Commercial truck manufacturer shuts down, no bankruptcy yet

The electrical conveyance assemblage has faced terrible fiscal distress implicit the past 2 years owed to rising costs from ostentation and precocious involvement rates, which led to respective bankruptcy filings and concern closings.

Fisker Group Inc., which began deliveries of its Ocean battery-electric crossover SUV successful 2023, filed for Chapter 11 bankruptcy connected June 17, 2024, unopen down, and liquidated its assets.

Ideanomics Inc., the genitor institution of different EV shaper Via Motors, connected Dec. 4, 2024, filed for Chapter 11 bankruptcy aft closing down each of its EV manufacturing operations.

Ideanomics sought to merchantability its assets to its secured indebtedness lender Tillou Management & Consulting, which offered a recognition bid to acquisition the company.

Via Motors manufactured a enactment of commercialized EVs that included container trucks, walk-in vans, work trucks, skate trucks, walk-through shuttle buses, and measurement vans.

Nikola Corp.  a pioneer successful the improvement of artillery electrical and hydrogen fuel compartment electrical semi-trucks, filed for Chapter 11 bankruptcy connected Feb. 19, 2025, seeking a merchantability of its assets.

Nikola's callback of each of its BEV trucks astatine the opening of the 3rd 4th of 2023 to regenerate defective artillery packs incurred important expenses and $44 cardinal successful losses, which led to its bankruptcy filing.

And now, commercialized electrical motortruck shaper Bollinger Motors has unopen down operations six months aft emerging from receivership.

Bollinger Motors, which was founded successful 2015, released its B1 SUV prototype for consumers successful 2017 earlier aboriginal launching its commercialized electrical motortruck manufacturing successful Oak Park, Mich., with its Bollinger B4 successful September 2024.

The commercialized electrical motortruck maker's fiscal issues led to it missing 2 payroll periods successful November and ceasing operations connected Nov. 21, the Detroit Free Press reported, according to FreightWaves.

The commercialized motortruck maker's parent, Mullen Automotive, successful June 2025 reached a suit colony with Bollinger Motors laminitis Richard Bollinger, exited receivership, and took 95% ownership successful the electrical motortruck manufacturer.

Brea, Calif.-based Mullen Automotive subsequently changed its firm sanction to Bollinger Innovations.

• Bollinger B1 SUV

• Bollinger B2 Truck

• Bollinger B4 Chassis Cab electrical Class 4 truck

• Bollinger B5 Chassis Cab Class 5 motortruck (planned motorboat successful 2026)

The institution operated manufacturing facilities successful Oak Park, Mich., and Robinsonville, Miss., a retail halfway successful Oceanside, Calif., and an vigor installation successful Fullerton, Calif.