Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Chinese automaker Kandi's shares sank as much as 30% on Monday after Hindenburg Research accused the company of faking sales to raise $160 million from US investors.</li><li>Shares in the company continued to slide in pre-market trading on Tuesday after the short-seller reported more than half of Kandi's sales this year were made to its own subsidiaries.</li><li>Kandi's largest customer was found to share a phone number with its own subsidiary, according to the report.</li><li>Hindenburg said it has photographic evidence to back up any claims of Kandi's fake "customers."</li><li>Kandi said it would issue a public response in the near future.</li></ul>Shares in <a href="https://markets.businessinsider.com/stocks/kndi-stock">Kandi Technologies</a> tanked nearly 30% on Monday after a <a href="https://hindenburgresearch.com/kandi/">scathing report</a> accused the Chinese automaker of faking sales and hyping its electric vehicle growth story.The drop in the shares continued in pre-market trading on Tuesday. Kandi fell 9% to around $9.08 a share, as traders digested short-seller Hindenburg Research's claim that the company was "using fake sales to undisclosed affiliates."The Chinese manufacturer, which went public on the NASDAQ in 2008, raised $160 million from US investors in November alone. Hindenburg said it had spoken to a dozen former employees and business partners to investigate Kandi's business, when it became apparent that the company's top customers were undisclosed entities. It found that almost 64% of Kandi's sales in the last twelve months were made to its own subsidiaries. The company's largest customer, which accounted for about 55% of its sales in the last year, shared a phone number with a Kandi subsidiary, and an executive with the company, according to the Hindenburg report."We visited the 'customer.' It is based in a tiny building right next to Kandi's factory with a sign indicating that it's a Kandi company," Hindenburg Research said. "The same building housed another entity used by Kandi as part of a separate fake sales scheme to collect illegitimate subsidies from the Chinese government, for which it was fined and sanctioned."Kandi told Business Insider it takes seriously any allegations of impropriety, and it would study Hindenburg's report. "We intend to thoroughly research the accusations, investigate internally as needed, and offer a public response in the near future," a spokesperson said.Read More: <a href="https://www.businessinsider.com/stock-picks-to-buy-covid-recovery-value-rotation-undervalued-rbc-2020-11">Buy these 10 stocks set to soar and smash Wall Street's expectations in the recovery from COVID-19, RBC says</a>Hindenburg, who has taken a short position in Kandi after extensive research, said it has photographic evidence to back up any claims of Kandi's "customer" inventory sitting in its own warehouse.In addition to its concerns about Kandi's customer base, Hindenburg said the company had consistently booked revenue it can't collect and had a constantly-changing stream of executives at the top. It has had three auditors in the past five years, and four chief financial officers in the past four years.The current auditor, Marcum, was recently banned by a regulatory authority from auditing Chinese companies. But instead of firing the auditor, Kandi reported an intention to renew its engagement. Furthermore, the Chinese auto company has been "launching" in the US for over a decade. "Its first US vehicles were imported illegally and seized by customs. A former distribution partner said every single car that eventually made it into the country broke," the report said.In September, Hindenburg <a href="https://www.businessinsider.com/nikola-short-seller-hindenburg-alleges-fraud-electric-trucks-trevor-milton-2020-9" target="_blank" rel="noopener noreferrer">accused</a> electric-truck maker Nikola of lying for years about its products and deals with other companies, days after the EV-maker announced a $2 billion deal with General Motors. Nikola's shares fell by more than 70% in just two weeks and have struggled to recover ever since.Read More: <a href="https://www.businessinsider.com/goldman-sachs-esg-trends-markets-climate-investing-stock-sustainability-social-2020-11">A top equity portfolio strategist at Goldman Sachs shares his four essential ESG trends that you need to be thinking about</a>

Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors

<ul><li><a href="https://markets.businessinsider.com/stocks/kndi-stock">Kandi Technologies</a> announced on Wednesday that it would launch two <keyword id="6354973" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles">electric vehicles</keyword> in the US in August and that the cars would be available for delivery by the end of the year.</li><li>Shares of the company have skyrocketed nearly 350% in the past two days.</li><li>The Chinese company competes with the electric-vehicle makers <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> and Nio.</li><li><a href="https://markets.businessinsider.com/stocks/kndi-stock">Watch Kandi Technologies trade live on Markets Insider</a>.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Read more on Business Insider</a>.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/kndi-stock">Kandi Technologies</a> have surged as much as 350% from Tuesday's close, fueled by the Chinese electric-vehicle maker's announcement that it will launch two cars in the US next month.On Wednesday, Kandi America, the US subsidiary of the Chinese company — which competes with the likes of <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> and <a href="https://markets.businessinsider.com/stocks/nio-stock">Nio</a> — <a href="https://www.businesswire.com/news/home/20200729005834/en/Kandi-Brings-America%E2%80%99s-Affordable-Electric-Vehicles-Market">said</a> customers would be able to put down $100 fully refundable deposits for two of its vehicles, the K27 and the K23, starting August 18.The company said the vehicles would be ready for delivery beginning in the fourth quarter of 2020."Electric vehicles have been valued for years for their efficiency, sustainability and innovation. However, owning the 'it' car often eluded consumers who desired a great EV alongside all the other comforts of modern living," Johnny Tai, the CEO of Kandi America, <a href="https://www.businesswire.com/news/home/20200729005834/en/Kandi-Brings-America%E2%80%99s-Affordable-Electric-Vehicles-Market">said in a statement</a>. "Kandi changes that and revolutionizes the EV-buying experience for many."Read more: <a href="https://www.businessinsider.com/stocks-to-buy-26-companies-to-benefit-from-weaker-dollar-2020-7" target="_blank" rel="noopener">GOLDMAN SACHS: Buy these 26 stocks now to crush the market as an 'overvalued' dollar continues to weaken in the months ahead</a>Kandi's vehicles cost much less than the models offered by Tesla. Kandi said its compact K27 model starts at $12,999 after federal tax credits, while the larger K23 model, about the size of a small SUV, starts at $22,499 after federal tax credits.Tesla's Model 3, its lowest-priced vehicle, starts at $31,690, including savings through tax credits, <a href="https://www.tesla.com/model3/design#battery">according to the company's website</a>.Shares of Kandi have surged <a href="https://markets.businessinsider.com/stocks/kndi-stock">more than 260% year-to-date</a>.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-jim-osman-pinpoints-3-potential-winners-2020-7" target="_blank" rel="noopener">200-plus money managers pay thousands to set eyes on Jim Osman's stock buy list. Here are 2 he says are set to soar — and an under-the-radar IPO to keep a watch on</a><a href="https://markets.businessinsider.com/stocks/kndi-stock"><div type="image" title="Screen Shot 2020 07 30 at 10.07.47 AM" height="1060" width="1562" msid="77266330" hostid="261"></div></a>

Chinese Tesla competitor skyrockets nearly 350% in 2 days after announcing it will launch vehicles in the US next month

