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KNDI - Kandi Technologies Corp - Page 2

post #21 of 42
Thread Starter 
4.77
let's see if it can hold this support level.
post #22 of 42
Thread Starter 
decided to take a stab, picked some up at 4.80, stops in place.
post #23 of 42
Thread Starter 
big EOD buying pushed this back up to 5.24
nice to see.
post #24 of 42
The spike looks like short covering to me. Notice the previous day it was 5.2351 before plunging. If you hold tight and ignore it, usually it comes back.
post #25 of 42

Kandi Technologies, Corp. Says First Quarter Revenues Grew 76% Led by Sales of Go-Kar

First Quarter Net Income From Continuing Operations Advanced 27.5% on Further Improvement in Gross Profit Margins, as Company Ramped up Sales, Marketing and Production Capacity in Line With Continuing Rapid Growth
post #26 of 42

Dutton Associates Announces Investment Opinion: Kandi Technologies Strong Speculative

ROSEVILLE, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of Kandi Technologies (Nasdaq: KNDI - News) increasing its rating to Strong Speculative Buy and a price target of $6.72. The 12-page report by Dutton senior analyst Stanley Ng is available at www.jmdutton.com as well as from First Call, Bloomberg Professional, Zacks, Reuters, Knobias, and other leading financial portals.

ADVERTISEMENT
Kandi recently announced its financial results for 1Q ended March 31, 2008. Total revenue of $9.5 million in 1Q08 represented a robust 76.4% year-over-year from 1Q07 and a 9.2% quarter-over-quarter increase from 4Q07. The respectable sales advance in 1Q08 was led by the excellent reception for the Company’s exciting line of go-karts, as management has focused on delivering more higher priced, higher performance vehicles rather than solely relying on unit growth. We concurred with management’s view that such strategy can help improve margin and effectively alleviate pressure of rising raw material costs on gross margin. The more encouraging aspect revealed in the 1Q08 financial results is that Kandi will launch its high mileage, off highway super mini cars in July and anticipates sales volume of 5,000 to 10,000 for such vehicles in 2008. Based on an estimated selling price of $4,000 per vehicle, revenue of $20 million to $40 million can be generated from super mini car sales. Contribution from super mini cars would be the major revenue and earnings drivers in the coming two years. Our revised revenue and net income forecasts for 2008 are $64.4 million and $6.7 million respectively, rising sharply to $98.6 million and $11.1 million respectively in 2009. Diluted EPS are now $0.33 for 2008 and $0.56 for 2009. We are upgrading our rating from Speculative Buy to a Strong Speculative Buy on the stock.
post #27 of 42

kndi - first shipments of "super-mini car" hits U.S.

Excitingly Designed for Off-Highway Driving, Open-Top, Gas Powered Automatic Two-Seater Low-Speed Vehicle Delivers Up to 60 Miles per Gallon and Driving Range Up to 300 Miles per Fill Up

China-Based Manufacturer Kandi Technologies, Corp. Says It Will Soon Expand New Super Mini Car Line to Include an Electric Open-Top Low-Speed COCO, and Gas Powered Hardtop COCO for Highway Use; Forecasts COCO Sales of at Least 5000 Vehicles by Year End

JINHUA, CHINA--(MARKET WIRE)--Aug 12, 2008 -- Kandi Technologies, Corp. (KNDI - News), one of China's leading designers, manufacturers and exporters of all terrain vehicles (ATVs), utility vehicles (UTVs) and its number one exporter of go-karts, announced today that the first shipments of its exciting new, gasoline powered, off-highway low-speed super mini cars, that can achieve up to 60 mpg, have begun to arrive in the U.S. It expects shipments will continue to build in succeeding months to meet anticipated strong customer demand.

Source: Kandi Technologies, Corp.


(click to enlarge)
The sporty fuel efficient Kandi COCO coming off the line at the new Kandi Technologies Corp. super mini manufacturing facility in Jinhua, Zhejiang Province, China.

· The MacReport.Net



The Company said that sales, marketing and distribution in the U.S. of the new COCO super mini are being handled by Solus International Corporation, based in Lynnwood, Washington, which has a large, well developed sales network of automotive distributors, dealers and major retailers throughout North America.

Mr. David Irvine, VP of Sales of Solus International, stated, "The interest and response from our sales network to the arrival of the COCO has been tremendous. With an anticipated sales price to consumers of about $9,900, the COCO delivers outstanding value in a fun and highly stylish package to consumers who are tired of high gasoline prices for local commuter driving."

"Further," Mr. Irvine said, "Kandi's reputation for delivering high quality vehicles, as reflected in its well received ATVs and go-karts for the All Terrain Recreational Vehicle market, should continue to serve it well. We see a bright future for Kandi in the super mini car category and are proud to partner with them."

Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies Corp., commented, "The first deliveries of our new COCO super mini are another major milestone for our Company, opening up a whole new avenue of growth, building on the success we have achieved in the ATRV market. We continue to anticipate strong sales of the COCO through year end of at least 5000 vehicles, with further significant growth in succeeding years, especially as we add in the not too distant future low-speed electric and gas powered hard top super minis for highway driving. There is an enormous opening in the U.S. for well-designed, low cost, 'green' energy saving vehicles -- and we think we have the right products at the right time -- that in a few years also will begin to meet anticipated growing demand domestically."
post #28 of 42

Kandi Technologies, Corp. Signs Letters of Intent With Chinese Postal Service in Two

Kandi Technologies, Corp. (NASDAQ:KNDI - News), an established China-based leader in the design and manufacture of all terrain recreational vehicles, announced today it has signed letters of intent with the Postal Services in the cities of Jinhua City and Hangzhou City in Kandi's home province of Zhejiang for the sale of Kandi's new battery powered, super mini vehicles. The Company also announced it believes it is now in the final stage of the Chinese government approval process for sales in China of its all electric super mini car, the COCO, following more than six months of testing.


While the Company did not provide details on the letters of intent, Mr. Xiaoming Hu, Kandi's CEO and Chairman, stated, "We see these agreements as paving the way for the sale of our low cost, battery powered super mini cars to these and other post offices throughout China, who with the aid of strong government financial incentives are aiming to convert their fleets to low cost, pollution free electric vehicles." He continued, "We believe we can produce high quality vehicles that meet and exceed Post Office requirements throughout the country, as well as those of other governmental agencies that qualify for government grants. Fleet sales such as these, if concluded, combined with sales to individual consumers, will help us achieve our sales objectives."

Passing All Tests "With Flying Colors"

With respect to the timing of final government approvals for sales of the COCO in China, Mr. Hu stated, "Since November, the COCO has undergone testing by the required government agencies in China and thus far has emerged 'with flying colors,' including the rigorous 15,000 kilometer safety and stability test run by the Chinese Automobile Quality Monitor Authority."

"We believe we are now in the final stage of the approval process with the Ministry of Industry and Information Technology of the PRC (MIIT). The feedback we've gotten thus far is quite positive, especially with regard to COCO's appearance and quality, which all seem to agree are second to none," said Mr. Hu.

"Meanwhile," Mr. Hu stated, "we are continuing to move ahead with our marketing campaign with dealers and consumers. We believe the plug-in COCO, with its low price tag, low maintenance costs and the ability to travel on a single charge up to 45 miles or so at a top speed of 25 mph, will be an ideal vehicle for many commuters, who also will be attracted to its eyestopping appearance. This is a very exciting time for Kandi.:
post #29 of 42
post #30 of 42
High of 6.25 today.
post #31 of 42
quite the popper and dropper


500
post #32 of 42
Kandi Technologies Reports First Quarter 2011 Financial Results
10 hours 13 minutes ago - PR Newswire via Comtex
PR Newswire


Kandi Technologies, Corp. (Nasdaq: KNDI), a leading Chinese supplier of off-road vehicles and developer of pure electric vehicles (EV), today reported financial results for the first quarter ended March 31, 2011.

First Quarter 2011 Financial Highlights:

Revenues increased modestly to $8.3 million from $8.2 million with continued growth in ATV and go-kart sales

Operating income increased to $0.8 million, from breakeven operating results in the first quarter of 2010, while gross margin increased by 2.3%

Net income totaled $5.9 million, or $0.20 per diluted share, compared to a net loss of $0.2 million, or $0.01 per diluted share in the same period last year. The non-GAAP adjusted net income (described below) grew by 9.9% as compared to first quarter 2010

Working capital surplus of $20.2 million at quarter end, an improvement from a working capital deficit of $1.7 million at the end of the first quarter 2010

Cash and cash equivalents (including restricted cash) totaled $34.5 million at quarter-end, which equates to $1.19 per fully diluted share, a significant increase from $25.2 million at the end of 2010

"We remain excited with the growth from our traditional off-road products as our legacy business continues to recover, and continue our optimism about achieving a leading role in China EV development," said Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies. "Our pure electric vehicles continue to be a priority as we expand sales of our vehicles in China, and globally, to meet emerging demand. In the first quarter, we have showcased our EVs through the newly established showroom in Hangzhou and have started to execute our pilot 'Express Change' model in Jinhua."

During the quarter, the Company spent $7.0 million of its sharply increased working capital on new fixed assets to build production capability, which will increase capacity and support EV demand.

