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13 Mar
14:19

e.Go files for insolvency, puts Bulgarian EV plant in jeopardy

German electric vehicle company Next e.GO Mobile SE (e.GO), which had plans to build an EV factory in Bulgaria, said Wednesday that its parent company Next.e.GO NV’s Nasdaq listing is at risk. e.GO applied to the opening of insolvency proceedings with the district court of Aachen earlier this month, Kallanish notes. “We and other of our affiliates will likely initiate insolvency proceedings in the short term, which may cause our ordinary shares to dec…
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