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Home Technology

Why Fisker failed  | TechCrunch

20 June 2024
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Why Fisker failed  | TechCrunch
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Fisker failed due to several factors, including the high production costs of its luxury electric vehicles and the bankruptcy of its battery supplier, A123 Systems. Additionally, the company faced stiff competition from other electric car manufacturers like Tesla. Despite receiving a $529 million loan from the US Department of Energy, Fisker was unable to overcome these challenges and ultimately declared bankruptcy in 2013.

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