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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:10 EDTKNDIKandi Tech forms joint venture with Geely Auto to create new EVs in China
Kandi Technologies announced that on February 1, the company's wholly owned subsidiary, Zhejiang Kandi Vehicles has signed a cooperation framework agreement with Shanghai Maple Guorun Automobile, a 99% owned subsidiary of Geely Automobile, to establish a joint venture company, named Zhejiang Kandi Electric Vehicles to engage in the investment, research and development, production, marketing and sales of electronic vehicles in China. Pursuant to the terms of the framework agreement, the JV company will be owned 50% by Shanghai Maple and 50% by Kandi Vehicles. The registered capital of the JV company will be RMB1,000,000,000, and with 50% to be contributed by each party. Upon the establishment of the JV company, the JV company will acquire certain assets from Kandi and Geely Auto in order for the JV company to process the necessary properties, assets and technologies to conduct the EV business. The board of directors of the JV company will consist of four directors, of which two will be nominated by Kandi Vehicles and two will be nominated by Shanghai Maple. Mr. Shufu Li, Chairman of Geely Auto will be appointed to be the first Chairman of the JV Company and Mr. Xiaoming Hu, Chairman & CEO of Kandi will be appointed to be first General Manager. Each appointment is for a term of three years.
News For KNDI From The Last 14 Days
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December 18, 2014
09:07 EDTKNDIKandi Technologies sells 700 electric vehicles in China
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December 17, 2014
11:38 EDTKNDIOptions with increasing implied volatility
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09:22 EDTKNDIOn The Fly: Pre-market Movers
HIGHER: Auspex Pharmaceuticals (ASPX), up 83.1% after Phase 3 trial of SD-809 met primary efficacy endpoint... Volcano (VOLC), up 55.3% after Philips (PHG) announced it will acquire the company for $18.00 per share... Paramount Gold and Silver (PZG), up 35.9% after announcing a merger agreement with Coeur Mining... Cerus (CERS), up 17.8% after FDA approves Intercept Blood System... American Apparel (APP), up 15.5% after terminating Dov Charney for cause... TASER (TASR), up 6.1% after LAPD purchases 860 AXON body-worn video cameras... Idera Pharmaceuticals (IDRA), up 5.9% after being called a top 2015 small cap pick at Piper Jaffray... Kandi Technologies (KNDI), up 7.5% after selling 1,000 electric vehicles to Chengdu City... Stillwater Mining (SWC), up 2.7% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: FedEx (FDX), down 3.5%... Joy Global (JOY), down 1.7%. ALSO LOWER: POZEN (POZN), down 13.1% after receiving a second complete response letter from the FDA for Yosprala... Cliffs Natural (CLF), down 13.1% after price target cut to $1 from $10 at Credit Suisse... Coeur Mining (CDE), down 2.8% following merger agreement with Paramount Gold and Silver.
09:04 EDTKNDIKandi Technologies sells 1K EVs to Chengdu City for $21.5M
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December 16, 2014
11:34 EDTKNDIKandi partner Geely sees sharply lower 2014 profit, Reuters reports
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December 15, 2014
12:29 EDTKNDIKandi unit in purchase agreement with Tianneng Power International
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