Kandi Technolgies Group Inc (KNDI) News

KNDI new 52 lo

KNDI new 52 week lo

interesting read
https://www.yahoo.com/finance/news/germany-recession-detroit-reeling-over-201412706.html
Fortune
With Germany in recession and Detroit reeling over ultra-cheap Chinese EVs, Beijing vows to crack down on ‘blind’ construction of new projects
Steve Mollman
Fri, January 19, 2024 at 12:14 PM PST·5 min read
China is making automakers around the world nervous. Its domestic carmakers—helped by generous state subsidies—are churning out alarmingly inexpensive electric vehicles at a relentless pace, saturating their home market and threatening EV manufacturers overseas.

But they might be getting carried away, a high-ranking Chinese official suggested on Friday.

Xin Guobin, vice-minister of industry and information technology, said that Beijing would take “forceful measures” to address what he called “blind” construction of new EV projects—i.e., not justified by demand—by some Chinese carmakers and local authorities, as reported by the Financial Times.

His comments come amid pressure from Europe in particular over a flood of low-priced Chinese EVs hitting its markets.

“Their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen said in September. “And as we do not accept this distortion from the inside in our market, we do not accept this from the outside.”

To be sure, it’s more the threat posed by Chinese EVs in the long run than the current reality that has EU officials concerned. In Germany, the center of EU automaking, Chinese EVs still have just a small sliver of market share. But it’s growing fast, and that has many in Europe’s automotive powerhouse worried amid fresh economic woes, even as German carmakers—who do brisk business in China—have warned against tariffs on Chinese EVs for fear of retaliation by Beijing.
EU probes Chinese subsidies

In the weeks ahead, EU investigators will visit Chinese EV makers BYD, Geely, and SAIC as part of a probe into whether they have an unfair advantage thanks to government subsidies. Their visits—part of an EU probe announced in September and set to run for 13 months—will help determine whether the EU imposes higher tariffs to protect European carmakers.

Of course, more than subsidies are at play. “The Chinese car companies are extremely competitive,” Tesla CEO Elon Musk said at the New York Times Dealbook conference last year. “China is super good at manufacturing, and the work ethic is incredible.”

Musk suggested that Chinese companies will emerge as dominant players in the global automotive industry—a sharp departure from when he laughed about the quality of BYD cars in 2011.

Chinese EV makers also have supply-chain efficiencies that are tough to beat. BYD, for instance, keeps its costs low partly by owning the entire supply chain of its EV batteries, significant since a battery accounts for roughly 40% of an electric vehicle’s price. Backed by Warren Buffett’s Berkshire Hathaway, the Chinese carmaker recently overtook Tesla in global sales of electric vehicles.

Whereas Chinese EV makers face 27.5% tariffs in the U.S., in the EU that's just 10%. That’s encouraged them to target Europe as their home market gets increasingly crowded, although they’re also expanding quickly elsewhere, including in Southeast Asia and Latin America.

Last year, an Allianz Trade report stated that China’s EV makers pose a significant threat to European carmakers, particularly the “automotive-dependent economies of Germany, Slovakia and Czech Republic.” It called for higher tariffs on Chinese EVs, estimating that by 2030 they could cost Europe’s carmakers 7 billion euros per year in lost profits.

In the EU, Chinese-made EVs typically sell for 20% less than those made in the bloc, and their share of the EV market, which has grown to 8%, could reach 15% by 2025, according to Reuters.
The coming wave of Chinese EVs in America

Last year in China, BYD launched the Seagull, an EV with a cutthroat price of about $11,000. It quickly became one of the best-selling EVs in China. The Seagull and similar models from China could prove to be a disruptive force in overseas markets.

Chinese EVs might also become a common sight on American roads, eventually.

“No one can match BYD on price. Period,” Michael Dunne, CEO of Asia-focused car consultancy Dunne Insights, told the Financial Times earlier this month. “Boardrooms in America, Europe, Korea, and Japan are in a state of shock.”

Made-in-China EVs are sold in more than 100 countries, and the U.S. is the only market where they “have not yet really begun a big assault,” ZoZo Go CEO Michael Dunne, whose advisory firm specializes in the Chinese EV industry, told the Wall Street Journal.

Chinese EV makers are now searching for manufacturing sites in Mexico, which has a free trade agreement with the U.S. and Canada and could serve as a backdoor to those markets, a scenario American lawmakers have warned about.

Meanwhile, U.S. automakers have largely scaled back their EV ambitions—after making large initial investments—as demand has not been as great as anticipated. In a sign of the times, perhaps, all four of America’s largest carmakers passed on running Super Bowl ads this year—the first time that’s happened in 23 years.

But the threat from China has industry leaders on edge. Last summer, Ford executive chairman Bill Ford Jr. warned that American automakers are “not quite yet ready” to compete with Chinese rivals on EVs. “They developed very quickly, and they’ve developed them in large scale, and now they are exporting,” he told CNN. “They are not here, but they will come here we think at some point and we need to be ready.”

