Yet Another Chinese EV Hustle?

The Equity Dispatch #22

With very limited cash balances, a mountain of liabilities, and a poorly positioned product, we believe this luxury EV automaker may have resorted to distorting its financial statements to tell a good story. The fact remains: the company is trying to sell luxury EVs in a hyper-competitive market with a name little known outside its home country base. Very large capital-raising dilution appears likely, or the company could be on its way to the Pink Sheets.