"ROBOTAXI"

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HiPhi has welcomed a new owner in the Middle East, EV Electra, but this "white knight" promises to invest $1 billion to restructure HiPhi, while at the same time issuing coins to raise $840 million on its official website, even using the HiPhi logo for token promotion. EV Electra, which has been embroiled in fraud controversies, raises the question of whether it is a true player in the new energy capital sector or merely a cryptocurrency speculator disguised as an automaker. The business logic, sources of funding, and motives for the tokens are all worth scrutinizing.