Literally nothing new in this article, surprised it was even published to be honest.
I'll break it down point by point for everyone:
1) Most KNDI electric vehicle sales are to KNDI subsidiaries, not to the end-user.
Counterpoint: This is common knowledge and is has been the companies strategy since as late as last year.
From the 8-K filed with the SEC dated 12/24/13:
"Q: Will the Manufacturing and Sales of the JNJ6290 remain with Kandi, or will it be fully included in the JV where all future sales will be booked by the JV? If maintained by Kandi, but built in JV owned Changxing, how is the JV paid for the use of the facility?
A: Kandi will sell entire sets of parts of JNJ6290 to the JV, and the finished vehicle will be sold to the customers by the JV."
2) The new EV parts business launched in Q1 resells battery packs at a loss to create the illusion of rapid company sales growth.
The company stated in the press release, "Revenue for EV Parts including battery packs was $25.0 million in the first quarter of 2014. The Company started this business in the first quarter of 2014."
Is it the company's fault some investors are too lazy to open a 10-Q? If you can put in the laborious effort to open up the SEC filed documents, it is CLEAR as day to anyone that the reselling of the batteries is at a very small margin.
3) KNDI EV and parts sales appear to be related to inventory buildup for the Carshare project and may not be reflective of end-user demand.
Subjective at best. If Tesla was ordering more and more batteries from Panasonic, would that not be reflective of end-user demand as well?
4) KNDI appears to only have a 9.5% economic interest in the Carshare project.
This has been disclosed since ZZY was announced as the operator of the Carshare project. I'm not sure why this is even bulleted out. Not only has it been mentioned numerous times in SEC filed documents (10-K, 10-Qs), but it's been repeatedly been mentioned on SA as well.
5) There is no official company data to show how the Carshare project is doing financially.
Carshare project is still in the pilot phase and there have been a multitude of reports in the Chinese media discussing increased usage and demand for the service. I've personally read 25+ articles alone on this subject (translated using google chrome) and all indicators point to it being off to a strong start.
Kandi doesn't have to toot it's own horn when it comes to the success of this service, end-users and the media will do it for them (which it already has to some extent and will likely continue to do so).
You could make the same point about numerous companies. For example, has Amazon come out and said how many fire phones they've sold? No.
