An investigation by Sharesleuth conducted to verify sales and SEC filings made by Kandi Technologies Corp (KNDI) showed the company allegedly filed their earnings innacurately. The investigation uncovered many alleged discrepancies concerning the actual number of vehicles sold by Kandi Technologies Corp across a period of several years by utilizing the Import Genius database. The Import Genius application compiles U.S. customs records, and its database contains over 79 million shipping records on ocean freight shipments. Customs records within the database assisted Sharesleuth in proving that Kandi allegedly exaggerated their sales of electric cars by comparing their claims with the actual number of vehicles shipped into the U.S. according to U.S. customs information recorded by the Department of Homeland Security.
Read the full story here: Kandi Technologies: Customs Records Contradict U.S. Electric-Vehicle Sales Claims
NOTE: The implications in the article are ALLEGATIONS made by the author and NOT by ImportGenius.com. Only our data and its reliability are featured in the article.