QualityStocks.net News – Kandi Technologies, Corp. (KNDI) Receives New Rating from Dutton Associates

At www.QualityStocks.Net you can sign up for Quality Stock's Daily Newsletter to find out what Small-Cap and Micro-Cap online Investment Newsletters are interested in, plus hear about the latest news from our clients as well as other publicly traded companies.

We would like to highlight Kandi Technologies Corp. (NASDAQ: KNDI). The company founded in 2003 and headquartered in Zhejiang Province, The Peoples Republic of China, (the PRC), achieved a listing on NASDAQ in March, 2008 with the symbol: KNDI. In its core All Terrain Recreational Vehicle (ATRV) businesses, the Company generated nearly $35 million in sales in 2007, coupled with a 370% increase in profits to just over $5 million. Kandi ranks as the number one manufacturer and exporter of go-karts in China. The Company's most recent focus in the ATRV category has been on specialized utility vehicles (UTVs), especially for agricultural purposes.

In the company’s recent news,

Dutton Associates rated Kandi Technologies Corp. (NASD: KNDI) as a “strong speculative buy” with a price target of $6.72. The twelve-page report by Dutton’s senior analyst, Stanely Ng, can be found on the company’s website at www.jmdutton.com, which includes First Call, Bloomberg Professionals, Zacks, Reuters, Knobias, and other leading financial portals.

This report from Dutton follows Kandi’s announcement of their first quarter financial results ended March 31, 2008. The company’s total revenue came out to be $9.5 million, representing a 76.4% year-over-year from the previous year’s first quarter, and a 9.2% quarter-over-quarter increase from the fourth quarter of last year. The significant increase is attributed to the company’s excellent reception for their exciting line of go-karts, with management focusing on delivering more expensive, max-performance vehicles. This strategy can help improve margin and effectively alleviate the pressure of rising raw material costs on gross margin.

More encouraging news came when Kandi made public the launch of their high-mileage, off-highway, super mini-cars in the month of July. The company anticipates sales volume of 5,000 to 10,000 for these vehicles in 2008. The estimated selling price is around $4,000 per vehicle, which would give the company revenues of $20 million to $40 million from the super mini cars alone.

About QualityStocks

QualityStocks.net, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks.net is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.