Electric Vehicle Stocks That Aren’t Tesla: Kandi Technologies (KNDI)
Don’t expect to see a Kandi Technologies (KNDI) vehicle dropping off any kids at your local elementary school. The company doesn’t make full-size passenger electric vehicles, and its vehicles aren’t offered in the U.S. But what Kandi Technologies does make is practical as well as fun, even if calling them “cars” is a bit of a stretch.
Kandi manufactures what it calls an E-car, which for all intents and purposes is a battery-powered mini car. They’re street legal (at least in most places), and reasonably nice.
Of course, the E-car isn’t capable of achieving highway speeds, and they’re not good for hauling much around other than the driver and a passenger — even a trip to the grocery store could prove to be a logistics headache.
They’re still more than practical enough for a huge segment of Chinese drivers though … and have been enough to help KNDI stock soar over the last year.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.