Why E-Bus Builder Proterra Went Bankrupt

12 Aug 2023 | Abstracted from Semafor

"...move blamed on new product lines failing to overcome the high costs of e-bus manufacturing...Proterra's demise points to another issue: Even with unprecedented levels of government support and customer interest, some sectors cannot compete against top manufacturers in China.

"The company reported a loss of $250 million in the first quarter of this year, five times more than in the same quarter last year..."

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