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.
Intellizence monitors bankruptcy filing, insolvency & liquidation news, and public announcements by companies. Following is the curated list of major companies that have recently filed for bankruptcy.
Nick Carey/Reuters Britishvolt, a prominent battery start-up that generated enthusiasm from British politicians but never commercially produced a battery, filed for insolvency on Tuesday. The collapse deals a blow to Britain’s ambitions to develop low-carbon businesses to replace some of the trade lost under Brexit.
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.
But the startup put the cart before the horse, beginning work long before firm demand materialized. A123 went bankrupt in 2012, and while its collapse was tragic, it didn’t kill the U.S. battery sector. The same might not be true of Britishvolt.
Despite forming partnerships with companies like the carmaker Aston Martin and Glencore, the commodities trading house, it failed to raise enough money to either construct the factory or perfect its battery technologies. The company said Tuesday that it was forced into administration, analogous to filing for bankruptcy.
Empty booths are seen at a Red Lobster restaurant in Austin, Texas, on May 20, 2024. Red Lobster is among the many businesses that have filed for Chapter 11 bankruptcy …
Britishvolt had also planned to open a new battery development centre. The ambitious, but financially troubled, start-up only narrowly avoided collapse at the end of last year after an emergency ...
Electric car battery company Britishvolt has fallen into administration and made the majority of its 300 staff redundant, administrators have confirmed. The company, which …
ELMS, or Electric Last Mile Solutions, was one such startup. It went public in June 2021 through a SPAC merger, but by June 2022, it had already declared bankruptcy. ELMS aimed to manufacture...
Electric car battery company Britishvolt has fallen into administration and made the majority of its 300 staff redundant, administrators have confirmed. The company, which had plans to build a gigafactory to make …
UK battery start-up Britishvolt has collapsed into administration, with the majority of its 232 staff made redundant with immediate effect. Employees were told the news at an all …
What''s causing drug companies to go bust. The company''s current chapter 11 bankruptcy plan shows that it will not be able to pay the DOJ the full settlement because the …
In this article we are going to list the 15 biggest companies that went bankrupt. Click to skip ahead and jump to the 5 biggest companies that went bankrupt. Look, while we …
Considering that corporate bankruptcy filings are up 63% this year, Stacker looked at the 20 largest bankruptcy filings of American corporations between 1980 and 2015 to discover why companies went bankrupt and how …
The plans to rescue the company were met with plummeting commodity prices. In June 2017, Essar was named among the list of 12 stressed accounts submitted by RBI that …
Gathered on an emotional video meeting on Tuesday to hear of the company''s bankruptcy, most wanted to know the same thing: what went wrong?
Gathered on an emotional video meeting on Tuesday to hear of the company''s bankruptcy, most wanted to know the same thing: what went wrong?
PowerCo, owned by Volkswagen, delayed expansion plans last year. EV sales in Europe dropped by 5% in the first ten months of this year, compared with the same period in …
2018: The construction of Northvolt Ett, the company''s large battery factory in Skellefteå in the north of Sweden starts. The same year the construction of the company''s …
At the end of 2021, Garuda reported a debt of $9.8 billion to hundreds of creditors. By January 2022, its debt level reached $13.8 Billion. The company tried to buy …
The documents released by EY on Tuesday reveal the huge debts incurred by the UK''s hope for a national battery champion as its plans to raise £800mn fell flat last year.
ELMS, or Electric Last Mile Solutions, was one such startup. It went public in June 2021 through a SPAC merger, but by June 2022, it had already declared bankruptcy. …
Intellizence monitors bankruptcy filing, insolvency & liquidation news, and public announcements by companies. Following is the curated list of major companies that have …
The documents released by EY on Tuesday reveal the huge debts incurred by the UK''s hope for a national battery champion as its plans to raise £800mn fell flat last year.
The number of companies that went bust last year in England and Wales hit a 30-year high, according to the latest figures., external More than 25,000 company insolvencies were registered in 2023 ...
UK battery start-up Britishvolt has collapsed into administration, with the majority of its 232 staff made redundant with immediate effect. Employees were told the news at an all-staff meeting on...
Britishvolt, a battery manufacturer startup, announced Tuesday that it was declaring bankruptcy, dealing a punishing blow to the United Kingdom''s automotive sector.
The term "retail apocalypse" doesn''t simply sprout up overnight, yet that''s the label circulating in the Australian retail industry. If you thought 2020 was the year of clarity, for …
Despite significant investment and potential, these companies had high hopes—but eventually filed for bankruptcy.
Britishvolt, a battery manufacturer startup, announced Tuesday that it was declaring bankruptcy, dealing a punishing blow to the United Kingdom''s automotive sector.
Britishvolt, a prominent battery start-up that generated enthusiasm from British politicians but never commercially produced a battery, filed for insolvency on Tuesday.