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Kandi Technologies Group, Inc. (Chinese: 康迪) is a Chinese manufacturer of batteries and electric vehicles. The company is listed on the NASDAQ stock exchange under the ticker symbol KNDI. [3] It was founded in 2002 in Jinhua, Zhejiang [4] by Hu Xiaoming.
Source: Carrie Fereday / Shutterstock.com KNDI stock is up 2.5% today to $3.41 a share on this news. The increase in the share price is welcome for Kandi Technologies.
Q3 revenues decreased to $29.9 million, from $36.4 million in the same period of 2023. Nine-month revenues of $89.8 million slipped 5.7% year-over-year. Off-road vehicles and associated parts in Q3 were the primary source of revenue, decreasing by 9.2% y/y to $27.5 million, compared to $30.2 million in the same period of 2023.
The Kandi K27 is the first vehicle in the company's history to be sold in the United States along with the larger K23 outside the Chinese market. As a result, federal tax breaks, at $12,299 for the cheapest copy, the K27 is the cheapest new electric car to buy in the country.
The electric system of the Kandi K23 is made of a battery with a capacity of 41.4 kWh, which provides a maximum range of up to 280 kilometers per charge. [2] Replenishing the full condition of the batteries takes about 7.5 hours.
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1. Albemarle. Albemarle (NYSE: ALB) is a specialty chemicals manufacturing company based in Charlotte, North Carolina. Its specialties division, which includes lithium, accounted for about 16% of ...
The Tesla Model Y is the first electric vehicle to become the world's best-selling car in 2023, outselling the Toyota Corolla. [1]Battery electric vehicles are vehicles exclusively using chemical energy stored in rechargeable battery packs, with no secondary source of propulsion (e.g., hydrogen fuel cell, internal combustion engine, etc.).