The short-seller that unraveled Nikola’s GM deal says another electric-vehicle startup engaged in fraud (KNDI)

The short-seller that unraveled Nikola’s GM deal says another electric-vehicle startup engaged in fraud (KNDI)

Summary List PlacementHindenburg Research is looking for a victory lap. After single-handedly unraveling Nikola’s potential $2 billion deal with General Motors over the summer, the short-selling research firm has a new target: Kandi Motors. The China-based and Nasdaq-listed electric-car startup has used in-house corporate entities to fake sales and show illegitimate growth, Hindenburg alleged in…

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