With electric cars becoming more popular, technologically advanced and in demand. Nevertheless, at the moment there is still not so many companies that manufacture such vehicles. And that is reason enough to take this, is not strongly occupied a niche, the light appears a growing number of startups in the field. And in China, at the moment, the most. And in General, things such promising Chinese start-up companies as Nio, Karma Automotive and Byton went pretty well. However, in the beginning of this year, they are faced with very serious problems of a financial nature, after all, a global pandemic coronavirus actually stopped their lives deprived of opportunities to make money.
And it seems that they, just like many other small companies around the world will eventually go bankrupt and completely cease to exist. But as recently it became known, they still remain afloat. The reason for this is that all of them received the largest loans under the government Programme for the protection of the companies seriously affected by COVID-19. To be more precise, Nio, Karma Automotive and Byton received loans in the amount of from 5 to 10 million dollars, according to the Ministry of Finance and the small business administration. Byton was able to get the loan shortly after in April of this year, the company was forced to lay off hundreds of its employees due to lack of funding.
Immediately after this, the leadership of the Chinese startup said that this loan will really help him to save all relevant in today’s 387 jobs with pay. Nevertheless, this funding is not saved Byton from unpleasant consequences, because just last week the startup announced that it terminates at least six months, and dismissed some workers of America. Meanwhile, Nio, not so long ago have received financial assistance in the amount of $ 1 billion from the state investment companies in China, also received extra credit is not named in the amount of from 5 to 10 million dollars from the United States.
It happened in early April. Immediately after receiving this financial assistance, the manufacturer has told the US government that money is the guarantee that all existing 204 jobs in North America headquarters will remain untouched. The same applies to Automotive Karma, which likewise thanked the American government for such assistance, and promised to keep his 463 employees working in American offices. This is extremely strange, but certainly a very good step by the United States of America. Few people would be willing to issue such loans to foreign companies, which also helps and the Chinese government. But in any case at least about 1 000 people in America this will not work in such a difficult period for the world, and it’s great.
According to the materials: fainaidea.com