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Kandi Technolgies Group, Inc. Message Board

corstrat 7 posts  |  Last Activity: Nov 28, 2014 7:52 AM Member since: Aug 9, 2002
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  • September 2014 the global electric vehicle "best-selling model": hear the wind in first place
    Car Source: Business News Network Date: 2014/11/28 Editor: lingzhongruComments Traditional

    September 2014, China Condi electric car sales by leaps and bounds, Condi EV sales (statistical agencies here in the yield calculation) behind champion Nissan Leaf, the gap is only 23. This is the first time a Chinese electric vehicle among the world's best-selling series. BYD Qin has been ranked the top ten electric car sales.Condi and BYD two brands have become the world's top ten electric car manufacturer.

    Most of the top ten models are able to correspond with the top ten brands. Condi EV growth is still the most eye-catching person, BYD Qin also won ranking sixth in the world. The top ten models in September total sales of 38,243 vehicles worldwide, mostly in the first three quarters of the cumulative total sales of 229,828 vehicles.

    The first one: Nissan Leaf

    September sales: 6,794 units. January-September total sales: 44,848 units.January-September total sales ranking: 1.

    Section 2: Condi EV

    September sales: 6,771 units. January-September total sales: 15,835 units.January-September total sales rank: 6.

    Section 3: Mitsubishi Outlander PHEV

    September sales: 3,915 units. January-September total sales: 24,304 units.January-September total sales ranking: 2.

    Section 4: Tesla ModelS

    September sales: 3,827 units. January-September total sales: 21,486 units.January-September total sales ranking: 3.

    Section 5: BMW i3

    September sales: 2,152 units. January-September total sales: 11,271 units.January-September total sales rank: 7.

    Section 6: BYD Qin

    September sales: 1,700 units. January-September total sales: 9,473 units.January-September total sales rank: 8.

    Section 7: Chevrolet Volt

    September sales: 1,579 units. January-September total sales: 16,429 units.January-September total sales ranking: 4.

    Section 8: Toyota Prius PHEV

    September sales: 1,451 units. January-September

    Sentiment: Strong Buy

  • If they sell 1000 of each of the three current EV's per month. Total revenues will exceed $1 billion. That's right. Just 36,000 cars next year which is about 20% of current capacity.

    The SMA7000BEV 2door EV sells for 133,000rmb ($21,700 US), the 4door SMA7001BEV sells for 143,000 rmb. ($23,300 US) and the new SMA7002BEV announced yesterday will sell for 245,000rmb or $40,000 US.

    Since KNDI sells the parts to the JV since they own Yongkang Scrou, the maker of the EV motors, AC, Controllers, and other EV parts, and now are JV partners with China's largest Battery manufacturer, Tianneng Power, KNDI not only will split the JV profits which should work out around $1.75 per share, but also make an additional profit from the sales of the parts

    With KNDI's exceptionally strong balance sheet with over $60 million in cash, $203 million in current assets and only $100 million in current liabilities, plus over $40 million in available credit facility, KNDI has no need to raise any additional cash.

    BTW, the current China Subsidies pays up to 70% of the cost of the cars. So 36000 should be pretty easy.

  • corstrat corstrat Nov 26, 2014 9:43 AM Flag

    Shanghai Maple was sold by Geely, Just like the new Changxing was sold by KNDI to the JV. KNDI owns 50% of the JV, but owns 100% of Yongkang Scrou who makes all the Electric motors, AC's, Controllers, Generators and other ev parts that make up about 45% of the completed car. (see pg 9 of the 10Q) That is why KNDI sells the parts to the JV.

    Sentiment: Strong Buy

  • (Excerpt from research note out today in China- You can get the link from my Stocktweet on the subject)

    Automotive industry symposia / takeaways: Electric is the clear trend in the Chinese market

    Category: Industry research institutions: Goldman Sachs Gao Hua Securities Company Limited Researcher: Yang Yipeng Date: 2014-11-26

    "...Low-speed electric car companies and other enterprises are potential new entrants.

