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Everything is going electric in China and they seem well positioned to take advantage of it. Thanks to an article in SA to get me looking at it again. I'm going to nibble in with real money and hope the price goes lower so I can buy more.
It has the battery technology that will lead the electric car production industry in China.
A dictatorial government that enforces whatever it wants + the need for a cleaner environment + a company that can become the Goliath of EVs in China = PROFIT.
Socialist Germany had the VW Beetle. Socialist China will have the Kandi EV
chinese fraud, being actively pumped recently.
EPS Ranking 45
Their cars do not meet the U.S. consumer's idea of what a car should be. More like a glorified electric golf cart. On the positive side, their cars have replaceable batteries which can extend their range, but this concept is much better executed at this bime by Better Place's robotic battery exchange stations and more stylish and powerful Renault Fluence ZE cars.
A Chinese company subsidized by the Chinese government serving a growing Chinese middle class with affordable four wheel transportation likely will repeat the success of the Vespa scooter in post war Italy and later world wide.
Chinese reverse merger fraud.
Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.
This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).Kandi Technolgies Corp. went public via a reverse merger in 2007. The company is based in China.
battery charging strategy, partnership with state elec co
I realize they recently diluted their stock. The company needs to amp up its cashflow to prepare for the EXPLOSION ahead in the Chinese EV auto market. This company will reap vast benefits.
I can remember another company that sold motorcycles, ATV's and the like and when they came out with automobiles the industry gigled as to how silly. Now that same company is on top of the automotive world. The big advantage Kindi Technologies has is many fold:1) They are know by their domestic market customers (farmers) for low-cost vehicles that are useful in the rough terain in China and low cost.2) China is the largest market in the world.3) They don't have to ship-out their product in order to be profitable unlike their counterpart given their domestic market is huge.4) They are keeping within their knowledge and expertise not experimenting unlike what other companies have done (and failed, e.g. E*Trade --> Banking/Mortage).5) Consertative company with their eye focused on their customers.6) Goverment and multi-industry support that is an intanagable that cannot be ignored in your calculations.As an investor this company managed to pull-out a small profit last quarter and engage with goverment and industry support. They are on the cutting edge of technology that has always been hard to put a price on. Low book value and free cash flow make sense when that is all you have going for you to grow the company. You can also throw-out the the P/E ratio. This is from last quarter after riding out a recession in China and the world. This really has absolutly no meaning. I agree with the one investor who is worried about the short run. I guess that is it - short run. You have to be a long investor for this stock. Day traders that shake the trees to loosen investor confidence doesn't work with the long investor. Myself, I am confident with what I have researched and have seen this (your) manuovor applied here and on other message boards and in the volitality of the stock price. When USA Today was first being put together the accounts for years prior to the launch kept telling Ted Turner that USA Today will just will not work. Ted Turner has proven time again that accounts have their place. And thier place is not necessarily having business savy. If you are long, this is one to keep in your books. If you are a day trader, do us a favor and stay off this message board and leave it for the real investors.
The article that came out today in the International Business Times title "China says to subsidize buyers of green cars" is immense for KNDI. Particularly since the article mentions Postal Cars which KNDI has already announced initial deliveries of their Postal Service modified electric Coco. This Government Support is what KNDI needs to reach their goal of 300,000 cars per year as per their website.
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