UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

For the month of ~~August~~December 2025

Commission File Number: 333-259881

KANDI TECHNOLOGIES GROUP, INC
(Translation of registrant’s name into English)

Jinhua New Energy Vehicle Town

Jinhua, Zhejiang Province

People’s Republic of China, 321016
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

~~Kandi~~Entry ~~Technologies~~into ~~Group,~~Share ~~Inc.,~~Purchase aAgreement ~~British~~in ~~Virgin Islands~~Relation ~~company (the “Company”) furnishes under the cover~~ to Acquisition of ~~Form 6-K its financial results for the six months ended June~~ ~~30,~~Rawrr ~~2025:~~Inc.

~~Six~~On ~~Months~~December 5, 2025, ~~Financial~~Kandi ~~Focus~~Technologies Group, Inc. (“Kandi” or the “Company”) entered into a share transfer agreement (the “Share Transfer Agreement”) with shareholders (“Sellers”) of Rawrr Inc. (the “Target Company”), a California corporation.

●Pursuant ~~Six-month~~to ~~revenues~~the Share Transfer Agreement, the Sellers conditionally agreed to sell, and the Company conditionally agreed to acquire the entire issued share capital of the Target Company (the “Acquisition”), at a consideration of US$3623.39 million, ~~slipped~~which 39is the fair value of the Target Company as valuated by an independent third party, payable in form of ordinary shares, par value $0.3%001 ~~year-over-year~~per share, of the Company (the “Ordinary Shares”). The Company expects to issue 17.7 million Ordinary Shares, at a price of $1.35 per share, which is the average closing prices of Ordinary Shares on Nasdaq Stock Market during the ten (10) trading day period immediately preceding the agreed reference date, September 24, 2025. Kenny Hu, director and Chairman of the board of Rawrr, is son of Xiaoming Hu, a director of the Company and beneficial owner of 14,426,481 Ordinary Shares of the Company. Each of the audit committee of the Company and the board of directors have assessed and approved the Acquisition.

●The ~~Six-month~~closing ~~revenue~~of ~~from~~the Acquisition is ~~off-road~~subject to ~~vehicles~~certain ~~and~~conditions. ~~associated~~Upon ~~parts~~closing, ~~decreased~~the byTarget ~~37.0%~~Company ~~year-over-year~~will tobecome ~~$34.0~~a ~~million,~~subsidiary ~~compared~~of tothe ~~$54.0~~Company ~~million~~and inits financial statements will be consolidated into the ~~same~~financial ~~period~~statements of ~~2024~~the Company.

● Six-month net income was $1.7 million, or $0.02 income per fully diluted share, compared to a net income of $2.4 million, or $0.03 income per fully diluted share for the same period of 2024.

● Solid financial standing with $257 million in cash and cash equivalents, restricted cash and certificate of deposit as of June 30, 2025.

H1 2025 Key Financial Results

Net Revenues and Gross Profit (in USD millions)

	H1 2025			H1 2024			Y-o-Y%
Net Revenues	$	36.3		$	59.8			-39.3	%
Gross Profit	$	16.4		$	19.0			-13.6	%
Gross Margin%		45.2	%		31.7	%		-

● Net revenues in the first half of 2025 were $36.3 million compared to $59.8 million in the same period of 2024, representing a decrease of 39.3%, mainly due to a decrease in sales of off-road vehicles and EV products compared to the prior period.

● Cost of goods sold in the first half of 2025 was $19.9 million compared to $40.9 million in the same period of 2024, representing a decrease of 51.3%. The decrease was primarily due to the corresponding decrease in sales.

● Gross profit in the first half of 2025 was $16.4 million, compared to $19.0 million in the same period of 2024, representing a decrease of 13.6%. The overall gross margin for the first half was 45.2%, compared to 31.7% in the same period of 2024, reflecting the impact of the product mix and the regional revenue shift, as well as larger sales of impaired inventory compared to prior year which generated a larger margin.

Operating Loss (in USD millions)

	H1 2025			H1 2024			Y-o-Y%
Operating Expenses	$	(18.3	)	$	(23.3	)		-21.4	%
Loss from Operations	$	(1.9	)	$	(4.4	)		-55.6	%
Operating Margin%		-5.3	%		-7.3	%		-

● Research and development expenses totaled $2.5 million for the first half of 2025, representing an increase of 48.5% compared to $1.7 million for the same period in 2024. The increase was mainly due to a research and development project for battery products conducted in the current period.

● Selling and distribution expenses totaled $4.5 million for the first half of 2025, representing a decrease of 35.8% compared to $7.0 million for the same period in 2024. The decrease in selling and distribution expenses was in line with the scale of decease in revenue.

● General and administrative expenses totaled $11.3 million for the first half of 2025, representing a decrease of 22.6% compared to $14.6 million for the same period in 2024. The decrease was mainly due to reduced depreciation expenses in the current period, driven by a one-time asset impairment recorded at the end of 2024, as well as reduced stock compensation expenses incurred in current period compared to prior period.

