Distant Followup - Brit EV Batt Company NyoVolt About Bankrupt

[[e-mail]]

https://www.euronews.com/business/2025/01/06/british-ev-battery-producer-warns-it-could-run-out-of-cash-in-months

Nyobolt, a British electric vehicle (EV) battery manufacturer
has revealed that it could deplete its cash resources by the
end of the first quarter, unless new funding is obtained.

The company spun out of the University of Cambridge's
chemistry department in 2016. It focuses on ultra-fast EV
charging technology, with the Nyobolt Xtreme charging an
EV in 1-5 minutes. Its second solution, the Nyobolt Ultra,
takes 6-10 minutes to charge an EV.

In mid-2024, the company also launched its own EV sportscar
prototype, which is being used to test its charging technology
on real road conditions. With a 155 mile range, this prototype
can go from 10% to 80% charge in five minutes. This was an
attempt to allay new EV owners’ concerns about range, as
well as charging times.

However, Nyobolt has now hit turbulent times, having already
spent approximately £50m (€60.30m) worth of investor funds
in the last two years. Nyobolt completed funding rounds
in 2021 and 2022.

. . .

I posted some time ago about NyoVolt's fast-charge tech.
Some wondered if that was enough. Apparently NOT.

Not entirely sure how much more you have to pay for
a NyoVolt battery pack ...

I've been getting the impression that many Brits would
rather go back to ox-carts than blow a wad on those
crappy EVs.

A number of major EU automakers are also struggling
now. In part it's due to China, but again it's
because nobody wants their EVs. Expect some MAJOR
corporate policy changes Real Soon Now, dumping
their "EVs Only" pledges. The rapid shift to the
political 'right' will speed this along.

[Siri Cruise]

Post by ***@ud0s4.net
In mid-2024, the company also launched its own EV sportscar
prototype, which is being used to test its charging technology
  I posted some time ago about NyoVolt's fast-charge tech.
  Some wondered if that was enough. Apparently NOT.

Or maybe it is poorly designed car.

What happens in real world business is people outside the company
will look at their batteries. If the batteries are good, they
might be sold to someone else.