This story was originally featured on Fortune.com
Up next
Business Insider
Expert lays out why last year was a 'perfect storm' to slow down EVs — and explains 3 reasons China is winning the race for electrification
Graham Rapier,Cadie Thompson
Sat, January 20, 2024 at 2:57 AM PST·3 min read
2

2023 was a "perfect storm" for electric vehicles, one expert says.

Prices for EVs remain stubbornly high, limiting further growth.

Chinese automakers have found a way to profit while selling cheaper vehicles to more people.

Last year marked a dramatic shift for automakers and their transition to electric vehicles.

After years of growth, demand slowed as new competition hit the market, and a wave of early adopters gave way to a more price-sensitive customer.

That's led to some soul-searching among manufacturers, some of whom have reduced their manufacturing plans in step. High interest rates and expensive charging didn't help.

It was all a "perfect storm" on a macroeconomic level for the industry, according to Nikolaus Lang, a senior partner at Boston Consulting Group and expert in the mobility industry.

"Now, we need to do this next step toward much more of a volume segment," he told Business Insider on Wednesday at the World Economic Forum in Davos, Switzerland. "You cannot have EVs that cost $70,000, $80,000, you need to get EVs down to $30,000 or less. I think that's something the industry is still working on."

The average price for a new EV has fallen dramatically, to $50,789 by December 2023 from above $64,000 the year prior, according to Kelley Blue Book. But EV prices are still about 28% more expensive than average gas-vehicle prices, an analysis by CarGurus found.

That's helped usher in a "new realism when it comes to alternative power trains," Lang said. Hybrids have excelled in popularity as an emissions-conscious option at a cheaper price without some of the classic EV worries, like range anxiety or charging.
What the US still can't figure out

While American automakers continue to churn out massive, heavy EVs that sell for high prices to a small niche of the market, Chinese automakers like BYD have produced mass-market vehicles for a fraction of the cost.

Lang laid out three reasons China is finding success where competitors are struggling:

Scale

"The Chinese OEMs are already profiting off a large domestic market," he said. "So they are very quick when it comes to scale, which other OEMs do not yet have because the market in Europe and in the US is limited," he said. (OEMs, or original equipment manufacturers, is an industry term for automakers).

Battery technology

"China has always been at the forefront when it comes to battery technology, and that helps these players who are closely connected to the battery production," he said.

Regulation

"The Chinese OEMs have also profited off of a regulatory environment of government incentives, which allowed them to take off, I would say, earlier in a bolder fashion," he said.

"The Chinese EV players are here to stay," he continued.

Chinese automakers have begun exporting their cheaper models to Latin America and parts of Europe. They may eventually try entering the US market, Lang said, but it might not be easy given all the local competition and incentives to buy domestically.

https://www.otcmarkets.com/stock/KNDI

https://www.otcmarkets.com/stock/KNDI

$KNDI Total Debt (mrq) $39.9M $.25 coming

https://www.otcmarkets.com/stock/KNDI

$KNDI Total Debt (mrq) $23.82M

Chinese E-Bikes are Exploding like Crazy - Self Destructing Spectacularly
$KNDI

$2.00s coming $KNDI

$KNDI Total Debt (mrq) $23.82M

PRETTY BIG VIOLATIONS

PRETTY BIG VIOLATIONS

https://www.otcmarkets.com/stock/KNDI

WONDER WHY ?????

KNDI: SEC Cease and Desist Order:

https://www.sec.gov/files/litigation/admin/2023/33-11240.pdf

Chinese Cars for Europe by Mullen Competition heating up https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172598435 $KNDI

KNDI
Kandi Technolgies Group Inc
3.68
-0.06 (-1.60%)
Volume: 104,357
Day Range: 3.66 - 3.74
Last Trade Time: 7:56:27 PM EDT

China is Throwing Away Fields of Electric Cars - Letting them Rot!
$KNDI

$KNDI Total Debt (mrq) $24.88M

KNDI
Kandi Technolgies Group Inc
3.88
-0.02 (-0.51%)
Volume: 89,272
Day Range: 3.88 - 3.96
Last Trade Time: 6:05:31 PM EDT

KNDI
Kandi Technolgies Group Inc
4.00
-0.08 (-1.96%)
Volume: 208,729
Day Range: 3.99 - 4.09
Last Trade Time: 7:30:04 PM EDT

KNDI
Kandi Technolgies Group Inc
3.39
0.00 (0.00%)
Volume: 173,186
Day Range: 3.40 - 3.45
Last Trade Time: 7:52:30 PM EDT

My guess is due to the greatly improved financials. This used to be a $5 stock and I wouldn't be surprised to see it reach that again.

Total assets declined roughly $2.5mil
Total liabilities dropped by amost $7mil

Swung from a $1.6mil loss march 2022 to a profit of about $600K

That would be my guess just scanning the Q

So why do they keep making 52 wk highs?

