- Kandi's (NASDAQ:KNDI) EV JV has delivered 700 EVs to an auto distributor in the city of Guangzhou. The sale will produce revenue of RMB90.2M ($14.5M); that implies an ASP of $21.4K. Buyers will have access to matching national and local government subsidies.
- Yesterday, Kandi announced the delivery of 1K EVs to Chengdu. For reference, the EV JV sold 1,950 "EV products" in Q3, and had 4,114 EV sales in Q2. A 10% purchase tax exemption went into effect in September.
Kandi +3.1%; 700 EVs delivered to Guangzhou
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Symbol | Last Price | % Chg |
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KNDI | - | - |
Kandi Technologies Group, Inc. |