Kandi Jumps on Electric Vehicle Order as China ADRs Gain in U.S.
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Kandi Technologies Group Inc., the second worst-performing U.S.-traded Chinese stock this year, rose to one-week high as the company said 2,000 of its electric vehicles are to be used for public transit in Kunming city.
The stock gained 6 percent to $8.07 on Monday. A Bloomberg gauge of Chinese stocks traded in New York jumped 1.9 percent in its third straight gain.