Kandi Technologies (NASDAQ:KNDI) announced it entered into an equity transfer agreement to acquire 100% of Rawrr Inc., a U.S. premium electric off-road motorcycle brand; the agreement was executed on December 5, 2025.
The acquisition is positioned to expand Kandi’s North American multi-brand strategy by adding high-performance electric motorcycles, nearly 300 U.S. dealers, and Rawrr’s direct-to-consumer and digital marketing capabilities. Kandi expects operational synergies with its existing LSPTV, UTV and off-road product lines and plans to leverage its retail distribution across big-box and specialty channels to accelerate market penetration and customer acquisition.
Loading…
Loading translation…
News Market Reaction
23 Alerts
+13.40%
News Effect
+38.4%
Peak in 5 hr 18 min
+$12M
Valuation Impact
$102M
Market Cap
4.5x
Rel. Volume
On the day this news was published, KNDI gained 13.40%, reflecting a significant positive market reaction.
Argus tracked a peak move of +38.4% during that session.
Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility.
This price movement added approximately $12M to the company’s valuation, bringing the market cap to $102M at that time.
Trading volume was very high at 4.5x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Stake acquired
100% of Rawrr Inc.
Equity transfer agreement executed December 5, 2025
Dealer network
Nearly 300 U.S. dealers
Rawrr distribution footprint in the United States
Current price
$0.97
Pre-news trading level vs 52-week range
52-week high
$1.81
Upper end of 52-week trading range
52-week low
$0.89
Lower end of 52-week trading range
Market cap
$77,474,431
Equity value before Rawrr acquisition announcement
Agreement date
December 5, 2025
Date equity transfer agreement for Rawrr was executed
Market Reality Check
$0.9800
Last Close
Volume
Volume 94,134 is below the 20-day average of 113,923 ahead of the acquisition news.
normal
Technical
Shares at $0.97 are trading below the 200-day MA of $1.23 and well under the 52-week high of $1.81.
Peers on Argus
KNDI gained 2.72% while key recreational-vehicle peers also rose, including MAMO (+6.33%), WGO (+4.9%), and MCFT (+3.54%). However, the momentum scanner showed no sector-wide move tied to this headline, suggesting the Rawrr acquisition was more company-specific.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 04 |
Robotics product update |
Positive |
+0.0% |
Progress of intelligent delivery robot dog into pilot testing and validation. |
| Sep 09 |
New subsidiary, order |
Positive |
-2.2% |
New Southeast Asia subsidiary and first robotics order from GoTo. |
| Aug 19 |
H1 2025 earnings |
Positive |
+13.3% |
H1 2025 results with higher 45.2% gross margin and net income. |
| Aug 18 |
Battery swap order |
Positive |
+11.7% |
First major CATL order for heavy-truck battery swap station equipment. |
| Aug 12 |
Earnings call notice |
Neutral |
+13.9% |
Scheduling announcement for upcoming H1 2025 financial results call. |
Recent strategic and partnership announcements often coincided with strong positive 24-hour moves, while some operational updates saw flat or negative reactions.
Over the last six months, Kandi has combined robotics, infrastructure, and vehicle initiatives. In August 2025, it announced an order from CATL for heavy-truck battery swap stations and later reported H1 2025 results showing revenues of $36.3 million with a 45.2% gross margin, both drawing double-digit positive price reactions. Additional news included securing a first robotics order with GoTo and unveiling an intelligent delivery robot dog. Today’s Rawrr acquisition fits this pattern of strategic expansion into new mobility and technology adjacencies.
Market Pulse Summary
The stock surged +13.4% in the session following this news. A strong positive reaction aligns with Kandi’s history of sizable moves after strategic milestones, such as prior robotics and battery-swap announcements that saw double-digit gains within 24 hours. The Rawrr acquisition adds a U.S. premium off-road motorcycle brand with nearly 300 dealers, expanding the multi-brand powersports footprint. Investors would need to weigh execution risks around integration and demand sustainability, especially with shares still below the 200-day MA and well under the 52-week high.
Key Terms
equity transfer agreement
financial
“today announced that it has entered into an equity transfer agreement to acquire 100%”
An equity transfer agreement is a legal contract that records the sale or reassignment of ownership in a company’s shares from one party to another. Like handing over the keys when you sell a house, it changes who legally controls those ownership rights and any attached voting power or dividend claims. Investors care because such transfers can shift control, dilute or concentrate stakes, affect company strategy and influence future share value.
direct-to-consumer model
financial
“Concurrently, Rawrr’s direct-to-consumer model and digital marketing expertise are expected”
A direct-to-consumer model is when a company sells goods or services straight to the end customer instead of going through middlemen like retailers or distributors, often using its own website, stores, or subscription services. Investors care because this approach can boost profit margins and give companies faster feedback and control over their brand, but it also shifts costs and risks for marketing, delivery and customer support onto the company—think of a baker selling loaves at a stall instead of through a grocery chain.
