Aug. 29 at 12:32 AM
$KNDI Do the KNDI longs really not understand the 2 key problems here?
1. The BVI listing, and KNDI's opaque financial reports, ensure no institutions will ever touch this. KNDI's own PR's on the CATL deal offer zero particulars (clearly by design). No way of knowing what KNDI will sell to CATL on any timeframe, their margins, their own financial stake in the deal. It's just a black box of promises (like all their finances) with no way to model out future profits, especially when they're only currently selling to CATL's "pilot" program.
2. Battery swapping is never going to work. China is supposedly subsidizing it, but they tried subsidies with EV's a decade ago and dropped it. The logistical hurdles of standardizing battery swap, ie. getting multiple auto manufacturers to embrace it, are insurmountable. With even minor improvements in charging technology or improved batteries, swapping will go the way of the Dodo.
Battery swap with robot dogs, on the other hand, might be huge.
