See the first self-driving car to take a spin on NYC streets. But you will have to act fast to get that ultra-low price. Many states also offer additional tax credits for purchases of new electric vehicles so the price could be even lower for some. But don't expect a full-fledged car for that money. Buyers will want to look closely at what they're getting for that low, low price, though.
The K27 can drive miles on a single charge, according to the company. It also remains unclear just how safe and reliable these cars are. The Kandi K27 gets that far, at least in part, by not asking much from its small 18 kilowatt-hour battery pack. Its electric motor manages only 27 horsepower and the car's top speed is just 63 miles an hour.
Read More. Given its weak motor, the K27 takes a while to reach that top speed, Kandi America chief executive Johnny Tai admitted. CNN Business has not had the chance to test drive any of the company's cars. The K27 is intended to be an urban errand runner, essentially a step or two up from an electric motorbike, he said.
It is not expected to fill the role of an everyday car that can take a family on long road trips, Tai added. For customers looking for something more like a "real car," Kandi offers the K Bucking more than a century of auto industry tradition, Kandi gave its larger, more expensive car a lower number than the smaller, cheaper model.
The numbers relate to when the models were introduced rather than to their size or sophistication, Tai explained. The new electric Mini Cooper is a blast. Too bad it's also impractical. Besides being roomier -- it's 1. EV stocks have posted incredible gains in recent years, and some companies have been rapidly scaling their businesses, but market enthusiasm for the space wavered in March.
Kandi published its full-year results near the end of the month, with sales and earnings falling short of Wall Street's targets, but the company's share price ticked up following the release thanks to encouraging guidance. Kandi's U. Kandi also announced on March 24 that it would be moving into the powersports market with upcoming lines of ATVs and bikes. Sales were down Kandi Technologies stock has regained some ground early in April's trading.
The company's share price has risen roughly 3. With revenue declining substantially over the last year, it shouldn't come as a surprise that the company trades at much lower price-to-sales multiples compared to other players in the EV space. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price.
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