Oddbean new post about | logout

Notes by Chinese EV Startup WM Motor Faces Operational Chal... | export

 Chinese EV Startup WM Motor Faces Operational Challenges, US Electric Scooter Company Bird Files for Bankruptcy, and Fisker Files for Chapter 11 Bankruptcy
===============	
#995af0d4 ver:0.08

Chinese EV startup WM Motor faces operational challenges and files for pre-restructuring, while US electric scooter company Bird files for bankruptcy protection. Fisker Inc. also files for Chapter 11 bankruptcy. These developments highlight the challenges faced by companies in the electric mobility sector. Strategic investors, operational efficiency, and debt management are crucial for survival and success. #EV #bankruptcy #mobility #investors...

#newstr #WmMotor #EvStartup #OperationalChallenges #Pandemic #CapitalMarket #Restructuring #StrategicInvestors #Losses #Listing #ConsumerSpending #Bird #BankruptcyProtection #Reorganization #SustainableGrowth #Financing #ScooterCompanies #Accidents #FiskerInc #Chapter11Bankruptcy #Cashstrapped #MarketHeadwinds #MacroeconomicHeadwinds #OceanSuv #Recall #Investigation #Liquidation #Profitability #ElectricMobilitySector #SharedMicromobilityIndustry #GreenhouseEmissions #AirPollution #Traffic #StrategicInvestors #DebtObligations 

 https://here.news/story/995af0d4?ver=0.08 
 Chinese EV Startup WM Motor Faces Operational Challenges, US Electric Scooter Company Bird Files for Bankruptcy, and Fisker Files for Chapter 11 Bankruptcy
===============	
#995af0d4 ver:0.07

Chinese EV startup WM Motor faces operational challenges and files for pre-restructuring, while US electric scooter company Bird files for bankruptcy. Fisker Inc. also files for Chapter 11 bankruptcy. These developments highlight the challenges in the electric mobility sector and raise questions about the viability of shared micromobility. Strategic investors, streamlined operations, and managing debt will be crucial for survival. #EV #bankruptcy #micromobility...

#newstr #WmMotor #Bird #Fisker #Bankruptcy #ElectricVehicles #SharedMicromobility 

 https://here.news/story/995af0d4?ver=0.07 
 Chinese EV Startup WM Motor Faces Operational Challenges, US Electric Scooter Company Bird Files for Bankruptcy, and Fisker May Seek Bankruptcy Protection
===============	
#995af0d4 ver:0.06

Chinese electric vehicle (EV) startup WM Motor has filed for a pre-restructuring process, citing operational challenges caused by the pandemic, capital market sluggishness, and setbacks in gaining capital. The company plans to introduce strategic investors to support its rebirth. WM Motor's annual losses doubled to 8.2 billion yuan ($1.13 billion) over the past three years. The filing comes after failed attempts to seek a listing in Shanghai and Hong Kong. Concerns remain over consumer spending on cars amid a shaky post-COVID economic recovery.

In a separate development, US electric scooter rental company Bird has also filed for bankruptcy protection for its US assets. The reorganization will involve the sale of assets and aims to position the company for long-term, sustainable growth. Bi...

#newstr #WmMotor #Bird #Fisker #Bankruptcy #ElectricVehicle #EvStartup 

 https://here.news/story/995af0d4?ver=0.06