Kandi Technologies (NASDAQ: KNDI), a Chinese firm that manufactures EVs and offers them for short-term hire using automated multilevel garages, has formed a strategic partnership with several companies in the automotive and internet fields to promote connected EVs. The partners include Geely Automobile, which already operates a joint venture with Kandi, Internet giant Alibaba, which… Read more »
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Chinese EV market takes off – as Western automakers watch from the sidelines
Sales of plug-in vehicles in China are quickly ramping up, spurred by generous government subsidies, which in turn are motivated by choking air pollution in the country’s major cities. Yonghe Huang, Director of Policy Research at the China Automotive Technology Center, highlighted the explosive growth in a recent presentation. In 2014, automakers in China produced… Read more »
The 2016 Volvo XC90 T8 Twin Engine PHEV enters the US market with great promise
These days when most Americans think of Swedish engineering, they probably remember a frustrating experience with an Allen wrench and one too few pieces of particle board. But we didn’t always buy our Swedish creations under the same roof as our Swedish meatballs. Any American old enough to drink remembers a friend whose parents drove… Read more »
EV sales may be in a holding pattern in the US, but they’re booming worldwide
Those of us who follow the month-by-month plug-in sales figures can’t help but be a little disappointed by the tale so far this year. In three of the last six months, US sales failed to equal the monthly figures of a year ago. We’re now halfway through the year, and total sales of 54,388 are… Read more »
Kandi makes $89-million deal as Chinese auto market moves online
Kandi Technologies Group (NASDAQ: KNDI), a Chinese EV-maker and car-sharing operator, has announced a new sale that will not only significantly expand its volume, but also explore the potential of online EV sales. Kandi Electric Vehicles Group, a joint venture with automaker Geely, has signed a sales contract with Zhejiang Shi Kong Electric Vehicle for… Read more »
Investors see huge potential in Kandi’s Chinese electric car-sharing service
Kandi Technologies Group (Nasdaq:KNDI), which operates a Chinese EV car-sharing service, saw its stock soar over 18% this week after announcing that it has posted a profit, and plans to expand to cities including Beijing and Shanghai. The stock has gained more than 300% in the last year. Kandi, together with its joint venture partner,… Read more »
Rumors of a new Chinese suitor for Fisker
Fisker seems to be in limbo – it hasn’t declared bankruptcy, but so far its few prospective suitors have left it standing at the altar. Karma fans haven’t lost their faith, however. Lately, online discussion groups have been abuzz with hopeful rumors, and one frequent participant claims to have heard from insiders that a pleasant… Read more »
Henrik Fisker joins Hong Kong tycoon in bid for Fisker
Henrik Fisker has teamed up with an investor group led by Hong Kong billionaire Richard Li in hopes of salvaging Fisker Automotive by buying the DOE’s loan and staving off bankruptcy.
Fisker settles with A123 and lays off employees
The tragic milestones are passing one by one for Fisker Automotive, and we fear that the end may be near. Last week, the Wall Street Journal reported that Fisker had hired restructuring lawyers to help it prepare for a possible bankruptcy filing. Now the company has laid off most of its remaining employees –… Read more »
Fisker furloughs workers
Its production line idle since July, and its search for a suitor seemingly in limbo, Fisker Automotive put its US workforce of about 200 employees on furlough this week to cut costs.