Kandi Technologies (KNDI) gains on new Chinese contracts

Kandi Technologies Group, Inc. (NASDAQ: KNDI) shares acquired 3% to $11.55 on word announced that Zhejiang JiHeKang Electric Vehicle Sales Co., Ltd., and Guangzhou MingZhi Auto Trade Co., Ltd., a local auto distributor in Guangzhou, signed a contract for sale of 700 Kandi brand electric vehicles in November. On December 16, all 700 Kandi brand EVs were delivered to Guangzhou MingZhi. The sales revenue for the 700 EVs is valued at approximately RMB 90.2 million or $14.5 million U.S. Share volume totaled 366,000, compared to an all-day average of 1.5 million