Why Kandi Technologies, Inc. Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Kandi Technologies Group (NASDAQ: KNDI  ) were getting a bounce today, climbing as much as 11% before finishing up 4% after word that its electrical vehicle sales were improving.

So what: The Chinese maker of EVs, ATVs, and other specialized vehicles said deliveries of electric cars were set to jump to 2,800 in the fourth quarter. The news seems to represent a tipping point for the company. CEO Hu Xiaoming said, "In 2014, we expect our EV business may surpass our legacy go-cart business and become a major revenue generator for the Company." Hu also noted support from the government as driving new business.

Now what: The new-found growth in electric vehicle sales seems to be a result of an expanding car-sharing program in the world's No. 2 economy, as a nascent network in the city of Hangzhou aims to put 100,000 EVs on the road, and Kandi is expected to be the principal provider of vehicles for the car-sharing project. Given the potential in electric vehicles in general, and the explosive growth possibility in the burgeoning car-sharing network in particular, Kandi seems like one stock to keep your eye on. That kind of potential is enough reason for me to give it a thumbs-up in CAPS. You can stay informed on Kandi new by adding the stock to your Watchlist here.

What else is popping in China
U.S. automakers boomed after World Wwar II, but the coming boom in the Chinese auto market will put that surge to shame! As Chinese consumers grow richer, savvy investors can take advantage of this once-in-a-lifetime opportunity with the help from this brand-new Motley Fool report that identifies two automakers to buy for a surging Chinese market. It's completely free -- just click here to gain access.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2776295, ~/Articles/ArticleHandler.aspx, 9/25/2016 8:24:03 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
KNDI $5.64 Down -0.03 -0.53%
Kandi Technologies CAPS Rating: ***