Yeah, the remote control bit is funny, maybe they intend it as a toy?

very short wheelbase and v.heavy looking lead-acid batteries too, no wonder it's got scooter tyres on, prob needed to carry all the weight :-D
Reminds me of DiBlasi folding bike & trike.
I once saw a Japan manufacturers patent that looked like it used same screw rack method to convert from upright to recumbent on the fly!