DALLAS, Jan. 5, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Kandi Technologies Corp. (Nasdaq:KNDI). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/KNDI
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Kandi Technologies Corp. (KNDI) is engaged in the design, development, manufacturing and commercializing of all-terrain vehicles, go-karts and specialized automobile related products for the People's Republic of China and global export markets. KNDI's products include off-road vehicles, motorcycles and mini-cars.
In the report, the analyst notes:
"In the 2009 third quarter, for the second quarter in a row, the Company also reported a small profit that nevertheless was lower than net income of $1,014,545 reported in the third quarter last year. The Company said that reported net income of $576,150 in the 2009 third quarter reflected a substantial (+187%) increase in R&D costs over the same period in 2008, which the Company incurred as it continues to ramp up plans for sales in China of its new diesel powered pick up for farmers and to introduce its all electric COCO.
"The Company recently announced it has formed an alliance with China Potevio/CNOOC New Energy and Power Ltd. (a joint venture of China National Offshore Oil Corp. (CNOOC) and China Potevio Co.) and Tianneng Power International Ltd. to accelerate the commercialization and mass adoption of Pure Electronic Vehicles in China. KNDI said the companies believe they are the first in China to develop an innovative automotive transportation business model that creates a comprehensive solution to combat obstacles that hinder an 'oil-free future.'"
To read the entire report visit: http://www.beaconequity.com/i/KNDI
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