Energy storage manufacturers go bankrupt

What happened to Ambri bankruptcy?

Ambri had entered Chapter 11 bankruptcy protection with the US Bankruptcy Court for the District of Delaware in early May. It said at the time that an agreement for lenders to buy up assets was already in place.

Did hiphi go bankrupt?

Despite significant investment and potential, these companies had high hopes—but eventually filed for bankruptcy. On August 9, 2024, we reported on the declared bankruptcy of China-based luxury EV maker HiPhi, which faces an uncertain future as its parent company, Human Horizons, enters a pre-reorganization phase after filing for bankruptcy.

Does Northvolt restructure its debt?

The company’s flagship battery gigafactory in Sweden, Northvolt Ett. Image: Northvolt. European battery company Northvolt has filed for Chapter 11 ‘reorganisation’ bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the business.

What challenges do eV and battery companies face?

A primary challenge faced by EV and battery companies is the capital-intensive nature of the industry. Developing, producing, and distributing EVs and batteries requires significant upfront investment in research and development, manufacturing infrastructure, and supply chain establishment.

What happened to cuberg & Lyten energy?

In August, it closed a US project aimed at manufacturing high-performance lithium metal cells, via subsidiary Cuberg, and that site in California was recently acquired by lithium-sulfur battery startup Lyten Energy.