On Tuesday, the US investment research firm Hindenburg Research published a report titled “EHang: Hollow Order Book And Fake Sales Make This China-Based eVTOL Company Last In Line For Takeoff.” EHang, China’s autonomous aerial vehicle company, is grappling with a significant credibility issue. The report accuses EHang of inflating its pre-order numbers and providing misleading information about early sales, creating an appearance of fraudulent revenue. EHang promptly refuted these claims on Wednesday, asserting that the report contains false statements and misrepresentations about the company’s business operations and financial status. The company strongly denies the allegations, particularly those suggesting that EHang deceived investors regarding its order pipeline and sales. [EHang]
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