Electric Last Mile
Assembly Line
EV maker Electric Last Mile Solutions files for bankruptcy
U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) (ELMS.O) said on Sunday it is planning to file for Chapter 7 bankruptcy, after a review of its products and commercialization plans. The move comes after the Troy, Michigan-based company disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its previously issued business outlook in March.