Why NIO, XPeng, and Li Auto Stocks Are Down Today
Shares of several up-and-coming Chinese electric-vehicle makers were trading lower on Monday, after a prominent short-seller accused another Chinese electric-vehicle company, Kandi Technologies (NASDAQ: KNDI), of recording revenue it hadn't earned.
Here's where things stood for these three companies as of noon EST, relative to their closing prices on Friday.
Hindenburg Research, the short-selling firm that blasted electric-truck start-up Nikola (NASDAQ: NKLA) in September, turned its sights on Kandi in a report released on Monday morning.
Source Fool.com
