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Nikola’s Troubles Reach Tipping Point, Firm Files for Bankruptcy Protection

Troubled EV maker Nikola Corporation has filed for Chapter 11 bankruptcy protection several months after the company revealed that there was a strong likelihood that it would be short on cash in the first half of this year. The Arizona-based firm now wants to sell or auction off its business. How did this promising company descend to this point?

Other EV makers like Kandi Technologies Group Inc. (NASDAQ: KNDI) need to dig in and ensure that the slackening demand for…

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