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2021-12-29
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KNDI Stock: The LFP Batteries News Charging Up Kandi Technologies Today
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Indeed, shares jumped 5.09% to $3.51.</p>\n<p>According 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.”</p>\n<p>Kandi 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.</p>\n<p>According to the EV maker, the “energy capacity” of the latest version of Kandi’s battery is 10% above that of the 2019 edition. Additionally, it “is 22% higher than the current industry average.”</p>\n<p>Other Things to Know About KNDI Stock</p>\n<p>Kandi’s shares have tumbled over 40% in the last six months, even after this morning’s rally. </p>\n<p>Furthermore, Kandi’s market capitalization is now down to less than $300 million, and its trailing price-to-sales ratio has fallen below three.</p>\n<p>On Dec. 6, Kandiannounced a new share buyback program for as much as $20 million. The program was slated to begin on Dec. 10. Therefore, it will likely finish by the conclusion of 2022.</p>\n<p>In conjunction with the announcement of the buyback program, Kandi’s CEO, Hu Xiaoming, said in a statement that, “We believe that the market is not valuing Kandi appropriately, and that we are significantly undervalued at the current stock price. Most of our valuation is represented by our cash balance, and we believe that investors do not fully appreciate our exciting growth prospects across a wide range of electric motor propulsion categories.”</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KNDI Stock: The LFP Batteries News Charging Up Kandi Technologies Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKNDI Stock: The LFP Batteries News Charging Up Kandi Technologies Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-29 11:07 GMT+8 <a href=https://investorplace.com/2021/12/kndi-stock-the-lfp-batteries-news-charging-up-kandi-technologies-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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...</p>\n\n<a href=\"https://investorplace.com/2021/12/kndi-stock-the-lfp-batteries-news-charging-up-kandi-technologies-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KNDI":"康迪车业"},"source_url":"https://investorplace.com/2021/12/kndi-stock-the-lfp-batteries-news-charging-up-kandi-technologies-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184541913","content_text":"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’) battery.” The trading volume of KNDI stock is much higher than normal so far today, and KNDI stock is sixth on Yahoo Finance’s list of trending tickers at the time of writing. 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. Additionally, it “is 22% higher than the current industry average.”\nOther Things to Know About KNDI Stock\nKandi’s shares have tumbled over 40% in the last six months, even after this morning’s rally. \nFurthermore, Kandi’s market capitalization is now down to less than $300 million, and its trailing price-to-sales ratio has fallen below three.\nOn Dec. 6, Kandiannounced a new share buyback program for as much as $20 million. The program was slated to begin on Dec. 10. Therefore, it will likely finish by the conclusion of 2022.\nIn conjunction with the announcement of the buyback program, Kandi’s CEO, Hu Xiaoming, said in a statement that, “We believe that the market is not valuing Kandi appropriately, and that we are significantly undervalued at the current stock price. Most of our valuation is represented by our cash balance, and we believe that investors do not fully appreciate our exciting growth prospects across a wide range of electric motor propulsion categories.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":663,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/696485899"}
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