Digital News Report – Kandi Technologies, manufacturer of off-road vehicles, gained value as the company announced a strategic alliance with China National Offshore Oil Corporation in a joint venture. They will also be working with China Potevio, as well as Tianneng Power International according to a report from thestreet.com.
Stock prices rose 66 cents to $5.06 per share. That is a 15 percent gain in value.
The companies are working together to speed up the adoption of “pure” electric vehicles (or electronic vehicles). The average 50 day volume for the company was 286,000. The volume today is 1.5 million shares, according to Business Week.