Kandi Technologies Group, Inc. (KNDI) Files Form 4 Insider Buying : Cheng(henry) Wang Buys 360 Shares

Kandi Technologies Group, Inc. (KNDI): Cheng(henry) Wang , CFO of Kandi Technologies Group, Inc. purchased 360 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.71 per share for a total value of $2,055.60 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 11, 2016, Jingsong Qian (director) sold 31,000 shares at $10.00 per share price.

Kandi Technologies Group Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Kandi Technologies Group Inc which led to swings in the share price. The shares opened for trading at $5.61 and hit $5.9031 on the upside , eventually ending the session at $5.76, with a gain of 1.23% or 0.07 points. The heightened volatility saw the trading volume jump to 369,393 shares. The 52-week high of the share price is $12 and the company has a market cap of $275 M . The 52-week low of the share price is at $5.05.

Kandi Technologies Group Inc Money Flow Index Chart

Kandi Technologies Group Inc. (Kandi) is engaged in the design development manufacturing and commercialization of electric vehicles (EVs) and electric vehicle parts which are distributed in China and global markets. The Company conducts its business operations through its wholly owned subsidiary Zhejiang Kandi Vehicles Co. Ltd. (Kandi Vehicles) and the partial and wholly owned subsidiaries of Kandi Vehicles. The Company sold its EV parts to the JV Company for manufacturing of the EV products. Among the total EV parts sales to the JV Company approximately 83% or the sales are related to the sales of battery packs. Approximately 6% of the sales are related to the sales of EV controller; approximately 5% of the sales are related to the sales of air conditioning units and approximately 4% of the sales are related to the sales of EV drive motors and the remaining 2% were related to the sales of body parts and other auto parts.

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