- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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