A little history for you......Forbes on KNDI Aaron

New Post Public Reply Private Reply Replies (0) Message Board
BULL2222
A little history for you......Forbes on KNDI

Aaron Rocket...Do the video, hit the Forbes link.


https://www.youtube.com/watch?v=fiEJPbxL2hI



http://www.forbes.com/sites/markrogowsky/2013...-industry/

A look inside the automated, electric-car dispensing “Kandi Machine,” named by video producer Aaron Rockett, whose YouTube included below.

China is growing so fast it’s sometimes difficult to get different sources to even agree which the biggest cities are and how many people live in them. But that said, among them is a name unfamiliar to most Americans, the city of Hangzhou, located in eastern China, and home to 8.7 million as of 2010. That would make it the biggest city in the U.S. even though it’s barely a third the size of Shanghai, the world’s largest. But Hangzhou isn’t just big, it’s also home to an ambitious experiment that combines electric vehicles, giant vending machines and a Zipcar -like business model. Oh, and if it works, private car ownership as we know it is probably going to disappear in the world’s biggest cities.

The Chinese have begun to fall in love with the automobile as prosperity has rained down over the past two decades. But with that love affair has come some of the world’s worst air quality. With perhaps 80 million new cars expected on China’s roads by the end of the decade (joining the 120 million already in use), the government has taken the drastic step of actually limiting the number of new license plates it will issue. Notably, even within the limits will come a gradually increasing quota that requires many of the new vehicles to be green — running on natural gas or electricity.

Prior to the auto boom in China, most people managed with a combination of walking, biking, trains or scooters. As incomes have risen, however, more Chinese find the need for a car at least now and then, perhaps for a big trip to the store or to visit family outside the city. In the U.S., a similar need was identified more than a decade ago and Zipcar was born, allowing people access to cars by the hour at multiple locations around the city. Urbanites across the U.S. now can have most of the benefit of a car without much of the hassle of owning one.

In China, though, everything is bigger. A company called Kandi Technologies plans on making 100,000 cars available to the residents of Hangzhou for hourly rental over the next couple of years. It’s also planning to expand into 2-3 other cities during 2014. But instead of having small parking lots with a handful of cars like Zipcar, Kandi is building automated garages (see the video below produced by filmmaker Aaron Rockett) that hold between 30 and 300 cars apiece. They work like giant vending machines: Put in your card, out pops a car. While it will take time for Kandi to build the 750 such facilities it has planned for Hangzhou, the service is already operating and 50 garages should be in place by March.

For just $3.25 per hour, you can rent one of the Kandi cars. They are built in partnership with Geely, best known in the west as the company that bought Volvo. The vehicles are electric, with a range of 75 miles and a top speed of 50 miles per hour. While that might seem limiting, the vehicles are intended for urban use and the city speed limits max out at about 30 in Hangzhou. They resemble the Smart Car, which happens to be used by the Car2Go service, a Zipcar alternative that operates in Denver, San Diego and a handful of other American cities.

An important difference between Car2Go and Zipcar is that the former allows one-way rentals, as does Kandi. Anyone in New York or San Francisco who has experienced the nascent bike-sharing services there understands just how convenient that is. There is effectively dedicated parking to drop off the vehicle at either end of your trip and there’s no need to pay for the time you’re at a party or in a meeting. Kandi’s planned ubiquity should make the service compelling for more Hangzhou residents, even though it won’t offer the ability to just leave the car parked anywhere (as Car2Go does, with mixed success).

Kandi has an offer for people that also want something closer to ownership as well. They call it the “Long Lease,” though it will run 1-3 years, short to average by U.S. standards. For a single price of around $130-160 per month, you get insurance, maintenance and power.

Most Chinese won’t have the ability to install an electric-vehicle charger easily, but Kandi will solve the problem by swapping batteries, similar to what Tesla has proposed for super-fast “recharging.” Kandi will then recharge the batteries at its convenience. When Tesla showed of its version of the technology, CEO Elon Musk suggested it might be the best solution in urban areas where charging is hard to come by. The Chinese may well be ahead of the curve here, deploying today what the U.S. contemplates for tomorrow.

That isn’t to say Tesla will have its lunch eaten by Kandi. On the contrary, the company’s single-minded pursuit of longer-range electric vehicles has led to many innovations here as well. The Tesla Supercharger network now has 49 locations where it is possible to restore half the battery capacity in 20 minutes. The company’s plans call for tripling that network next year.

