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Stock Market & Financial Investment News

News Breaks
September 19, 2013
10:57 EDTKNDIKandi jumps after detailing China's electric vehicle subsidies
Chinese electric vehicle maker Kandi Technologies (KNDI) is rallying after the company announced that the Chinese government had instituted new subsidies for electric vehicles. WHAT'S NEW: Under the plan, the Chinese government will provide about $9,800 in subsidies towards the purchase of all-electric passenger vehicles and about $81,700 in subsidies towards the purchase of electric buses, Kandi stated. The subsidy payments will be distributed to the manufacturers on a quarterly basis in advance and the subsidies will then be paid by the manufacturers directly to the consumers, Kandi added. "The pure electric vehicle is still the main focus in the policy, which will be very beneficial to a variety of Kandi's pure (electric vehicle) projects," said Kandi CEO Xiaoming Hu. TODAY'S PRICE ACTION: In mid-morning trading, KAndi jumped 90c, or 16.5%, to $6.40.
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April 14, 2014
10:12 EDTKNDIKandi announces plan to launch public EV sharing pilot in Shanghai
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