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kandi technologies

Other than its business in China, the group has minimal operations and revenues coming in from overseas, too. Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Invesco ETF Tr-Invesco Golden Dragon China ETF. EVs are waived from Chinese megacities' license plate fees that apply to ICE vehicles, on an average of $14,000 per license plate. Will current price volatility hamper Vertex Pharmaceuticals Incorporated (VRTX) future potential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n the one hand, any U.S. sales will be more than Kandi has made here so far; on the other hand, the vehicles -- particularly the K23 -- seem priced somewhat high for what they offer. Made In NYC | The 3-month trading volume is 6.7 Million shares. Kandi Technologies Group Inc manufactures small vehicles including all terrain vehicles (ATVs), golf carts, motor cycles, motor scooters and go-karts. Kandi America — the U.S. subsidiary of Kandi Technologies … To date, Kandi has delivered over 40,000 carshare EVs making it by far, the Words largest Carshare program. It can be fully charged in 7 hours at a standard Level 2, 240 volt, 16 amp charging station. The company, currently valued at $324.88 Million, closed the last trade at $5.95 per share which meant it lost -$0.19 on the day or -3.09% during that session. Tesla's Model 3, its lowest-priced vehicle, starts at $31,690, including savings through tax credits, according to the company's website. A daily collection of all things fintech, interesting developments and market updates. This site uses cookies. [23] [13] Sportsman Country will facilitate the dealer relationships for Kandi's EX3 electric vehicles. The China Association of Automobile Manufacturers (CAAM) reported the sale of 16,376 Kandi EVs in 2015. Please update this article to reflect recent events or newly available information. 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[])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(+!![]))/+((!+[]+(!![])+!![]+!![]+[])+(+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]-(!! The projected low price target is $2.38 while the price target rests at a high of $2.38. Kandi America, the company's U.S. subsidiary, said on Wednesday afternoon that it will launch two models in the United States at a virtual event on Aug. 18. It has more than 10 utility model and design patents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ohn Rosevear is the senior auto specialist for Fool.com. Kandi's original plan was to build with both Government and “outside” support, 750 of these garages through a 50-50 joint venture with Geely Automotive, China's largest passenger automaker, which would require some 100,000 Kandi electric vehicles to stock them. Why Buy stock in Uber Technologies, Inc. (UBER)? It is hard to argue that Kandi Technologies Group’s ROE is much good in and of itself. The Kandi public EV CarShare concept is based on Hangzhou's bikeshare, the largest bikeshare in the world and the first of its kind in China. As of June 29, 2020, Invesco Ltd. held 1.11% of shares outstanding. [])). [25] Kandi's American depositary shares ended Wednesday's session at $9.32, up 140% from Tuesday's closing price. The information agency "Marketing Sentinel" was established at the end of 2004. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. [2], In February 2013, Kandi and Shanghai Maple (a 99% subsidiary of Geely Auto) announced the establishment of a 50:50 electric vehicle joint venture, Zhejiang Kandi Electric Vehicles Investment, with an initial registered capital of 1 billion yuan (US$160 million). Kandi Technologies Group, Inc. (KNDI): What is good about stock? [28], The Kandi EV CarShare is a carsharing program in the city of Hangzhou. Kandi Technologies Group, Inc. (NASDAQ:KNDI) has a beta value of 2.55 and has seen 1,017,549 shares traded in the last trading session. Kandi Technologies Group, Inc. (NASDAQ:KNDI) has a beta value of 2.55 and has seen 1,017,549 shares traded in the last trading session. Read more: 200-plus money managers pay thousands to set eyes on Jim Osman's stock buy list. Shares in iQIYI, Inc. (IQ) 7.11 % up, YTD, An in-depth look at the Avantor, Inc. (AVTR) stock. Year-to-date, Kandi Technologies Group, Inc. shares have moved 25.79%, while the 5-day performance has seen it change -5.25%. About Kandi America. Shares of Kandi Technologies have surged as much as 350% from Tuesday's close, fueled by the Chinese electric-vehicle maker's announcement that it will launch two cars in the US next month. Shares of Chinese electric-vehicle maker Kandi Technologies (NASDAQ:KNDI) soared in trading on Wednesday afternoon, after the company announced that … Its 41.4 kWh battery give it a top range of 302 km (188 miles). The bikeshare has since spread from Hangzhou to 19 Chinese cities including Shanghai and Beijing. © 2020 Benzinga.com. Stock quotes by finanzen.net. [3] The joint venture is planned to focus on the research and development, production, marketing and sale of electric vehicles in the Chinese mainland. [24], A total of 1,215 Kandi EVs were sold in China during the first quarter of 2014, and an additional 4,114 during the second quarter, representing a growth of 238%, and total sales of 5,329 units during first half of 2014. Kandi acquired Sportsman Country LLC for $10 million in June 2018. Earnings growth for 2020 is a modest -23.5%. Kandi has partnered up with Geely to sell EVs under the Gleagle brand. It generates revenue through EV parts and off-road vehicles. "Kandi changes that and revolutionizes the EV-buying experience for many. [26], Kandi secured US$105.8 million financing through the National Economic and Technological Development Zone of Rugao City in May 2017. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.9% over the past 5 years. Market data powered by FactSet and Web Financial Group. The two Kandi models in question, called the K23 and K27, are small, affordable electric cars intended as urban commuter vehicles. [4] Mr. Shufu Li, Chairman of Geely Auto will be appointed to be the first Chairman of the JV Company and Mr. Xiaoming Hu, Chairman & CEO of Kandi will be appointed to be first General Manager. ", Read more: GOLDMAN SACHS: Buy these 26 stocks now to crush the market as an 'overvalued' dollar continues to weaken in the months ahead. Learn how and when to remove these template messages, promotes the subject in a subjective manner, Learn how and when to remove this template message, "Kandi launches cheapest EVs in US, $13,000+ after incentives", "Geely subsidiary signs joint EV venture deal", "Kandi Technologies Corp's Zhejiang Kandi Vehicles Co Ltd Enters Into Joint Venture Agreement With Geely Automobile Holdings Ltd's Guorun Automobile Co Ltd", "Kandi Technologies Reports the Kandi Brand JL7001BEV Four-Passenger Pure Electric Sedan Vehicle to be Delivered for Public EV Sharing System in Hangzhou", http://www.aimpact.com/article/eng/Geely-Auto-00175-sells-JVs-to-Geely-Holding-0376244850, http://www.youngchinabiz.com/en/new-energy-geely-dumps-evs-byd-wins-back-shenzhen/, "Kandi teams up with Geely Group for the Global Eagle Brand", "Kandi Technologies Bags Largest Single Electric Vehicle Order Ever", https://www.globenewswire.com/news-release/2017/12/18/1263448/0/en/Kandi-Vehicles-to-Acquire-Jinhua-An-Kao-Power-Technology-Co-Ltd.html, "Kandi Technologies Acquires Sportsman Country, LLC", https://finance.yahoo.com/news/kandi-pure-electric-vehicle-project-133700081.html, "Kandi Technologies Unveils All-Electric SUV Geely Global Hawk EX3 in Hangzhou", "Kandi Pure EV Model EX3, K23 Included In China's Approved Directory Of Purchase Tax Exemption For New Energy Vehicles", "Kandi Pure EV Models EX3 and K22 Qualify for Full $7,500 U.S. Federal Tax Credit", "Kandi Model K23 Production Launched by Kandi Electric Vehicles (Hainan) Co., Ltd", "The Electric Vehicle Maker in China That Grew Over 200% Sequentially", "Kandi (KNDI) Receives Third 2015 Government Subsidy Payment for EV Sales", "Kandi Technologies Announces Initial Launch of RMB 730 Million Supply Chain Finance Program", "First Batch of Kandi's EX3 Model Pure EV Launch on Market", "Kandi Crush: An Electric-Car Vending Machine From China Could Upend The Auto Industry", https://finance.yahoo.com/news/kandi-signs-framework-agreement-zhejiang-133300591.html, https://finance.yahoo.com/news/kandi-jv-company-signs-cooperation-133200262.html, "Kandi Technologies Third Quarter 2017 Financial Results", "Kandi Technologies Reports Full Year 2017 Financial Results", "Kandi Technologies Reports First Quarter 2018 Financial Results", "Kandi Technologies Reports Second Quarter 2018 Financial Results", "Kandi Technologies Reports Third Quarter 2018 Financial Results", "Kandi Technologies Reports Full Year 2018 Financial Results", China Evergrande New Energy Vehicle Group, China Association of Automobile Manufacturers, https://en.wikipedia.org/w/index.php?title=Kandi_Technologies&oldid=983764368, Wikipedia articles in need of updating from August 2019, All Wikipedia articles in need of updating, Articles with peacock terms from August 2019, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 October 2020, at 03:18.

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