georgie18
1 semana hace
KNDI...$1.07...Been loading and averaging down...🥳Down to $1.13 average...
KNDI...$1.07...Loading today...🥳...Had several nice trades/Flips ...Holding Average now at $1.20 range...
georgie18
Member Level
Re: None
Friday, October 11, 2024 9:28:59 AM
Post#
384323
of 386670
KNDI...$1.73...Nice move from $1.60 range to $2.10 range...retrace to this level...🥳Projected Annual Production and Sales for 2025-2029:
1. Expected production and sales of various off-road electric vehicles: annual units of 36,000, 44,000, 56,300, 65,060, and 77,472 from 2025 to 2029, respectively. These sales are expected to generate annual revenue of $185 million, $248 million, $357 million, $423 million, and $526 million, with gross margins expected to exceed 30%. Kandi anticipates that approximately two-thirds of these vehicles will be sold in North America, with the remaining third distributed across Europe and Southeast Asia.
2. In 2025, Kandi plans to invest $100 million in the United States to establish a lithium battery manufacturing and battery pack facility with an initial annual capacity of 1 GWh. This facility is projected to take 18 months to complete and is anticipated to generate approximately $230 million in annual revenue upon reaching full capacity, with a gross margin expected to be above 30%. The entire project is designed to achieve a total capacity of 3 GWh, constructed in three phases. The timing of the second and third phases will depend on the progress made during the initial phase.
3. Additionally, in 2025, the Company plans to invest $30 million to establish a production line in the United States for all-terrain vehicles, including golf carts and utility vehicles. The construction is expected to take 12 months, and once fully operational, the facility will have an annual production capacity of 50,000 units, with products for the North American market transitioning to this U.S.-based facility.
4. The Company’s smart mobility solutions business projections: annual revenue of $24.37 million, $31.68 million, $41.93 million, $53.55 million, and $69.61 million from 2025 to 2029, respectively, with corresponding net profits of $3.9 million, $5.07 million, $6.59 million, $8.56 million, and $11.13 million.
5. Production and sales of the battery swapping equipment business: Kandi anticipates 100, 200, 300, 400, and 500 units annually from 2025 to 2029, generating revenue projected to be $20 million, $40 million, $60 million, $80 million, and $100 million, respectively, with gross margins anticipated to exceed 30%. Kandi aims to establish itself as a strategic supplier and leading force in this sector.
6. Battery swapping operations: projected annual revenue of $1 million, $4 million, $8 million, $13 million, and $17 million, with gross margins above 20%.
7. Other product lines, including motors and batteries: projected annual revenue of $18 million, with approximate gross margins of 25%.
georgie18
2 semanas hace
KNDI...$1.07...Loading today...🥳...Had several nice trades/Flips ...Holding Average now at $1.20 range...
georgie18
Member Level
Re: None
Friday, October 11, 2024 9:28:59 AM
Post#
384323
of 386670
KNDI...$1.73...Nice move from $1.60 range to $2.10 range...retrace to this level...🥳Projected Annual Production and Sales for 2025-2029:
1. Expected production and sales of various off-road electric vehicles: annual units of 36,000, 44,000, 56,300, 65,060, and 77,472 from 2025 to 2029, respectively. These sales are expected to generate annual revenue of $185 million, $248 million, $357 million, $423 million, and $526 million, with gross margins expected to exceed 30%. Kandi anticipates that approximately two-thirds of these vehicles will be sold in North America, with the remaining third distributed across Europe and Southeast Asia.
2. In 2025, Kandi plans to invest $100 million in the United States to establish a lithium battery manufacturing and battery pack facility with an initial annual capacity of 1 GWh. This facility is projected to take 18 months to complete and is anticipated to generate approximately $230 million in annual revenue upon reaching full capacity, with a gross margin expected to be above 30%. The entire project is designed to achieve a total capacity of 3 GWh, constructed in three phases. The timing of the second and third phases will depend on the progress made during the initial phase.
3. Additionally, in 2025, the Company plans to invest $30 million to establish a production line in the United States for all-terrain vehicles, including golf carts and utility vehicles. The construction is expected to take 12 months, and once fully operational, the facility will have an annual production capacity of 50,000 units, with products for the North American market transitioning to this U.S.-based facility.
4. The Company’s smart mobility solutions business projections: annual revenue of $24.37 million, $31.68 million, $41.93 million, $53.55 million, and $69.61 million from 2025 to 2029, respectively, with corresponding net profits of $3.9 million, $5.07 million, $6.59 million, $8.56 million, and $11.13 million.
5. Production and sales of the battery swapping equipment business: Kandi anticipates 100, 200, 300, 400, and 500 units annually from 2025 to 2029, generating revenue projected to be $20 million, $40 million, $60 million, $80 million, and $100 million, respectively, with gross margins anticipated to exceed 30%. Kandi aims to establish itself as a strategic supplier and leading force in this sector.
6. Battery swapping operations: projected annual revenue of $1 million, $4 million, $8 million, $13 million, and $17 million, with gross margins above 20%.
