Kandi Technologies Group Inc
EV maker stocks, including NIO (NYSE:NIO), Tesla (NASDAQ:TSLA), and Nikola (NASDAQ:NKLA), have seen a meteoric rise this year.
Amid the global pandemic and somber mood elsewhere, 2020 has been incredible for EV stocks. Their gains have beat the benchmark indices.
On Wednesday, NIO (NIO) continued to trade on a strong bullish note for the seventh consecutive session.
With the help of huge subsidies and favorable policies, the Chinese government seems to be determined to keep the electric vehicle revolution in the country alive.
On Friday, Kandi Technologies (KNDI) stock crashed by nearly 10% after it announced its first-quarter results.