Kandi Technolgies Corp. (KNDI) Tempts Investors with Electric Vehicles

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GM is also on the cutting edge of electric vehicle technology with its Chevrolet Volt. With a recent price cut of $6,000 for the vehicle, the return on equity on the car could be on the rise. Lower costs for manufacturing will allow GM to drop the price to a more attractive level for buyers. GM may have to rely on electric vehicles to increase profits, however. The firm only had a 3% net profit last year.

What it all boils down to

When it comes down to it, there could be major profits made in China in the electric vehicle market. This is not only because of the country’s massive population, but also due to its poor air quality. State-initiated charging stations in China could help guide profits for Kandi Technolgies Corp. (NASDAQ:KNDI), but the question is about how dedicated China is to decreasing pollution through electric vehicles. Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) and GM, however, already have a lock on the electric vehicle market, and as people become more comfortable purchasing electric vehicles their sales will increase dramatically.

Phillip Woolgar has no position in any stocks mentioned. The Motley Fool recommends General Motors Company (NYSE:GM).

The article Kandi Tempts Investors with Electric Vehicles originally appeared on Fool.com.

Phillip is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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