<ul><li>More than 34,000 <keyword id="1268253" type="PERSON" weightage="60" keywordseo="Robinhood">Robinhood</keyword> traders have added shares of <a href="https://markets.businessinsider.com/stocks/kndi-stock?utm_source=markets&amp;utm_medium=ingestgest">Kandi Technologies</a>, a Chinese electric vehicle maker that competes with Tesla, in the last 24 hours, according to data from <keyword id="9424047" type="UNKNOWN" weightage="60" keywordseo="robintrack">Robintrack</keyword>.net. </li><li>Shares of the company surged nearly 350% in two days after the company announced it will launch 2 vehicles in the US next month. </li><li><a href="https://markets.businessinsider.com/stocks/kndi-stock?utm_source=markets&amp;utm_medium=ingestgest">Watch Kandi Technologies trade live on Markets Insider. </a></li><li><a href="https://www.businessinsider.com/">Read more on Business Insider. </a></li></ul>Thousands of Robinhood traders are adding shares of <a href="https://markets.businessinsider.com/stocks/kndi-stock?utm_source=markets&amp;utm_medium=ingestgest">Kandi Technologies</a> during the company's epic rally that's seen shares surge as much as <a href="https://markets.businessinsider.com/news/stocks/kandi-technologies-stock-announcing-us-car-launch-tesla-competitor-electric-2020-7-1029451976#">350% in the last two days.</a>In the last 24 hours, more than 34,000 Robinhood accounts have added shares of the Chinese electric vehicle maker that competes with <a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingestgest">Tesla</a> and <a href="https://markets.businessinsider.com/stocks/nio-stock?utm_source=markets&amp;utm_medium=ingestgest">Nio</a>, according to data from <a href="https://robintrack.net/popularity_changes">Robintrack.net.</a>Now, a total of 38,131 accounts on the popular trading app hold <keyword id="201247" type="CITY" weightage="60" keywordseo="Kandi">Kandi</keyword> shares. In the last day, it's the second-most added company, behind <a href="https://markets.businessinsider.com/stocks/kodk-stock">Eastman Kodak</a>, which has had nearly 37,000 users add shares <a href="https://markets.businessinsider.com/news/stocks/kodak-stock-price-movement-after-skyrocketing-1200-percent-2-days-2020-7-1029450808">amid its own record-breaking surge. </a>Read more: <a href="https://www.businessinsider.com/stocks-to-buy-26-companies-to-benefit-from-weaker-dollar-2020-7" target="_blank" rel="noopener">GOLDMAN SACHS: Buy these 26 stocks now to crush the market as an 'overvalued' dollar continues to weaken in the months ahead</a><keyword id="2047360" type="PERSON" weightage="60" keywordseo="Kandi-Technologies">Kandi Technologies</keyword> recent popularity comes two days after the company announced that it will launch two of its <keyword id="6354973" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles">electric vehicles</keyword> in the US in August. The company also said that the vehicles will be available for delivery by the end of the year. Kandi's EVs cost significantly <a href="https://robintrack.net/popularity_changes">less than similar models at competitors such as Tesla. </a>Shares of Kandi have surged more than <a href="https://markets.businessinsider.com/stocks/kndi-stock?utm_source=markets&amp;utm_medium=ingestgest">143% year to date</a>.Read more: <a href="https://www.businessinsider.com/stock-picks-sectors-to-buy-us-china-trade-war-gionnotto-2020-7">A market-research expert breaks down the 3 sectors and 4 stocks that he says are best to own as a new Cold War between the US and China heats up</a><a href="https://markets.businessinsider.com/stocks/kndi-stock?utm_source=markets&amp;utm_medium=ingestgest"><div type="image" title="Screen Shot 2020 07 30 at 1.12.46 PM" height="1062" width="1564" msid="77269980" hostid="261"></div></a>

More than 34,000 Robinhood traders piled into Kandi Technologies in a single day as shares surged

<ul class="summary-list"><li><keyword id="9916845" type="UNKNOWN" weightage="60" keywordseo="hindenburg-research" source="Orion">Hindenburg Research</keyword> announced it had built a "significant long position" in <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword> stocks Wednesday.</li><li>The research firm's founder said that Twitter will rally after the collapse of <keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword>'s takeover deal.</li></ul>Hindenburg Research has built up a significant stake in <a href="https://markets.businessinsider.com/stocks/twtr-stock">Twitter</a> as a legal battle brews between the social media company and Elon Musk.The research firm said that it is bullish on Twitter after the seeming collapse of Musk's $44 billion takeover bid."We have accumulated a significant long position in shares of Twitter," Hindenburg <a href="https://twitter.com/HindenburgRes/status/1547214020909752320">tweeted</a> Wednesday. "Twitter's complaint poses a credible threat to Musk's empire."Musk is attempting to <a href="https://www.businessinsider.com/elon-musk-twitter-lawsuit-to-enforce-acquisition-takeover-deal-2022-7?r=US&amp;IR=T">terminate the merger agreement</a> he signed with Twitter in April, which said he would take the company private at a price of $54.20 a share. <a href="https://www.businessinsider.com/elon-musk-twitter-lawsuit-to-enforce-acquisition-takeover-deal-2022-7?r=US&amp;IR=T">Twitter intends to sue him for backing out of the deal</a>.Twitter shares initially rallied 8% on Wednesday, before slipping 0.2% at the opening bell Thursday.Hindenburg is renowned for its activist short-selling approach, having published high-profile reports criticizing companies including <a href="https://markets.businessinsider.com/stocks/nkla-stock">Nikola</a>, <a href="https://markets.businessinsider.com/stocks/kndi-stock">Kandi Technologies</a>, and <a href="https://markets.businessinsider.com/stocks/ride-stock">Lordstown Motors</a>. It's much rarer for the investment firm to make a long position public."Musk has squandered much of his leverage, largely through <a href="https://www.businessinsider.com/elon-musks-tweets-backfired-may-damn-him-in-court-twitter-2022-7?r=US&amp;IR=T">misadvised and compulsive tweets</a>," Hindenburg founder Nate Anderson told the <a href="https://www.ft.com/content/fbfb24a7-fbf1-48a4-b638-f6a8c0b72683">Financial Times</a> this week. "Twitter has a strong case."Read more: <a href="https://www.businessinsider.com/didi-stock-delisting-investing-strategy-china-short-selling-carson-block-2021-12?r=US&amp;IR=T">Famed short-seller Carson Block breaks down why Didi's NYSE delisting is the harbinger of many other Chinese companies pulling out of US exchanges — and shares where he is finding opportunities in 'this era of massive misallocation of capital'</a>

