/biz/ - Business & Finance

>imagine buying chinkshit

>Summary
>We conclude that EH’s relationship with its primary purported customer is a sham. Government records and credit reports show that EH’s major customer is Shanghai Kunxiang Intelligent Technology Co., Ltd. hereinafter referred to as “Kunxiang”. We have gathered extensive evidence including behind-the-scenes photographs, recorded phone calls, and videos of on-site visits to EH’s various facilities, as well as Kunxiang’s offices which lead us to believe that Kunxiang signed sham sales contracts to benefit its investment stock price in EH
>Kunxiang has an exaggerated physical presence and its real operations appear to be a fraction of what is claimed. Out of the 3 addresses listed on Kunxiang’s website, one is a hotel with no Kunxiang presence, one is a 13th floor address of an 11-story building, and the last one had only one Kunxiang employee in the office on a weekday afternoon.
>To the extent Kunxiang actually does sell vehicles, it did not want to sell EH’s products to us. When asked, the only employee on-site at Kunxiang, who claimed to be the finance manager, had no hesitation voicing his disapproval of the EH216, and instead offered their own, supposedly much higher quality products for sale.
>Kunxiang appears to be a willing participant in EH’s stock promotion. According to the same finance manager at Kunxiang, Kunxiang made an undisclosed RMB100 million ~$14 million pre-IPO investment in EH, which leads us to believe its true motive for signing these shambolic contracts was to benefit its investment, which is worth ~RMB473 million ~$68 million today.

>>28445825
If this is the reason ACEV spiked, the pumpers are extremely retarded. The problem is chip manufacturing. Achronix is fabless. TSMC is making their chips. In Taiwan.
Smh.

>>26163868
>complains about refugees
>is a refugee from /pol/
Go back.

Threadly reminder that Hydrogen is fucking dumb and never be viable.

Threadly reminder that Nuclear power is declining and will until there are no more nukes left.

Don't buy into the alternative alternative energy hypes. It's all going to be Natural Gas, Hydro, Wind, Solar and Batteries in the future.