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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.
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.
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 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.).
The stock of new energy passenger vehicles in mainland China is the largest in the world, with 20.41 million plug-in cars in use at the end of 2023, accounting for 91% of all vehicles in circulation in China. All-electric cars account for 93% of the plug-in vehicle market.
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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.
Stock. Price. Market Cap. Albemarle. $115. $13.509 billion. Sociedad Química y Minera de Chile. $45.43. $12.977 billion. Lithium Americas. $3.04. $660.197 million