"With respect to EV sales outside of China," said Mr. Hu, "we remain focused on the European market, where we announced a strategic agreement and an initial order of 1,000 Kandi EVs in Italy during the quarter, and believe this will be a cornerstone to increasing sales in Europe."

First Quarter 2011 Results

Revenues for the quarter increased by 1.1%, to $8.3 million, from $8.2 million in 2010. The modestly improved results reflected the continued recovery of the Company's traditional off-road vehicle market, led by year-over-year increases of 41% in ATV sales and 31% in go-kart sales. Sales of super-mini vehicles experienced a 38.5% decline from the same period of 2010, due primarily to the shift of focus on EV development in China and build out of the "Express Change" infrastructure during the quarter, as the Company's primary focus in the period was building a foundation for future sales in the China EV market.

Gross profit increased to $2.1 million in 2011, up from $1.9 million in the first quarter of 2010. Gross margin for the quarter increased by 230 basis points to 24.7 percent, from 22.4 percent in the prior year, as a result of increased operational efficiencies and successfully managed manufacturing costs. These carefully managed expenses allowed the Company's operating income to increase to $0.8 million in 2011, compared to breakeven operating results in the first quarter of 2010.

Total interest and other income increased to $5.2 million in the first quarter of 2011, compared to total interest and other expense of $0.1 million in the prior year. The significant change in total interest and other income for the quarter primarily reflected the changes in fair value of warrants issued to investors and placement agents and the changes of fair value of conversion features embedded in convertible notes. The Company's net income totaled $5.9 million for the quarter, or $0.20 per fully diluted share, as compared with a net loss of $0.2 million, or $0.01 per fully diluted share, for the same period of 2010. Without the convertible notes, warrant and option related charges, the non-GAAP adjusted net income totaled $0.7 million, as compared to $0.6 million in the same period 2010, an increase of 9.9%.

At the end of the quarter, the Company had a working capital surplus of $20.2 million, a significant improvement from a working capital deficit of $1.7 million at the same time last year. The increase in working capital was primarily due to the Company's equity offering in December 2010. For the quarter ended March 31, 2011, cash used by operating activities totaled $9.4 million, compared with cash provided by operating activities of $1.0 million in 2010. The change in net operating cash flow was mainly due to increases in pre-payments and pre-paid expenses associated with manufacturing payments to suppliers.

First Quarter 2011 Operational Highlights:

Announcement of super-mini electric vehicle "Test Drive Days" in Jinhua City

New products and COCO electric vehicle showcased at the 2011 Dealernews International Dealer Expo®

Italian order received for pure electric vehicles, with material progress made towards delivery

New lithium-ion electric vehicle unveiled at Hangzhou's First New Energy Vehicle Showroom, and is now available for sale

Vice Governor of Zhejiang Province visited Kandi Technologies' facilities

"Kandi continues to make great strides on EV development in China as we maintain a solid U.S. presence in go-karts and specialized EV products. The first quarter is our transition quarter, and we expect to increase sales of our products in the latter part of the year. This year, Jinhua municipal city of Zhejiang Province has started a 3,000-car experimental program, which uses Kandi's electric vehicles to promote household use of electric vehicles using the "Express Change" battery model. Each car sold will be eligible to receive a government rebate of just over 50% of the purchase price," said Mr. Hu. "We have also made several important moves during the quarter to strengthen the independence of our Board and our overall business and financial reporting."
post #33 of 42
gonna see if this gets turned around and makes its run as it has a couple times in the past...


500
post #34 of 42

A little pop put on the radar yesterday, looks like the $2 level will be key.

post #35 of 42

recent pop on news and settled back down....possible continuation in the near future

 

http://www.nasdaq.com/article/market-chatter-china-bak-battery-kandi-tech-both-surge-on-electric-car-news-cm251027

 

post #36 of 42

What do you think about KNDI now?  Run and hide or is all the news on chinese stocks, and Cramer just said yesterday china stocks are too hard to value.

post #37 of 42

I'm a huge fan of KNDI here, in a few $10 calls heavy...

post #38 of 42

I like what they are doing but its China and I am skeptical

post #39 of 42

Thinking about seriously investing in the company long. I was hoping someone could give me some reasons why I should not. I have done some solid research but trying to see if anyone knows something I havent thought of? I heard someone call this the Tesla of China which I think is def premature

post #40 of 42
Quote:
Originally Posted by reddyap1 View Post
 

Thinking about seriously investing in the company long. I was hoping someone could give me some reasons why I should not. I have done some solid research but trying to see if anyone knows something I havent thought of? I heard someone call this the Tesla of China which I think is def premature

What do you like about it

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