Net Income (in USD millions)

	H1 2025		H1 2024		Y-o-Y%
Net Income	$	1.7	$	2.4		-28.7	%
Net Income per Share, Basic and Diluted	$	0.02	$	0.03		-
Net Income attributable to Kandi	$	1.7	$	2.3		-25.5	%
Net Income attributable to Kandi per Share, Basic and Diluted	$	0.02	$	0.03		-

Net income was $1.7 million for the first half of 2025, representing a decrease of 28.7% compared to $2.4 million for the same period in 2024. The decrease was mainly due to the decrease in net revenue, as well as loss from long-term investment incurred during the current period.

Balance Sheet (in USD millions)

● Working capital was $237.8 million as of June 30, 2025.

- Tables Below -

KANDI TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(All amounts in thousands)

	June 30, 2025		December 31, 2024
	(Unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	32,247	$	37,308
Restricted cash		71,040		83,530
Certificate of deposit		153,486		5,481
Accounts receivable		10,815		26,463
Inventories		45,216		51,268
Notes receivable		-		346
Other receivables		6,160		144,721
Prepayments and prepaid expense		4,500		4,968
Advances to suppliers		741		562
TOTAL CURRENT ASSETS		324,205		354,647
NON-CURRENT ASSETS
Property, plant and equipment, net		62,381		63,504
Intangible assets, net		3,285		3,893
Land use rights, net		2,592		2,587
Deferred tax assets		6,492		6,497
Long-term investment		1,956		1,413
Goodwill		31,649		31,182
Other long-term assets		10,787		10,173
TOTAL NON-CURRENT ASSETS		119,142		119,249
TOTAL ASSETS	$	443,347	$	473,896
CURRENT LIABILITIES
Accounts payable	$	14,388	$	25,476
Other payables and accrued expenses		5,051		8,544
Short-term loans		37,385		37,529
Notes payable		23,536		41,621
Income tax payable		709		1,431
Advance receipts		109		-
Other current liabilities		5,217		5,795
TOTAL CURRENT LIABILITIES		86,395		120,396
NON-CURRENT LIABILITIES
Long-term loans		-		5,707
Deferred taxes liability		547		525
Other long-term liabilities		453		641
TOTAL NON-CURRENT LIABILITIES		1,000		6,873
TOTAL LIABILITIES		87,395		127,269
STOCKHOLDER'S EQUITY
Kandi technologies group, inc. stockholders' equity		354,050		344,697
Non-controlling interests		1,902		1,930
TOTAL STOCKHOLDERS' EQUITY		355,952		346,627
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	443,347	$	473,896

KANDI TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

(All amounts in thousands, except for share and per share data)

	Six Months Ended
	June 30, 2025			June 30, 2024
REVENUES, NET	$	36,291		$	59,825
COST OF GOODS SOLD		(19,904	)		(40,858	)
GROSS PROFIT		16,387			18,967
OPERATING EXPENSE:
Research and development		(2,504	)		(1,685	)
Selling and marketing		(4,505	)		(7,023	)
General and administrative		(11,310	)		(14,612	)
TOTAL OPERATING EXPENSE		(18,319	)		(23,320	)
LOSS FROM OPERATIONS		(1,932	)		(4,353	)
OTHER INCOME (EXPENSE):
Interest income		4,334			3,633
Interest expense		(1,100	)		(965	)
Change in fair value of contingent consideration		-			936
Government grants		1,099			1,051
Other (loss) income, net		(853	)		2,525
TOTAL OTHER INCOME, NET		3,480			7,180
INCOME BEFORE INCOME TAXES		1,548			2,827
INCOME TAX BENEFIT (EXPENSE)		147			(449	)
NET INCOME		1,695			2,378
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS		(29	)		63
NET INCOME ATTRIBUTABLE TO KANDI TECHNOLOGIES GROUP, INC. STOCKHOLDERS		1,724			2,315
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment		6,148			(9,823	)
COMPREHENSIVE INCOME (LOSS)	$	7,843		$	(7,445	)
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC		84,805,991			86,663,100
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED		84,805,991			87,097,274
NET INCOME PER SHARE, BASIC	$	0.02		$	0.03
NET INCOME PER SHARE, DILUTED	$	0.02		$	0.03
NET INCOME ATTRIBUTABLE TO KANDI TECHNOLOGIES GROUP, INC. STOCKHOLDERS PER SHARE, BASIC	$	0.02		$	0.03
NET INCOME ATTRIBUTABLE TO KANDI TECHNOLOGIES GROUP, INC. STOCKHOLDERS PER SHARE, DILUTED	$	0.02		$	0.03

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 19, 2025	Kandi Technologies Group, Inc.
Date: December 11, 2025	Kandi Technologies Group, Inc.
	By:	/s/ Feng Chen
	Name:	Feng Chen
	Title:	Chief Executive Officer

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