NEW YORK, May 13, 2015 /PRNewswire/ -- China is now the world's largest vehicle market, accounting for over 25 percent of the vehicles produced globally every year, vehicle penetration is still exceedingly low. There are just over 100 vehicles per 1,000 in China. Many of those without cars live in China's Tier 2, Tier 3 and Tier 4 cities, as well as in the country's urban fringes and rural areas. For this set of consumers, a high rate of speed is not necessary, nor is a long driving range. Instead, these consumers simply want an affordable car that can be used to get around town, or perhaps as a second car. Here is the playground for low-speed and limited range EVs, as long as they provide affordable transportation. In 2014, 400,000 so-called "low-speed" EVs were sold in China, compared to only 84,000 conventional all electric and hybrid electric vehicles.
Kandi Technologies Group, Inc. (NASDAQ: KNDI) is one of China's leading producers and manufacturers of electrical vehicle products, electrical vehicle parts and off road vehicles for sale in China and global markets. It designs, develops, manufactures, and commercializes all-terrain vehicles (ATVs), utility vehicles, go-karts, three wheeled motorcycles, refitted cars, and specialized automobiles such as pure electric vehicles (EVs). The company also provides automobile and EV parts, including EV drive motors, EV controllers, air conditioners, and other electrical products.
An analyst brief which covers a brief analysis and analyst recommendation can be viewed in its entirety by using the link below. There is no cost obligation required to view this report.
Copy and paste to browser may be required.
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company. A full disclaimer can be found by viewing the full analyst report. Content is researched, written and reviewed on a best-effort basis. This document, article or report is written a 3rd party research analyst. However, we are only human and may make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.