Why Kandi Technologies Stock Is Trading Higher Today

Kandi Technologies 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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