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With the number one auto market in the world, Chinese auto stocks could deliver truly amazing profits in 2010 as the economic recovery gains momentum. China's Kandi Technologies (KNDI) is a small company that designs and manufactures all-terrain vehicles, motorcycles and scooters.
The company does the majority of its business in Asian urban centers, where motorcycles and scooters are staples, since they are more affordable to consumers with lower income and provide greater mobility and fuel efficiency than cars.
Now that GM and Chrysler are mired in turnarounds and still hemorrhaging sales, a select group of auto stocks will step into the void to gain market share and see huge growth in 2010.
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