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Kandi - Chinese To Restrict Driving In Beijing By 50%

|Includes:Kandi Technologies Group, Inc. (KNDI)

Listening to the radio (NPR) this morning I heard that the Chinese Government has decided to restrict driving in Beijing by 50%, with a rule that allows only odd or even license plate numbers to drive on alternating days. Has anyone else heard any more about this? It should bode well for Kandi's for EV car sharing program.

It appears this is a much larger move then in the past, where driving was reduced by 20%.

Disclosure: I am long KNDI.

Stocks: KNDI