Hu Xiaoming		61	Chairman of the Board, President and Chief Executive Officer	June 2007
Mei Bing		53	Chief Financial Officer, Director	November 2016
Zhu Feng		47	Director	December 2017
Chen Liming (1), (2), (3)		81	Director (Independent)	May 2012
Lin Yi (2), (3)		65	Director (Independent)	May 2017
Jerry Lewin (1)		63	Director (Independent)	November 2010
Henry Yu (1),(2),(3)		64	Director (Independent)	July 2011

(1)	Member of Audit Committee
(2)	Member of Compensation Committee
(3)	Member of Nominating and Corporate Governance Committee

			Salary		Bonus		Stock Awards		Option Awards		Non-Equity Incentive Plan Compensation		Nonqualified Deferred Compensation Earnings		All Other Compensation		Total
Name and Principal Position	Year		($)		($)		($)(4)		($)(5)		($)		($)		($)		($)
Hu Xiaoming (1)		2017	$	26,983			$	425,000		1,326,217		-		-		-	$	1,778,200
CEO, President and		2016	$	27,331			$	-		3,060,500		-		-		-	$	3,087,831
Chairman of the Board		2015	$	29,076		-	$	1,195,000		2,618,428		-		-		-	$	3,842,504

Mei Bing (2)		2017	$	180,000		-	$	35,000		-		-		-		-	$	215,000
CFO, Director		2016	$	30,000		-	$	-		-		-		-		-	$	30,000
		2015	$	-		-	$	-		-		-		-		-	$	-

Wang Cheng (3)		2017	$	15,547		-	$	-		-		-		-		-	$	15,547
Former CFO		2016	$	101,422		-	$	-		1,700,278		-		-		-	$	1,801,700
		2015	$	80,717		-	$	77,675		1,454,682		-		-		-	$	1,613,074

(1)	Mr. Hu was appointed as CEO and President of the Company on June 29, 2007.
(2)	Mr. Mei was appointed as CFO of the Company on November 14, 2016.
(3)	Mr. Wang was appointed as CFO of the Company on May 1, 2015 and has resigned from his CFO position on November 13, 2016.
(4)	The amounts in this column reflect the aggregate grant date fair value under FASB ASC Topic 718 of awards made during the respective year.
(5)	The amounts in this column reflect the aggregate grant date fair value under FASB ASC Topic 718 of awards made during the respective year

Name		Number of Securities underlying Unexercised Exercisable				Number of Securities underlying Unexercised Options(#) Unexercisable				Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)				Option Exercise Price ($)				Option Expiration Date		Number of Shares or Units of Stock That Have Not Vested (#)				Market Value of Shares or Units of Stock That Have Not Vested ($)				Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)				Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)
Hu Xiaoming (1)(2)			600,000				-				300,000			$	9.72			5/28/2025			-				-				-				-

(1)	Mr. Hu was appointed as CEO and President of the Company on June 29, 2007.

(2)	The grant date fair value of each share of common stock option is $9.72, calculated in accordance with FASB Topic 718.

Name	Fees Earned or Paid in Cash ($)(2)		Stock Awards ($) (1)(2)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Nonqualified Deferred Compensation Earnings		All Other Compensation ($)		Total ($)
Lin Yi	$	5,920		-		-		-		-		-	$	5,920

Henry Yu	$	24,000		18,100		-		-		-		-	$	42,100

Jerry Lewin	$	24,000		26,500		-		-		-		-	$	50,500

Chen Liming	$	8,880		-		-		-		-		-	$	8,880

Name	Options		Restricted
			stock
Henry Yu		0		60,000
Chen Liming		0		0
Lin Yi		0		0
Jerry Lewin		0		60,000

Title of Class	Name of Beneficial Owner	Amount and Nature of Beneficial Ownership			Percent of Class
Common Stock	Excelvantage Group Limited(3)		12,419,911	(1)		23.0	%
Common Stock	Hu Xiaoming		13,657,988	(2)		25.3	%
Common Stock	Mei Bing		12,500			*
Common Stock	Henry Yu		92,336			*
Common Stock	Jerry Lewin		65,000			*
Common Stock	Chen Liming		-			-
Common Stock	Lin Yi		-			-
Common Stock	Zhu Feng		-			-
All officers and directors			13,827,824			25.6	%

(2)	Includes (i) 1,238,077 shares owned directly by Mr. Hu, (ii) 12,419,911 shares owned by Excelvantage Group Limited. As reflected in footnote 1, Mr. Hu may be deemed to be the beneficial owner of these shares.

(3)	Principal offices located at Jinhua City Industrial Zone, Jinhua City, Zhejiang Province, China 321016.

