Look out Tesla, there's a new kid in town.

Chinese electric vehicle maker has ambitious plans to start selling 5,000 to 10,000 vehicles in the next year or so.

Electric cars are becoming all the rage. And this time, it's not about Tesla.

Chinese electric vehicle maker Kandi Technologies (KNDI) has been moving ahead with an aggressive plan to bring 5,000 to 10,000 electric vehicles to market in the next year or so.

And Kandi's stock has nearly doubled since June 1. Seems like it's not just Americans who are enamored with the idea of 'plug and drive.'

StockTwits traders sure like what they're hearing.

BlackHawkTrader
$KNDI Plans to Deploy 5000-10000 Pure EVs in Hangzhou for Initial Launch of Public EV Sharing Sys / WATCH $ECTY

Kandi has already started work on its first parking and charging station fully dedicated to electric vehicles in Gudang Technology Park. That's the first step in a five-year plan to create a mini public transport hub, which would include up to 100,000 electric vehicle rentals.

lamonicabuzz
$KNDI looking more & more like China's $TSLA. At least that's what traders think. $KNDI up 12% pre-market on plan for new charging stations.

If you thought 12% was good, the stock more than doubled that when trading opened and is now up about 22%. Lamonicabuzz, you hit the nail on the head with the Tesla comparison.

Related: 9 questions for Elon Musk

Shares of Tesla (TSLA) have surged more than 200% so far this year, and Kandi is catching up.

AA_610
$KNDI just hesitant about chasing it.. Bullish

Fair enough. But if you make electric vehicles, can your stock still overheat? Probably, but it's clear from the strong sales of Tesla's Model S that there is a strong appetite for electric cars.

Bliska
$KNDI Quarterly Changes to the NASDAQ Golden Dragon China Index 
http://stks.co/gZkw

That's an extra dose of good news for Kandi. The index is designed to offer investors access to companies that offer "unique economic opportunities" in China. Kandi joins the likes of LDK Solar (LDK), JA Solar (JASO ) and China Ming Yang Wind Power (MY).

I'm sensing a clean energy theme here.

BullzNBearz
$KNDI free licence plate if buy an EV in china, or price of license for gas car is $12k in china
http://stks.co/bY6b

Posted in: China, cnnmoney, electric vehicles, kandi, StockTwits, Tesla

• Time to hit pause button on stock rally

  The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.

  Maybe it's time to change that Wall Street phrase about stocks in the summertime to "Sell on the 23rd of May and go away?"

  Stocks around the world took a hit Thursday on the heels of MORE

  Paul R. La Monica - May 23, 2013 12:47 PM ET
  Posted in: China, correction, Europe, Japan, Nikkei, stocks

• Coach stock surges after earnings

  Coach is back in the game! Shares of the luxury handbag maker jumped 10% Tuesday after the company blew past earnings and revenue expectations thanks to solid sales growth around the world.

  Overall revenue climbed 7% during the fiscal third quarter to $1.19 billion, with sales rising 7% in North America and 6% in international markets. Sales in China were among the strongest, climbing a whopping 40%.

  "We're pleased with...the progress we're MORE

  Hibah Yousuf - Apr 23, 2013 12:01 PM ET
  Posted in: China, Coach, earnings, luxury, market, michael kors, Netflix, ralph lauren, retail, revenue, sales, stock, vera bradley

• First Solar surges 50% on sunny guidance

  First Solar shares spiked more than 50% Tuesday, rising to a new 52-week high and triggering several circuit breaker on the way up after the company issued a bullish forecast for the year.

  The solar panel maker said it expects to earn between $4 and $4.50 per share, with annual sales between $3.8 billion and $4 billion. The guidance was well above analysts forecasts. Those polled by Thomson Reuters have been MORE

  Hibah Yousuf - Apr 9, 2013 3:31 PM ET
  Posted in: China, earnings, First Solar, guidance, outlook, revenue, short, squeeze

• Caterpillar slump highlights risks to the rally

  Caterpillar reported a sharp drop in sales to its worldwide network of dealers Wednesday, sparking a sell-off in its stock and raising worries of a global slowdown for the construction industry.

  Shares of Caterpillar (CAT), which makes heavy construction equipment, dropped nearly 2%, even as the Dow Jones industrial average hit a new intraday record high.

  In fact, Caterpillar was the only Dow component in the red for much of the MORE

  Maureen Farrell - Mar 20, 2013 1:29 PM ET
  Posted in: asia, Caterpillar, China, construction, equipment, FedEx, orders, sales, stock

• Chesapeake Energy sells assets to China at a 'discount'

  Chesapeake Energy (CHK) announced a deal Monday to sell half of its oil and gas assets in northern Oklahoma to Sinopec, one of China's largest oil producers, for $1 billion.

  Chesapeake's shares dropped nearly 5% as investors worried that the embattled Oklahoma City gas company sold the assets at a discount.

  "There's been a concern that Chesapeake's weakened financial position would make them do deals at low prices," said Phil Weiss, an analyst MORE

  Maureen Farrell - Feb 25, 2013 11:39 AM ET
  Posted in: Aubrey McClendon, Carl Icahn, Chesapeake, China, Sinopec

• Beware the China stock rally

  The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.

  So much for that China hard landing.

  It was fashionable late last year to predict that China's economy was headed for an epic collapse, akin to the Great Recession in the United States a few years MORE

  Paul R. La Monica - Jan 15, 2013 1:16 PM ET
  Posted in: China, consumers, economy, infrastructure, retail

• Not lucky in Kentucky: Yum plunges nearly 10%

  Investing 101: If a stock is priced for perfection, bad news is going to cause a rush for the exits. That definitely was happening with fast food giant Yum! Brands (YUM) on Friday.

  Even though the company reaffirmed its outlook for 2013, investors were spooked by an alarming 4% decline in same-store sales in China. Yum has focused heavily on China, particularly through its KFC franchise.

  Shares fell nearly 10%. An overreaction? MORE

  Paul R. La Monica - Nov 30, 2012 12:32 PM ET
  Posted in: China, Chipotle, mcdonald's, yum brands

• First Chinese IPO since April rises 10% in debut

  YY, the first Chinese company to brave the U.S. initial public offering market since April, was expected to meet a wary investor base Wednesday. Yet YY's (YY) stock managed to rise 10%  in its debut on Nasdaq (NDAQ).

  A Chinese Internet social media platform with a focus on gaming and video chats, YY, priced its offering at $10.50, the low end of its expected range. The company raised $82 million for MORE

  Maureen Farrell - Nov 21, 2012 11:04 AM ET
  Posted in: China, IPO, Morgan Stanley, Nasdaq, Sino-Forest, Tiger Global, underwriters, YY, zynga

• Abercrombie & Fitch making a comeback as stock surges 30%

  Abercrombie & Fitch's stock surged more than 30% Wednesday, logging the biggest one-day jump since its stock market debut in 1996.

  The big move came as the teen retail giant posted its first quarter of year-over-year profit growth in a year. For the three months ended Oct. 27, Abercrombie earned $71.5 million, or 87 cents per share, up 40% from a year earlier. Overall revenue rose 9% for the quarter to MORE

  Hibah Yousuf - Nov 14, 2012 12:16 PM ET
  Posted in: Abercrombie & Fitch, asia, China, covering, earnings, international, retail, revenue, sales, same store sales, short, sqeeze, stock