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TK Shih

TK Shih
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  • 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. [View news story]
    Whether a EV company makes or break depends a lot of the reliability and safety of the battery they use. Most of the major EV produces have neglected this aspect and poured in $billions in R&D for producing the EV but not the batteries. The slow market penetration is partly due to all the negative news of battery safety and performance. If end users are not happy with the EV they buy you don't get any referrals.

    You should focus more on who Kandi's battery suppliers are? Even though the battery capacity they are using is much smaller compared to main steam models from Renault/Nissan or GM or Ford but they still need to perform. China battery industry have focusing more on the medium end of EV batteries and they have not acquired high tech production know-how required to produce high end lithium battery packs for EV. They company that wins the race in selling EVs will need to have access to the right battery suppliers and China right now is not the place where you can find good EV lithium battery. That is why WanXiang (A huge Chinese battery company) is trying to cut short the learning curve by acquiring the trouble US battery company A123 system. Kandi won't be able to afford the expensive Japanese of Korean EV battery packs.

    Aug 14, 2012. 02:18 AM | 1 Like Like |Link to Comment
  • U.S. regulators will reportedly hold a forum next month on lithium-ion batteries, nearly a year after a fire emanating from a crash test of a Chevrolet Volt threw a bright spotlight on safety in the sector. EV-related plays: F, GM, TSLA, NSANY.PK, AVAV,ECTY, GACR.PK, KNDI, NRG, ZAAP.OB, AONE. [View news story]
    If that is the findings why is GM considering redesigning the battery pack? Any ideal why they have stop production of the Volt for 5 weeks? Is it merely due to slow sales? Any ideal why there is virtually no news from Better Place and their EV launch?
    Apr 21, 2012. 07:13 AM | Likes Like |Link to Comment
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