Why Kandi Technologies Stock Just Popped 7.5%
Chinese electric-vehicle maker Kandi Technologies (NASDAQ: KNDI) got off to an inauspicious start in August, when its "live virtual launch" of two new electric car models (the K23 and K27) netted the company only 11,000 registrations to view the event online -- and just 436 pre-orders. Now, however, Kandi is taking a second stab at invading the U.S. market for electric cars, announcing "nationwide distribution" in the U.S. from physical car stores.
Investors are betting that things will work out a bit better for Kandi this time around, and as of 12:20 p.m. EDT, the stock is up 7.5%.
Would you buy a Kandi car based on just this picture? Image source: Kandi Technologies.
Source Fool.com
