Securities Exchange Act of 1934: The investigation concerns whether Kandi and certain of its officers and/or directors have violated Sections 10 b and 20 a of the Securities Exchange Act of 1934. , according to Market Watch. On this news, shares of Kandi fell $2.31 per share to $18.51, or more than 11.08%, in intraday trading on July 23, 2014. NEW July 23, 2014 Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. "Kandi" or the "Company" /quotes/zigman/107702/delayed /quotes/nls/kndi 12.18% . Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237. On July 23, 2014, a report published by the seekingalpha.com website stated that, "is selling EVs and battery packs at a loss to the JV and certain other corporate entities for the buildout of the Carshare project of which they only have a 9.5% economic interest in. The most disturbing part of this is how continually boasts about huge revenue growth when, in fact, all they are doing is building out inventories and selling battery packs at a loss to create the appearance of rapidly growing company revenue."
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