Despite the fact that KNDI still trades below $5 I think this is a stock worth following. I believe Kandi is "the" outlier in the EV sphere. I wrote about it in October 2010 at Software Times and the business plan is slowly but surely working out:

Investing: Kandi Technologies, Corp. (KNDI)
http://softwaretimes.com/files/investing+kandi+technologi.ht...

They exceeded the 300 EV car target for 2011
Kandi Technologies Reports the Company Received Government Financial Subsidies of RMB 32,000 for Each of the Initial 300 EVs Sold
http://finance.yahoo.com/news/Kandi-Technologies-Reports-iw-...

And are bulking up with the purchase of an electric motor manufacturer. While I don't much trust Chinese accounting, the purchase price in Price to Sales terms (P/S) is 0.34 based on the revenue forecast for the next three years (2012-14) which is a most reasonable price.

To Extend Pure EV Industrial Chain and Increase Competitiveness, Kandi Technologies Reached Agreement to Acquire Yongkang Scrou Electric Co., Ltd.
http://finance.yahoo.com/news/To-Extend-Pure-EV-Industrial-i...

A very important point to take into account is that Kandi is partnering with a state owned electric utility in the battery end of the business. Kandi gets a royalty fee every time a battery is charged. If the government supports one kind of battery infrastructure it will be very difficult if not impossible for other technologies to take hold. In addition to being innovative, Kandi has a kind of government supported monopoly status.

KNDI is my one and only remaining Chinese investment having been burnt by the others including Sinovel's theft of AMSC's IP. This story is just too good to ignore. I started investing in KNDI (via options) in December 2010 and at this point I'm just slightly profitable.

Welcome to Kandi!

Denny Schlesinger