CHICAGO, IL., March 10, 2021 – Water Tower Research has published an update note on Kandi Technologies Group Inc. (NASDAQ: KNDI). The report focuses on the company’s opportunities in battery innovation and ridesharing.
“A key differentiator for Kandi is its increased focus on battery innovation and battery exchange to increase the range of EVs. This has been achieved through several strategic alliances. Kandi has established China Battery Exchange Technology Company to focus on R&D for battery technology innovation,” said Shawn Severson, Co-Founder of Water Tower Research and Head of ClimateTech and Sustainable Investing Research. “Ridesharing is another key focus area for Kandi. For this purpose, the company has established a subsidiary focused on China’s ridesharing service leveraging Kandi’s battery swapping technology and EVs.”
Mr. Severson continued, “China is presently the world’s largest EV market with 50% share and is slated to grow 40% between 2017 and 2022 to over 2.2 million vehicles. China is a huge market for entry-level EVs, in which Kandi specializes, which the company believes is a significant opportunity.”
The complete Update Note can be accessed HERE.
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