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Stock Market & Financial Investment News

News Breaks
July 7, 2014
08:25 EDTKNDIKandi announces JV receipt of about $31.8M new energy vehicle subsidies
Kandi Technologies announced that the manufacturing subsidiary of Kandi Brand electric vehicles, Kandi Electric Vehicles Group has received a national subsidy of approximately $31.8M for sales of over 3,000 Electric Vehicles. EVs, between June and December in 2013 and sales of over 1,000 EVs during Q1. The subsidy payment includes the 2013 year-end subsidy and advance subsidy payment for Q1. The JV Company is a 50/50 joint venture between Kandi and Shanghai Maple Guorun Automobile Co., Ltd., a 99% owned subsidiary of Geely Automobile Holdings Ltd., one of China's largest automakers. Additionally, the city of Hangzhou, where the company has launched its innovative short-term EV rental and long-term EV leasing program, is expected to announce its local subsidy policy for new energy vehicles in the near future.
News For KNDI From The Last 14 Days
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November 11, 2014
07:32 EDTKNDIKandi Technologies volatility low into corporate analyst meeting
Kandy Technologies overall option implied volatility of 69 compares to its 26-week average of 73 according to Track Data, suggesting decreasing price movement into a corporate analyst meeting.
November 10, 2014
16:44 EDTKNDIOn The Fly: Closing Wrap
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09:43 EDTKNDIKandi Technologies reports Q3 EPS 12c vs. (87c) last year
Reports Q3 revenue $44.21M vs. $17.15M last year. The company said, "The Car-Share Program has been highly recognized and well received by the customers, we believe our EV business model will be expanded to more EV pilot cities in China. We are also thrilled with our recent partnership with Ant Financial Services Group to launch Alipay, including Alipay Wallet services and technology platform, to Kandi's EV end users. We hope to raise the market awareness of the Kandi brand through the 300 million registered Alipay users."

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