"Poscowantsourland, it wants our water," said MakarKandi, 75, who supports a family ofeight with a one-acre plot on which he growsbetelleavesinOrissa's Dhinkiavillage.
Geely said earlier this year it planned to enter the electric vehicle business with Kandi Technologies Group, a Chinese maker of small vehicles including go-karts.
This morning, Kandi put those concerns to rest, with a s igned sales contract for 5, 000 mini-EVs to be delivered in between now and the end of the year .
Rational investors like to buy a stock before all the good news comes out, so the critique that Kandi does not have significant past EV business seems irrelevant to the typical forward looking investor.