Kandi Technologies (KNDI) reported earnings results after the bell tonight that were just OK. This is one of many “green” companies where traders are currently making bets on the potential rather than current earnings and sales. If you believe that China will be as ambitious with its electric car initiatives as it has been with solar, then a trade in KNDI down here probably makes sense for the long haul. Just a couple months … Read the rest
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Bullish Triangle Breakout Alert: Kandi Technologies (KNDI)
There isn’t much to get excited about in the world of green stocks these days particularly in the China based plays, but there are a few (make that very few) promising setups out there. While we wait for a bottom in the solar plays.. and wait.. and wait .. and… we continue to see bullish technical patterns in green stocks such as Westport Innovations (WPRT), Greenhunter Energy (GRH) and GT Advanced Technologies (GTAT). There is … Read the rest
Kandi Technologies (KNDI) Reports Solid Quarter On Go-Kart Growth
The key for longer term growth for Kandi Technologies (KNDI) is sales of electric cars in China. While the company continues to build on that strategy, sales remain strong in its legacy go-kart and ATV business. The company reported a profitable quarter with very good quarter over quarter non GAAP EPS growth of 75%. However, revenues remained stagnant over the year ago quarter.
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"Kandi … Read the rest
Kandi Technologies (KNDI) Surges After Announcing Strategic Partnership With Hangzhou Electric Vehicle, Bottom Is In
I believe the bottom is in on Kandi Technologies (KNDI) with today’s 20%+ surge on news it will expand its relationship with Hangzhou Electric Vehicle Service which opens the door for Kandi electric cars to be used in a pure electric vehicle pilot program in the Hangzhou province (around 20K vehicles). In addition to ensuring that the electric vehicle infrastructure meets Kandi’s technical and infrastructure needs, HEVS will also leverage and promote Kandi’s unique “Express … Read the rest
Kandi Technologies (KNDI) Acknowledges Accounting Error, But It Doesn’t Affect Revenues
Kandi Technologies (KNDI) sent a letter to shareholders yesterday indicating that in fact the company did have accounting errors, but that they have no impact on revenues for 2009 and 2010. The error affects unit volumes and come as a result of a recategorization of certain models and a translation of China accounting standards to US GAAP. The company has filed a copy of the letter with the SEC and will amend its annual report.… Read the rest
Kandi Technologies (KNDI) Unveils New KD5011 Electric Car
Kandi Technologies (KNDI) unveiled its new KD5011 electric car at a grand opening ceremony for Hangzhou’s first New Energy Vehicle Showroom on March 29th. The KD5011 is a government approved all electric car that improves upon earlier models with better range. The affordable vehicle (below $5k after government subsidies) in theory will be able to travel up to 150 miles on a single charge.
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"Hangzhou … Read the rest
Kandi Technologies (KNDI) Announced 1000 Electric Car Order For Rome
Kandi Technologies (KNDI) announced yesterday that it received a purchase order for 1000 pure electric vehicles for the Italian market from Share Corp. The vehicles will be used in Rome initially to help curb pollution in the city. The two companies will work together to bring electric cars to other major European cities.
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"We believe that, in the future, Kandi EVs will appear throughout Europe," … Read the rest
Kandi Technologies (KNDI) Launches New Lithium Battery Powered Car Which China Govt Says Is Eligible For Subsidies
Shares of Kandi Technologies (KNDI) began surging about three hours ago after the company announced it launched their lithium ion battery based electric car, the KD5011, which features a range of 200 – 230km per charge. The previous model (KD5010) used a lead-acid rechargeable battery and had a driving range of 100-150km per charge. They also announced that the new model is eligible for national subsidies of up to $9K per vehicle in all … Read the rest
Kandi Technologies (KNDI) Sells Out First Lot Of Electric Cars In China
Kandi Technologies (KNDI) is reporting that following the grand opening of Jinhua City’s first battery charging and replacement farm, consumer sales of its all electric car have begun and the company immediately sold out of the first 20 that were available. The all electric Model KD5010 is aimed at city driving with a compact size and price tag of just under $6K. It aims to be a key component in the electric car revolution in … Read the rest
Kandi Technologies (KNDI) Posts Strong Growth
Kandi Technologies (KNDI) reported strong results this morning posting an EPS of .06 on revenues of $9.9 million. No analysts currently cover the company to compare results. That’s a 500% jump in EPS and an 80% jump in revenue over the year ago quarter. Its top selling product, the all electric COCO LSV, accounted for nearly half of its revenues with most of that coming from sales in the US.