Arrival, too, expressed “materials uncertainties in regards to the Company’s capability to continue as a going concern” in its last earnings launch. In 2020, Bollinger Motors’ web cash offered by financing activities was greater than $20 million. Mullen Automotive Inc. acquired a controlling interest in Bollinger late final 12 months, but in June, Bollinger had money to cowl somewhat greater than a month of operating expenses. Bollinger solely just revived its unique merchandise, two electrical off-road autos, and is still ready to begin manufacturing of a Class 4 truck. But these stumbles and others began to erode investor confidence in electric automobiles from different corporations, too. Nikola had about seven months’ price of cash to cover operating expenses as of its latest SEC submitting.
Indonesia Automotive Trade Newswire
Bosch executives stated they have been urgent ahead to invest, refusing to take their eyes off potential long-term gains, even while handling …
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