News bankruptcy proceedings: electric car manufacturer Ego stops production

14:00  02 july  2020
14:00  02 july  2020 Source:   t3n.de

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Insolvenzverfahren: Elektroautobauer Ego stoppt Produktion © Ego Mobile bankruptcy proceedings: electric car manufacturer Ego stops production

The corona crisis also hit the German car manufacturer Ego hard. The result is insolvency proceedings for the Aachen company.

The financial difficulties of the German electric car manufacturer Ego are so great that insolvency proceedings have now been initiated. Already at the beginning of April , the company declared its impending insolvency and applied for a protective shield procedure under insolvency law.

On July 1, the district court in Aachen opened a self-administered bankruptcy procedure on the assets of the electric car manufacturer. In the course of this, Ego will shut down production and all other development activities in July. All employees go on short-time work for the time being. According to the company , the sale of the models that have already been produced and test drives are not affected. CEO remains confident

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But this does not necessarily mean the end. Ego continues to see itself as an attractive company with a positive future forecast. This is also confirmed by CEO Günther Schuh, who continues to negotiate with potential investors: “In the past few months we have had many promising discussions with both national and international investors. We are therefore confident that we will find a good solution with a little more time. ”

's flagship for the Aachen startup is the small Stromer

Ego Life . After an price adjustment, the electric car costs 17,900 euros due to the environmental bonus and has a range of 104 kilometers in its basic version. "Interest in Ego Life is still very high," says Schuh. "We continue to work with full commitment to help shape the mobility of the future."

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Ego's prospects are therefore better than that of the e-car startup Byton, which recently ceased operation of

for the next six months and, according to experts from the consequences of the corona crisis will probably not recover.

For further reading:

IEA report: Sale of electric cars remains stable despite corona crisis

Promotion of electric cars: What car buyers need to know about the environmental bonus

The 10 best-selling electric cars in Germany

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