Ringing endoresement from Forbes. ...While tradit
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Posted On: 02/02/2015 8:03:07 AM
Ringing endoresement from Forbes.
...While traditional car companies like Nissan, Toyota, General Motors GM -1.93% and Ford are the top sellers in North America and Europe, local companies lead the way in China. Kandi Technolgies Group, Inc. (“NASDAQ GS: KNDI”), an industry newcomer, is the clear leader with 37 percent of the market....
However, the development of electric vehicles in China does not necessarily translate into opportunities for all assemblers because unique conditions in the country may require a different business model than that used in more developed markets. As indicated by the recent success of Kandi, which sold almost 7,000 units or 56 percent of the total, in September, the China EV market appears to be developing differently than the other major auto markets in the world.
In the coming months, it will be interesting to see how new government policies, the development of new business models and companies like Kandi, and lower energy prices play out in the China EV market.
...While traditional car companies like Nissan, Toyota, General Motors GM -1.93% and Ford are the top sellers in North America and Europe, local companies lead the way in China. Kandi Technolgies Group, Inc. (“NASDAQ GS: KNDI”), an industry newcomer, is the clear leader with 37 percent of the market....
However, the development of electric vehicles in China does not necessarily translate into opportunities for all assemblers because unique conditions in the country may require a different business model than that used in more developed markets. As indicated by the recent success of Kandi, which sold almost 7,000 units or 56 percent of the total, in September, the China EV market appears to be developing differently than the other major auto markets in the world.
In the coming months, it will be interesting to see how new government policies, the development of new business models and companies like Kandi, and lower energy prices play out in the China EV market.
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