Kandi Technologies: Rises as U.S. unit gets certification for car model K23

Kandi Technologies

09/12/2020 17:04

** U.S. listed shares of Chinese electric automaker  KNDI.O 
up ~5% at $9.087 
    ** U.S. unit of KNDI, Kandi America, says California Air
Resources Board (CARB) has granted certification to car model
K23 for having met the state's emission standards  urn:newsml:reuters.com:*:nFWN2IP0OJ
    ** Co says CARB had approved Model K27 in November
 urn:newsml:reuters.com:*:nBwbQSGTDa
    ** On Tuesday, co had responded to allegations by
short-seller Hindenburg, which had accused KNDI of using fake
sales to take money from U.S. investors, calling them "thinly
veiled assertions of opinion"  urn:newsml:reuters.com:*:nL4N2IN3O2
    ** Stock had risen ~92% YTD

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.mehta@thomsonreuters.com))