KNDI - Kandi details how Hindenburg short report is misleading

As promised, Kandi Technologies ([[KNDI]] +0.2%) is out with a more detailed response to the negative report issued by short seller Hindenburg Research on November 30.The company's chairman address specific allegations below. "By mischaracterizing certain documents from 2014, the report insinuates that I participated in a scheme to inflate the price of our stock during the reverse merger process. This is inaccurate because, as the report acknowledges, neither I nor the Company were ever charged with any such violations. This is not new information and was previously disclosed in our regulatory filings.""The Company’s participation in Chinese government subsidy programs through a joint venture (the 'JV Company') is well documented in public filings. Contrary to the report’s allegations, the JV Company properly received subsidy payments for all electric vehicles sold prior to 2016 and the JV Company’s dual production licenses were approved in August 2019. According to government policy, any company

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Kandi details how Hindenburg short report is misleading