Kandi Subsidiary Enters Mass Production Of LFP Battery

by Shivani Kumaresan, Benzinga Staff Writer

December 28, 2021 10:08 AM | 1 min read |

Kandi Technologies Group Inc's KNDI wholly owned subsidiary Jiangxi Province Huiyi New Energy Co Ltd (Huiyi) has entered mass production of its lithium iron phosphate (LFP) battery IFR18650-2200mAh.
The IFR18650-2200mAh has a 10% higher energy capacity than the 18650-2000mAh created in 2019 and is 22% higher than the current industry average.
"We are confident that Kandi can strengthen its market position in the supply chains of various electric vehicles as we integrate Huiyi into our operations," said Chairman and CEO Hu Xiaoming.
Price Action: KNDI shares are trading higher by 8.38% at $3.62 on the last check Tuesday.

Posted In: News Penny Stocks Movers Trading Ideas Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.