China BAK (CBAK) Moves Higher as Kandi/Geely EV Approved in China
Tweet
Share
E-mail
China BAK Battery (Nasdaq: CBAK) is popping in morning trading Wednesday on solid volume.
Possible reason on the surge is that China BAK will supply batteries for the Kandi (Nasdaq: KNDI)/Geely Auto co-developed electric sedan, JL7001BEV. Notably, Kandi is also markedly higher on the session following news that the vehicle received approval in China.
China BAK is up 42 percent with nearly 1 million shares crossing.
Possible reason on the surge is that China BAK will supply batteries for the Kandi (Nasdaq: KNDI)/Geely Auto co-developed electric sedan, JL7001BEV. Notably, Kandi is also markedly higher on the session following news that the vehicle received approval in China.
China BAK is up 42 percent with nearly 1 million shares crossing.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Exclusive: PayPal cuts 220 jobs in India, 160 in Ireland
- Grok, OpenAI, Claude all down simultaneously - Downdetector
- Subaru, other Japan suppliers to team on delivery as Boeing raises output - Nikkei
Create E-mail Alert Related Categories
Insiders' Blog, Momentum Movers, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
