Kandi Technologies Group Inc (NASDAQ:KNDI) shares are continuing to trade into strength as the general market is down today. The stock, which is up significantly over the last three full trading days has remained relatively stable today on strong volume, indicating that there still is quite a demand for shares of this company that’s building up a strong presence in the electric vehicle market. While the Dow is experiencing yet another 200+ point loss, any stock which is green today seems to be a winner.
The stock is up 0.65% or $0.07 following the news, hitting $10.78 per share. About 405,327 shares traded hands. kndI has risen 17.31% since May 15, 2015 and is uptrending. It has outperformed the S&P500 by 19.57%.
Kandi Technologies Group, Inc. is engaged in the design, development, manufacturing and commercialization of electric vehicles (EVs) and electric vehicle parts, which are distributed in China and global markets. The company has a market cap of $486.09 million. The Firm conducts its business through its wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles) and the partial and wholly owned subsidiaries of Kandi Vehicles. It has 32.31 P/E ratio. The Firm sold its EV parts to the JV Company for manufacturing of the EV products.