EV giant Fisker files for bankruptcy after production struggles

Fisker's bankruptcy filing has raised concerns about the US electric vehicle industry as climbing costs and production issues threaten the sustainability of EV startups.Inflation and production issues contribute to the company's bankruptcy filing. / Photo: Reuters

Fisker is in"advanced discussions with financial stakeholders" over the sale of its assets, according to a company statement announcing the bankruptcy proceedings published overnight into Tuesday. Fisker has been in financial difficulty for months and has already halted the production of its Ocean model, which was launched in 2022.

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