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Stock impact report

Why Kandi Stock Jumped Today [The Motley Fool]

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: The Motley Fool
The company's vehicles will qualify for the full U.S. federal tax credit. Evan Niu, CFA ( TMFNewCow ) Oct 3, 2018 at 3:37PM What happened Shares of Kandi Technologies ( NASDAQ:KNDI ) have jumped today, up by 13% as of 3 p.m. EDT, after the Chinese electric-car maker announced that two of its vehicles will qualify for the full $7,500 federal tax credit in the U.S. The vehicles in question are the EX3 and K22. So what Kandi had announced in June that it was expanding into the U.S., which, while smaller than the Chinese EV market, is still immense and growing. The K22 is a small subcompact vehicle while the EX3 is a compact SUV, and government agencies have confirmed to Kandi that both will qualify for the full $7,500 credit. Image source: Getty Images. Now what Kandi expects the starting price of the K22 to be less than $20,000 bu Show less Read more
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