Kandi (KNDI) Up; Partner Geely Aims to Electrify London's Cabs
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Kandi Technology (Nasdaq: KNDI) shares are ticking higher early following bullish news for one of its partners.
According to news source China Daily, Zhejiang Geely Holding Group ("Geely") plans to develop a fully-electric black cab within five years.
The black cab, according to Wikipedia, is also known as a hackney carriage. The name refers
Geely will make the announcement with British prime minister David Cameron visits Shanghai.
Earlier this year, Kandi and Geely established a joint venture to
Shares of Kandi are up 4.4 percent Friday.
According to news source China Daily, Zhejiang Geely Holding Group ("Geely") plans to develop a fully-electric black cab within five years.
The black cab, according to Wikipedia, is also known as a hackney carriage. The name refers
to a taxicab licensed by the Public Carriage Office in Greater London or by the local authority (non-metropolitan district councils or unitary authorities) in other parts of Great Britain, or by the Department of the Environment in Northern Ireland.
Geely will make the announcement with British prime minister David Cameron visits Shanghai.
Earlier this year, Kandi and Geely established a joint venture to
to develop, manufacture and sell electric vehicles (the "EVs") and to develop, purchase, manufacture and sell auto parts, and invest in other companies which engage in such businesses.
Shares of Kandi are up 4.4 percent Friday.
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