up from here ?
Something to make up for the 20% haircut for the shelf offering. Lots of good news came in Aug (except the shelf on 29th). Rumor about $16 billion infra funding, July production numbers, earnings release, all ran it up to $21.
EV expo starting on friday should give some boost right ? When the heck is the Hongzhou local subsidies coming !!
I can feel it....Hongzhou subsidies, charging stations expansion, new partnerships, Aug production, news from EV expo later this week. They are ramping up production big time for a reason. The shelf was done for a reason.
there is no support at 100 MA at $15 clearly.
lets see tomrrow.
Kandi Technologies updates progress on Hangzhou public EV system
Kandi Technologies announced that the construction of pure EV smart vertical parking and charging facilities for public EV sharing system is "right on schedule." According to the updated progress report, there will be five pure EV smart vertical parking and charging facilities completed in the coming September. By the end of 2013, 30-40 pure EV smart vertical parking and charging facilities are expected to be built in Hangzhou City, Kandi said.
why ? Why $10 ? Longs are posting many many reasons why KNDI is a great buy now. What is your argument for $10 ? Subsidies are stopping ? China is giving up on smog and EV ? There is no expansion left for KNDI ? China no longer mandating 500k EVs by next year, and 30% of govt vehicles to be EV ?
year ago this month, Kandi launched CarShare (aka "Micro Bus"), a personal, intracity, EV transportation system that provides EV rental service at a cost less than a taxi, while resolving the issues of range anxiety, ownership, insurance, battery charging, parking or garaging, and environmental disposition of batteries. CarShare provides automated EV rental at airports, train stations, hotels, business centers, selected residential areas, any place that is the focus of commuter traffic.
CarShare was launched in Hangzhou, the fourth-largest metropolitan area in China with a metro population of 20 million, and since has been launched in Shanghai. Representatives from China's new energy vehicle pilot cities visited Kandi earlier this year to learn about CarShare, and Kandi is in discussion with Beijing, Chengdu, Zhuhai, Chongqing, Suzhou, and Nantong City about initiating CarShare.
just need some news from company or China. And we all know EV news is very positive moving into 2015. Sept is going to be very strong due to tax break.
Some news that could come very soon that make pop this up -
 China to levy tax on gas to fund EV infrastructure - as per BYD chairman.
 China to build $16 billion EV infrastructure - as per bloomberg
 Expansion to other cities - as per Hu in last earnings release
 Aug production numbers
He raised $71M for a reason. You will soon see.
they did the shelf...the need the $ to expand production to meet upcoming demand. I would expect news very soon from Hu.
this is what he said on the Aug 18th when he announced delivery of 208 vehicles to Shanghai car share -
The official launch of Shanghai Jinshan Car-Share Program has demonstrated the expansion of Hangzhou Car-Share Program into other major cities in China as the most preferred business model for EV development. We anticipate to see more and more cities adapting the Car-Share Program and Long-term Group Leasing Program in the near future.
Comments out of China from BYD Company's Wang Chuanfu are creating a stir in the electric vehicle industry.
Chuanfu maintains that a new consumer tax on gas is being considered by Beijing.
He notes that even a 0.2 yuan per liter tax adds up to "hundreds of billions" which could be funneled by the government to support EV infrastructure and development programs.
Chinese carmaker BYD Co Ltd , backed by U.S. billionaire Warren Buffett, posted a 15.5 percent drop in first-half net profit on Sunday as sluggish sales of gasoline cars offset a surge in its electric vehicle business.
However, BYD's revenue from new energy vehicles, which include electric or plug-in hybrid cars and buses, surged more than 10-fold to 2.7 billion yuan, helped by a slew of government incentive policies to encourage the use of green vehicles.
PR can come ANYTIME...could be Monday, could be next week. Could be some news coming out of the EV Expo that starts on Wed next week. Hongzhou subsidies apparently are due for announcement next 1-2 weeks.
can't paste the article here...search it up. I put it in the kndi private yahoo board.
BEIJING, Sept. 7 (Xinhua) -- Chinese car makers produced 11 times as many new energy vehicles in August 2014 as they did in August 2013, as the government rolled out more support for the sector, new data has showed.
They made a total of 5,191 of the green vehicles last month, the Ministry of Industry and Information Technology said in a statement.
For the first eight months of the year, total production more than quadrupled to 31,137 units.
New energy vehicles include pure electric cars and plug-in hybrid electric vehicles.
During the January-August period, output of pure electric passenger cars soared nearly 700 percent from a year earlier to 16,276 units and that for plug-in hybrid passenger cars climbed about 12 times to 6,621 units.
Output of pure electric and plug-in hybrid commercial vehicles went up by 55 percent and 91 percent, respectively, the statement said.
China has rolled out a raft of measures to encourage the use of new energy vehicles in its bid to save energy and combat pollution, including tax exemptions, subsidies for car purchases and requirements for government bodies to buy of the cars.
In July, the government announced that new energy cars will be exempted from a 10-percent purchase tax from Sept. 1, 2014 to the end of 2017.
However, new energy cars still account for only a tiny proportion of China's total auto output.
In the first seven months, the country's automotive industry produced 13.3 million vehicles, according to the China Association of Automobile Manufacturers.
and why the big uproar about the secondary ? Everyone does it that that is small/mid cap. That is the only way they can grow and expand.