Thread: Failed EV companies growing

I see Ubco (2 wheeler electric bike) and now Aquabike have gone into receivership. Millions down the gurgler. A bunch of owners with no recourse for parts, spare batteries etc.

Certainly makes a strong case for staying with ICE engines in dirt bikes and outboards for a while yet.

https://www.nzherald.co.nz/business/...P3PXKSGW4XR5A/

https://www.nzherald.co.nz/business/...ims/RNAZEOCXRF

its the end of lotus and jaguar if they continue with electric fantasy vehicles.

The Chinese are going to dump a shitload of them into the market when Donald slaps 20% or more onto them, all left hookers too.

the chinese are boosting figure like crazy while stockpiling unused cars

Damn that's a shame.
I was going to buy...........
Nah wasn't really.

Originally Posted by gonetropo

the chinese are boosting figure like crazy while stockpiling unused cars

They are pushing sealed lead acid powered scooters now due to the issues with lithium batteries...

Originally Posted by XR500

I see Ubco (2 wheeler electric bike) and now Aquabike have gone into receivership. Millions down the gurgler. A bunch of owners with no recourse for parts, spare batteries etc.

Certainly makes a strong case for staying with ICE engines in dirt bikes and outboards for a while yet.

https://www.nzherald.co.nz/business/...P3PXKSGW4XR5A/

https://www.nzherald.co.nz/business/...ims/RNAZEOCXRF

UBCO will re-appear under a new structure/umbrella. Betcha.

Sounds like they will be supplying parts etc out of one of the parent companies, from the articles I read on it it would seem a foreign investor might have pulled back. From the orders they were talking about it didn't seem like the company was not viable, so it is a bit of a shame that this has happened.

But to be fair it isn't just happening in EV companies, the solar outfit that just got shut down with the investment company retrenching is another example.

Yeah. Shame.

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”

― Theodore Roosevelt