Saleen Automotive, Inc. (fka SLNN)

[cure]

Saleen China (JSAT) went out of business.

It's all over, folks. Our lifeline is shutting down and the whereabouts of its CEO are unknown. It sounds like he is leaving the mess behind in China to return to his career as a lawyer in the U.S.

Jiangsu Saleen, which held a high-profile car launch in July 2019 attended by actor Jason Statham and Chinese-Canadian rapper Kris Wu at the stadium that hosted the 2008 Beijing Olympics, also is halting operations. The company is under investigation for an alleged certificate fabrication and embezzlement of funds, according to a statement posted on the website of a development zone where the company’s factory is based. Jiangsu Saleen has denied the allegations in local media.

https://en.jiemian.com/article/4625881.html
https://www.ttnews.com/articles/tesla-pushes-chinas-ev-bubble-closer-bursting
https://oilprice.com/Energy/Energy-General/Teslas-China-Gamble-Is-Paying-Off.html
https://jalopnik.com/u-s-automakers-are-rapidly-approaching-a-supply-crisis-1844335108