The short-seller that unraveled Nikola’s GM deal says another electric-vehicle startup engaged in fraud (KNDI)
Hindenburg Research is back with more allegations of fraud. The short-seller has accused Kandi motors of fake sales and deceptive accounting practices. In September, a Hindenburg report unraveled electric-truck startup Nikola's $2 billion deal with General Motors, with the two companies eventually agreeing to a scaled-down deal instead. Visit Business…
bubmagDecember 1, 2020