January 7, 2021 - An amended complaint was filed.

September 25, 2020 - The case was transferred to the U.S. District Court for the Southern District of New York.

June 10, 2020 - An investor in shares of Kandi Technologies Group Inc (NASDAQ: KNDI) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Kandi Technologies Group Inc in connection with certain allegedly false and misleading statements made between June 10, 2015 and March 13, 2017.

On November 14, 2016, Kandi Technologies Group Inc announced the resignation of Cheng Wang as its CFO.

On March 13, 2017, Kandi Technologies Group Inc announced that it will restate “the Company’s previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016” and that these statements should no longer be relied upon.

According to the complaint the plaintiff alleges on behalf of purchasers of Kandi Technologies Group Inc (NASDAQ: KNDI) common shares between June 10, 2015 and March 13, 2017, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between June 10, 2015 and March 13, 2017, the Defendants failed to disclose to investors that certain areas in the Company’s previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 required adjustment, that in turn, the Company lacked effective controls over financial reporting, and that as a result, Defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times