Most Asian markets are closed Monday in observance of the Lunar Year Holiday, which leaves Chinese buyers absent from the markets.

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Thus, the tariff leaves Chinese manufacturers with only two choices: buy American or German cells or use Chinese cells and face a crippling tariff in a major market.

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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.

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