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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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August 31, 2014
13:49 EDTKNDINomura to hold a forum
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August 29, 2014
16:21 EDTKNDIOn The Fly: Closing Wrap
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12:18 EDTKNDIOn The Fly: Midday Wrap
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09:35 EDTKNDIKandi Technologies raises $71M in a registered direct placement
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August 27, 2014
09:12 EDTKNDIKandi Technologies reports Kandi Brand EV led China's pure EV production in July
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August 26, 2014
09:21 EDTKNDIKandi Technologies volatility expected to move on China mulls more EV charging
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08:56 EDTKNDIOn The Fly: Pre-market Movers
HIGHER: Tim Hortons (THI), up 10.5% after announcing merger agreement with Burger King (BKW), which is up 4% after the news. Burger King CEO Schwartz will become group CEO of the new company and Berkshire Hathaway (BRK.A) has committed $3B of preferred equity financing for the deal... DSW (DSW), up 12% after reporting Q2 earnings beat, FY14 outlook above consensus... Kite Pharma (KITE), up 17% after announcing phase 1-2a results from trial of potential treatment of non-Hodgkin's lymphoma... Mobileye (MBLY), up 4.4% after coverage of stock initiated at several research firms, including Morgan Stanley which started with an Overweight rating and $46 price target and named it a new top pick... Kandi Technologies (KNDI), up 9% following Bloomberg report on Chinese government considering funding for electric car chargers. LOWER: Best Buy (BBY), down 3.7% after reporting Q2 revenue below consensus, Q2 same-store sales decline of 2.7%... Sanderson Farms (SAFM), down 5.9% after Q3 earnings, revenue miss estimates... Movado (MOV), down 5.1% after Q2 revenue miss expectations... DOWN AFTER EARNINGS: Prospect Capital (PSEC), down 3.5%... Trina Solar (TSL), down 7.6%.
07:45 EDTKNDIChina mulls providing $16B to build more EV charging facilities, Bloomberg says
China is contemplating whether or not to provide $16B in government funding to construct charging establishments and boost demand for electric automobiles, according to Bloomberg, citing two people familiar with the matter. The sources said that the policy will be revealed shortly. Kandi Technologies (KNDI) develops electric cars in China, while Tesla (TSLA) is selling its electric vehicles there. Reference Link

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