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Hindenburg Research Profile picture
@HindenburgRes
Jun 28, 2020 • 4 tweets • 2 min read • Read on X
Today, posted photos & video of its Qingdao EV 'operation'.

After we called them out for having no physical presence on site last week, we had a feeling the co. would attempt to cover it up, so we had a surveillance team monitor the site this weekend... (1/x) Image
Instead of showing a roaring "MEG" sales operation, the company instead displayed its logo on 2 easily modifiable LED signs.

We visited the same spot days ago. The signs were blank and turned off with no logo. We even posted them on twitter

We also took video from inside the facility today. No signs of or MEG, no booming EV car business. We believe is trying to make this facility out to be something bigger than it is because they know that their narrative is falling apart.

Per a 3/20 press release, investors believed they had a “1 Million square foot site (that) has been renovated as a permanent EV expo center".

Today, investors see they are the operators of 2 LED signs.

We remain short.

investors.ideanomics.com/2020-03-20-Ide…

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