Kandi Technologies (KNDI) disclosed plans Thursday to deliver 1,000 electric vehicles to start a car-share program in Chengdu, China, as it continues expanding. Shares jumped 4.4% to 16.19 by early afternoon in the stock market today, Thursday. The electric cars are slated to be delivered by the end of the year. More than 14 million people live in the city in southwest China, and Chengdu is the provincial capital of Sichuan. Earlier this month,
Shares of Chinese electric vehicle maker Kandi Technologies Group (KNDI) charged up early Thursday after it announced a milestone in its plan to launch an electric vehicle ride-sharing program throughout China. Shares shot up as much as 13% after Kandi said its SMA7001BEV electric vehicle passed inspection by local officials in Nanjing at the end of September, positioning its joint venture to roll out the first all-electric vehicle car-sharing
Kandi Technologies (KNDI) reported Wednesday a massive jump in the number of pure electric vehicles (EV) produced in China last month. The Chinese maker of electric vehicles, which has a joint venture with Geely, said total EV production soared 631% to 4,035 vehicles in July vs. the same period last year. Of the total, 2,205 were Kandi’s own brand. So far this year, 17,499 pure EVs have been produced. Shares were up 1.2% in the stock market today.