Kandi +5.8% after announcing Shanghai EV deliveries

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

Kandi (NASDAQ:KNDI) has delivered 208 EVs for the launch of a Shanghai car-sharing program. The cars were sent to rental stations within Shanghai's Jinshan district for immediate use.

Kandi previously announced plans to offer EVs for car-sharing programs in Shanghai, Beijing, and Chengdu, to go with its existing efforts in Hangzhou. The company owns an indirect 9.5% stake in ZZY, the operator of the Shanghai program.