Short-seller Hindenburg Research has built up a large stake in Twitter - and is betting against Elon Musk

<ul class="summary-list"><li><keyword id="10442922" type="UNKNOWN" weightage="60" keywordseo="loop-industries">Loop Industries</keyword>' shares fell 22% on Tuesday after <keyword id="9916845" type="UNKNOWN" weightage="60" keywordseo="hindenburg-research">Hindenburg Research</keyword> alleged the company's plastic-recycling technology is highly misleading.</li><li>The short-seller blasted Loop's independent review for using the word "pure" loosely and for not providing any details on the economic viability of its technological process.</li><li>"Information on purity without cost and yield is incomplete to the point of being irrelevant," Hindenburg said.</li><li>A chemistry specialist concluded that it would be wrong to declare Loop's process as efficient and cost-effective based on the information provided in its review.</li></ul>Shares in plastic-recycler <a href="https://markets.businessinsider.com/stocks/loop-stock">Loop Industries</a> plummeted 22% on Tuesday after short-seller Hindenburg <a href="https://hindenburgresearch.com/loop-response/">accused the company of misleading investors</a> over its patented technology.Loop released an <a href="https://www.sec.gov/Archives/edgar/data/1504678/000165495420013498/lp_ex991.htm">independent review</a> of its process on Monday that Hindenburg said indirectly confirms the ineffectiveness of its so-called pure PET <keyword id="555972" type="ORGANIZATION" weightage="60" keywordseo="plastics">plastics</keyword> made from "100% recycled content."Although the review was meant to highlight the effectiveness of Loop's technology, a disclaimer at the end of the filing states the verification was not intended to validate the yields, or economic viability of the process. That, Hindenburg said, shows its analysis was largely meaningless."Information on purity without cost and yield is incomplete to the point of being irrelevant," the report said. Hindenburg said a former Loop employee substantiated that claim, by saying the review means nothing if quantitative aspects of the process are absent. Read More: <a href="https://www.businessinsider.com/stocks-to-buy-high-dividend-picks-cyclical-recovery-jp-morgan-2020-12">A JPMorgan income fund manager shares 12 high-dividend stocks set to gain from a broad cyclical recovery - and unpacks the strategy he uses to beat 93% of his peers</a>The short-seller called out Loop for using the word "pure" too often in its review. In Loop's <a href="https://www.sec.gov/Archives/edgar/data/1504678/000165495420010918/lp_10q.htm">second-quarter SEC filing</a>, the company claims its recycling process has "consistently high monomer yields, excellent purity, and improved conversion costs."Hindenburg noted another veteran chemistry specialist saying that Loop's independent review was "non-technical marketing material" and "very misleading." He concluded that it is wrong to declare Loop's process as efficient and cost-effective based on the information provided in its review.<a href="https://markets.businessinsider.com/news/stocks/loop-stock-price-falls-after-short-seller-technology-doesnt-work-2020-10-1029674994">Hindenburg published a report</a> in October that stated Loop's "revolutionary" technology inflates its real capabilities. That sent the company's shares lower by 39% at the time. The short-seller has also called out EV-makers <a href="https://markets.businessinsider.com/news/stocks/nikola-stock-price-citron-hindenburg-allegations-investor-selling-short-report-2020-9-1029582414">Nikola</a> and <a href="https://markets.businessinsider.com/news/stocks/kandi-stock-price-hindenburg-research-accusations-fake-sales-us-investors-2020-12-1029852171">Chinese automaker Kandi</a> for misleading investors.Loop Industries told Business Insider it stands by its technology, which was rendered effective by independent agency Kemitek."These results are consistent with previous trials and testing evaluations of our technology," a company spokesperson said in an email. "We look forward to moving ahead with our plans to bring our technology to commercial scale with our partners."<h2><a href="https://hindenburgresearch.com/loop-response/">Read Hindenburg Research's full report on Loop here.</a></h2>Read More: <a href="https://www.businessinsider.com/stock-picks-to-buy-biotech-companies-vaccines-moderna-jabusch-deems-2020-12">Garvin Jabusch and Jeremy Deems doubled their portfolio this year by buying Moderna early. They shared 3 other biotech stocks poised to solve future outbreaks - and explained why they're still bullish on the COVID-19-vaccine maker.</a>

