David Ho: They're just recycling the same headline for EVs now.

They're just recycling the same headline for EVs now.

Lol. Of course it's the Daily Fail. Typical.

How would you explain that so many EV startups, such as commercial EV startup Arrival have gone bankrupt? techcrunch.com/2024/03/25/b...

Bankrupt EV startup Arrival sold its assets to Canoo | TechCrunchtechcrunch.com Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying

Quote: "Arrival, once valued at more than $13 billion and backed by Hyundai and UPS." This is how their UPS delivery van should have looked like: www.youtube.com/watch?v=0vkt...

UPS Drivers Test Arrival Van for the First Time | ARRIVALwww.youtube.com YouTube video by Arrival

This is how their bus looked like: www.youtube.com/watch?v=U8mi...

Take the Bus | The Arrival Bus hits the roadwww.youtube.com YouTube video by Arrival

Arrival even had two different self-driving autonomous race car projects: www.youtube.com/watch?v=74RA... And now they are bankrupt, just as so many other EV startups.

Roborace | Autonomous Racing | Powered by ARRIVALwww.youtube.com YouTube video by Arrival

You do realize that the majority of all startups go bankrupt. Success is not guaranteed in any industry. In this case, if they were frivolously spending money building race cars instead of building their core business that says a lot doesn't it.

That's why I pointed out their race car project. To both show what they were capable of (if they hadn't gone bankrupt they could have some day run self-driving buses or delivery vans). And also that they wasted some money. But overall they aren't the exception. The entire EV industry is struggling.

How are AOL, Yahoo, myspace, bebo, geocities, etc doing. Companies rise and companies fall, some linger on.

The difference is that many EV startups failed right from the start @douglassfrisk.bsky.social. I have been monitoring the whole sector: 1. US EV truck maker Nu Ride Inc. (formerly known as Lordstown Motors Corporation) files bankruptcy (June 27, 2023) en.wikipedia.org/wiki/Nu_Ride....

@douglassfrisk.bsky.social 2. US EV maker Electric Last Mile Solutions files for bankruptcy (June 13, 2022) www.reuters.com/business/aut...

EV maker Electric Last Mile Solutions files for bankruptcywww.reuters.com U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) said on Sunday it is planning to file for Chapter 7 bankruptcy, after a review of its products and commercialization plans.

@douglassfrisk.bsky.social 3. Solar car EV maker Sono Motors files for insolvency (May 17 2023) www.cleanenergywire.org/news/pv-clad...

PV-clad electric car start-up Sono Motors files for insolvencywww.cleanenergywire.org

@douglassfrisk.bsky.social 4. XL Fleet shut down its electric vehicle conversion business to rename as Spruce Power (November 04, 2022) www.bostonglobe.com/2023/09/29/b...

Former EV startup darling pays $11 million fine over misleading investors - The Boston Globewww.bostonglobe.com XL Fleet shut down its electric vehicle conversion business and was acquired by Denver-based Spruce Power last year.

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