Browsing: Bankruptcy
Human Horizons’ HiPhi brand has vehemently denied allegations of trade secret infringement made by Faraday Future Intelligent Electric Inc against…
Faraday Future has initiated legal action against Ding Lei, the founder of Human Horizons Holdings, the parent company of HiPhi.…
The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it has reached a settlement with Lordstown Motors Corp,…
British electric vehicle startup Arrival has appointed EY as administrator for two of its units, the consulting firm announced on…
CAKE, the renowned Swedish electric motorcycle manufacturer recognized for its distinctive designs, is reportedly facing bankruptcy as it struggles to…
The Volvo Group has successfully concluded the acquisition of the battery business from Proterra Inc. and Proterra Operating Company Inc.…
Hedge fund Luxor Capital has completed the acquisition of the UK business and assets of Volta Trucks, forming a separate…
In a potential turnaround for commercial electric vehicle (EV) startup Volta Trucks, Luxor Capital Group, a major shareholder and lender,…
In a development raising concerns for Britishvolt’s future, the owner of the battery start-up, Recharge Industries, faces the possibility of…
Dutch e-bike specialist VanMoof has made waves in the bicycle industry for less-than-ideal reasons lately, with the bankruptcy saga dominating…
Phoenix Motorcars has announced its acquisition of Proterra Transit for a sum of $10 million. This move comes shortly after…
Swedish automaker Volvo is set to acquire the battery business of Proterra and Proterra Operating Company for $210 million, aiming…
Volta Trucks, the Sweden-based electric truck manufacturer with operations in the United Kingdom, is actively seeking an acquisition deal to…
In the midst of an ongoing strike by the United Auto Workers (UAW) against major automakers General Motors (GM), Ford,…
In a recent interview with CNBC Overtime, Ford CEO Jim Farley voiced his concerns over the ongoing negotiations with the…
Lordstown Motors Proposes to Pay Nothing for Foxconn’s Preferred Equity Shares in Bankruptcy Plan
By Derick Munoz
Lordstown Motors, the bankrupt electric vehicle manufacturer, has put forth a Chapter 11 bankruptcy plan that outlines its intention to…
McLaren Applied, the electric scooter arm of Formula One’s engineering and technology firm McLaren Applied, has announced its acquisition of…
Rumors have surfaced regarding an impending acquisition that could reshape the landscape of the electric mobility industry. Reports suggest that…
Electric Vehicle Supplier Proterra Files for Chapter 11 Bankruptcy Amid Industry Challenges
By Ryan Fisher
In a recent development, electric vehicle parts supplier Proterra has filed for Chapter 11 bankruptcy protection, underscoring the growing difficulties…
Ohio-based automaker Lordstown Motors Corp. has encountered significant challenges in establishing a strong foothold in the electric pickup truck market.…