Kandi Tech makes electric vehicles. They have a unique business model, though. No plugs on these cars. Instead they are utilizing what KNDI calls "Express Change" stations where you will drive to a changing station and a professional will change out the old, drained battery and put in a new, fully charged one. It's a brilliant concept as it allows KNDI (and it's affiliates) to sell both the vehicle as well as the energy source.
But it honestly doesn't matter if KNDI has a financially viable business as the Peoples' Republic of China (PRC) declared they will lead the charge of the EV future. And when the PRC says something is going to happen, it happens. Check out more analysis on my website at chineseipos.squarespace.com
I think it will break through 52-week highs by the end of the year.
The major cities of China are full of smog. In Beijing only cars with odd or even license plates can even drive into the city depending on what day it is.....per local government orders to control the smog. When electric vehicles from KNDI become available for rent or to buy in Beijing and local governments pose no restrictions on their movement because they do not add to the smog.... these vehicles will be in high demand and likely subsidized by the government.
I am long for the long haul.
There are risks but the rewards may be 20-30 times current price on a 5 to 6 year horizon.