Another Electric Car Manufacturer Has Gone Bankrupt

Another Electric Car Manufacturer Has Gone Bankrupt1

May 1 – Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market. The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business. The company uses the same technology is used in cars to build systems for utilities and building operators to store power. A group of…

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