Kandi Technologies Enters Real Estate Repurchase Agreement with Local Government to Optimize Manufacturing Operations
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
--Will Optimize Production in New EV Development Zone----Current Land and Facilities to Be Repurchased by City----Kandi to Receive Substantial Cash Inflow-- JINHUA, CHINA, March 09, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that the company signed a real estate repurchase agreement (the “Agreement”) between Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles"), its wholly-owned subsidiary in China, and the Jinhua Economic and Technological Development Zone (“Jinhua Development Zone” or “local government”) that will enable Kandi Vehicles to optimize its production efficiency, lower operating costs, and generate a substantial cash inflow of over RMB 1 billion (USD143.9 million) by monetizing one of its largest assets. Under the terms of the agreement signed on March 6, 2020, Kandi Vehicles will move its current production to a new facility in the New Energy Automotive Zone (“EV Zone”). The new EV Zone is loc
Show less
Read more
Impact Snapshot
Event Time:
KNDI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KNDI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KNDI alerts
High impacting Kandi Technologies Group, Inc. - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
KNDI
News
- Kandi Technologies Group Third Quarter 2024 Earnings: US$0.048 loss per share (vs US$0.011 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Kandi Technologies to Report Third Quarter 2024 Financial Results and Hold a Conference Call on November 18, 2024GlobeNewswire
- Kandi Technologies’ Board Approves Several Major Initiatives and New Management’s 2025-2029 Projected Growth PlanGlobeNewswire
KNDI
Sec Filings
- 11/18/24 - Form 6-K
- 11/13/24 - Form 6-K
- 10/11/24 - Form 6-K
- KNDI's page on the SEC website