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RE: Kandi Technologies Group, Inc.
| 24.11.2020, 14:13 (Dieser Beitrag wurde zuletzt bearbeitet: 24.11.2020, 14:38 von boersenkater.)
BARRON´S
A Tiny Electric Vehicle From China Is on a Wild Ride in the Market
Last Updated: Nov. 23, 2020 at 7:55 a.m. ET
First Published: Nov. 20, 2020 at 1:59 p.m. ET
Kandi Technologies Group, a Chinese producer of gas-powered all-terrain vehicles and electric-car parts, embodies the promise—and potential pitfalls—for investors in the electric-vehicle sector.
The Nasdaq-listed company is no Tesla (ticker: TSLA). Its market capitalization is a modest $932 million, and last year it reported barely selling any electric cars. But Kandi’s (KNDI) share price has surged this year on the promise of sales of its cars in the U.S.
It has been a bumpy ride, The stock nearly doubled in the first four days of the past week, after an announcement from the Texas Commission on Environmental Quality that two models that Kandi plans to launch in the U.S. qualify for tax rebates. Then, on Friday morning, the shares plunged more than 20% after the company said it would raise $100 million through a private placement of stock—the second market-jolting placement in two weeks. By midday, the loss was pared to 13%, with the stock at about $12.60 Volatility is only one of the reasons for investor caution...
https://www.marketwatch.com/articles/kan..._headlines
![[Bild: im-262779?width=1260&size=1.5]](https://images.barrons.com/im-262779?width=1260&size=1.5)
A Tiny Electric Vehicle From China Is on a Wild Ride in the Market
Last Updated: Nov. 23, 2020 at 7:55 a.m. ET
First Published: Nov. 20, 2020 at 1:59 p.m. ET
Kandi Technologies Group, a Chinese producer of gas-powered all-terrain vehicles and electric-car parts, embodies the promise—and potential pitfalls—for investors in the electric-vehicle sector.
The Nasdaq-listed company is no Tesla (ticker: TSLA). Its market capitalization is a modest $932 million, and last year it reported barely selling any electric cars. But Kandi’s (KNDI) share price has surged this year on the promise of sales of its cars in the U.S.
It has been a bumpy ride, The stock nearly doubled in the first four days of the past week, after an announcement from the Texas Commission on Environmental Quality that two models that Kandi plans to launch in the U.S. qualify for tax rebates. Then, on Friday morning, the shares plunged more than 20% after the company said it would raise $100 million through a private placement of stock—the second market-jolting placement in two weeks. By midday, the loss was pared to 13%, with the stock at about $12.60 Volatility is only one of the reasons for investor caution...
https://www.marketwatch.com/articles/kan..._headlines
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