America’s cheapest electric vehicles are coming courtesy of Chinese automaker Kandi – TechCrunch
Chinese electric vehicle and parts manufacturer Kandi Technologies Group is officially bringing two EVs to the United States through its subsidiary Kandi America — news that has prompted run up in its share price in the past day.
Kandi shares opened at $3.88 a share on Wednesday, jumping to $16.51 today. Shares have now settled below $9.
Kandi Technologies has been talking about bringing EVs to the United States for a couple of years. Now, two models are arriving as early as the end of 2020, beginning in a limited area in Texas. Both are priced under $30,000 before federal