Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors

[serenity]

It isn't. It is about lying, which is considered a vice by many people, unless you are one of those who consider it a virtue.

I like how you removed the sentence and took everything out of context and created your own meaning to the words and then attacked those which you created meaning for.

I said it is up to investors to invest in Chinese stocks like those other foolish members were proud of saying they will invest in no Chinese companies at all. It is very simple choice for them. They don't need to invest in any Chinese company at all. That part which you quoted has nothing to do with Kandi and everything to do with what members were saying in the first page about not buying Chinese stocks. Lol they can simply not buy any at all. Either the fraudulent ones or the really good ones. Western billionaires seem to have made a lot of money having equity in Chinese companies.

In the actual context of that conversation are you claiming that all Chinese companies publicly traded are lying? Like the American Theranos and German Volkswagen and Japanese Nippon Steel? Like they all lied? Therefore all German, Japanese, and American companies are all lying companies just by association?

Ahh hopefully now you follow the logic and the conversation.

 

[nang2]

I like how you removed the sentence and took everything out of context and created your own meaning to the words and then attacked those which you created meaning for.

I said it is up to investors to invest in Chinese stocks like those other foolish members were proud of saying they will invest in no Chinese companies at all. It is very simple choice for them. They don't need to invest in any Chinese company at all. That part which you quoted has nothing to do with Kandi and everything to do with what members were saying in the first page about not buying Chinese stocks. Lol they can simply not buy any at all. Either the fraudulent ones or the really good ones. Western billionaires seem to have made a lot of money having equity in Chinese companies.

In the actual context of that conversation are you claiming that all Chinese companies publicly traded are lying? Like the American Theranos and German Volkswagen and Japanese Nippon Steel? Like they all lied? Therefore all German, Japanese, and American companies are all lying companies just by association?

Ahh hopefully now you follow the logic and the conversation.

I like how you take one sentence and make it apply to everything, much like many populists do. If I say I know some black men are doing bad things, you claim I think ALL black men are doing bad things.

People take precautionary moves based on some companies' bad behaviors. That is just a precautionary move based on the perceived higher likelihood of the similar behavior from other companies. That is not a belief or a claim. That is a guess. Nobody has the time and energy to verify everything. That is why there is a concept of reputation. Some bad Chinese companies tarnish the reputation of all Chinese companies. If you don't understand this basic idea, then you surely would not understand what I have said.

 

[serenity]

I like how you take one sentence and make it apply to everything, much like many populists do. If I say I know some black men are doing bad things, you claim I think ALL black men are doing bad things.

People take precautionary moves based on some companies' bad behaviors. That is just a precautionary move based on the perceived higher likelihood of the similar behavior from other companies. That is not a belief or a claim. That is a guess. Nobody has the time and energy to verify everything. That is why there is a concept of reputation. Some bad Chinese companies tarnish the reputation of all Chinese companies. If you don't understand this basic idea, then you surely would not understand what I have said.

I agree I also hate companies like this.

But your post addressing my other comment is the main contention before and you know you are wrong. You created a total strawman argument as I've already explained above.

USA is also riddled with companies like Theranos and Nicola Motors to defraud investors of money.

I guess those Indians and Americans on the first page of this thread should avoid buying US company shares! they should refrain from ever investing fraudulent USA as well huh.

USA companies have pretty bad reputation because of those two given examples from just recent years. Similar to Kandi except they are even worse than Kandi. Kandi at least only tried to do fraudulent customer delivery while USA's Theranos and Nicola Motors both were fraudulent through and through and offered no product at all. At least Kandi delivered products to actual customers who paid. They just misled customers about how many customers they have... kind of like so many companies around the world. I know the Australian one I work for do similar dodgy things but it is not IPOed.

I guess American companies sometimes are big liars to the point they lied about every single thing they do and don't even have working products while pretending they do. Can't trust all of them either huh.

You see white people measure China by China's absolute worst and they spend every day exposing every negative thing about China. Exaggerating everything they discover no matter how nuanced the reality is. They ignore every other bad thing in the world and ignore the fact whatever crimes China is guilty of, many others are much worse. They themselves are much worse. While USA and the west is measured by only their best side and they ignore or hide their ugly sides. China in the past never bothered with this propaganda game until only scaling it up recent years. USA been at it for over 20 years now and so when we see a Kandi company, immediately every single good Chinese company is judged that way while USA's failures and frauds are ignored. Too bad they have plenty too and every time someone points fingers we can point it back.

 

[SaadH]

Hold your horses. Granted that BYD had/has a branding and styling problem.

But the new up and coming Chinese EV companies have the ingredients to succeeds in the international market.

NIO is the one to watch out for and has what it takes to capture a good amount of global EV market share. NIO's ET5 and ET7 sedans which will start deliveries this year in March and Dec. respectively are already ahead of Tesla's offerings both in terms of range, sensors and most of all styling.

Plus China will be the biggest EV market and as long as Chinese EV makers dominate their local market, the international market could very well be irrelevant.

 

[F-22Raptor]

Hold your horses. Granted that BYD had/has a branding and styling problem.

But the new up and coming Chinese EV companies have the ingredients to succeeds in the international market.

NIO is the one to watch out for and has what it takes to capture a good amount of global EV market share. NIO's ET5 and ET7 sedans which will start deliveries this year in March and Dec. respectively are already ahead of Tesla's offerings both in terms of range, sensors and most of all styling.

Plus China will be the biggest EV market and as long as Chinese EV makers dominate their local market, the international market could very well be irrelevant.

Tesla is dominate, and expect another year of huge growth for Tesla.