growth

New Electric Car Models, Battery Swap Model & Ride Share Focus Create Opportunities For Growth

By M. Marin

NASDAQ:KNDI

READ THE FULL KNDI RESEARCH REPORT

We are initiating coverage of Kandi Technologies, Inc. (NASDAQ:KNDI), which is positioned to benefit from transitions in mobility, we believe, as China and other governments encourage consumer adoption of green automotive solutions to reduce growing roadway congestion and pollution and, at the same time, consumer interest increases as EV performance improves. The company is working to change mobility through its line of electric vehicles (EVs), battery swapping model and ride-share focus. Global EV sales are growing and China, the company’s home market, has been among the fastest growing EV markets in the world. Moreover, China recently extended EV subsidies and tax exemptions to promote EV adoption amid rising concerns about deteriorating air quality.

In the U.S., KNDI’s wholly-owned Dallas-based subsidiary, SC Autosports, has a national sales presence that KNDI intends to leverage to grow sales of EVs and vehicle parts.

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Car industry no longer growth engine of German economy

Germany’s mighty car industry, which has been hit particularly hard by the coronavirus pandemic, is no longer the engine driving the country’s economy.

“For the first time in a decade, the auto industry is facing noticeable personnel adjustments and will initially fail as a growth engine for Germany,” says a new study by the German Economic Institute (IW), reported exclusively by Handelsblatt.

The results of the IW study are likely to hang over the meeting on Tuesday this week between the German government and the heads of the countries powerful car companies and automotive suppliers.

Already before the global COVID-19 pandemic hit, the automotive industry was struggling with overcapacity, as well as the need to invest billions to switch to electrification, and get their fleet emissions down in the face of tough new EU emissions standards.  

READ MORE: German car industry warns of job losses due to ‘unprecedented slump’

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These 15 car models saw the greatest growth in used sales since customers started buying again

2918 Nissan Rogue Sport.
2918 Nissan Rogue Sport.

Nissan

  • Car search engine and automotive research firm iSeeCars.com created a list of 15 vehicles that saw the greatest used car sale growth from May 2019 to May 2020.

  • The list also included the vehicles’ respective month-over-month growth in 2020 from April to May.

  • iSeeCars.com’s list — which is ranked by highest to lowest year-over-year growth — is topped by the Honda HR-V, which saw a 53.1% increase in used car sales from May 2019 to 2020.

  • However, the Mazda CX-5 saw the largest used car sale growth from April to May with a 108.9% spike.

  • On average, used cars saw a 12.5% decrease in sales from May 2019 to May 2020, but a 105.5% increase from April 2020 to May.

  • Visit Business Insider’s homepage for more stories.

Car search engine and automotive research firm iSeeCars.com created a list of 15 used vehicles that saw

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