Kandi Technologies: Falls on drop in Q2 EV parts sales

Kandi Technologies

10/08/2020 14:29

** Shares of China-based electric automaker  KNDI.O  down
~6% premarket at $8.50
    ** Reports Q2 rev of $19.4 mln, down 19.5% from the same
period last year; EV parts sales down 34.1% to $12.5 mln
 urn:newsml:reuters.com:*:nGNX1Sv6MX
    ** Co says it had cash and cash equivalents of $3.5 mln,
restricted cash of $3.2 mln, working capital of $75.6 mln, as of
June 30, 2020
    ** Stock up ~92% YTD

 (Reporting by Shreyasee Raj in Bengaluru)