AI-generated analysis. Not financial advice.
Jinhua, China, Dec. 11, 2025 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a long renowned leader in all-electric personal transportation and utility vehicles, today announced that it has entered into an equity transfer agreement to acquire
Rawrr has rapidly emerged as a premier player in the U.S. electric off-road motorcycle sector, underpinned by its high-performance engineering, lightweight design, and superior riding experience. Its product portfolio has garnered significant traction among off-road enthusiasts, outdoor adventurers, especially among the younger demographics, distinguishing Rawrr as one of the most promising growth brands in the electric powersports segment in the United States.
Mr. Feng Chen, CEO of Kandi, commented: “The acquisition of Rawrr materially expands Kandi’s consumer demographic. Rawrr commands a strong appeal among younger, experience-driven, and community-oriented lifestyle audience. This acquisition augments our brand acknowledgement in the United States and positions us to a more diverse and dynamic customer base as we continue to diversify our multi-brand portfolio.”
The acquisition of Rawrr is expected to unlock substantial operational synergies with Kandi’s existing North American operations. Rawrr’s electric off-road motorcycles will strategically augment the Company’s current product lineup, which includes LSPTVs, UTVs, and other off-road vehicles, enabling Kandi to offer a more comprehensive suite of low-carbon mobility solutions across community transportation, outdoor recreation, and sports leisure applications.
Justin, CEO of Rawrr, stated, “We have cultivated a robust market presence and a deep understanding of U.S. riders over the years. Joining Kandi allows us to leverage Kandi’s industrial scale and established infrastructure to further refine our products and deliver exceptional riding experiences.”
From a distribution standpoint, Rawrr is poised to leverage Kandi’s mature retail distribution network across major North American big-box and specialty channels, facilitating efficient market penetration and optimizing customer acquisition costs. Concurrently, Rawrr’s direct-to-consumer model and digital marketing expertise are expected to enhance Kandi’s digital operations and brand reach. Rawrr’s network of nearly 300 U.S. dealers will synergize with Kandi’s existing retail footprint, significantly expanding the combined market reach.
Kenny, Chairman of Rawrr, added, “This transaction represents a highly synergistic partnership. Rawrr and Kandi align on a shared strategic vision for innovation and global growth. With Kandi’s support, we are confident that Rawrr is strategically positioned to evolve into a globally influential and highly respected world-class brand.”
Safe Harbor Statement
This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website ( All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
About Rawrr Inc.
Rawrr Inc. is a U.S.-based premium electric off-road motorcycle brand focused on delivering high-performance, lightweight, and experience-driven riding products. Targeting off-road enthusiasts, outdoor adventurers, and younger riders, Rawrr has rapidly built a strong brand presence in the U.S. electric off-road segment through its distinctive product design, direct-to-consumer model, and expanding dealer network. The brand is recognized for its innovation, community engagement, and fast-growing footprint in the North American powersports market.
For more information, please visit: www.riderawrr.com
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a leader in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the Company’s primary focus is on off-road mobility solutions, with a strategic emphasis for the North American market, while actively pursuing opportunities in other related emerging high-tech areas. Through its subsidiaries, Kandi Technologies leverages its robust manufacturing capabilities and technological expertise to deliver innovative products for a wide range of commercial and consumer applications.
For more information, please visit ir.kandigroup.com
For investor and media inquiries, please contact:
Kandi Technologies Group, Inc.
Kewa Luo
Tel: +1 (212) 551-3610
Email: [email protected]
Piacente Financial Communications
Brandi Piacente
Tel: +86-10-6508-0677
Email: [email protected]
FAQ
What did Kandi (KNDI) announce about the Rawrr acquisition on December 11, 2025?
Kandi announced it entered an equity transfer agreement to acquire 100% of Rawrr, executed on December 5, 2025.
How many Rawrr dealers will Kandi (KNDI) gain from the acquisition?
The acquisition brings nearly 300 U.S. dealers into Kandi’s combined distribution network.
How will Rawrr affect Kandi’s product lineup and market reach (KNDI)?
Rawrr adds electric off-road motorcycles to Kandi’s LSPTV and UTV portfolio and broadens reach into outdoor recreation and powersports.
What synergies did Kandi (KNDI) cite from buying Rawrr?
Kandi cited expected operational synergies, retail distribution leverage across big-box and specialty channels, and improved digital customer acquisition.
When was the equity transfer agreement between Kandi (KNDI) and Rawrr executed?
The agreement was executed on December 5, 2025.
link