$32.00 a little over a year ago. Now consider China and the mere numbers regarding population. KNDI will certainly surpass 30,000 in short time. So to put a $50.00 price on them w/o any P/E is justifiable. Analysts will soon begin to adjust their prices for KNDI as sales continue growing. The fact they need more plants to manufacturer also let investors know the Government is positioned in favor of this product replacing 16+ milion gross polluters and has begun fining for that pollution generated by gas vehicles.
This concept is in infancy and will rocket just like Tesla did.When? I'd say by next ER and shorts by then will have filed out orderly! I see no reason why UPGRADES don't begin well before March 2015. You want to own this now because any strong news will send it to all new highs.
Kandi Technolgies Group Incorporated
Daily Short Sale Volume
Short Interest (Shares Short)
Days To Cover (Short Interest Ratio)
Short Percent of Float
Let's not forget the SEC investigation that up to now has found nothing to legally hold Kandi Tech. liable for after a year of searching. Individuals may be brought to justice but Kandi the corporation will not be guilty of any wrong doing.
Maintaining subsidies will help China reach the goal of putting half a million "new-energy vehicles"--including battery electrics, plug-in hybrids, and hydrogen-fuel cell vehicles--on the road by 2015, and 5 million by 2020.
China is now forcing those who pollute to pay hefty fines for old vehicles that violate emissions . EV companies are now able to double the MPC miles per charge and manufactures that recieve subsidies are being rewarded. Many of the sales subsidies have yet to be recognized by the manufacturer but should be reporting those receivables this Q. Kandi stands to benefit greatly for an additional 6 years while Gov. back subsidies continue!
Averages out to a million EVs a year for 5 years compared to just a few thousand last year. Kandi STRONG!!
China's willing to spend 44 BILLION US dollars to clean up the emissions problems over next 5 years!
Absolutely correct, Chinese supporting their own and eventually Alibaba will incorporate EVs into their business. Partnering with Kandi, a local company also shows the Government their willingness to support the countries decision to help clean up China's growing emissions problems, a HUGE pet peeve of Jack Ma.
The car costs will better as well spotlighting EV's over gas and the ranges that batteries can now produce. Mr. Ma is smart and will will use his advertisement connections to make Kandi a household name while again supporting fellow Chinese businesses.
I just picked up another 825 and will add every opportunity.
by them. If an announcement of a public transportation vehicle used in China is released and it's a Kandi EV you can forget ever being below $20.00 again. If Mr. Hu is granted a contract by the Chinese government to produce any style buses capable of carrying 8,10,12, passengers much like the US is doing with natural gas transportation and receives subsidies this is a GOLD MINE! Can't wait to see the first model and if it's scale-able into larger sizes!
KNDI will certainly be recognized by all at that point.
R&D investment in EV is enormous, but both Kandi and Xin Dayang are still in the early stages. However, by combining their expertise, I believe they can strengthen their capability in R&D and accelerate EV development to compete globally.
China has a little different mind set in that they will share a common goal of equity in destroying out side competitors in EV market share by secretly working together. Love it!
By Bonnie Cao Jan 13, 2015 8:32 AM PT 0 Comments Email Print
China’s Ministry of Finance will reduce subsidies for “traditional” vehicles as part of government efforts to boost development and sales of renewable-energy cars, Caixin reported.
The government will also “improve” fuel-subsidy policy for buses this year, Caixin said on its website on Jan. 13, citing Zeng Xiaoan, head of the ministry’s economic development department, who spoke at an electric-car forum.
The change will also build on efforts by China, the world’s biggest carbon emitter, to fight pollution and cultivate the local electric-vehicle industry, which includes BYD Co. (1211), which makes electric and hybrid cars and buses.
The nation will accelerate building EV charging facilities, Caixin said. Chinese consumers have been reluctant to switch to EVs because of reliability concerns and a lack of charging infrastructure.
Elon Musk took the stage Tuesday at the Detroit Auto Show, speaking at the Automotive News World Congress at the Renaissance Center in Downtown Detroit.
He dropped a bomb right away when he said that Tesla sales are down in China for the fourth quarter of 2014.
That sent Tesla stock into a tailspin after-hours, down 6% to $192.
