Hyped EV startups are struggling to release a single car

The auto industry’s shift to electric cars was bound to bring a flood of new entrants. Startups such as Rivian, Lucid Motors, and Arrival have made their debut with impressive EVs, but they’re facing a very practical problem: actually making them. In an intriguing piece, Financial Times’ Peter Campbell details how nascent EV makers emerged and what risks they’re currently facing. The openness of the EV space, the lower barriers to entry compared to the ICE market, the ease of reverse takeovers (ROT), and Tesla’s success, all led investors to drop the dollar on EV startups — even in companies…This story continues at The Next Web https://thenextweb.com/news/hyped-ev-startups-struggling-to-release-a-single-car