Thursday, May 10, 2018 6:57:19 PM
KNDI had positive earnings...now needs to stay above $6...
Kandi Technologies (KNDI +4.7%) reports topline growth of 95% in Q1
Electric Vehicleparts sales increased 139.1% to $6.4M.
Off-road vehicle revenues grew 22.0% to $2M.
Kandi Electric Vehicles Group sold 3,295 EV products in the quarter.
Gross margin rate improved 50 bps to 16.1%.
also
Shares of electric car maker Kandi popped on news China is planning to extend its green vehicle subsidies until 2020. Kewa Luo, Kandi Technologies Group Vice President, discusses Kandi's business model.
Kandi Technologies (KNDI +4.7%) reports topline growth of 95% in Q1
Electric Vehicleparts sales increased 139.1% to $6.4M.
Off-road vehicle revenues grew 22.0% to $2M.
Kandi Electric Vehicles Group sold 3,295 EV products in the quarter.
Gross margin rate improved 50 bps to 16.1%.
also
Shares of electric car maker Kandi popped on news China is planning to extend its green vehicle subsidies until 2020. Kewa Luo, Kandi Technologies Group Vice President, discusses Kandi's business model.
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