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.
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