Kandi Technologies Bags Largest Single Electric Vehicle Order Ever Forbes

19 мая 2014 | Author: | Комментарии к записи Kandi Technologies Bags Largest Single Electric Vehicle Order Ever Forbes отключены
Kandi Electric Cars

Kandi Technologies Bags Single Electric Vehicle Ever

The Kandi KD501 to be leased in Hangzhou. Photo by Chang.

The city of Hangzhou signed a strategic cooperation with Kandi Technologies and nine other companies to 20,000 electric vehicles for the city’s “pilot” EV leasing Kandi is the only EV supplier to part; other companies will supply the batteries Lithium (Lyoyang) Co. Ltd.) and by the local utility.

The utility fund construction of a charging and swap station network as as paying for the batteries.

The batteries will serve a use for grid stabilization, or Vehicle to (V2G) technology. The batteries be financed by charges to electricity because of this dual So, in addition to this being the EV sale ever announced, the is also effectively the largest trial of the use of EV batteries for V2G.

V2G is a much talked about in circles, but so far if has only seen scale pilot projects in the Part of the problem with V2G is typically the split incentives battery owners and the utility. owners naturally worry reduced performance of their expensive battery packs if are used for V2G.

The Hangzhou project neatly this conflict of interest the utility owns the batteries, and the EVs are available for lease.

Financial for Kandi

The program will in August, and is scheduled to be completed by the end of We can expect Kandi to sell EVs at a of over 1000 per month implementation. Kandi’s revenues for vehicle will be around per EV.

Kandi’s gross margins are 25% on its existing off-road vehicle and observers of the company tell me would be unlikely to undertake a if it earned substantially less that. We can expect an increase in profit of about $1300 to per vehicle, or about $0.70 per annual gross profit, of which will flow to earnings.

Kandi is already with trailing earnings of per share (EPS), so we can expect EPS for 2012 is likely to be around per share, and EPS for 2013 is likely to be $0.80 per share based on this deal and zero in the company’s existing business. The off road vehicle business has growing rapidly, and additional EV seem likely, so $0.40 and EPS in 2012 and 2013 should be a lower bound on earnings, will most likely be

China’s Aggressive EV Goals

rapid earnings growth continue if Kandi manages to a decent share of the 500,000 EVs by and 5,000,000 EVs by 2020 goals set by the government.

Kandi Electric Cars

China is currently behind in these EV adoption goals. because of the high cost of EVs Kandi rivals such as BYD and lack of charging stations. The pilot project, with its utility-financed build-out of charging and inexpensive mini-EVs from seems designed to address these problems.

Kandi’s may be just what the Chinese ordered.

Disclosure: Long

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Kandi Electric Cars
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