Kandi Technologies: Gains as U.S. sales of new UTV to begin this year

Kandi Technologies

24/05/2021 15:18

** U.S.-listed shares of Chinese electric automaker  KNDI.O 
up ~1% at $5.12 in morning trade 
    ** Co unveils five prototypes of its new K32 Utility Terrain
Vehicle (UTV); expects to begin sales of the K32 in the U.S. in
2021
    ** The K32 has a pure electric four-wheel-drive propulsion
and a driving range of over 60 miles  urn:newsml:reuters.com:*:nGNX2DBT9p
    ** Vehicles to be produced at its factory in Hainan, China
    ** Stock down 26% YTD

 (Reporting by Sanjana Shivdas in Bengaluru)
 ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 1642; Twitter:
@SanjanaShivdas;))