Battery factory files for bankruptcy on Wednesday. Oregon-based companies say owes more than $ 300 million.
Filing Chapter 11 will allow the company to continue operation when it is compiling the debt.
Battery slid-scalling powin using phosphate cell litium (LFP) from China. PJININ is looking for domestic domestic suppliers, but The inventory chain is not matureJeff Waters, former CEOs, tell Bloomberg in April.
The company was mounted almost 250 employees in this month, and only 85 remains, less than the fifth of what was beginning. Along with bankrupt, waters are replaced by Brian Krane, PJINI project officers.
PININ is the survival of the first technology boom for the past decade. The company is taken to private In 2018and received $ 135 million In the Exture growth in 2022 from investors including energy influences, energy partners trials. Latest, safe $ 200 million a fixed credit facility of kkr.
In recent years, PININ has grown boom in the scale battery battery stock ranked third In the US in terms of the installed capacity and four times the world. The company does not say what is a loan loan, even if it provides an equipment in the LFP Chinese cell, rates may play roll.