	2017		2016
Audit Fees	$	370,000	$	770,000	(1)
Audit Related Fees	$	-	$	-
All Other Fees	$	5,000	$	10,000
TOTAL FEES	$	375,000	$	780,000

Exhibit
Number		Description
2.1		Share Exchange Agreement, dated June 29, 2007, by and among Stone Mountain Resources, Inc., Continental Development Limited and Excelvantage Group Limited. [Incorporated by reference from Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on July 6, 2007]

3.1		Certificate of Incorporation. [Incorporated by reference from Exhibit 3.1 to Form SB-2 filed by the Company on April 1, 2005]

3.2		Certificate For Renewal and Revival of Charter dated May 27, 2007. [Incorporated by reference from Exhibit 3.1 to the Company’s Registration Statement on Form S-3 dated June 20, 2014]

3.3		Certificate of Amendment of Certificate of Incorporation. [Incorporated by reference from Exhibit 4.2 to the Company’s Form S-3, dated November 19, 2009; File No. 333-163222]

3.4		Certificate of Amendment of Certificate of Incorporation. [Incorporated by reference from Exhibit 3.1 to the Company’s Form 8-K, dated December 21, 2012]

3.5		Bylaws. [Incorporated by reference from Exhibit 3.2 to Form SB-2 filed by the Company on April 1, 2005]

4.1		Form of Amendment to the Warrant To Purchase Common Stock. [Incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 13, 2013]

4.2		Form of Warrant. [Incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on January 16, 2014]

4.3		Form of Warrant [Incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on March 19, 2014]

4.4		Form of Warrant. [Incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on August 29, 2014]

4.5		Form of Warrant Extension Agreement. [Incorporated by reference from Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q filed on August 30, 2015]

10.1		Form of the Director Agreement. [Incorporated by reference from Exhibit 10.1 to the Company’s Annual Report on Form 10-K filed on March 16, 2015]

10.2		Form of the Employment Contract by and between Zhejiang Kandi Vehicles Co., Ltd. and the executive officer. [Incorporated by reference from Exhibit 10.2 to the Company’s Annual Report on Form 10-K filed on March 16, 2015]

10.3		Kandi Technologies, Corp. 2008 Omnibus Long-Term Incentive Plan [Incorporated by reference from Appendix A to the Company’s Definitive Schedule 14A filed on November 24, 2008]

10.4		Voting Agreement, dated January 21, 2010, by and between the Company and Excelvantage Group Limited. [Incorporated by reference from Exhibit 10.6 to the Company’s Current Report on Form 8-K filed on January 21, 2010]

10.5		The Agreement of Establishment Kandi New Energy Vehicles Co., Ltd., dated May 18, 2010, by and between Zhejiang Kandi Vehicles Co., Ltd. and Mr. Hu Xiaoming, and its supplement, dated January 31, 2011. [Incorporated by reference from Exhibit 10.13 to the Company’s Annual Report on Form 10-K filed on March 31, 2011]

10.6		The Share Escrow and Trust Agreement, dated May 18, 2010, by and between Zhejiang Kandi Vehicles Co., Ltd. and Mr. Hu Xiaoming. [Incorporated by reference from Exhibit 10.14 to the Company’s Annual Report on Form 10-K filed on March 31, 2011]

10.7		The Contractor Agreement, dated May 18, 2010, by and between Zhejiang Kandi Vehicles Co., Ltd. and Mr. Hu Xiaoming. [Incorporated by reference from Exhibit 10.15 to the Company’s Annual Report on Form 10-K filed on March 31, 2011]

10.8		Loan Agreement, dated January 31, 2011, by and between Zhejiang Kandi Vehicles Co., Ltd. and Mr. Hu Xiaoming. [Incorporated by reference from Exhibit 10.1 to the Company’s Form 10-Q filed on May 16, 2011]

10.9		Joint Venture Agreement of Establishment of Zhejiang Kandi Electric Vehicles Co., Ltd., by and between Zhejiang Kandi Vehicles Co., Ltd. and Shanghai Maple Guorun Automobile Co., Ltd., dated March 22, 2013.*. [Incorporated by reference from Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on May 14, 2013]

10.10		Form of Securities Purchase Agreement, dated March 19, 2014, by and among the Company and certain institutional accredited investors [Incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on March 19, 2014]

10.11		Form of Securities Purchase Agreement, dated August 29, 2014, by and among the Company and certain institutional accredited investors [Incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on August 29, 2014]

10.12		Form of Placement Agent Agreement [Incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on August 29, 2014]