Loop Industries plunges 22% after a short-seller accused its patented plastic-recycling technology of being 'very misleading'

<ul class="summary-list"><li>Elon Musk's deal to buy Twitter is back on, according to an SEC filing.</li><li>Hindenburg Research said it would dump its entire long position in Twitter after Musk revived his proposal.</li></ul>Famed short-seller Hindenburg Research sold all of its <a href="https://markets.businessinsider.com/stocks/twtr-stock">Twitter</a> shares after Elon Musk revived his $44 billion deal to buy the social-media company.Musk proposed restarting talks to buy Twitter Monday, prompting Hindenburg to offload its entire long position."We have closed our long position in Twitter," <a href="https://twitter.com/HindenburgRes">Hindenburg tweeted</a> Tuesday.Hindenburg, which became well-known criticizing and shorting companies including <a href="https://markets.businessinsider.com/stocks/nkla-stock?utm_medium=ingest&amp;utm_source=markets">Nikola</a>, <a href="https://markets.businessinsider.com/stocks/kndi-stock?utm_medium=ingest&amp;utm_source=markets">Kandi Technologies</a>, and <a href="https://markets.businessinsider.com/stocks/ride-stock?utm_medium=ingest&amp;utm_source=markets">Lordstown Motors</a>, has been both long and short on Twitter this year.In May, it opened and closed a short position after arguing that Musk would likely either look to renegotiate or walk away from his takeover deal.It then <a href="https://markets.businessinsider.com/news/stocks/elon-musk-twitter-stock-short-seller-hindenburg-research-activist-investing-2022-7">bought Twitter shares</a> in July in a bet that Musk's deal would collapse after the billionaire <a href="https://www.businessinsider.com/elon-musk-twitter-lawsuit-to-enforce-acquisition-takeover-deal-2022-7?r=US&amp;IR=T&amp;utm_medium=ingest&amp;utm_source=markets">attempted to terminate his merger agreement</a>."We have accumulated a significant long position in shares of Twitter," Hindenburg said when it <a href="https://markets.businessinsider.com/news/stocks/elon-musk-twitter-stock-short-seller-hindenburg-research-activist-investing-2022-7">disclosed its long position</a> three months ago. "Twitter's complaint poses a credible threat to Musk's empire."It has now dumped that stake with a deal back on the table after Musk proposed restarting talks to buy Twitter at $54.20 a share.His backtracking means he could <a href="https://www.businessinsider.com/elon-musk-finally-admits-defeat-legal-battle-offer-buy-twitter-2022-10?utm_medium=ingest&amp;utm_source=markets">avoid a costly courtroom battle</a>. Twitter sued Musk in July for trying to back out of the Twitter acquisition, saying that he was obligated to complete the deal.Twitter jumped 39.8% from $37.22 to $52.02 in the time that Hindenburg owned the stock. It slipped 1.75% to $51.09 early Wednesday.Read more: <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-outlook-elon-musk-twitter-takeover-wedbush-dan-ives-2022-10">Elon Musk selling Tesla stocks to fund his Twitter takeover is like giving away caviar to buy $2 pizza, Wedbush's Dan Ives says</a>

You Searched For "kandi technologies stock" and got 6 results

Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors

Shalini Nagarajan

Chinese Tesla competitor skyrockets nearly 350% in 2 days after announcing it will launch vehicles in the US next month

Carmen Reinicke

More than 34,000 Robinhood traders piled into Kandi Technologies in a single day as shares surged

Carmen Reinicke

Short-seller Hindenburg Research has built up a large stake in Twitter - and is betting against Elon Musk

George Glover

Loop Industries plunges 22% after a short-seller accused its patented plastic-recycling technology of being 'very misleading'

Shalini Nagarajan

Elon Musk's deal for Twitter is back on - and now short-seller Hindenburg Research is dumping all its shares in the takeover target

George Glover

Popular Keywords

Buying Guides