KNDI
Kandi Technolgies Group Inc
3.18
0.08 (2.58%)
Volume: 231,800
Day Range: 3.13 - 3.25
Last Trade Time: 5:28:43 PM EDT

Volume: 79,905
Day Range: 2.71 - 2.76

KNDI
Kandi Technolgies Group Inc
2.73
-0.01 (-0.36%)
Volume: 79,905
Day Range: 2.71 - 2.76
Last Trade Time: 7:32:12 PM EDT

KNDI
Kandi Technolgies Group Inc
2.278
-0.062 (-2.65%)
Volume: 125,724
Day Range: 2.28 - 2.35
Last Trade Time: 4:55:05 PM EST

KNDI
Kandi Technolgies Group Inc
2.60
-0.06 (-2.26%)
Volume: 154,321
Day Range: 2.6001 - 2.69
Last Trade Time: 7:59:32 PM EST

That isn't debt - that is how much they lost for the 9 months of 2022. Their debt is roughly $80,000,000. Their sales went up by $17mil but their costs rose by $18mil - swinging from a profit of 12.5mil in 2021 to a loss of $14.1mil on 2022.

Now they want to leave the relatively safe Delaware incorporation to the highly risky and scam laden British Virgin Islands.

$KNDI Has $25.64M DEBT

KNDI
Kandi Technolgies Group Inc
2.27
-0.03 (-1.30%)
Volume: 745,155
Day Range: 2.2297 - 2.33
Last Trade Time: 5:53:42 PM EST

KNDI
Kandi Technolgies Group Inc
2.27
-0.03 (-1.30%)
Volume: 745,155
Day Range: 2.2297 - 2.33
Last Trade Time: 5:53:42 PM EST

https://www.otcmarkets.com/stock/KNDI/overview $2.33

$https://www.otcmarkets.com/stock/KNDI/quote
https://www.otcmarkets.com/stock/KNDI/security
Share Structure
Market Cap Market Cap
167,782,018
12/12/2022
Authorized Shares 100,000,000
11/09/2017
Outstanding Shares 74,239,831
11/03/2022
https://www.otcmarkets.com/stock/KNDI/disclosure

you up wit dare production counter ?????

[-chart]www.kandiamerica.com/uploads/product/36_1.jpg[/chart]

I KIND OF BACKED OFF SOME

RE;
KNDI
Kandi Technolgies Group Inc
2.35
0.09 (3.98%)
Volume: 424,848
Day Range: 2.23 - 2.385
Bid: 2.30
Ask: 2.39
Last Trade Time: 4:18:00 PM EST
Total Trades: 2,954

So you are not aware of material event that specifically hurt KNDI?

Over the years I've successfully swing traded KNDI quite a bit. But over the 12 months I haven't been working it. I'm thinking about working it again though. They appear to have some momentum on sales growth.

KNDI
Kandi Technolgies Group Inc
2.30
-0.15 (-6.12%)
Volume: 350,824
Day Range: 2.25 - 2.4339
Bid: 2.26
Ask: 2.36
Last Trade Time: 6:39:54 PM EST
Total Trades: 2,795

most spacs have tanked big time, they went over priced pps

mick.... so what is your read as to why KNDI has been in a nose dive over the past 30 days? Thanks

KNDI
Kandi Technolgies Group Inc
2.58
0.13 (5.31%)
Volume: 320,464
Day Range: 2.45 - 2.59
Bid: 2.12
Ask: 3.02
Last Trade Time: 7:59:42 PM EDT
Total Trades: 1,775
KNDI Detailed Quote

KNDI
Kandi Technolgies Group Inc
2.19
-0.01 (-0.45%)
Volume: 156,738
Day Range: 2.17 - 2.23
Bid: 2.18
Ask: 2.22
Last Trade Time: 5:27:13 PM EDT
Total Trades: 2,593
KNDI Detailed Quote

Noble Financial Thinks Kandi Technologies’ Stock is Going to Recover • TipRanks • 05/10/2022 12:15:16 PM
Quarterly Report (10-q) • Edgar (US Regulatory) • 05/09/2022 11:47:42 AM
Current Report Filing (8-k) • Edgar (US Regulatory) • 05/09/2022 11:32:38 AM

KNDI
Kandi Technolgies Group Inc
2.62
-0.07 (-2.60%)
Volume: 154,395
Day Range: 2.58 - 2.67
Bid: 2.62
Ask: 2.69
Last Trade Time: 7:31:44 PM EDT
Total Trades: 1,413
KNDI Detailed Quote

Shares of several auto & auto component companies are trading lower amid overall market weakness following worse-than-expected May CPI data. Rising inflation and an increase in US Treasury yields has also weighed on the market. $KNDI

Kandi Technolgies Gr (KNDI)
2.67 ? -0.09 (-3.26%)
Volume: 163,033 @06/03/22 6:05:27 PM EDT
Bid Ask Day's Range
2.65 2.76 2.6307 - 2.73
KNDI Detailed Quote

$KNDI EVs – a $46 trillion market opportunity between now and 2050
https://www.smart-energy.com/industry-sectors/electric-vehicles/evs-a-46-trillion-market-opportunity-between-now-and-2050/

$KNDI Institutional holders https://finance.yahoo.com/quote/KNDI/holders?p=KNDI

Cars Are Suddenly Worth $3 Trillion, And It’s Not All Tesla https://bloomberg.com/opinion/articles/2021-12-29/cars-are-suddenly-worth-3-trillion-and-it-s-not-all-tesla