Will EV start-up bubble burst?: Investors fear the high share values of many EV start-up firms are poised for a big fall

摘要

On 10 June this year, Nikola, a US start-up specialising in battery-electric and fuel-cell commercial vehicles, briefly became more valuable than Ford after optimistic investors pushed its stock value to $33 billion. It had yet to sell a vehicle, against more than five million sales a year for Ford. It has been an extraordinary year for electric car startups, which have seized on the unprecedented appetite for tech stocks to fund themselves by listing on US exchanges.