✅   Kandi Technologies: Good Value, But Wait For Sales Growth

Finance

I became aware of Kandi Technologies Group (NASDAQ:KNDI) in 2015, when electric vehicle sales were gaining traction in the automotive market. Kandi’s unique selling point was targeting the low-cost city electric vehicle market and aimed to be an industry leader in providing battery swap technology for the car share business model. However, that business was not performing as expected and growth plans frequently failed to materialize. Revenues were expected to grow rapidly with the surging EV market; however, forecasts were frequently missed, and Kandi was always just another quarter away from significant sales volumes, which never arrived.

seekingalpha.com     Jun 10, 2024