SHANGHAI -- Chinese flying taxi maker EHang has become the latest target of U.S. short seller Hindenburg Research, which accused the startup of improprieties concerning the type certification and preorders for the aerial vehicles.
Shares of Nasdaq-listed EHang dropped 12.7% during trading on Tuesday, the day Hindenburg released the report. The startup later issued a statement denying Hindenburg's allegations that it misled investors.
