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.
電動汽車初創公司Arrival SA（OTC：ARVLF）週一宣佈，該公司已被宣佈破產，與美國電動汽車製造商Lordstown Motors和Proterra遭遇同樣的命運。
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.
發生了什麼：公司於5月16日向法院申請破產申請，法院於5月22日作出判決，宣佈該公司破產，Arrival在週一的聲明中說。
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，公司的董事會不再管理公司事務，法院任命Philippe Thiebaud爲公司的破產受託人。
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.
總部位於英國的Arrival曾經計劃在全球電動汽車生產行業板塊中實現革命。Arrival在2023年上半年結束時擁有約4300萬美元的現金及現金等價物。上半年虧損1.557億美元，而2022年對應的上半年虧損1億美元。
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.
爲什麼重要：今年1月，Nasdaq通知該公司其證券交易即將暫停並將之後除牌，原因是其未能符合交易所的上市標準。
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現已加入最近申請破產的電動汽車公司名單，包括Lordstown，Proterra和Volta Trucks，這些公司面臨高昂的生產成本和缺乏資本方面的壓力。
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於2021年3月通過與CIIG Merger Corp的SPAC合併上市。當時，股價爲22美元，但在除牌時跌至不到1美元。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
請通過此鏈接查看更多Benzinga的智能出行報道關注此鏈接以獲取更多信息.
Read More: Former Tesla Exec Says Traditional Dealership Model 'Would've Ended' Company: 'Existential Threat To EVs'
更多閱讀： 前特斯拉高管表示，傳統經銷商模式“已經結束了”公司：“對電動汽車的生存威脅”
Photo via Shutterstock
圖片來自shutterstock。