Kandi Technologies higher after report of China gas tax

|About: Kandi Technologies Group,... (KNDI)|By:, SA News Editor

Shares of Kandi Technologies Group (NASDAQ:KNDI) are higher in early trading after BYD Company Wang Chunafu says China is considering implementing a gas tax on consumers.

There hasn't been any official confirmation from the Chinese government on the matter.

KNDI +2.2% premarket