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Old 23rd Nov 2022, 05:29
  #640 (permalink)  
Bell_ringer
 
Join Date: Jun 2016
Location: Brantisvogan
Posts: 1,033
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His funding model has a flaw, it requires them to meet deadlines. If he can't, then Hill can't convert deposits into subsequent payments and has to keep loading the pipe with pre-orders. You have to wonder what governance is in place, at some point you have no hope of delivering pre-orders in any reasonable timeframe.
What happens if planning permission doesn't pass and that long battle starts - what is plan B? How long will that take?
Can they move assembly offshore?
This assumes no other technical delays, or hard lessons being learned in the process - something no other manufacturer manages to avoid.
Costs must have increased, it has affected every industry, the cash can't be lasting as long as originally expected.
Would love to see their cashflow.
Some of the newer, better funded, EV manufacturers have developed a good product. What they have struggled with is setting up efficient manufacturing.
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