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Kandi Technologies (KNDI +25.4%) soars after saying Hangzhou City has begun construction on the...

Kandi Technologies (KNDI +25.4%) soars after saying Hangzhou City has begun construction on the first of 30 planned electric vehicle vertical parking and charging facilities, setting the stage for the deployment of "5-10K Kandi pure EVs … within one year from the initial launch." SA contributor Tom Konrad's advice: Shares of KNDI "should be a rental, not a purchase or even a long-term lease." (PR)
Comments (4)
  • Dirk McCoy
    , contributor
    Comments (665) | Send Message
     
    While Tom said KNDI should be a rental, I said it could be a great opportunity long term because the problems are significant (pollution, need for more comfortable/capable transport than electric bikes) and Kandi's (Condit's) technology and relationships give it an inside lane in this race. And I believe the bumps it runs into (and it will run into bumps like any company) will be surmountable. In addition to the same bumps, smaller and larger competitors face the problems of insufficient capitalization or excessive overhead, and while this is no guarantee that KNDI will win a dominant market share, it provides confidence that it will be a significant participant, and the size of the market is so large that I believe this will translate into many tens of thousands of vehicles, with the potential for much more than that which would drive a many multiples increase in revenues and profits. I'm not sure how many other public companies fit this profile...
    17 Jun 2013, 02:02 PM Reply Like
  • SoldHigh
    , contributor
    Comments (983) | Send Message
     
    Most stocks are rentals
    17 Jun 2013, 02:28 PM Reply Like
  • tgar13
    , contributor
    Comments (184) | Send Message
     
    If they can induce a few other pilot cities to sign
    On with them and develop rental programs
    Then that would lead to hundreds of thousands of
    Potential orders of Low Speed EV's. Given subsidies
    Won't be forever look for more cities to sign on sooner
    Than later....they have the Capacity to build
    One hundred thousand Cars annually!
    KNDI is the "leader" in Municipal based EV rentals in China!
    17 Jun 2013, 04:49 PM Reply Like
  • tgar13
    , contributor
    Comments (184) | Send Message
     
    http://bit.ly/ZZ48Bh

     

    Read This .... days are numbered for ICE automobiles in China.
    The middle class is demanding clean air and More convenient transportation and less traffic....and it seems the government is heeding their call!
    17 Jun 2013, 10:57 PM Reply Like
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