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Kandi Technologies Surges on U.S. Approval to Sell Electric Vehicles

M. Corey Goldman

Shares of China-based Kandi Technologies Group Inc. surged on Wednesday after the U.S. National Highway Traffic Safety Administration gave the nod for the carmaker to sell its electric vehicles in the United States. Kandi shares jumped more than 40% on the Nasdaq Stock Exchange after the NHTSA said it had approved the company's request to sell its Model EX3 and Model K22 EVs in the U.S.