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Published 2 years ago

Burning cash, commercial EV startups race to deliver vehicles

Summary by Ground News
A handful of commercial electric vehicle startups are burning through cash fast. Investors have soured on EV startups and their ability to compete with legacy carmakers. This has raised the pressure to produce working vehicles fast if they want to raise fresh funds in an industry where launching a single vehicle can cost $1 billion.

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Burning cash, commercial EV startups race to deliver vehicles

Commercial electric vehicle startups are racing to deliver vehicles before their cash dries up and before legacy OEMs ramp up production.

2 years ago
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