Seven-year-old electric vehicle startup Canoo filed for bankruptcy and decided to cease operations took.
to your life EVelosity which started as and then changed Canoo The company, which was restructured as 2021 with the electric car it prepared to put into mass production in was out. After the company MPDV a commercial electric vehicle called and electric pickup The model had arrived. In fact, this model was specially modified and made suitable for military use under the name “LTV (Light Tactical Vehicle)”. The last thing that brought the company to the agenda was the American Bulldog model. This concept off-road vehicle, which you can see above, has Canoo’s unique futuristic design line, blending round and angular lines and promising a very large living space. The concept, whose screen is placed on the left instead of in the center, unlike many vehicles, seems to remain as a concept in the light of the bankruptcy development. The electric vehicle startup has been experiencing cash shortages for a long time and had difficulty providing additional financing due to the low demand for the vehicles it prepared. In fact, the company announced last week that it laid off 82 employees.
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The most prominent bankruptcy in the electric car market last year was Fisker. Fisker filed for “Chapter 11” bankruptcy in the USA. According to a post, the aim of the company, which filed for Chapter 11 bankruptcy in the USA, is to continue to remain in the market, unlike Chapter 7. In a statement on this subject the following is conveyed: “The aim of the company applying for Chapter 11 is to continue to stay in the market, unlike Chapter 7. For this purpose, the bankruptcy court may erase some or all of the company’s debts. The logic here is that the company is worth more than the sum of its assets. The advantage for creditors is that they may gain more than they could from selling assets if the company hits a financial plateau. Because, as a result of the deletion of debts, the current owners of the company lose all their rights over the company and the company passes under the management of creditors.”