That sounds a lot like Lordstown, which collapsed incredibly soon after beginning production. Part of the issue was that their target audience (fleets with basic work trucks) isn’t so fond of relying on a small, unestablished startup.
Lordstown Motors got done in partially by its own management, partially by a short seller screwing them over. It had little to do with fleet customers.
That sounds a lot like Lordstown, which collapsed incredibly soon after beginning production. Part of the issue was that their target audience (fleets with basic work trucks) isn’t so fond of relying on a small, unestablished startup.
Lordstown Motors got done in partially by its own management, partially by a short seller screwing them over. It had little to do with fleet customers.