Chinese Elevated Bus Is A Scam?

Posted by HardOCP News 2:52 PM (CDT)

Monday August 08, 2016

Remember that crazy elevated bus concept we showed you a few months ago? Well, after a recent public demonstration the Chinese media is calling the whole thing a "scam."

Several state media outlets have published articles alleging that the company in charge of developing the TEB crowdfunded their project illegally and misled investors. Despite the hype surrounding the trial run, both domestic and abroad, it seems that the company may have blown the occassion out of proportion. Not only was the test run just 300 meters long and completely failed to mimic real-life traffic conditions, but authorities in Qinhuangdao city also were not aware of it even happening, People's Daily reports. The firm later verified that it wasn't a "road test," but simply part of "internal testing."