Key Highlights

  • KNDI shares jumped 39.46% to $0.82 at Monday's close on September 28, 2026, while the S&P 500 fell 0.77%.
  • Kandi reported first-half 2026 results and held an earnings call, with reported Revenue growth and an order tied to CATL.
  • Kandi is a China-based maker of electric vehicles and related products, including electric Utility and off-road vehicles.
  • As a smaller EV name, it has traded with considerable Volatility and at times turnaround discussion.

Kandi Technologies (NASDAQ:KNDI), a penny stock, was among the gainers in US markets on Monday, September 28, 2026, closing the session up 39.46% at $0.82. The China-based electric vehicle maker reported first-half 2026 financial results and an order tied to CATL.

Latest Developments

Kandi reported its first-half 2026 financial results and held an earnings call, with the update including reported revenue growth and an order tied to battery maker CATL.

KNDI shares jumped at Monday's close in a session when the major US indexes fell.

Financial and Business Position

Kandi is a China-based maker of electric vehicles and related products, including electric utility and off-road vehicles and components. As a smaller EV name it has traded with considerable volatility.

The reference to an order associated with CATL, one of the largest battery manufacturers globally, points to a commercial or Supply relationship that investors interpreted favorably. At these price levels, small absolute moves translate into large percentages, and low-priced EV names can be volatile in both directions.

Stock-Market Context

US stocks sold off to start the week. The S&P 500 declined 0.77% to 7,683.69, the Nasdaq Composite lost 0.92% to 26,820.38 and the Dow Jones Industrial Average slipped 0.67% to 51,481.51.

Renewed US-Iran tensions after a rejected Iranian proposal lifted oil prices, with WTI crude touching roughly $96 a barrel intraday. The 10-year Treasury Yield climbed above 5.2%, its highest level since 2007.

Scheduled disclosures such as a first-half report can reset sentiment quickly in small-cap names.

First-Half Report and a CATL Order

Kandi closed Monday sharply higher after its first-half results and a reported order tied to CATL. The report is the newest scheduled data point for a small EV maker with a history of volatility.