"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.
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.
Those who read the tea leaves in the Chinese press think Kandi is very close to announcing a deal to sell 20, 000 or 100, 000 of their electric mini-cars to a municipal rental program, and the option holders almost certainly know that.