English => News => Topic started by: Redaktion on January 18, 2025, 10:50:56
Title: The list of failed EV startups grows as Canoo files for bankruptcy and shuts down operations
Post by: Redaktion on January 18, 2025, 10:50:56
Electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and ceased operations, citing less than $50,000 in assets against liabilities of up to $50 million. Despite initial promise and partnerships with major organizations, the company struggled with strategic shifts, funding issues, and governance challenges.