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Discussion Starter #1
Kandi: Chinese Reverse Merger -> long-term loser

http://wallstcheatsheet.com/breaking-news/who-played-a-hidden-role-in-these=
-chinese-reverse-mergers.html
Who Played A Hidden Role in These Chinese Reverse Mergers?
By Chris Carey Jan 15 2011 ... You won=92t find S. Paul Kelley=92s name =

in any Securities and Exchange Commission filings. But the Canadian =

stock promoter pops up in photo after photo taken at the NASDAQ and =

American stock exchanges, usually smiling and surrounded by executives
at Chinese companies that went public through reverse mergers.

A Sharesleuth investigation found ... Although most of the Chinese =

companies that Kelley and his associates brought to the United States =

saw brief spikes in their share prices, nearly all have become =

long-term losers.

THE CREATIONS
Kelley has helped at least 11 Chinese companies go public through =

reverse mergers. They are: Telestone,Orsus Xelent,New Oriental Energy

* Kandi (KNDI). The company, which currently has headquarters in =

Jinhua, makes all-terrain vehicles and go carts, and is developing =

its own line of electric cars. Kandi became a public company in 2007.

[China INSOnline,China Auto Logistics,China Infrastructure Investment,
Guanwei Recycling,Winland Online Shipping,CH Lighting,Chisen Electric]
KANDI
Kandi is perhaps best known as a maker of go karts, three-wheeled =

motorcycles, utility trucks and other specialized vehicles. It also =

produces a low-speed, electric car known as the Coco.

Kandi is developing a new line of larger, faster electric cars. To =

help spur sales, it has announced plans to set up a network of =

battery-changing stations in partnership with a batter maker and State
Grid Power Corp.

[kandidirect.com] says the stations will allow electric-vehicle owners
to quickly swap depleted batteries for fully charged ones, reducing =

the need for them to charge the vehicles themselves ... =

[=A9 2011 Wall St. Cheat Sheet]


Move to OK City> get 2 rebates> buy a nEV for $865

http://www.autoevolution.com/news/kandi-coco-the-cheapest-car-in-the-world-=
865-14825.html
Kandi Coco, the Cheapest Car in the World: $865
23 Dec 2009 Daniel Patrascu
When Tata Nano heard about the availability, on US soil, of a car =

which is cheaper than its, its headlamps fell off, and so did its =

self-esteem (if it had any). The rival to the cheapest car in the =

world title is called Kandi Coco (?), it debuted at the 2009 NADA =

Show, it went on sale in March has a price of only...$865.

Now, before you get your hopes up and rush to buy your own Chinese-
made copy of the smart (because, yes, it is Chinese), you should know
the low price may give you additional headaches. Like, for one, you =

would need to live (or move) to Oklahoma to buy one for that amount.

The Coco cost (no pun intended), in fact, $10,599, as autoblog.com =

reported. On paper, because, thanks to a $4,435 federal government =

deduction and a $5,299 Oklahoma rebate, the cost is brought down to =

$865. Some would say it is still worth it...

But wait, there's more. The Coco is a low-speed vehicle, with the top
speed rated at 25 mph. Moreover, it's an electric vehicle with a top
range of 50 to 60 miles per charge...

Surprised, are you? Well, don't be. It looks better than the Nano, =

it's cleaner, and definitely cheaper (again, only if you are an =

Oklahoma resident) that the Indian contender. Sure, it is slow; then =

again, it's faster than a bicycle and at times cheaper than one...

Eat you combustion engine out, Nano! Nobody said you have to dream of =

being sold globally, or that the government shouldn't help you, to be
named the cheapest car in the world! Additional details and specs can
be found here. [
http://www.autoevolution.com/news/kandi-coco-full-details-specs-and-photos-=
14917.html
http://www.autoevolution.com/pdf/news_attachements/kandi-coco-full-details-=
specs-and-photos-14917.pdf
=A9 2008-2011 SoftNews NET. All rights reserved.]
...
http://www.kandidirect.com/?page_id=3D45
...
http://www.youtube.com/watch?v=3DNI9IXlwJQZw
[video] Kandi Coco 2 min Oct 14 2008
...
http://www.youtube.com/watch?v=3D3y4zrwFD2K4
[video] Kandi Coco 2:53 mn March 10 2010
...
http://www.autotropolis.com/green-cars-guide/kandi-coco-electric-vehicle-pr=
iced-below-900-for-oklahoma-residents.html
Kandi CoCo Electric Vehicle Priced Below $900 for Oklahoma Residents
by Benjamin Hunting 12/29/2009 [=A9 2009 Chrome Systems, Inc.]
...
http://en.wikipedia.org/wiki/Okie








{brucedp.150m.com}

-- =

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Discussion Starter #2
Bill Dube wrote:
>
> Anyone that knows anything about lead-acid knows
> this scheme is doomed. The lead-acid batteries
> will sit for days (hot days) partially charged or
> even fully discharged between swaps. Sulfation
> will ruin these batteries in just a few cycles as
> they sit in the heat discharged.
>
> http://www.thetradingreport.com/2010/12/08/kandi-technologies-%E2%80%93-an-intelligent-vehicle-electrification-plan/
>
> It will work with any other battery technology
> but lead-acid. They have partnered with a
> lead-acid battery manufacturer, so lead-acid it will be.

