Kandi has also come up with a solution for the problem of recharging batteries with a battery ‘swapping’ option. Consumers who opt for a long-term lease instead of car-sharing can drive up for a convenient battery swap. This is particularly important for Chinese drivers who might not have the ability to plug in an electric car at home or work. Tesla may have the caught the attention of U.S. investors with its sleek electric sports cars and sophisticated publicity campaign. However, Kandi Technologies is a contender in its own market with rental options that make sense for its customers.
Just like shares of Tesla, KNDI followed a pretty steep trajectory in 2013. By the end of 2013, the stock had delivered 250% growth from its 52-week low in late January 2013. With the Hangzhou project coming on line in the coming months, it seems the company should be able to deliver earnings in a similar trajectory.