7. Other product lines, including motors and batteries: projected annual revenue of $18 million, with approximate gross margins of 25%.
georgie18
2 meses hace
KNDI...$1.73...Nice move from $1.60 range to $2.10 range...retrace to this level...🥳Projected Annual Production and Sales for 2025-2029:
1. Expected production and sales of various off-road electric vehicles: annual units of 36,000, 44,000, 56,300, 65,060, and 77,472 from 2025 to 2029, respectively. These sales are expected to generate annual revenue of $185 million, $248 million, $357 million, $423 million, and $526 million, with gross margins expected to exceed 30%. Kandi anticipates that approximately two-thirds of these vehicles will be sold in North America, with the remaining third distributed across Europe and Southeast Asia.
2. In 2025, Kandi plans to invest $100 million in the United States to establish a lithium battery manufacturing and battery pack facility with an initial annual capacity of 1 GWh. This facility is projected to take 18 months to complete and is anticipated to generate approximately $230 million in annual revenue upon reaching full capacity, with a gross margin expected to be above 30%. The entire project is designed to achieve a total capacity of 3 GWh, constructed in three phases. The timing of the second and third phases will depend on the progress made during the initial phase.
3. Additionally, in 2025, the Company plans to invest $30 million to establish a production line in the United States for all-terrain vehicles, including golf carts and utility vehicles. The construction is expected to take 12 months, and once fully operational, the facility will have an annual production capacity of 50,000 units, with products for the North American market transitioning to this U.S.-based facility.
4. The Company’s smart mobility solutions business projections: annual revenue of $24.37 million, $31.68 million, $41.93 million, $53.55 million, and $69.61 million from 2025 to 2029, respectively, with corresponding net profits of $3.9 million, $5.07 million, $6.59 million, $8.56 million, and $11.13 million.
5. Production and sales of the battery swapping equipment business: Kandi anticipates 100, 200, 300, 400, and 500 units annually from 2025 to 2029, generating revenue projected to be $20 million, $40 million, $60 million, $80 million, and $100 million, respectively, with gross margins anticipated to exceed 30%. Kandi aims to establish itself as a strategic supplier and leading force in this sector.
6. Battery swapping operations: projected annual revenue of $1 million, $4 million, $8 million, $13 million, and $17 million, with gross margins above 20%.
7. Other product lines, including motors and batteries: projected annual revenue of $18 million, with approximate gross margins of 25%.
mgland
11 meses hace
interesting read
https://www.yahoo.com/finance/news/germany-recession-detroit-reeling-over-201412706.html
Fortune
With Germany in recession and Detroit reeling over ultra-cheap Chinese EVs, Beijing vows to crack down on ‘blind’ construction of new projects
Steve Mollman
Fri, January 19, 2024 at 12:14 PM PST·5 min read
China is making automakers around the world nervous. Its domestic carmakers—helped by generous state subsidies—are churning out alarmingly inexpensive electric vehicles at a relentless pace, saturating their home market and threatening EV manufacturers overseas.
But they might be getting carried away, a high-ranking Chinese official suggested on Friday.
Xin Guobin, vice-minister of industry and information technology, said that Beijing would take “forceful measures” to address what he called “blind” construction of new EV projects—i.e., not justified by demand—by some Chinese carmakers and local authorities, as reported by the Financial Times.
His comments come amid pressure from Europe in particular over a flood of low-priced Chinese EVs hitting its markets.
“Their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen said in September. “And as we do not accept this distortion from the inside in our market, we do not accept this from the outside.”
To be sure, it’s more the threat posed by Chinese EVs in the long run than the current reality that has EU officials concerned. In Germany, the center of EU automaking, Chinese EVs still have just a small sliver of market share. But it’s growing fast, and that has many in Europe’s automotive powerhouse worried amid fresh economic woes, even as German carmakers—who do brisk business in China—have warned against tariffs on Chinese EVs for fear of retaliation by Beijing.
EU probes Chinese subsidies
In the weeks ahead, EU investigators will visit Chinese EV makers BYD, Geely, and SAIC as part of a probe into whether they have an unfair advantage thanks to government subsidies. Their visits—part of an EU probe announced in September and set to run for 13 months—will help determine whether the EU imposes higher tariffs to protect European carmakers.
Of course, more than subsidies are at play. “The Chinese car companies are extremely competitive,” Tesla CEO Elon Musk said at the New York Times Dealbook conference last year. “China is super good at manufacturing, and the work ethic is incredible.”
Musk suggested that Chinese companies will emerge as dominant players in the global automotive industry—a sharp departure from when he laughed about the quality of BYD cars in 2011.
Chinese EV makers also have supply-chain efficiencies that are tough to beat. BYD, for instance, keeps its costs low partly by owning the entire supply chain of its EV batteries, significant since a battery accounts for roughly 40% of an electric vehicle’s price. Backed by Warren Buffett’s Berkshire Hathaway, the Chinese carmaker recently overtook Tesla in global sales of electric vehicles.