    Because of the new energy vehicles (especially electric vehicles) require different competitive, we expect China's auto industry, potential new companies from entering the low-speed electric car companies (are rapidly upgrading its products and technologies) and other non-traditional businesses (as we visited an automotive design business plans to soon launch its own electric vehicles). Therefore, we expect the electric car market competition will be different from the current passenger car market.

    The main components of the electric car companies most likely to benefit.

    Because of the electric car will drive electric vehicle batteries, battery management systems, lightweight components, the demand for electric motors and other key components of the growth in car, so we believe that China's major parts manufacturers will benefit from the power of the trend. During the investigation, we also observed that these "early bird" parts enterprises are able to expand and technical preparation (acquired or self-developed) by producing a substantial growth in the future to actively preparing for new energy vehicles demand.

    Motorized might reshape the automotive industry as a whole.

    In our view, the electric car is the clear trend in the Chinese market, and may reshape the automotive industry as a whole; in our coverage, BYD / Geely (through its joint venture with Condit's) and other independent electric car leader in the most favorable position."

    Sentiment: Strong Buy

  • corstrat corstrat Nov 26, 2014 7:31 AM Flag

    Confirmed yesterday. The new EV that was announced yesterday is a (Geely) Volvo C30 conversion that will sell for around 240,000rmb or $40,000 US and will NOT be included in the Carshare, but instead initially sold for Government and Enterprise Fleet use. But will likely enter the consumer market through Geely's 1000 China and 500 Global dealers not long thereafter.

    Government is the hot area for now due to the July Mandate by the PRC that All Government sectors from the PRC down to local level are required to have 30% of their vehicles EV's by the end of 2016. That number will be in the several millions. PRC also put a cap on allowable cost of around 370,000rmb or around $60,000 US. If KNDI, who currently is the EV leader in China only gets 100,000 share, add $4billion US to JV sales (but don't forget, KNDI will supply the parts to the JV so in addition to half the JV net income, a few billion dollars will also go to KNDI directly.

    Sentiment: Strong Buy

  • corstrat corstrat Nov 9, 2014 11:13 AM Flag

    What's great about the timing of the ER is that Tuesday we should see the short interest jump to over 8 million, or over 30% as a percentage of float, considerably higher than TSLA's relative short has ever been. But what is so great here is that even stock hot money players will want to be long before the Analyst SH meeting on Wenesday. Effectively confounding the old adage of "Sell on the news".

  • Last year Q3 the Company did some $17.2 million in Revenues and a GAAP loss of $7.7 million or ($.21) per share. So lets face it, no matter what they come out with for Q3 this year, the comparables Monday morning will be exceptional and likely cause a quick move to new highs. Maybe not by weeks end, but likely years end.

    What is of most importance in a young rapidly growing company is consistent growth. Due to the structure of KNDI and its JV partners, the Company does have some flexibility in placing sales. If Mr. Hu is smart (and I have grown to believe he is), any top line over $40 to $50 million and bottom line positive for Q3 14, will have little extra positive effect on the sustainable stock price appreciation. And too big a number will do nothing extra in the intermediate term but raise accusations of "book cooking" by adversaries since we have no evidence of currently available markets to immediately place such large number of cars. I personally would much rather see a $40+ million Q3 with a second consecutive quarter of positive GAAP income, followed by a $75 million Q4 and leave the 9 digit quarters to begin in 2015.

    Lets be realistic. We know that KNDI's capacity will be approaching 500,000 units H1 2015, so we likely make a case for 100k units or possibly more sold for next year, (which btw was a projection I made in an article two years ago for 2015) so lets not be in a hurry.

    After 7.5 years involved with KNDI, no one is more ready to see KNDI appreciated with a deserved multi-billion market cap, than I, I have waited this long, I can wait another year or two so the market cap can be justified and future phenomenal consistent growth relied upon.

    Anyway, if history holds true, we will get the numbers before the market Opens on Monday.

    JMHO

KNDI
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