Kandi +5.3% following bullish SA article


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.

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Comments (1)
  • Michael Brando
    , contributor
    Comments (29) | Send Message
     
    Figures SA would try to take credit for the move even though China Gov't came out today and said only domestic EV mfg'rs (i.e. KNDI) would get tax credits and be included in gov't sales stimulus program. Not foreign car makers
    21 Jul 2014, 12:10 PM Reply Like
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