Tag Archives: kndi

Chinese Electric Car Maker Kandi Seals 4,000-Car Deal

Are China’s electric car sales getting a little charged up? Kandi Technologies Group (KNDI), a Chinese maker of budget and car-sharing electric vehicles, has inked a new sales contract worth $89 million that significantly steps up its pace and plumbs the possibilities of online electric car sales. Kandi said Monday that its joint venture with Geely Automobile Holdings, called Kandi Electric Vehicles Group, has signed a sales contract with Zhejiang

‘I Want Kandi,’ China Says As Electric Cars Get Boost

Kandi Technologies Group (KNDI) said its electric car joint venture nabbed a $44.3 million subsidy from the Chinese government during the second half of last year. The Jinhua, China-based Kandi Technologies Group is China’s top-ranked company in terms of pure electric vehicle sales and production figures. Its joint venture, Kandi Electric Vehicles Group, is run by it and Geely Automobile Holdings, the Chinese car manufacturer. The Kandi subsidy

China Electric Car Maker Kandi Sputters In Q1 As Growth Slows

Shares of Chinese electric car maker Kandi Technologies (KNDI) were down 7% in morning trading Monday after the company posted a smaller Q1 revenue gain than in the prior quarter and slim profit for its EV joint venture. Revenue rose 9% from the year-earlier quarter to $43.8 million and net income of 7 cents per share, up 108%, Kandi said in its report before the market open. In Q4, year-over-year revenue soared 80%. The Nasdaq-listed maker of