$康迪车业(KNDI)$ Shares in Kandi Technologies (KNDI) are up almost 16% pre-market, putting it on track for a record high in the regular session, after Forbes magazine wrote a positive article over the weekend about the company's electric car-sharing project in the Chinese city of Hangzhou, adding to recent momentum.
The company plans to make about 100,000 cars available to Hangzhou residents for hourly rental over the next few years. "If it goes as planned, there will be more EV drivers in Hangzhou than anywhere else in the world," the article said.
Kandi last week also indicated that Q4 was positive and 2014 was promising on a conference call.
The shares recently traded at $11.98, off a pre-market high of $12.25. The stock has never closed above that level in regular trading.