An electric van is loaded onto a truck outside the Electric Last Mile Solutions facility in Mishawaka, Indiana, on Sept. 28, 2021. Taylor Glascock/Bloomberg via Getty Images
Electric Last Mile Solutions plans to liquidate about a year after a SPAC deal tagged the electric vehicle startup with a $1.4 billion valuation.Upstart EV companies face questions over their ability to compete with established automakers, which have long track records of vehicle development, supply chain expertise and manufacturing knowhow.
Source: Energy Industry News (energyindustrynews.net)
AxiosPro Flashback: Obama stimulus into solar panels companies all wasted moneys (hundreds of billions) all Obama donors.
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