Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products, as well as electric scooters and electric self-balancing scooters. Kandi Technologies Group, Inc. has a strategic cooperation agreement with Jiangsu Jinpeng Group Ltd. to jointly develop the EV market in China. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.

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