Why CBAK Energy Stock Died This Morning, Then Got Better
It's been a busy couple of weeks for investors in Chinese automotive battery-maker CBAK Energy Technology (NASDAQ: CBAT).
Last week, CBAK shares soared on news that the company had secured a $120 million battery supply deal with local Chinese electric car maker Kandi Technologies (NASDAQ: KNDI). Only a few days later, though, CBAK shares plunged when Kandi was accused of fraud by a famous U.S. short-seller.
Today, the story is changing yet again -- and CBAK Energy stock is up 6.5%.
Source Fool.com
