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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.
News For KNDI From The Last 14 Days
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August 18, 2014
08:22 EDTKNDIKandi Technologies volatility expected to move on car production report
Kandi Technologies volatility is expected move on electric car production soared in China, Xinhua reports. September call option implied volatility is at 73, December is at 72, January is at 74; compared to its 26-week average of 87 according to Track Data, suggesting decreasing price movement.
06:51 EDTKNDIElectric car production soared in China, Xinhua reports
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August 15, 2014
15:41 EDTKNDIKandi Technologies volatility at low end of two-year range
Kandi Technologies September call option implied volatility is at 73, December is at 72, January is at 74; compared to its 26-week average of 87 according to Track Data, suggesting decreasing price movement.
August 8, 2014
17:27 EDTKNDIKandi Technologies files to sell 1.43M shares of common stock for holders
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August 7, 2014
13:43 EDTKNDIKandi Technologies August volatility elevated at 115
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