In the meantime, though, Kandi will bring a radical car-sharing experiment to one of the world’s largest cities. If it goes as planned, there will be more EV drivers in Hangzhou than anywhere in the world and other Chinese cities will almost certainly adopt the technology quickly. It’s unlikely too many people who come to the automobile through this per-hour-usage model will want to become car-owning, parking-space seeking, insurance-buying folks in the future. It’s not uncommon for urban car owners to walk a few blocks to a parking garage or spend hours a week looking for a space. This kind of car sharing has inherent appeal.

But in China, it should catch on faster. The Chinese are not wedded to American ideas of what a car is supposed to be like so getting them to accept relatively small, slow, short-range electrics is likely to be less challenging that it has been to sell, say, the Nissan Leaf in the U.S. (The Leaf has had its best year so far, selling 20,800 units through November.) And though air quality here is often less than perfect — lack of rain in California has given us a record number of “spare the air” days recently — it’s nothing near as bad as China’s largest cities.

So this project was born out of need, but also entrepreneurial zeal. The kind of passion that powered the American economic engine at the turn of the last century and helped turn Korea’s auto industry into a global powerhouse from very humble beginnings here in the 1980s. Geely, for its part, had its vehicles fail crash test as recently as 2009. With designs on the global market, it went back to the drawing board and earned 4-star ratings in Europe just 2 years later. It’s small cars are considered among the safest in China based on tests.

Still, it’s a small company, with less than 3% of the Chinese market. And Kandi would be fairly characterized as a startup. Together, they are trying to turn the auto industry on its head, at least in China. But if the plan works, the concepts are exportable — and ripe for copying. For China, usually the innovation has been co-opted there, often causing consternation among foreign competitors. Perhaps the greatest long term threat for Kandi is that the new model works exactly as they hope. With so much opportunity inside of Chinese, they might then face clones not just abroad, but even at home. Of course, an auto industry that sells transportation rather than cars is radically different on its own. So those clones might not entirely come from within.

Kandi Technologies Group Inc (KNDI) Stock Research Links

KNDI Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Alaska's Insurance Maze: Coverage Over Cheap Policies

Updated Category News Views 35

Beyond Premiums: Assessing Real Coverage Needs The Alaskan wilderness isn't just home to stunning views; it's also a land where insurance needs to go beyond the average cookie-cutter policy. You'd think the cheapest option would suffice, but that's where residents might trip into financial quicksand. Devery Prince, a seasoned insurance principal, sheds light on why...

Continue Reading
Tony Perkins' Church Tour amid Controversial Vote

Updated Category News Views 89

Lining the pews in Missouri and Kansas, folks are about to get a powerful dose of Tony Perkins this weekend. The Family Research Council President is driving straight into the heart of both spiritual and political fervor at a couple of church stops on Sunday, October 25—right on the doorstep of a crucial vote in Missouri. Taking the Stage in a Time of Tension Now,...

Continue Reading
CapCut's AI Tools Reshape Video Content Creation

Updated Category News Views 63

AI Revolution in Marketing Content: CapCut Takes Lead It's like the old guard of marketing has hitched a ride on a rocket. In 2026, CapCut has stomped into the limelight with Better Business Advice giving them a nod for their prowess in AI-driven content creation. This isn't some passing trend; it's a seismic shift in how businesses craft their messages. CapCut ain't just...

Continue Reading
What to Expect: Your First Therapy Session Insights

Updated Category News Views 89

Starting With the Unknown: The Therapy Journey Begins Rolling into that first therapy session can feel like walking into a mystery with no clues. You're not alone if it stirs up some nerves—most folks feel the same, especially when it's your first rodeo in mental health support. That's where Cody Luke and David Spencer of Luke and Spencer Behavioral Health, based out in...

Continue Reading
Duolingo Faces Class Action: Deadline Looms for Plaintiffs

Updated Category News Views 136

Shaking up the education sector like a hot potato, investors have been thrown for a loop with Duolingo’s latest legal debacle. News broke that Kahn Swick & Foti, LLC, with significant backing from their heavyweight partner and former Louisiana Attorney General Charles C. Foti Jr., is spearheading a class action lawsuit against Duolingo, Inc. (NasdaqGS: DUOL). It’s one...

