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Fisker on Monday became the latest all-electric vehicle startup to file for Chapter 11 bankruptcy protection amid lackluster consumer demand, significant cash burn and operational and product issues.
The British electric van-maker, which was backed by Hyundai and BlackRock, was valued at $13 billion upon its listing in 2021, according to Crunchbase. Arrival’s launch was a watershed moment ...
The 7-year-old electric car company was founded by designer Henrik Fisker, who has been its chairman and CEO. He designed the company's 2022 Ocean all electric SUV as well as the luxury plug-in ...
Canoo Inc. was an American automotive company based in Torrance, California, that developed and manufactured electric vehicles. [2] [3] Canoo's research and development team was based in Michigan, in the Detroit region (Auburn Hills, Livonia), and production operations in Justin, Texas.
The company completed the reverse merger that autumn. [5] Fisker Inc. developed the Fisker Ocean, an electric sport utility vehicle (SUV), which was released in 2023. [6] [7] In early 2024, the company experienced intense financial difficulties, and its shares were delisted from the NYSE. [8]
Nu Ride Inc., formerly Lordstown Motors Corporation, is an American electric vehicle automaker located in Lordstown, Ohio. The company was based at the Lordstown Assembly plant, previously a General Motors factory. [2] Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its ...
But it will not pay anything to shareholders wiped out investing in the defunct Southern California electric-vehicle maker. Judge approves Fisker bankruptcy plan favored by car owners Skip to main ...
On 25 March 2021, the company went public on NASDAQ under ARVL symbol. [37] The company was valued at more than US$15bn on the Nasdaq at its peak, dropping from 2022 to $250M in January 2023. [18] Arrival has established operations in the United States, with the Charlotte, North Carolina metro area serving as the company's U.S. base of operations.