{"id":763,"date":"2024-12-09T16:00:43","date_gmt":"2024-12-09T16:00:43","guid":{"rendered":"https:\/\/auto-future.org\/?p=763"},"modified":"2024-12-09T17:55:36","modified_gmt":"2024-12-09T17:55:36","slug":"financial-outlook-of-ev-startups-darkens","status":"publish","type":"post","link":"https:\/\/auto-future.org\/index.php\/2024\/12\/09\/financial-outlook-of-ev-startups-darkens\/","title":{"rendered":"Financial outlook of EV startups darkens"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”-49px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”-42px|auto||auto||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}” theme_builder_area=”post_content”]

The WSJ reports:<\/p>\n

\u201cSwedish-based battery maker Northvolt became the latest casualty last week,\u00a0filing for Chapter 11<\/a>\u00a0after\u00a0BMW<\/a>\u00a0canceled a key order.<\/p>\n

\u00a0A Journal analysis of 54 publicly traded EV and battery startups shows an increasingly dire financial situation. Seven companies have already filed for bankruptcy. Of 36 operational companies with sufficient data for analysis, three-quarters are losing money and 13 are projected to run out of cash by next summer.<\/p>\n

<\/blockquote>\n

\u00a0Even shares of more stable startups, such as\u00a0Rivian Automotive<\/span><\/a>\u00a0and\u00a0Lucid GroupLCID\u00a00.46%increase; green up pointing triangle<\/a><\/span>, are down nearly 50% this year as they face an\u00a0increasingly challenging outlook<\/span><\/a>\u201d<\/p>\n

<\/blockquote>\n

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\u00a0Read full article<\/span> <\/a><\/span><\/p>\n

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<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”-56px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

The WSJ reports: \u201cSwedish-based battery maker Northvolt became the latest casualty last week,\u00a0filing for Chapter 11\u00a0after\u00a0BMW\u00a0canceled a key order. \u00a0A Journal analysis of 54 publicly traded EV and battery startups shows an increasingly dire financial situation. Seven companies have already filed for bankruptcy. Of 36 operational companies with sufficient data for analysis, three-quarters are losing […]<\/p>\n","protected":false},"author":1,"featured_media":765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,13,30,31],"tags":[],"class_list":["post-763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-battery","category-b-models","category-consumer-preferences","category-cost-changes","et-has-post-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"https:\/\/auto-future.org\/wp-content\/uploads\/2024\/12\/northvolt.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/posts\/763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/comments?post=763"}],"version-history":[{"count":4,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/posts\/763\/revisions"}],"predecessor-version":[{"id":771,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/posts\/763\/revisions\/771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/media\/765"}],"wp:attachment":[{"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/media?parent=763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/categories?post=763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/auto-future.org\/index.php\/wp-json\/wp\/v2\/tags?post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}