Continue Reading
COhatch Preps for High-Stakes Ohio Pitch Contest

Updated Category News Views 31

Ohio Startups Gear Up for Another Fierce Faceoff You wouldn't find me betting against a hungry entrepreneur, especially with $25,000 on the line. That's the prize dangling at this year's Dublin Pitch Competition, hosted by COhatch and the City of Dublin. If there's one thing I'm certain of, it's that Ohio will see some real contenders stepping up on October 15....

Continue Reading
Chemours Faces Class Action Over Fraud Allegations

Updated Category News Views 206

Chemours and the Aftermarket Mirage When it rains, it pours, and for Chemours, the forecast isn't looking sunny. Investors are gearing up to slap Chemours Company (NYSE: CC) with a securities fraud class action. Why, you ask? Overstatement of aftermarket demand for refrigerants left investors high and dry after stock prices took an 18% nosedive. On August 4, 2026,...

Continue Reading
Axon Body 5: A Leap Forward in AI for Public Safety

Updated Category News Views 112

Axon Raises the Stakes with Body 5 Camera Boy, oh boy, Axon's dropped a bombshell with the Body 5. We're talking a colossal leap into the AI era for public safety, and if you're in the biz, you can't just shrug this one off. We're looking at 25 times the AI processing power compared to Axon's old units. That's right, I said twenty-five. Real-time situational awareness in...

Continue Reading
Gildan Faces Lawsuit: Allegations of Deceptive Practices Shake Investors

Updated Category News Views 192

Gildan's Troubles Unveiled The financial jungle can be a pretty treacherous place, and Gildan Activewear Inc. (NYSE: GIL) just found out how fickle the market can be. An 18.7% nosedive in Gildan's stock price after a securities fraud class action came knocking—if that isn't enough to stir up a hornet’s nest among investors, I don’t know what is. The Catalyst:...

Continue Reading
Lunit, Summit Tackle Tumor Analysis with AI Platform

Updated Category News Views 212

Amid whispers of AI revolutionizing every industry, let's zero in on its latest pit stop—oncology R&D. Lunit, shaking hands with Summit Therapeutics, plans to bring artificial intelligence into the tumor microenvironment analysis game, thanks to the Lunit SCOPE IO platform. This isn't just another lab experiment; it's a step towards redefining how we understand cancer's...

Continue Reading

Top 5 Most Recently Viewed Articles

i3 Verticals' Strategic Shift Boosts Confidence in Future Growth

Updated Category News Views 53

i3 Verticals' Strategic Transformation Enhances Market Position i3 Verticals (NASDAQ: IIIV), recognized for providing integrated payment and software solutions, has recently received a boost in market confidence following the announcement of its significant $438 million divestiture. This strategic decision marks a pivotal moment for the company, allowing it to sharpen its...

Continue Reading
Understanding the Transformative Role of Placental Tissue for Healing

Updated Category News Views 93

Exploring the Benefits of Placental Allografts Marietta, GA – MiMedx Group, Inc. (NASDAQ: MDXG) has recently spotlighted the insights shared in a feature article about placental allografts, which focus on their application for healing complex wounds. This discussion surfaced through a compelling article in a major publication, highlighting the incredible advantages...

Continue Reading
Celebrate Impact: 13 Independent Coffee Shops Thriving Together

Updated Category News Views 326

Crimson Cup Supports Anniversaries of 13 Independent Coffee Shops Crimson Cup Coffee & Tea is proud to acknowledge the special anniversaries of 13 independent coffee houses this month. These remarkable shops are located in various states and have embraced their milestones, ranging from one year to an impressive 13 years of serving delicious coffee. The success these...

Continue Reading
Exploring Key UK Economic Trends Forecasted for 2025

Updated Category News Views 254

Insights on UK Economic Trends for 2025 The new year has arrived, and Deutsche Bank (ETR: DBKGn) has highlighted eight vital themes expected to influence the UK economy as we move further into 2025. Despite current uncertainties, analysts from Deutsche Bank express a level of optimism, indicating that government spending is likely to become a significant contributor to...

Continue Reading
Centene Corporation Reports Impressive Financial Results for 2024

Updated Category News Views 1146

Centene Corporation's Stellar 2024 Financial Overview Centene Corporation (NYSE: CNC) showcased robust financial performance for the year 2024, highlighted by a significant increase in diluted earnings per share (EPS) and revenue growth across various segments. The company's diluted EPS rose to $6.31, with an adjusted diluted EPS reaching $7.17, reflecting a 7% increase...

Continue Reading