Water Tower Research Managing Director Shawn Severson tells Proactive Chinese battery and electric vehicle manufacturer Kandi Technologies Corporation (NASDAQ:KNDI) is driving into the ride-sharing business.
Severson says while Didi Chuxing Technology Co dominates the country, he says there are some interesting opportunities in the smaller cities in China that Kandi is targeting. He adds the objective for Kandi would be to sell vehicles to the fleet operators along with battery swapping technology.