10 • October 2025 • Powersports Business

SmartBank has expanded its dealer floor plan program with the addition of Chris Collier as senior vice president and dealer floor plan relationship manager. Based in Jacksonville, Florida, Collier will work directly with dealers and manufacturers to provide customized floor plan lending solutions.

“ His deep industry expertise and proven track record of building lasting relationships with dealers and manufacturers will be invaluable as we enhance our floor plan

Based in Jacksonville, Florida, SmartBank’ s Chris Collier will work directly with dealers and manufacturers to provide customized floor plan lending solutions.( Photo: SmartBank) lending solutions,” says Billy Carroll, Smart- Bank president and CEO.

Collier brings more than 25 years of relationship management experience, including work with manufacturers and dealers of motorcycles, boats, motorhomes, heavy equipment, and commercial vehicles. He holds degrees in finance and management from Jacksonville University and an MBA from Campbell University.

“ SmartBank’ s commitment to its dealer floor plan program and passion for building strong, supportive relationships with its clients are what drew me to this role,” Collier says.

Founded in 2007, SmartBank is a full-service commercial bank with 42 branches across Tennessee, Alabama, and Florida.

Kandi Technologies Group, a leader in allelectric personal transportation and utility vehicles, announced its unaudited financial results for the six months ended June 30.

Net revenues were $ 36.3 million, down from $ 59.8 million for the same period of 2024, a decrease of 39.3 %. Kandi contributed the drop in revenue to slowed down off-road vehicles and EV product sales.

Total operating expenses were $ 18.3 million, compared to $ 23.3 million during the same period last year, a decrease of 21.4 %. R & D expenses were $ 2.5 million compared to $ 1.7 million a year ago, a 48.5 % jump. The increased spending was mostly due to an R & D project for battery products, the company says

Net income for Y1 was $ 1.7 million, a 28.7 % decrease from the $ 2.4 million it earned in the first half of last year.

“ We continue to strengthen our core offroad vehicle business through streamlined inventory management, enhanced manufacturing efficiency, and optimized sales network,” says CEO Feng Chen.“ Looking ahead, we will continue to increase R & D investment and refine our supply chain, while driving forward our dual-engine strategy of stable cash flow business plus growth incubation business.”

Kandi Technologies Group, a leader in all-electric personal transportation and utility vehicles, announced its unaudited financial results for the six months ended June 30.