Hindenburg Research has just released a damning Report that states, in pertinent part, that “92+% of EHang’s claimed 1,300+ unit pre order book is based on ‘dead’ or ‘abandoned’ deals, failed partnerships, and newly-formed customer entities with no no discernible operations.”
The Report concludes that EHang seems to have a major credibility issue—whether it be by fluffing up its supposedly massive 1,300+ unit pre-order book (which looks to almost entirely be vapor) or seemingly brazenly misleading about early sales that bear all the hallmarks of fake revenue.
With its consistent underinvestment in R&D, EHang would need to rework its entire design to satisfy the safety needs for the use cases to which it aspires.
Trust is crucial in the aviation industry, both for investors and potential customers who are literally putting their lives at risk. We think the company is a fatal accident waiting to happen, both for investors and for passengers.
To read the full report with all its shocking revelations, click here.