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Kandi Technolgies Group, Inc. Message Board

corstrat 6 posts  |  Last Activity: Aug 1, 2014 8:58 AM Member since: Aug 9, 2002
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  • corstrat corstrat Aug 1, 2014 8:58 AM Flag

    I can confirm this is what Mr. Hu told me in Hangzhou last Sept. at lunch with our entourage when I asked him the service life he expected from the rental and leased EV's. His rationale was: The existing subsidy program still has residual payments made on/or on behalf of the rental EV's four three years. He also expected there to be a continuation of some sort of subsidy program at least through the end of the decade. With this in mind, he felt it made more sense to (using his words) "recycle the cars by crushing and reusing the raw materiel's", rather than worrying about providing maintenance of older vehicles.

    Sentiment: Strong Buy

  • KNDI’s risk of advancing its own subsidies for the past two years finally pays off. They just got their first Subsidy check from the PRC at over $10,000 per car. It is not the amount right now that is important, it is the VALIDATION by the PRC that KNDI’s small cars are fully entitled to the subsidies. KNDI’s raw costs including batteries is around $11,000 ave per car. According to this PR, it appears that the Hangzhou additional subsidy has not been paid yet, but will have to be under the agreement the PRC has with its approved Cities based on other media comments since the subsidies were approved last Sept. This should now open wide the expansion, not only in Hangzhou, but throughout the whole PRC.

    While this only covers 1000 cars in Q1, remember, in just April and May, they produced over 3000 cars, This guarantees a huge second quarter.

  • The author tried to get this published by SA as a full article but was rejected as you can see from his comment at the bottom of the article. Obviously because SA is partial to short sellers.

    To find the article. Go to Seeking Alpha and copy and past this headline into the search field.

    Short Kandi - A Misplaced Bet?

  • Reply to

    Typical KNDI low keyed PR.

    by corstrat Jun 5, 2014 10:01 AM
    corstrat corstrat Jun 5, 2014 10:19 AM Flag

    The annual cost, (paid back to KNDI thorugh subsidy) is only a deposit of a total of around $500 paid back at end of lease. Yes the cost to the China lessor is FREE.

    Source Article below

    Hangzhou to promote new energy vehicles meet the private rental market inflection point Time :2014 -06-05 06:05

    Reuters electric car era, as one of the pilot cities nationwide demonstration of energy-saving and new energy vehicles of the first 13, the field of electric vehicles in recent years carried out a variety of Hangzhou car model "for electricity", private leasing business to try. This time, Hangzhou has a new action.

    Recently, Zhejiang Geely Holding Group Co., Ltd. and Condi Technology Group established a joint venture in Zhejiang Kandi Electric Motor Co., Ltd. will Condit electric car into a street of Hangzhou West Lake District Zhuantang Xiangshan community, with more than 400 households in the community Residents signed a three-year agreement car owners only need to pay 3,675 yuan and 1,000 yuan deposit insurer, you can put an electric car to go home.

    Hangzhou Economic and Information Committee, deputy director, said in an interview 郝志毅 Community "group rent" for the promotion of new energy vehicles in Hangzhou has opened up a whole new mode, following the "micro-bus" again "to eat crabs." "China has not anyone done this before, I hope you can open a new path for the promotion of electric vehicles."

    Xiangshan Community drink "head saliva."

    Pay deposit insurance and drove home

    As long as the insurance to pay 3675 yuan and 1000 yuan deposit, you can put a new electric car home, so things do you believe?

    Recently, the reporter

  • This size of this program for Hangzhou alone this year is around $360 mil for 25k evs Below is the source article in China..

    Hangzhou creates the first pure electric vehicle demonstration communities

    Source: Science Daily
    09:55 May 29, 2014
    positioned is not allowed.

    28th morning, 100 "Condit" brand pure electric vehicles by Condit EV group in zhuantang, Hangzhou Xiangshan Street ' customers – "Let every household with a pure electric vehicle". This is the first pure electric vehicle demonstration communities.

    The model takes the form of long-term lease electric cars, popularization of pure electric vehicles. Simply pay a small fee per year, you can rent electric vehicles, even the rent for three years, insurance borne by Condit company, located in Hangzhou can be used for charging station charges. Xiangshan district 707 households the rental formalities and now almost every house were leased EV.

    "This is to explore the new business models for the development of pure electric vehicle" Condit EV Group President Herman Hu Shao told the Science Journal said on urban electric vehicle development is positioned is not allowed. Our urban micro-bus mode, combining long-term leasing and renting for a short time, crack the barriers to development of electric vehicle. This model can let nature return transport, change transport habits, improve efficiency in automotive use, opens up a new paradigm for development of new energy vehicles, to Hangzhou green transportation, low carbon living offers more choices.

    Condit electric vehicle jointly developed by Geely kangdi automobile group. Condit EV group plans to establish 10 EV model communities in Hangzhou this year, promotion of about 25,000 in pure electric vehicles, will invest more than 2 billion yuan of funds for that purpose..

  • 2.1 April-saving and new energy vehicle production up by 108%

    It is energy-saving and new energy automotive network (certificate caliber), 2014 January-April of energy-saving and new energy vehicles (excluding natural gas vehicles) output reached to 14,538, in 2014 the annual output is expected to exceed 50,000.

    April 2014, the domestic auto companies produced a total saving and new energy vehicles (including EV, PHEV, HEV) 4706, an increase of 108%.

    By type of energy: where hybrid (HEV) car 667, new energy vehicles (EV \ PHEV) 4039 vehicles.

    By models of: passenger cars 3790 (80.5%), bus 846 (18%), special vehicles 70 (1.5%).

    Passenger: the 2014 January-April pure electric passenger car production increased by 163% to 6833 units. Pure electric passenger car manufacturers, the yield of the top three were Condi car industry (2679 units), Chery (2718 units), Chung-tai (607 units).

    2014 January-April of hybrid passenger car production up by 86.7% to 4,353, plug-in hybrid passenger car manufacturers Libiyadi 1860 units produced before April primacy, GAC Toyota in 1898, the first non-resident units plug-in passenger car production enterprise.

    Condit's two small electric run have been produced since 5190 commissioned in December 2013, the average monthly production in more than one thousand, two cars were equipment 21.12kWh lithium iron phosphate batteries, in addition jianghuai IEV, Zotye E20, BYD e6, BMW also about 1E 50 or more per month. April plug-in hybrid produced a total of 784 passenger cars, BYD Qin 4 per month more than 700, Chong Fat Single month since a new high of cloth.

    April import data show that total imports Tesla Model S 53, total imports of 60.

    Aspects of passenger cars: 2014 January-April of pure electric passenger car production increased by 151% to 874 units. Pure electric passenger car production enterprises, production ranks first for BYD (362 units).

    January to April of hybrid passenger car production fell 33.6 percent to 2,23

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