Whereas Chinese EV makers face 27.5% tariffs in the U.S., in the EU that's just 10%. That’s encouraged them to target Europe as their home market gets increasingly crowded, although they’re also expanding quickly elsewhere, including in Southeast Asia and Latin America.
Last year, an Allianz Trade report stated that China’s EV makers pose a significant threat to European carmakers, particularly the “automotive-dependent economies of Germany, Slovakia and Czech Republic.” It called for higher tariffs on Chinese EVs, estimating that by 2030 they could cost Europe’s carmakers 7 billion euros per year in lost profits.
In the EU, Chinese-made EVs typically sell for 20% less than those made in the bloc, and their share of the EV market, which has grown to 8%, could reach 15% by 2025, according to Reuters.
The coming wave of Chinese EVs in America
Last year in China, BYD launched the Seagull, an EV with a cutthroat price of about $11,000. It quickly became one of the best-selling EVs in China. The Seagull and similar models from China could prove to be a disruptive force in overseas markets.
Chinese EVs might also become a common sight on American roads, eventually.
“No one can match BYD on price. Period,” Michael Dunne, CEO of Asia-focused car consultancy Dunne Insights, told the Financial Times earlier this month. “Boardrooms in America, Europe, Korea, and Japan are in a state of shock.”
Made-in-China EVs are sold in more than 100 countries, and the U.S. is the only market where they “have not yet really begun a big assault,” ZoZo Go CEO Michael Dunne, whose advisory firm specializes in the Chinese EV industry, told the Wall Street Journal.
Chinese EV makers are now searching for manufacturing sites in Mexico, which has a free trade agreement with the U.S. and Canada and could serve as a backdoor to those markets, a scenario American lawmakers have warned about.
Meanwhile, U.S. automakers have largely scaled back their EV ambitions—after making large initial investments—as demand has not been as great as anticipated. In a sign of the times, perhaps, all four of America’s largest carmakers passed on running Super Bowl ads this year—the first time that’s happened in 23 years.
But the threat from China has industry leaders on edge. Last summer, Ford executive chairman Bill Ford Jr. warned that American automakers are “not quite yet ready” to compete with Chinese rivals on EVs. “They developed very quickly, and they’ve developed them in large scale, and now they are exporting,” he told CNN. “They are not here, but they will come here we think at some point and we need to be ready.”
This story was originally featured on Fortune.com
Up next
Business Insider
Expert lays out why last year was a 'perfect storm' to slow down EVs — and explains 3 reasons China is winning the race for electrification
Graham Rapier,Cadie Thompson
Sat, January 20, 2024 at 2:57 AM PST·3 min read
2
2023 was a "perfect storm" for electric vehicles, one expert says.
Prices for EVs remain stubbornly high, limiting further growth.
Chinese automakers have found a way to profit while selling cheaper vehicles to more people.
Last year marked a dramatic shift for automakers and their transition to electric vehicles.
After years of growth, demand slowed as new competition hit the market, and a wave of early adopters gave way to a more price-sensitive customer.
That's led to some soul-searching among manufacturers, some of whom have reduced their manufacturing plans in step. High interest rates and expensive charging didn't help.
It was all a "perfect storm" on a macroeconomic level for the industry, according to Nikolaus Lang, a senior partner at Boston Consulting Group and expert in the mobility industry.
"Now, we need to do this next step toward much more of a volume segment," he told Business Insider on Wednesday at the World Economic Forum in Davos, Switzerland. "You cannot have EVs that cost $70,000, $80,000, you need to get EVs down to $30,000 or less. I think that's something the industry is still working on."
The average price for a new EV has fallen dramatically, to $50,789 by December 2023 from above $64,000 the year prior, according to Kelley Blue Book. But EV prices are still about 28% more expensive than average gas-vehicle prices, an analysis by CarGurus found.
That's helped usher in a "new realism when it comes to alternative power trains," Lang said. Hybrids have excelled in popularity as an emissions-conscious option at a cheaper price without some of the classic EV worries, like range anxiety or charging.
What the US still can't figure out
While American automakers continue to churn out massive, heavy EVs that sell for high prices to a small niche of the market, Chinese automakers like BYD have produced mass-market vehicles for a fraction of the cost.
Lang laid out three reasons China is finding success where competitors are struggling:
Scale
"The Chinese OEMs are already profiting off a large domestic market," he said. "So they are very quick when it comes to scale, which other OEMs do not yet have because the market in Europe and in the US is limited," he said. (OEMs, or original equipment manufacturers, is an industry term for automakers).
Battery technology
"China has always been at the forefront when it comes to battery technology, and that helps these players who are closely connected to the battery production," he said.
Regulation
"The Chinese OEMs have also profited off of a regulatory environment of government incentives, which allowed them to take off, I would say, earlier in a bolder fashion," he said.
"The Chinese EV players are here to stay," he continued.
Chinese automakers have begun exporting their cheaper models to Latin America and parts of Europe. They may eventually try entering the US market, Lang said, but it might not be easy given all the local competition and incentives to buy domestically.
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