Electric Last Mile Solutions will file for Chapter 7 bankruptcy. The Michigan-based startup was among the first to go public through a SPAC to raise money and it's the first to fail. Get details at TheDetroitBureau.com.
CEO says he does not want a competitor to determine how his followers experience Fisker as the company grows; Fisker Inc's Twitter page is still live, though.
China s Wanxiang Group earlier this week renewed its scholars program with Muscatine, a city on the western bank of the Mississippi River in the U.S. state of Iowa, with Chinese Ambassador to the United States Qin Gang as a witness.
The renewed program will have a funding of 500,000 dollars, up from the total grant of 300,000 dollars for the program in 2017-2018, which is meant to support more Muscatine students to go to China. ■