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Non-Tech : Kandi: An electric car vending machine from China
KNDI 0.858+3.8%Dec 24 12:59 PM EST

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From: Sam12/26/2014 11:32:43 AM
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Kandi now up 21% since Monday's close • 11:18 AM


Eric Jhonsa, SA News Editor
  • Kandi ( KNDI +4.7%) is adding to the week's big gains on a sleepy post-Christmas trading day. 496K shares have thus far changed hands vs. a 3-month daily average of 1.54M.
  • Shares have taken off since Kandi provided details on Tuesday morning about a seminar hosted in Hangzhou ( one of Kandi's EV ride-sharing program cities) that featured CEO Hu Xiaoming and multiple government officials.
  • Among other things, Kandi highlighted favorable remarks from Wan Gang, China's Minister of Science & Technology. "In order to increase the popularity of the electric vehicle, the market shall be ready with the strong infrastructure and government supporting policies ... the Car-Share Program will most likely transform the market demand into the reality.".
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