American EV Startup “Fisker” Files for Bankruptcy as Chinese EVs Take Over the World

Andrew Anglin June 19, 2024

“Competitive American company” is now an oxymoron.

In the 1990s, the Americans moved all manufacturing to China with full understanding that public and private Chinese entities would have total access to the factories to just copy whatever was being produced.

Why would China not simply start making their own products, while having the huge competitive advantages of being the base of global manufacturing and having access to the patented designs of everyone’s products?

How is it a surprise that we are now witnessing a machine gun maneuver by the Chinese to dominate all of these various markets?

Now, the only way the globalist West can protect itself from the globalism that it designed is through… protectionism.

Reuters:

Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs.

The hyper-competitive EV market has seen several companies, including Proterra, Lordstown and Electric Last Mile Solutions, file for bankruptcy in the past two years as they grappled with weakening demand, fundraising hurdles and operational challenges from global supply chain issues.

The company, founded by automotive designer Henrik Fisker, flagged doubts about its ability to remain in business in February and later failed to secure an investment from a big automaker, forcing it to rein in operations.

The collapse of its talks with the automaker – which Reuters had reported to be Nissan – meant that it was denied $350 million in funding from an unnamed investor that was contingent on the automaker’s investment and forced Fisker to explore options.

“Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” Fisker said.

The problem might not have been entirely due to Chinese competition. They probably should have come up with a better name for their car company.

If someone asked me “sir, would you be interested in test driving a Fisker?” I would have to immediately respond with “Fisker? I barely touched her!”

I get that this is some serious Benny Hill type vulgarity, but I would be physically incapable of not making the joke. If you worked for this company, by the 4th or 5th time someone made this joke, you would start crying. By the 11th time, you would start considering suicide.

Regardless, the rapidity of this Chinese takeover is remarkable.


Everyone in the West seems to be in a state of shock, not really processing what is happening.

This is what happened when Emperor Xi ascended to the throne and did a full purge. The West was totally not able to grasp the gravity of the situation.

One thing is clear: they designed this globalist system, and it was not at all designed for protectionism.

Here’s the deal: Sino-Futurism is real and it’s already here and people simply haven’t acknowledged it yet.

China is not simply overtaking EVs, they are overtaking in every field of consumer electronics, and it’s effectively scorched earth – to the point where the “American” Treasury Secretary went to China and said they were “overproducing” and “exporting too much,” and vaguely tried to claim this would somehow… be bad for their economy? It was probably some kind of weird threat, I assume, but no one had ever heard of this concept before.

“You are so successful that it could lead to failure.”

It would have made more sense to literally do the mafia “would be a shame if something happened to it” meme, as it wouldn’t be so weird.

The Emperor is on track to fixing the Chinese housing crisis, and at that point, all bets are off in terms of what happens next.

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