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What action did the local court take against Saleen Auto after the revelation of false claims?

  • Fined the company

  • Closed down two local factories

  • Seized all assets

  • Revoked its license

Answer

After the revelation of false claims about technology investment, the local court closed down two local factories of Saleen Auto, froze the equity of four companies held by Wang, and shuttered Saleen Auto's Shanghai branch.
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