The company says the filing is designed to strengthen its financial position and that it will keep operating throughout the bankruptcy process. Last December, the California-based company announced it would be concentrating its operations in South Carolina by the end of this year. Proterra is currently building a 43-acre battery plant in …
(CNET) NEW YORK A123 Systems, a lithium-ion battery maker that has received hundreds of millions in government support, filed for bankruptcy protection today.. The move makes A123 the latest ...
Britishvolt''s bankruptcy is the death knell for the UK''s battery ...
Britishvolt, a battery manufacturer startup, announced Tuesday that it was declaring bankruptcy, dealing a punishing blow to the United Kingdom''s automotive …
Britishvolt, a prominent battery start-up that generated enthusiasm from British politicians but never commercially produced a battery, filed for insolvency on …
Electric Vehicle Companies Going Belly Up on Biden''s Watch
Proterra, an electric bus company, has filed for Chapter 11 bankruptcy, making it the latest company to go belly up in an industry with supply chain constraints and slowing demand. The bankruptcy filing marks a fall from grace for the electric bus and battery producer, which had sold more than 1,300 electric buses to public transit systems …
''EV is boring, it''s all solved'': Why an Irish battery company is …
Proterra of the US, an electric bus maker that moved into OHV batteries and floated in 2021, filed for bankruptcy last year after struggling to scale up different …
Solar companies can go out of business due to various reasons. Low-quality equipment and compromised components can lead to system failures and dissatisfied customers. ... which revolutionized the solar industry. However, financial struggles led to the company filing for Chapter 11 bankruptcy in 2017. Although the brand was later revived …
(CNET) NEW YORK A123 Systems, a lithium-ion battery maker that has received hundreds of millions in government support, filed for bankruptcy protection today.. The move makes A123 the latest ...
Electric car company Fisker files for bankruptcy protection
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.
Volvo is buying bankrupt Proterra''s battery business for $210M
The transaction between California-based EV battery and platform developer Proterra and Volvo Group is, of course, subject to approval by the US bankruptcy court, but the closing is expected in ...
Electric Car Battery Maker Goes Bankrupt Despite $500M in Subsidies
Another day, another subsidized "green energy" firm going bankrupt. This time it''s A123 Systems Inc., a Massachusetts-based manufacturer of batteries for electric cars that received about ...
Britishvolt: UK battery start-up collapses into administration
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 ...
Why Did Solyndra Fail? These Are The 3 Major Reasons
Because Solyndra filed for Chapter 11 bankruptcy, neither the company nor its executives are required to pay back the funding it took on. However, in the subsequent years, Solyndra was able to auction off some of its possessions. Additionally, it settled with a Chinese solar manufacturer for $7.5 million in April 2016.
EV battery maker Proterra files for Chapter 11 bankruptcy protection
Cash-strapped electric bus and battery maker Proterra Inc. filed for Chapter 11 bankruptcy protection Monday. The company plans to keep running while sorting out …
Volta Trucks, which had planned to begin selling its heavy EV trucks in the US this year, has filed for bankruptcy in Sweden.A short statement from the company paints a pretty grim picture, with ...
Volvo Has Just Purchased This US-Based EV Manufacturer
Volvo Group has purchased Proterra''s assembly factory in South Carolina and a development center for battery packs and modules based in California in a …
What SunPower Customers Need to Know About Its Bankruptcy
3. Call the manufacturers of your equipment Solar equipment often has its own warranties offered by manufacturers. After reviewing your SunPower documents, contact the manufacturers of your solar panels, inverters, and racking equipment to confirm that the manufacturer warranty is still valid after the SunPower bankruptcy news.
Fisker files for bankruptcy after Ocean EV quality issues
Electric vehicle startup Fisker filed for Chapter 11 bankruptcy protection late on June 17 after months of quality issues with its Ocean crossover, a failed attempt to partner with a major ...
Electric Vehicle Companies Going Belly Up on Biden''s Watch
The bankruptcy filing marks a fall from grace for the electric bus and battery producer, which had sold more than 1,300 electric buses to public transit systems in the United States and Canada and received a $1.6 billion valuation in a …
Biden-backed electric vehicle company files for bankruptcy
President Biden frequently extolled an electric vehicle company — in which his energy secretary heavily invested — before it declared bankruptcy on Monday.. Bay Area-based electric bus and ...
7 Battery & EV Companies That Have Filed for Bankruptcy
7 Battery & EV Companies That Have Filed for Bankruptcy. Despite significant investment and potential, these companies had high hopes—but eventually filed for bankruptcy.
Proterra, a company that develops battery systems for buses and other heavy duty EVs, filed for bankruptcy earlier this week, making it the latest in a string of failures in the EV sector.
