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Kandi Technolgies Group, Inc. Message Board

  • ladykbhunter ladykbhunter Aug 28, 2013 1:27 PM Flag

    KNDI Why Electric Vehicles instead of big Oil?? Crude Oil (Brent) USD/bbl. $115.66 +$1.30

    Not pumping. Facts are Facts. EV's don't use oil

    Sentiment: Hold

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    • $5,000 for batteries ....... and guess what , electricity isn't free either , so let's just keep it real

      • 4 Replies to divin4tacos
      • Yes, I like keeping a real. Kandi has 3 primary methods of selling vehicles. The first, which admittedly has not been a stellar success, is direct purchase. The customer buys the vehicle, but not the battery. The battery remains the property of the battery supplier, and is swapped for a new one when it is depleted. The cost of this Is about 1/4 or less that the cost of equivalent gasoline. The second is to a Co that does leasing to the customer. A part of the leasing process is that free battery exchanges are included. (Both os these have been slow, but expected to increase once the PRC subsidies for half the vehicles cost are approved and implemented.). The third, and most exciting,is the short term rental. It involves Kandi selling vehicles to a Co that is putting up garages to store and use to swap batteries. This is like the ZipCar concept. This is already in progress, with garages built. Look at Links for more information on Kandi Private Forum. Don't make the mistake os shorting and paying a premium for Hard To Borrow shares.

        Sentiment: Strong Buy

      • divin4tacos: Do a search for: Coventry Telegraph. On the newspaper home page go to the search box in the upper right corner and put "Electrovaya" in the search box and then Enter. This will bring up an article about only one effort going on in the world to reduce cost and weight of batteries for EVs. This project is to be completed within in 2 years and its goal is to reduce EV battery cost by 50% and EV battery weight by 30%. No, it doesn't guarantee a success at accomplishing those goals. It does illustrate, however, that there are projects currently underway in labs all over the world to achieve similar goals of battery cost reduction and weight reduction. Paired with alternative energy recharging of the batteries through wind, solar, geothermal, wave and biochemical methods and with improved recycling of batteries, Battery To Grid Technology, Vehicle to Grid Technology, etc... the future looks reasonably assured to provide cheaper, better and lighter weight battery power sources for EVs in the future. Now that's what I call "keeping it real " !!

      • The cost of the battery for Kandi EVs depends, of course, upon which model Kandi or Kandi-Geely vehicle you are referring to regarding battery cost in addition to whether or not the consumer is purchasing the vehicle outright, leasing the vehicle or renting the vehicle. Kandi produces Lead Acid powered EV models and Li-Ion battery powered models as well. I believe Kandi-Geely JV EVs are all Li-Ion powered batteries. Different cost would be incurred by the consumer vs no additional cost incurred by the consumer depending upon which option/model is purchased. Fleet sales as for Taxi and Commercial Sales would also reduce battery costs on the consumer end. It is unrealistic to list one price, and without any documentation, as you did by saying "$5,000 for batteries", but at the same time it must be admitted that those who select the outright purchase of the vehicle with the battery included would incur a substantial battery cost if they elected outright full purchase of battery and vehicle. Now to your statement about "electricity isn't free either"... of course not, however some (primarily domestic Chinese potential automotive first time buyers.... er.. 100s of millions) might just be interested in the leasing arrangement parameters provided by Kandi: the availability of free battery exchange as part of the lease package. One of those little details you may have missed in your limited readding about Kandi marketing to the domestic Chinese consumer. Carry on.

      • KNDI does not sell the batteries to the user. They are not a part of the cost of the vehicle.

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