What’s going on here?EV startup Fisker, founded by Henrik Fisker, faces liquidation after failing to scale up production of its Ocean SUVs.What does this mean?Fisker filed for bankruptcy protection in Delaware on Monday, citing severe financial troubles and an inability to secure more funding. The company’s efforts to scale production of its Ocean SUVs contributed to a net loss of $940 million in 2023, leaving it with over $850 million in debt. Fisker plans to liquidate assets, including…
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Source: https://finimize.com/content/electric-car-startup-fisker-faces-liquidation-after-financial-troubles