Skip to main content
  1. Home
  2. Cars
  3. News

Has China's futuristic, traffic-straddling bus scammed investors out of millions?

Add as a preferred source on Google

China’s 22nd-century-esque Traffic Elevated Bus (TEB) once promised to drastically reduce congestion in major cities like Beijing and Shanghai. A recent report finds the project has reached a dead end after getting attention — and money — from numerous investors.

The only functional TEB prototype is covered by a thick layer of dust and grime in a large, makeshift hangar located in the coastal city of Qinhuangdao. It hasn’t moved in months, and the security guards in charge of keeping an eye on the site say that no one has gone near the two-story-tall behemoth in weeks. They’re concerned the project has been shelved once and for all.

Recommended Videos

“The managers from the company have long drifted away, and I am unable to contact them,” explained one of the guards in an interview with The Shanghaiist.

The TEB’s future looked promising last August when the now-idle prototype began testing on a 328-meter stretch of road that Huaying Group, the company in charge of the project, leased from Qinhuangdao. However, observers quickly began raising serious doubts about how the TEB could be neatly integrated into China’s oft-chaotic streets. Notably, skeptics pointed out taller vehicles such as delivery trucks would be unable to drive under the bus because it only has 82 inches of clearance. Others noted that it’s a train, not a bus, because it rides on tracks.

More serious issues followed. About a month after the first test was carried out, Chinese media outlets reported the TEB project was a pipe dream fabricated by Huaying Group to scam investors out of billions of yuan. Further investigation revealed the company hadn’t started building its first factory yet; in fact, government officials hadn’t even given Huaying permission to develop the site. Reporters who traveled to the location of the factory found kids playing on a slightly littered vacant plot of land, not bulldozers, cranes, and cement mixers in action.

Investors soon walked away from the project, sometimes asking for their money back, which left Huaying strapped for cash. No one has ever managed to prove the TEB project was a scam — it could have been the victim of a smear campaign by the Chinese media. Of course, it could also simply be a half-baked, under-funded idea that’s too impractical for mass implementation. Qinhuangdao residents don’t want to find out why the project screeched to a halt; the TEB hangar was built on a public road so they want the prototype gone as fast as possible.

One thing is certain: The futuristic, traffic-hopping bus that promised to alleviate China’s chronic traffic woes will remain a prototype in the foreseeable future.

Ronan Glon
Ronan Glon is an American automotive and tech journalist based in southern France. As a long-time contributor to Digital…
This sleek Chinese EV pairs supercar styling with three AI brains
The Xpeng L03 is an AI supercomputer disguised as a stylish family SUV
Xpeng L03

Xpeng’s latest electric vehicle carries enough processing power to make the term "smart car" actually sound more realistic than it actually is. The new Xpeng L03 debuted simultaneously in Europe and China on July 16, with the company presenting it across 65 markets. Available as a fully electric vehicle and an L03 Power X range-extender, the coupe-SUV is Xpeng’s most internationally focused model so far. Market-specific prices and sales dates remain unannounced.

Three AI chips and Google Maps built right in

Read more
A new sodium battery posts wild four-minute charging numbers, but don’t expect it in an EV yet
The breakthrough could improve fast charging and battery life, but the study hasn’t demonstrated those results in a production-sized pack
EV Charger

A new sodium-metal battery has posted a charging number that makes today’s EVs look painfully slow. In laboratory testing, the cell operated at a 15C rate, equivalent to completing a charge or discharge in roughly four minutes.

That doesn’t mean researchers plugged in an electric car and watched it fill up before the driver finished buying coffee. The result came from a small experimental cell using a new quasi-solid electrolyte, while the larger pouch-cell prototype delivered far less dramatic performance.

Read more
The Apple Car may be dead, but it became the foundation of Apple Intelligence
A decade of work on a canceled car project reportedly laid the groundwork for Apple Intelligence.
Apple Intelligence in Apple Car

The Apple Car may have never left the garage, but it apparently gave birth to Apple's AI ambitions. According to Bloomberg's Mark Gurman, Apple's canceled autonomous vehicle project, one that consumed more than a decade of work and over $10 billion before being scrapped in 2024, ended up laying the technological foundation for Apple Intelligence. In a rather ironic twist, one of Apple's most expensive failures may also become one of its most important long-term investments.

The Apple Car forced Apple to think like an AI company

Read more