Let me begin by saying Kandi Technologies makes circus bikes and cars. These are not real vehicles, by any stretch of the American imagination.
The typical Kandi electric vehicle looks like a SMART car hit with a shrink ray.
They also make 4-wheelers and scooters. This is a Chinese fun-car company.
Now let’s look at their checkered quarterly earnings performance, courtesy of Exodus:
It looks like they peaked out at about a $13million dollar quarterly profit, back when China was all that and a bag of pork snouts. Now China is stalling, stagnating even.
See also: IMF Reduces Global Growth Forecast by Nearly 6%
So when a pump piece, originating from a pump-looking site like this, pumps a stock like KNDI 2-3%, you know the end is nigh.
Shoot, Kandi Technologies has a rich valuation even for a burrito! Again, Exodus:
Scalp it or trade it quick, sure. But RUN, don’t walk, away from KNDI or anyone trying to peddle off its offal equity.
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