Tag Archives: kndi

Kandi Technologies (KNDI) Gets Order From China Postal Service For 60 Electric Vehicles

Kandi Technologies (KNDI) announced that the Postal Service in the Chinese city of Hangzhou has ordered 60 all electric vehicles designed for the Postal Service.  The more than $600K deal may be the first phase of much larger deals to come from other cities especially since the car  was recently approved by the government.  Hangzhou is one of five cities in China in which the government has agreed to offer significant subsidies and incentives to … Read the rest

Another Kandi Technologies (KNDI) EV Receives Chinese Government Approval

Kandi Technologies just announced that another one of its EV models, the Model KD5010XXYEV, has been approved for sale in China. In a , the company wrote that it expects this model to be much widely adopted than the previous models it had for sale, since it is well-suited for both families and government agencies such as post offices and power companies.

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Kandi Tech (KNDI) Reports Strong Results, But Future Depends On Electric Car Growth

Kandi Technologies (KNDI) reported strong earnings results this morning with an EPS of .04/share on revenues of $8.25 million.  That’s a big improvement over the year ago quarter in which the company reported a loss of .03/share on revenues of $4 million, but no so impressive when you compare it sequentially.  The company had been reporting accelerating revenue growth with $4 million, $5.5, $9.6 and $14.7 million over the last 4 quarters, so the $8.25 … Read the rest

Kandi Technologies (KNDI) To Sell COCO Electric Vehicle In China

Kandi Technologies has just announced that, after an extensive testing process, they have received government approval to sell their COCO electric vehicle to Chinese consumers and government agencies.

In a press release, Mr. Xiaoming Hu, Kandi’s Chairman and CEO, commented on the news:

“This was a long awaited announcement for us, culminating years of effort to develop and market in China an economical all electric vehicle meeting government standards that could become one of … Read the rest

Kandi Technologies (KNDI) Bringing New Tax Credit Eligible COCO Model to America

Kandi Technologies, Corp just announced that it will be introducing a new COCO model electric car, the COCO KD18E hardtop, to the American market. The vehicle will be distributed by Kandi’s US distributor, SOLUS INTERNATIONAL CORPORATION, and Kandi has received confirmation from the IRS that it will be eligible for a 10% tax credit.

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In a press release Mr. Xiaoming Hu, Chairman and CEO of the … Read the rest

Kandi Technologies (KNDI) Forms Electric Vehicle Partnership To Speed Adoption In China

Kandi Technologies (KNDI) is surging about 15% in premarket trading today after announcing it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power (aka “Alliance For Chinese Electric Vehicle Development and Commercialization”) to speed up the commercialization and adoption of electric cars in China. 

Kandi which specializes in the manufacturing of electric vehicles and other non traditional vehicles spearheaded the new alliance and has support of the government.  CEO Xiaoming Hu commented, … Read the rest

Kandi Technologies (KNDI) Reports Earnings, Shares Surge Again

Kandi Technologies (KNDI) which is ramping up production of its all electric COCO vehicle and made its first sale to the China postal service last week, reported earnings this morning that were about flat with the year ago quarter. The company says that the impact of the global recession is slowing which will be good for the company, but they continue to focus on China where the recovery is moving faster.  They did acknowledge … Read the rest

Kandi Technologies (KNDI) Makes First Sale Of Its COCO Electric Car In China

Kandi Technologies (KNDI) is announcing this morning that it has sold the first 30 of its all electric COCO super minis in China to the local postal service in Jinhua City.

The CEO called it a milestone event that could represent the beginning of a long relationship with the Postal Service in China nationwide.  The government has urged other public services to upgrade their vehicles as well to cleaner, fuel efficient options, so there are … Read the rest

China’s Kandi Technologies (KNDI) Gets US Tax Credit Approval For COCO Electric Car

China electric car manufacturer Kandi Technologies (KNDI) is announcing this morning that the US Dept of Treasury has approved its low speed, convertible electric vehicle for meeting the requirements of a Qualified Plug-In Electric Vehicles which gives purchasers of the vehicle a tax credit of $4,434.  It should be noted that this is only valid for this year, but the company is confident the certification will be extended to next year.

Said the CEO, “While … Read the rest