That report sounds a bit sketchy to me. I know its the famous org that brought down Nikola, but with this it seems like they are drawing lots of unfounded conclusions with basically what amounts to import documentation. The fact that Kandi and associated companies have "purchased" imports from the manufacturing base and its listed as ownership with a different brand under the same company umbrella isn't surprising. I've worked in electronics imports in the past, you can have many different companies names listed on importation paperwork, it doesn't mean any scam is going on. I think they're either trying to mislead, or they are misunderstanding the information in front of them.
What is surprising are the outlandish claims Hindenburg is claiming. For starters, any money raised through stock is voluntary. They didn't "steal" any money, they raised it through sales of stock that people voluntarily and willingly purchased. That portion of their piece is pure click-bait. Looks as if the stock has dropped recently, so any gains have been thoroughly lost. Again, voluntarily, its how the stock market works. There is no force here.
Sounds to me that Hindenburg might financially gain by trying to short a company. Its all a bunch of nonsense if that's the real issue.
Its a dangerous game, because traditional automakers in North America have dropped the ball with trying to deliver affordable EV's. We need options, and Kandi is starting to offer some actually affordable options to people.
What is surprising are the outlandish claims Hindenburg is claiming. For starters, any money raised through stock is voluntary. They didn't "steal" any money, they raised it through sales of stock that people voluntarily and willingly purchased. That portion of their piece is pure click-bait. Looks as if the stock has dropped recently, so any gains have been thoroughly lost. Again, voluntarily, its how the stock market works. There is no force here.
Sounds to me that Hindenburg might financially gain by trying to short a company. Its all a bunch of nonsense if that's the real issue.
Its a dangerous game, because traditional automakers in North America have dropped the ball with trying to deliver affordable EV's. We need options, and Kandi is starting to offer some actually affordable options to people.
