U.S. Markets closed

Kandi stock bounces off 16-month low after introducing all-electric utility vehicles

·1 min read
Kandi stock bounces off 16-month low after introducing all-electric utility vehicles
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Kandi Technologies Group Inc. bounced 3.8% in morning trading Wednesday, after the automotive and powersports manufacturer introduced the K32, its first off-road all-electric utility vehicle. There are two versions of the K32, one with a standard range of up to 60 miles priced at $27,699 and another with a range of up to 150 miles priced at $34,499. Deliveries are expected to begin in the first quarter of 2022. "Kandi has produced off-road recreational vehicles for decades and is now u