I believe KANDI and/or the battery company retains ownership of the
batteries and plans to very cheaply rebuild ruined batteries. The
rebuilt batteries should be a lot cheaper than new batteries built
using recycled material. If they achieve sufficient turn over, the
stock should not be sitting around long. But, don't mistake me for a
lead-acid fanboy.

--
Willie, ONWARD! Through the fog!
http://counter.li.org Linux registered user #228836 since 1995
Debian3.1/GNU/Linux system uptime 130 days 8 hours 26 minutes

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Discussion Starter #3
Cor,

Surely one isn't going to *need* a re-charging station every few
blocks as most EV-using city dwellers/visitors will be able to charge
at home for 95% of their use. This is one of the EV's main advantages
over the ICE-based auto scene. The need for fast re-charging stations
away from the main population centres however is imperative.

Agree 100% with Bill tho - Lead is dead (in the context of a future EV
populated world).

Regards, Martin Winlow
Herts, UK
http://www.evalbum.com/2092
www.winlow.co.uk


Cor van de Water wrote:

> Another issue is that it will not be easy to have
> swapping stations as dense as gas stations located
> every few city blocks, so you need to drive more
> to get to and from the swapping station, besides
> your normal daily driving. Who wants to drive more
> if the best characteristic of any EV is that you
> can charge at home - except this one?
>
> The $6 per swap means that the car is not cheaper in
> operation than other efficient vehicles, because
> nobody will get the advertised 150km range, especially
> if the swapping station is another 10 km away from you
> and you don't like to gamble on the last electrons to
> arrive there, then you have no more than 100-120km of
> range, which is typically not achieved under normal driving
> so assuming normal driving you might have about 80 km.
> This is 50 miles for $6 and this means that many efficient
> ICE vehicles will beat the operational cost of this EV.
>
> So, unless the vehicle is very attractively priced or can
> be leased or used as "Greenwheels" type of rent-as-you-go
> I doubt that this model will work.
> But as always, time will tell...
>
> Cor van de Water
> Director HW & Systems Architecture Group
> Proxim Wireless Corporation http://www.proxim.com
> Email: [email protected] Private: http://www.cvandewater.com
> Skype: cor_van_de_water IM: [email protected]
> Tel: +1 408 383 7626 VoIP: +31 20 3987567 FWD# 25925
> Tel: +91 (040)23117400 x203 XoIP: +31877841130
>
> -----Original Message-----
> From: [email protected] [mailto:[email protected]] On
> Behalf Of Bill Dube
> Sent: Thursday, January 20, 2011 8:30 PM
> To: Electric Vehicle Discussion List
> Subject: Re: [EVDL] Kandi: Chinese Reverse Merger | $865 Coco nEV by
> going Okie
>
> They plan a lead-acid "swap only" EV. No on-board charger. No home
> charging allowed. You swap the 1000 lb lead-acid battery for $6.
>
> Anyone that knows anything about lead-acid knows this scheme is
> doomed.
> The lead-acid batteries will sit for days (hot days) partially charged
> or even fully discharged between swaps. Sulfation will ruin these
> batteries in just a few cycles as they sit in the heat discharged.
>
> http://www.thetradingreport.com/2010/12/08/kandi-technologies-%E2%80%93-
> an-intelligent-vehicle-electrification-plan/
>
> It will work with any other battery technology but lead-acid. They
> have
> partnered with a lead-acid battery manufacturer, so lead-acid it will
> be.
>
> Bill D.
>
> At 09:59 PM 1/19/2011, you wrote:
>
>> Kandi: Chinese Reverse Merger -> long-term loser
>>
>> http://wallstcheatsheet.com/breaking-news/who-played-a-hidden-role-in-t
>> hese-chinese-reverse-mergers.html



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Discussion Starter #4
It's funny, but "AltEnergyStocks" at TheTradingReport.com seems to
have it backwards.

First he admits he's not a fan of EVs; "The last thing regular readers
expect from me is an article praising a vehicle electrification plan,"

Then he goes on to praise this proposal which is based on swappable
lead acid batteries and no ability for the driver to charge.

It's a shame someone as uninformed as him should have any substantial audie=
nce.

DAC

Lee Hart <[email protected]> wrote:
> On 1/20/2011 8:59 AM, Bill Dube wrote:
>> They plan a lead-acid "swap only" EV. No on-board
>> charger. No home charging allowed. You swap the
>> 1000 lb lead-acid battery for $6.
>>
>> Anyone that knows anything about lead-acid knows
>> this scheme is doomed. The lead-acid batteries
>> will sit for days (hot days) partially charged or
>> even fully discharged between swaps. Sulfation
>> will ruin these batteries in just a few cycles as
>> they sit in the heat discharged.
>
> It sure sounds likely based on this article. Anyone who knows anything
> about lead-acid batteries would advise them against such a plan. Either
> they aren't listening to anyone with real-world experience, or the
> reporters got their facts completely wrong. The latter strikes me as the
> more likely scenario.
> --
> Lee A. Hart | Ring the bells that still can ring
> 814 8th Ave N | Forget the perfect offering
> Sartell MN 56377 | There is a crack in everything
> leeahart earthlink.net | That's how the light gets in -- Leonard Cohen
>
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