KNDI Stock: The LFP Batteries News Charging Up Kandi Technologies Today

InvestorPlace2021-12-29

The shares of Chinese electric vehicle (EV) maker Kandi Technologies(NASDAQ:KNDI) are rallying today after the EV maker announced that it had begun “mass production of its lithium iron phosphate (‘LFP...

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ping23
2021-12-29
ping23
pls like
US_watchlist
2021-12-29
US_watchlist
Please like and comment. Thanks
axhoai
2021-12-29
axhoai
❤
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Indeed, shares jumped 5.09% to $3.51.\nAccording to Kandi, its LFP battery is “one of the most advanced [batteries] on the global market.” The EV maker added that, in 2019, it launched its LFP battery with an “energy capacity 11% higher than the industry average.”\nKandi reported that the battery has received “high industry-wide ratings and positive feedback from customers.” Last month, the company’s subsidiary, Huiyi, was able to begin mass-producing the battery.\nAccording to the EV maker, the “energy capacity” of the latest version of Kandi’s battery is 10% above that of the 2019 edition. 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