Monday, April 1, 9:44 AM
Kandi Technologies (KNDI +4.1%) rises after reporting a 204% Y/Y increase in electric vehicle sales. The company also said revenue and operating income for the full year rose 61% and 75% respectively although GAAP net income fell sharply on increased R&D, higher taxes, and fair value adjustments of financial derivatives, among other factors.Comment![Tech]
Monday, March 25, 12:21 PM
Chinese electric vehicle and ATV maker Kandi Technologies (KNDI +3%) announces a joint venture with Shanghai Maple Guorun Auto, a subsidiary of Geely Automobile Holdings. Each firm will contribute ~$80M to establish a new company, Zhejiang Kandi Electric Vehicles, which will be 50% owned by Kandi. The new company will "leverage the strength, resources and expertise" of the two parent companies to manufacture and sell electric vehicles and auto parts.Comment![Consumer, Global & FX]
Monday, August 13, 2012, 3:02 PM
Kandi Technologies (KNDI -7.7%) slides after announcing at the China International Green Vehicle Industry Expo that its wholly owned subsidiary, Zhejiang Kandi Vehicles, has signed a Cooperative Framework Agreement for the Promotion of Self-driving Electric Vehicle Rental for Public Transportation in Hangzhou Project with Zhejiang Guoxin Vehicle Leasing Company.
2 Comments[Global & FX, On the Move]
Tuesday, July 10, 2012, 1:01 PM
China plans to subsidize the development of pure-electric and plug-in hybrid vehicles in the nation to reduce the nation's dependence on oil and cut emissions. The State Council's public goal of seeing 5M alternative-energy vehicles produced by 2020, blows away previous estimates and sets the prize high for a company able to knock out a technological breakthrough in the industry. EV-related plays include F,GM, TSLA, NSANY.OB, AVAV, ECTY, GACR.PK, KNDI, HMC, JCI, NRG, ZAAP.OB, VLKAY, and AONE.
10 Comments[Consumer, Global & FX, Energy]
Monday, April 23, 2012, 2:27 PM
The market for electric vehicles appears to be gaining steam in 2012, according to a tally of the most recent round of sales numbers. In Q1, domestic sales of hybrids, plug-in hybrids, and EVs increased 44% Y/Y to 113,457. The pickup in buying activity stands in contrast to an industry mired in a slump last year amid a safety probe on Chevrolet Volts, supply issues, and limited model options.
Tuesday, January 31, 2012, 3:13 PM
Pres. Obama's stimulus package succeeded in kicking up investment and production in the electric vehicles, but the lingering question of long-term success remains unanswered. Investments in the industry by China and South Korea outpace that of the U.S., while it's also unclear if strict mpg rules set for the future will stay in place. But insiders still say ambitious EV goals can be met with longer-range, cheaper batteries to help drivers adopt a new paradigm. EV-related plays: AEF, AVAV, ECTY, F, GACR.PK, KNDI, NRG, NSANY.PK, GM, TSLA, ZAAP.OB.
2 Comments[Quick Ideas, Energy]