Kandi Rises on Electric Vehicle Sales Plan as China Boosts Use
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Kandi Technologies Group Inc. rose to a three-week high after the Chinese specialty automaker said it’s starting retail sales of electric vehicles as the government promotes the use of alternative-energy transportation.
The stock rallied 3.6 percent to $13.24 in New York. Trading volume of 1.1 million shares was 1.5 times the three-month average. A Bloomberg gauge of the most-active U.S.-traded Chinese stocks gained 0.9 percent.