Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Kandi, Not Tesla, Will Dominate China’s Electric Car Market: StockTwits

NEW YORK (TheStreet) — Electric vehicle manufacturer Kandi Technologies (KNDI_) revved ahead Wednesday as investors reacted to a Chinese-language report showing the strength of Kandi’s electric vehicle business.

The report, which many translated via Google, indicated that Kandi small electric vehicle production reached 1,565 cars in May. Tesla (TSLA_), for comparison, imported 532 cars, according to the translated article.

The news came in the wake of a series of bullish articles on the Chinese electric car industry. The Wall Street Journal reported Saturday that China is changing how it offers green sales subsidies to electric car makers, making it easier for companies to sell cars outside their local province. Reuters reported that BMW will deliver electric cars to China in September, and executives believe the country will quickly become the biggest market for electric vehicles.
More thestreet.com

Share

Leave a Reply