Kandi Technologies Group Aktie

Kandi Technologies’ subsidiary Kandi Electric Vehicles (Hainan) has signed an exclusive five-year strategic cooperation agreement with Zhejiang Greentown Community Business Group to introduce low-speed electric sightseeing vehicles and related dispatch, safety and tracking systems in residential communities. Kandi will supply vehicles and intelligent operations and service solutions, while Greentown will provide property-management and community-management expertise; the goal is an integrated product, operations and service model for intra-community local transport. The agreement comes despite operational challenges at Kandi (market capitalization $60.38 million, revenue down 31% to $87.44 million over the past 12 months), while the balance sheet reportedly shows more cash than debt and a current ratio of 2.34; the stock is trading at a low price-to-book ratio of 0.22. » More on de.investing.com