The joint venture between a legacy giant and an EV startup will be a fascinating test of the industry’s effort to embrace technological change, James Surowiecki writes.
The Atlantic’s Post
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Fisker’s collapse would add to the pileup of troubled and failed automotive startups that rode the wave of investor zeal for EVs during the pandemic. These young companies raised billions of dollars with bold promises to upend the more than century-old car business. Investors also were game to bet on finding the next Tesla, the EV maker with an eye-popping share price. Fisker’s downfall underlines the stakes for cash-burning automotive upstarts, which are trying to break into a capital-intensive, low-margin industry dominated by a handful of deep-pocketed players. These young car companies have innovative ideas but struggled with the fundamentals of making and selling vehicles at a profit. Meanwhile, Americans’ interest in buying battery-powered vehicles has cooled.
A Famed Car Designer’s Doomed Attempt to Challenge Tesla
wsj.com
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Many of Dassault Systemes' customers are famous, multi-billion manufacturers so you may automatically think that the #3dexperienceplatform is only for the "big guys", not startups or smaller players. Check out this case study with Harbinger and the 3DEXPERIENCE for Startups program.
Harbinger
3ds.com
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Changing the status quo of EV one truck at a time.
Rivian (RIVN) is outpacing other EV startups in registrations
Rivian (RIVN) is outpacing other EV startups in registrations
https://electrek.co
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CVO Finding Fasteners Inc. | Co-Founder Battery Sealing Solutions |Transforming EV and Renewable Energy through Innovative Solutions
How much money has been spent on failed #EV startups? $150 billion? Fisker and Canoo may be the next to go 🤯. Apple announced this week that it was giving up on its EV dream 😴, and it’s spent close to $20 billion trying to fund its production. Mr. Fisker is on his second attempt after spending almost $2 billion on another effort in 2012, now Karma Automotive. https://lnkd.in/g3SXwW32 Faraday Future also made two attempts, with one going bust in 2017 and trying again for a SPAC in 2020. $2 billion was invested in the first go-round. https://lnkd.in/gAwfA_T6 Sono Motors and Lightyear went bust last year with another billion between them. https://lnkd.in/gdYBc_2i British effort Arrival filed bankruptcy last month after over $2 billion was spent. https://lnkd.in/gxSdhbaR With legacies like #Ford and Mercedes-Benz AG announcing drastic EV cutbacks this week, what is the future of western EVs? Rivian and Lucid Motors are the only two left standing outside Tesla. Neither will go bust as one will get bought before that, and the other has the whole weight of the Saudi government behind them. It makes you wonder 💭 whether the West needs a new approach that involves government support. Thanks for the article - Tim Levin https://lnkd.in/gybdXpzs
Fisker Warns It May Run Out Of Money In The Next 12 Months
insideevs.com
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A new player is making waves in the EV world. Check out the details in this video. #EVStartup #ElectricVehicles #AutoIndustry #innovation
EV Startup Valued Higher Than Ford or GM
ien.com
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Tritium® has appointed administrators 13 months after it listed on NASDAQ via a SPAC deal. That should have given the company decent runway, but operating losses/cash burn has been running close to $100m a year - and since the collapse of SVB a year ago, equity financing has been as tough as anyone can remember. As always with these things, there will be some important lessons to learn - whether they are new ones remains to be seen. Meanwhile, don't let this distract you from the main story - the rise and rise of hybrids and EVs (for more, see linked article), not to mention all the downstream activity in EV supply chains, including the recent proposed bid for Anglo American . https://lnkd.in/eMmMpyAv #EVs #Copper #Impact #startups #InvestmentBanking
Top EV Carmakers By Sales In Q1 2024: Tesla Vs. BYD
insideevs.com
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🔋 Electric vehicle startup Fisker Group Inc. has filed for Chapter 11 bankruptcy protection, becoming the second EV maker to do so in the past year. Facing market and macroeconomic challenges, Fisker has decided to sell its assets as part of its restructuring plan. This filing highlights the ongoing struggles within the EV industry, which is finding it hard to expand beyond early adopters. Learn more about Fisker's journey and the broader implications for the EV market. #ElectricVehicle #FiskerGroup #EVIndustry #EVMarket
Fisker Becomes 2nd EV Maker to File for Bankruptcy in Past Year
autobodynews.com
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A new player is making waves in the EV world. Check out the details in this video. #EVStartup #ElectricVehicles #AutoIndustry #innovation
EV Startup Valued Higher Than Ford or GM
impomag.com
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