Kandi Technologies: New product launches bode well for growth - Zacks

Kandi Technologies

03/06/2021 23:13

** U.S.-listed shares of Chinese electric automaker  KNDI.O 
up 11.9% to %6.29 in extended trading
    ** Zacks Small Cap Research says new product initiatives
bode well for KNDI and revenue growth could accelerate in back
half of 2021, particularly with pending new product
introductions
    ** In May, co unveiled five prototypes of its new K32
Utility Terrain Vehicle (UTV) and said it expects to begin sales
of the K32 in the U.S. in 2021; KNDI is also developing an
affordable 'neighbourhood EV' for China market with launch
expected in 2021  urn:newsml:reuters.com:*:nL3N2NB3FL
    ** Expect KNDI to have a higher growth rate as these
programs and products gain traction, while still benefiting from
its established legacy businesses - Zacks 

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))