Shares of Kandi Technologies Group Inc. (NASDAQ:KNDI) jumped again today, this time moving 14% higher after announcing that 4,114 electric vehicles were sold from its Chinese joint venture in the second quarter. That's a 238% increase from a quarter ago, and shows strong demand for EVs, a car-sharing program that allows users to rent cars by the hour, as well as leases for EVs.
The slideshow below gives more detail on Kandi's big move today, along with what investors should be doing now.
Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.