I don't know the exact answer but it's probably a combination of Chinese RTO, relatively high PE and the recent Geo short articles.
I almost bought back on the JV news but as soon as I saw the weakness at the open, I changed my mind.
Will just watch for now.
Notice that you got a thumb down for just questioning what might be going on. Be careful on the private board or you'll get kicked out like I did.
watchman, you can expect future announcements of this sort to result in similar stock price action. Wallstreet has expectations for KNDI. That's why it boasts a high p/e. It will have difficulty moving significantly higher until the earnings improve. You can only go so high on hype.