Kandi +10.9%; 4,114 EVs sold in Q2

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

Kandi's (NASDAQ:KNDI) 50/50 JV with a Geely subsidiary sold 4,114 Kandi-branded EVs in Q2, a 238% increase from Q1. (PR)

The company declares it has "achieved success" for its EV-sharing and group-leasing programs, and suggests the government's decision to waive a 10% sales tax on EVs from Sep. 2014 through the end of 2017 is boosting demand.

Full Q1 results arrive on Aug. 14.