Kandi (KNDI) Pops Higher; Plans 'Car Vending Machines' in China
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Go back to Kandi (KNDI) Pops Higher; Plans 'Car Vending Machines' in China
December 31, 2013 9:22 AM EST
Up 200% year-to-date, including Monday's 15.6% ramp higher, Kandi Technologies Group (Nasdaq: KNDI) has been getting some serious attention from the momo crowd.
Today is no exception as traders pass around an impressive video showing the company's electric car vending machine. The video, posted on... More
December 24, 2013 8:39 AM EST
Kandi Technologies Group, Inc. (Nasdaq: KNDI), announced that its subsidiary Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") signed the Ownership Transfer Agreement (the "Agreement") with Shanghai Maple Guorun Automobile Co., Ltd. ("Shanghai Maple"), a 99% owned subsidiary of Geely Automobile Holdings Ltd. ("Geely") on December 23rd, 2013.
Pursuant to the terms of the Agreement, the JV Company is required to pay RMB 640,651,000 (approximately USD104,147,186) to acquire 100% ownership... More
