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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: Julius Wong11/29/2016 9:40:28 PM
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Kandi discloses EV subsidy payment, shares +50% in five sessions
  • Kandi Technologies ( KNDI +10.4%) is moving higher again to extend on its recent rally.
  • The company says its EV unit received a second subsidy payment of RMB100 M from the Hainan provincial government.
  • "This second timely subsidy payment from the Hainan Provincial Government has helped to ensure the continued progress of EV research and development at our Hainan facility," says CEO Hu Xiaoming.
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