Kandi Technolgies Corp (KNDI)

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Kandi Technologies Produced More Cars In September Than In H1 2014


Oct 12, 2014 2:42 PM | about stocks: KNDI, TSLA



Kandi produced a record 6,771 PEVs in September to end Q3 with 10,506 cars. The company produced more cars in September than the total number of cars produced in the first half of 2014.

Chinese car companies produced 32,262 NEVs in Q3, 2014, with 22,000 produced in September.

PRC estimated production for 2014 has been revised three times, from 35,000 in April to over 80,000 after September numbers are released.

Likewise, Kandi's production number was revised from 12,500 earlier in the year to 20,000 recently, and likely will need to be revised upward again.

Kandi once again dominates China electric car market, to date producing more than half of total PEVs, and one-third of the total NEVs produced in China.

"People who lie and deceive should remember it's a small world out there, with strange coincidences. What you give out, you get back, thrice-fold. Be ready for it!" - Nishan Panwar

Synopsis

As expected, Kandi's production took a huge jump in September. This was predicted in my latest article "Kandi Technologies: Accelerated Growth Ahead!" The main drivers for the growth are the purchase tax exemption started in September, the government mandate for 2014, and the seasonal factor as explained in the article.