Kandi Technologies Group, Inc., through its subsidiaries, designs, produces, manufactures, and distributes electric vehicles (EVs) products, EV parts, and off-road vehicles in the People's Republic of China and internationally. Its EV parts comprise battery packs, body parts, EV drive motors, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.
Kandi Technologies Group, Inc. (NASDAQ: KNDI) revealed Thursday that Kandi Electric Vehicles Group Co., Ltd., its joint venture with Geely Automobile Holdings Ltd., achieved strong sales results in pure electric vehicles in the second quarter ended June 30, 2016. As a result, the company expects to top its earlier sales outlook of 5,500-6,000 EV products by about 10 percent.
The stock chart of Kandi Technologies Group Inc (NASDAQ:KNDI) is extremely bullish. Anytime investors see a sharp move up, followed by choppy sideways action, it is a positive sign. Kandi Technologies has this beautiful setup and will likely head higher in the coming days. In addition, there is a trend line break that can be watched for a trigger. Note the down-sloping trend line that makes up the top of the triangle. When Kandi Technologies breaks above that line, the buyers will sweep in and the stock will surge. The upside is $8.00 from a current price of $5.26.
Big pop higher today +35% Chinese electric automaker Kandi shares rocket 40% higher on approval to import cars to the US The NHTSA approved Kandi Technologies Group to ship its Model EX3 and Model K22 cars to the U.S. Kandi's stock rocketed up in Wednesday trading. The Chinese electric automaker believes its cars "are competitive in price and quality" to electric vehicles in the U.S., the company said.