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This includes high-profile companies like Nikola and Fisker, which previously garnered substantial investor attention with their ambitious industry-transforming plans.
The trendy EV market could be in trouble as at least 18 EV and battery start-ups that went public in the last few years are running out of funds to operate.
The trendy electric vehicle (EV) market could be in trouble as at least 18 EV and battery start-ups that went public in the last few years are running out of funds to operate, according to an analysis by the Wall Street Journal.
Startups in the electric vehicle industry are experiencing dwindling funds amid supply chain problems, failing to keep up with a once strong consumer demand.