Kandi Technolgies Corp (KNDI)

[bullmarket2222]

Notes....

Some questions were raised about Kandi's ability to fill demand when it ramps up. Mr. Hu mentioned how for 2015 there will 500,000 EV's on the road and 5,000,000 in 2020; he said he was confident those numbers will be met. I think there were those in the audience who (myself included) doubt that those numbers will be met. But Mr. Hu exuded both in words and manner that, yes, the numbers will be met. I'm inclined to accept Mr. Hu's assessment because I figure he knows something we don't but is not ready to make whatever it is he knows public.


I think KNDI is supposed to have a capacity of about 400,000 cars by the end of 2015 but, believe it or not, if I caught his drift correctly, Hu thought that would not be enough capacity for the future. He said again that cities will have a transportation revolution.


Now, by all accounts, from those who went to China in September and for those who attended today's conference, Mr. Hu displays quiet but strong confidence and determination about the future; there is no bravado a la Elon Musk. At the beginning of the conference he said he wanted to talk to us as family. It sounds a little corny to us but I think this is a Chinese mindset; he said he wanted to be open and honest with us. With all of this in mind I have to accept his capacity comments at face value.