+ Watch KNDI
on My Watchlist
KNDI technology though much sub standard than say Tesla, the cost is 1/10 of tesla car which has mass appeal in China due to the high pollution levels in mega cities where these vehicles should sell/rent well. With Chinese government wanting the EV cars industry to be the forerunner in the world and hence the tax incentives provided will provide a big boast to companies like KNDI.
Stop comparing to Tesla: Big difference Kandi sells low speed EV cars (if you call golf cart a car). This vehicles do not require license plate and not regulated by government. Dependent on government subsidy: without local gov't supporting by cash incentives and buying for fleet usage there is very little demand from real consumer. Limited market: Not able to penetrate market outside hometown.
Government subsidized Go-Cart Batteries....WOW!Rental Go-Cart in big China cities....Only a $600M market cap....Telsa's up and coming brother....Gobbs of conviction biased investors/speculators.Shorts get clobbered on a regular basis.What's not to like.....??Sure, they couldn't make a profit off of anything they do, government subsidizes or not...butProfit, metrics, fundamentals, who needs all that crap??
If they can continue growth in China and land another contract with the Chinese Government, KNDI easily soars to 25+
The shift from IE engines to EV has started. KNDI will see a lot of folks getting off the scooter,mopeds, and getting into something safer. KNDI will be the EV for those that cannot afford a TSLA.
They have some big contracts now, and as the demand for clean energy increases, more will become available.
They already have 2 RV towers with 50 coming by EOY. 700 towers to be the target in 4 years. China will embrace the EV as the have severe pollution issues. The lease / rent model is unique and may influence future city development.
Sorry, but I find it hard to believe that this company could have completely overhauled their legacy ATV business to become the premier EV provider in China on just a couple million dollars of R&D spending annually.
This is about the environmentwhere smog aka polution are being addressed. The ICE Internal Cumbustion Engine has had its run. With the target market for the KANDI products being huge megapolus it in China, it is not a stretch to se this company ramping up to achieve major market share very soon and definately over the long run.
Another hyped up EV stock that may have quality issues. I don't like promoted stocks and don't understand their numbers.
Fundamental can NOT support this high price, Cash for operation is imminent, a public offering could happen anytime
Should enviromental concerns prevail, the joint venture with the largest privately held auto manufacturer in China could be profitable -subsidies over the next two years may provide the catalist to this potential.
KANDI EVs in China will upend entire auto industry
Electric vehicles will become the going concern in the future, especially considering the aspect of China needing vehicles
Fresh company expanding into electric vehicles. They are finally completing their public garages where they will mass-rent EV autos and have new government subsidies that will boost sales.
EV China style.
Kandi is well positioned to meet the demand of solutions for smog, parking and traffic crisis and ascendant middle class wanting to trade in electric bikes for electric cars! China has planned for 5 million electric cars by 2020....I suspect hundreds of thousands of these we will built by Kandi and its Joint Venture with Geely and placed in Rental Garages all over the country.....and most people will simply have a card that they can use to Rent a Car .....just like they do with bikes
electric cars are the future. why do old folks still insist on driving gasoline powered cars? actually, my uncle at 65 is already thinking about buying the upcoming Model X. my dad now is also thinking about either Model S or Model X. about China. my relatives are all in China, they love the idea of getting better and clearer skylight in big Chinese foggy cities. So much car-related pollution there, people are fed up with gasoline powered cars already, now the solutions are getting closer with more and more Chinese people thinking in new ways.
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.
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