Tag Archives: kndi

China’s Kandi May Go Public, Pursue Tesla Turf In EVs

Who’ll corner China’s rising electric car market? Kandi Technologies Group (KNDI) is making a run for it in a plan to seek capital, and is also showing signs it might grow to be a competitor to Tesla Motors (TSLA) in the luxury segment there. Despite Tesla’s problems with China sales, it already outstrips Kandi’s EV joint venture in electric-car revenue within the country. With several Chinese domestic automakers competing for sales and brand

Kandi Soars On Sweet Earnings; Musk Tweet Lifts Tesla

Kandi Technologies Group (KNDI) stock jumped nearly 10% in afternoon trading on the stock market today as the China electric car maker, apt to be a rival to Tesla Motors (TSLA) there in the long term, delivered a strong Q4 report. Tesla stock was riding higher too, up 2% intraday, after CEO Elon Musk tweeted Sunday that Tesla would end range anxiety for all Model S drivers with a software-update announcement planned for Thursday. Though it’s not

China’s Kandi, Tesla Foe, Up As SEC Probe Ends

Kandi Technologies Group (KNDI) stock closed up 14% Tuesday at 13.99, one of the top 10 percentage gainers on the Nasdaq. The Chinese electric vehicle maker said Tuesday that a Securities and Exchange Commission investigation into the company ended without any enforcement-action recommendation from the agency. “We are extremely pleased that the SEC has concluded its investigation, particularly since its existence was the subject of much misleading