Which EV maker has filed for bankruptcy?

The most high-profile EV maker bankruptcy in recent months has been Fisker, maker of the Ocean SUV. It filed for Chapter 11 bankruptcy in June 2024, after initial order levels for its debut production model fell short of internal expectations.

Are EV startups going bankrupt?

While a big wave of EV startups have gone bankrupt in the years since the pandemic began, some didn't make it that far. Zhidou was one of China's earliest EV startups, being founded in 2006, and at one point it looked like it was destined for success.

Did Ener1 go bankrupt?

Indiana-based Ener1 Inc., recipient of a $118 million grant to make lithium-ion batteries for electric cars and other applications, filed for Chapter 11 bankruptcy reorganization, inviting comparisons with solar equipment maker Solyndra, which went bankrupt after receiving a DOE loan.

Why did Northvolt go bankrupt?

The Swedish battery developer and manufacturer, Northvolt, has filed for bankruptcy in the US, as the company struggles with mounting debt, after it was unable to secure rescue funding and was left with only one week of cash reserves.

Which companies have opted for Chapter 11 bankruptcy protection?

In recent years several Swedish companies have opted for Chapter 11 bankruptcy protection filings, such as Scandinavian airline SAS and debt collector Intrum, a process that allows management to retain control over the company and run operations.

Why did WM Motor go bankrupt?

Despite having financial backing from some of the country's biggest tech giants, China's WM Motor couldn't carve out a big enough slice of its home market and filed for bankruptcy in October 2023. By the time it ran out of cash, the company's lineup had expanded to five models manufactured across two facilities.