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Australian EV charging company Tritium is facing financial collapse, with its directors declaring insolvency and putting the company into receivership. Tritium first gained notoriety in the US in 2022 with the opening of an EV charger manufacturing facility in Lebanon , Tennessee, creating 500 jobs in the state.
Relatively inexpensive EVs from China’s BYD , Great Wall and Nio are eating into the market shares of U.S. A merger could result in a behemoth worth about $55 billion based on the market capitalization of all three automakers. they’re solid vehicles, Fiorani said. and Japanese car companies in China and elsewhere.
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