Bloodbath as big EV firm files for bankruptcy

News.com.au - 20/02

An American EV manufacturer famous for fake announcements that put its boss in jail has declared bankruptcy.

Nikola, a truck manufacturer spruiking battery and hydrogen-powered alternatives to the Tesla Semi, is the latest manufacturer to declare an end to its production run.

It follows failures for fellow US brands Fisker, Canoo and Faraday Future that have failed to match Tesla’s stratospheric rise.

MORE: Chinese EV stuns with low price

US electric truck manufacturer Nikola has declared bankruptcy. Picture: Supplied

While Nikola – a company named after electrical pioneer Nikola Tesla – promised to revolutionise the world of road transport...
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Category: News

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Original link, read full article here: https://www.news.com.au/technology/motoring/motoring-news/nikola-electric-truck-company-declares-bankruptcy/news-story/c7ecef49ec842addbde4234546985b2e
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