$30,000,000 / 12036=$2500/case. Kndi car sold for about $5700 according to their last earning report. each car take one battery sound about right. I assume those batteries are only used for car making not for the garages, which operated by different company.
Last Pearson's articles pushed KNDI up 5%, which is Oct 4, 2013. You can check it out yourselves.
"If you took the time to read the article, you would quickly realize that KNDI is now just a heartbeat away from reporting some incredible events. When you read my followup article (I am not going to telegraph its release, you will know just how really close this is about to happen. If you were short 3.3 million shares, it should be obvious that you need to scare out as many sellers as possible before that last move up to $9.20 just looks like an "uptick"."
I think he should write another one.
Good point. Here is what I found out: Pearson article Jan 2013: "Trina Solar: As Debts Come Due, $14 Billion In Off-Balance Sheet Liabilities". Trina Solar (TSL) was about $5 then.
"In short, the macroeconomic environment in China is perfect for a company like Kandi.
Societal trends are also very strongly in Kandi's favor. All one needs to do is look at the explosion of U.S.-based electric car maker Tesla Motors (NASDAQ: TSLA) to witness the trend toward clean, no emission automobiles. The green trend is a global phenomenon that's in its infancy. Companies like Kandi are at the forefront of this trend."
"The company started out as a manufacturer of small electric recreational vehicles such as ATVs and go-carts. It has since partnered with Geely Automobile to manufacturer low-priced electric automobiles. The partnership received the seal of approval from China's government in June, and the first 100 low-priced electric cars were delivered to Hangzhou City's car sharing program in August.
The Chinese macroeconomic environment, consisting of a massive population base and government incentives for electric vehicles, sets up the perfect conditions for Kandi's expansion. The government has agreed to pay $9,800 toward the purchase of electric vehicles. These subsidies will continue until 2015 and are paid directly to automakers who offer the incentives to consumers."