- The 4,114 EVs Kandi (NASDAQ:KNDI) sold in Q2 nearly match the 4,694 it sold over the whole of 2013, notes Michael Nguyen in a bullish column. Likewise, total Chinese 1H14 "new energy vehicle" sales of 20,477 exceeds a full-year 2013 total of 17,642.
- Nguyen is optimistic about the potential of an upcoming 2-door Kandi EV (called Urban Beauty), and notes Kandi has a leading position in the Chinese mini EV market.
- He expects a slew of government initiatives - multiple subsidies, a sales tax exemption, and a mandate calling for EVs to account for at least 30% of government vehicle purchases by 2016 - to bolster the market's growth in the coming years.
at CNBC.com (Oct 10, 2014)