[KNDI.OB] KANDI TECHS CORP > 5.05 +0.2 ( +4.12%)
[2007 pink sheet graduate]
Kandi Technologies, Inc. is a PRC (China)-based vehicle machinery producer, concentrating on three areas of small vehicle production: Go-Karts, Special Purpose Vehicles and Casual Purpose Vehicles. At present, it is among the leading producers of Go-Karts in the world, with an estimated 15% share of market and a goal of doubling this share, in large part by becoming the leading producer of this increasingly popular recreational product in China. Focusing on the country's rapid economic development, the Company also sees an increasing need for transportation vehicles for specific purposes, in particular mini-size pesticide spraying vehicles and mini-service vehicles. The Company produces a wide and growing range of All Terrain Vehicles (ATVs) which it believes represent the highest quality vehicles of this type in China, aimed at the export market as well as the rapidly growing market in the PRC. The Company also is focused on the development of fashionable, energy saving mini-cars.
Monday November 19, 4:30 pm ET
Kandi Reports Significant Growth in Third Quarter Sales and Net Income on Continuing Strength of Beach Vehicle Sales
Revenues Grow More Than 470% to Approximately $8.85 Million as Net Income Rises More Than 580% to $871,498 or $0.04 per Share; Company Maintains Outlook for 150% Increase in Full Year Sales and Sees Growth in Net Income to More Than $5 Million
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