Another EV Maker Bites The Dust: Arrival Joins Growing List Of Bankrupt Startups
Another EV Maker Bites The Dust: Arrival Joins Growing List Of Bankrupt Startups
Electric vehicle startup Arrival SA (OTC:ARVLF) announced on Monday that the company has been declared bankrupt, sharing the same fate as American EV maker Lordstown Motors and Proterra.
电动汽车初创公司Arrival SA（OTC：ARVLF）周一宣布，该公司已被宣布破产，与美国电动汽车制造商Lordstown Motors和Proterra遭遇同样的命运。
What Happened: The company filed a bankruptcy petition with the court on May 16, and the court rendered a judgment on May 22 declaring it bankrupt, Arrival said in a statement on Monday.
发生了什么：公司于5月16日向法院申请破产申请，法院于5月22日作出判决，宣布该公司破产，Arrival在周一的声明中说。
As of May 22, the company's board of directors no longer manages the company's affairs, and Philippe Thiebaud was appointed by the court as bankruptcy trustee of the company.
截至5月22日，公司的董事会不再管理公司事务，法院任命Philippe Thiebaud为公司的破产受托人。
U.K.-based Arrival once had grand plans to revolutionize the global EV production industry. Arrival ended the first half of 2023 with approximately $43 million in cash and cash equivalents. The loss for the half-year was $155.7 million, compared to a loss of $100 million in the corresponding half of 2022.
总部位于英国的Arrival曾经计划在全球电动汽车生产行业板块中实现革命。Arrival在2023年上半年结束时拥有约4300万美元的现金及现金等价物。上半年亏损1.557亿美元，而2022年对应的上半年亏损1亿美元。
Why It Matters: In January, the company was notified by Nasdaq about an upcoming suspension in the trading of its securities and subsequent delisting due to a lack of compliance with the exchange's listing standards.
为什么重要：今年1月，Nasdaq通知该公司其证券交易即将暂停并将之后摘牌，原因是其未能符合交易所的上市标准。
Arrival has now joined the growing list of EV companies to have filed for bankruptcy recently, including Lordstown, Proterra, and Volta Trucks, amid high production costs and a lack of access to capital.
Arrival现已加入最近申请破产的电动汽车公司名单，包括Lordstown，Proterra和Volta Trucks，这些公司面临高昂的生产成本和缺乏资本方面的压力。
Arrival went public in March 2021 through a SPAC merger with CIIG Merger Corp. The shares then opened at $22 but slumped to below $1 by the time of delisting.
Arrival于2021年3月通过与CIIG Merger Corp的SPAC合并上市。当时，股价为22美元，但在摘牌时跌至不到1美元。
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Read More: Former Tesla Exec Says Traditional Dealership Model 'Would've Ended' Company: 'Existential Threat To EVs'
更多阅读： 前特斯拉高管表示，传统经销商模式“已经结束了”公司：“对电动汽车的生存威胁”
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