Tag: bankrupt

May 14, 2018 - 01:14 pm

Electrovaya’s Litarion out of battery business

Battery company Litarion, which Electrovaya had set up in Germany, is now completely bankrupt. Insolvency had proceeded for some time but with their premises having been seized by Daimler’s Li-Tec and investors exiting, Litarion has no way to go on any longer.

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Dec 19, 2017 - 02:11 pm

Faraday Future is running a ghost operation

The future of EV start-up Faraday is increasingly bleak. Reports from its facility in California say it is deserted and devoid of equipment. On the Chinese end of things, FF’s top investor has been put on a debt blacklist. 

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Found on electrive.com
https://www.electrive.com/2018/05/14/electrovayas-litarion-out-of-battery-business/
14.05.2018 13:56