Kandi Technologies Group Inc KNDI shares were trading higher on Wednesday after the company announced the launch of its electric vehicles for the U.S. market, with an initial focus on the Dallas-Fort Worth metroplex.
Kandi Technologies Group is engaged in the development, production, and distribution of the electric vehicle products, EV parts, and off-road vehicle products primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems for vehicles.
It generates revenue through EV parts and off-road vehicles. Other than its business in China, the group has minimal operations and revenues coming in from overseas too.
Kandi Technologies shares were trading up 82.95% at $7.08 on Wednesday. The stock has a 52-week high of $7.50 and a 52-week low of $2.17.
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