The problem, according to Musk, is perception: potential Chinese customers don't think China's charging network is sufficiently built-out to ensure that the cars can cover significant distances. He said that perception has been dealt with.
In fact, the Chinese charging network is slated to expand, but it's currently not nearly as extensive as what Tesla has in the US and Europe.
If China doesn't adopt Evs soon and ban gas emissions they won't have a need for any vehicles period the country will be toxic beyond livable and disease ridden!
I think aza is correct in one stand point that this surprise may have had a bigger effect if was released when they were in production. This type of manufacturing requires an assembly line to change it's normal build and can costly if it's a one time product. Now what would seal investors confidence is forward looking potential orders from Mr. Hu or certain plants that can handle custom style builds leading those to believe this is ongoing for Kandi. Hu is smart but sometimes He fails to grab the readers attention or in this case the investor until it's a bit too late.
Government Endorsement & Incentives
Kandi Car-Share has been endorsed formally and publicly by the highest levels of the Chinese gov't, with the MIIT Minister Wan Gang saying in a widely disseminated speech that Kandi car-share is recognized as a critical component of the Chinese public transportation system. He also promised further infrastructure support from the PRC gov't in the near future.
It was a not-too-subtle nudge directed at the provincial officials who haven’t met their electric vehicle quotas yet, which is one of the 5 priorities of the current 5-Year Plan. More than half of the 88 EV-authorized cities had already contacted Kandi before Minister Wan’s endorsement, which was already above and beyond the existing government policies designed to incentivize consumers to buy and use electric vehicles, such as the 10% sales tax waiver, free unlimited parking for EV’s, and restrictions on license plates and city access for non-EVs.
Car Share Program
Kandi has no competition yet, and can make strong demands of local governments which have a mandate to do business with them. Kandi has at least a 2-year head start on all possible competitors, and will have signed agreements with almost every metropolitan area in China before anyone else can organize a similar business, much less test and debug it as Kandi already has.
Not sure what your highest level of education might be but I'd take these few paragraphs very serious!!!
Most approved cities have yet to come on board with the government mandate of reduced emissions and alternative vehicles such as EVs. If there are 88 approved cities and only one is acting does this mean many others are in the pipeline? C'mon it's clear that Hu is in with China government.
Very good points. If indeed they are being sought after by all the other cities that have mandates to buy EVs and now have a finished product ready to build it's going to accelerate growth faster than ever!
Yes, it's as though the Government is advertising for Kandi! I've never seen anything quite like it but it's one step further in Kandi becoming a world leader in EV manufacturing.
While the Chinese government has set an ambitious target of having 5 million new energy vehicles (including hybrids, fuel cell vehicles, PHEVs and BEVs) on the roads by 2020, according to the China Daily, only 70,000 are presently in use.
China has announced it will discount electric vehicles (EVs) and other “new energy” cars from purchase tax, which currently stands at 10% of the net value of the car.
All buyers of electric vehicles will be free of paying the levy from September to the end of 2017. This new incentive is one of a number of measures put in place by the Chinese government to push EVs into the mainstream.
nterestingly, Tesla Motors are still contemplating which Chinese company to partner with; a decision likely to be made by the end of 2014. Tesla’s leading technology and ambition, supplemented by these new government incentives could be the catalyst China has been seeking to spark an electric revolution.
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When Q is released and subsidies accounted for plus new plat opening and an actual figure for production in 2015, ROCKET!
Many traders believe that Market-Makers (MMs) will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are from one MM to another.
100 I need shares.
200 I need shares badly, but do not take the stock down.
300 Take (or I am taking) the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock
By ER the news will have hit and sales of Kandi for 4th Q ending 2014 along with record revenues will eliminate all shorts in about ten days. That's how many days it will take to cover Y A!
I agree 100% with David. The Market looks for companies like Kandi to create doubt in investors minds and this allows Shorts to earn short term respect and profits. It's the suprise bomb shell PR that will boost Kandi to all new highs. That PR will be the release of record sales in the coming Qs. Any positive earning puts Shorts at risk for a +$ 4.00 - $10.00 movement if you follow past charts. Now factor in the first positive Quarter and you now get multiples of 4x to 8x earnimngs!