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Why Kandi Technologies Stock Is Trading Higher Today

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Kandi Technologies (NASDAQ: KNDI) shares are trading higher on Wednesday on continued strength after the company on Tuesday reported it received approval from Texas to offer a rebate on its vehicles.

Kandi Technologies is engaged in the development, production, and distribution of 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.

Kandi Technologies shares were trading up 18.49% at $11.15 at last check Wednesday. The stock has a 52-week range between $17.40 and $2.17.

 

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