Kandi Technologies Group, Inc. Ordinary Shares (KNDI)
Kandi Technologies Group, Inc. is a Chinese company specializing in the manufacturing and sales of all-electric vehicles, electric vehicle batteries, and other EV components. It also offers vehicle design, research, and development services, as well as related automotive software and hardware. The company focuses on the development of affordable electric vehicles and EV-related products targeting the urban mobility market.
Company News
Kandi Technologies reported a 39.3% revenue decline in H1 2025, but improved gross margin to 45.2% through strategic channel realignment and cost controls. The company is expanding into intelligent equipment and battery swapping technologies, securing partnerships with Deep Robotics and CATL.
Kandi Technologies' subsidiary China Battery Exchange secured its first major order from CATL for heavy-truck battery swap station equipment, supporting CATL's 'Ten Thousand Station Plan' with a target of 500 stations in 2025 and over 10,000 stations long-term.
Kandi Tech (KNDI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Mullen Automotive, Inc. (NASDAQ: MULN) shares pulled back sharply early Wednesday after short seller Hindenburg Research accused the company of being a phony EV play. The stock has since pared some of the losses. Mullen was one of the most-searched tickers on Benzinga Pro in March. Short Seller Says Battery Business Doesn't Exist: Mullen i...
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