Electric car projects in reverse gear: bankruptcy fever instead of euphoria. US car manufacturer Tesla is successful with electric cars.
Numerous other newcomers also tried it - but many of them stumbled or have already failed. Electric car projects such as Hopium from France and WM Motor and Byton from China are also now insolvent. Rivian, in which Amazon has a stake, among others, suffered a loss of more than $43,000 for every vehicle sold in the fourth quarter of 2023.