With Chinese electric-vehicle manufacturer Nio (NYSE:NIO) gaining a high profile among stock traders, some folks have turned their attention to Kandi Technologies Group (NASDAQ:KNDI) recently. After all, it’s conceivable that Kandi Technologies stock could spike just like Nio stock did.
The comparison is inevitable, as everyone wants to find the next Nio. And they want to own a company with similar growth to Nio, which in August posted a 104% year-over-year increase in its SUV sales.
But let’s not assume that the two companies are one and the same. Sure, they’re both electric -car manufacturers headquartered in China. Yet anyone who invests hard-earned capital in Kandi Technologies stock will want to know