EV Maker Zerosports Is Dead

Bertel Schmitt
by Bertel Schmitt

Remember when we reported, two weeks ago, that Tesla-partner Panasonic is betting big on the laptop battery idea, with the first batch of batteries going to Japanese start-up Zerosports? Well, they won’t. Zerosports is dead.

ev maker zerosports is dead

As a reminder of the fickleness of any business based solely on EVs, Zerosports announced today that it will file for voluntary bankruptcy, The Nikkei [sub] reports.

The reason: Zerosport’s biggest customer, Japan Post Service Co., canceled its order for 1,030 EVs, worth about 3.5 billion yen ($42.7 million). Zerosports has liabilities of about 1.1 billion yen ($13.4 million).

Th order was withdrawn because of possible delivery delays. Japan Post Service still intends to deploy EVs. Probably from a more established vendor.

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  • Blowfish Blowfish on Mar 02, 2011

    i suppose the Nippon Post office didnt kybosh the orders, it would have floated their boat. now no dice thats all.

  • West-coaster West-coaster on Mar 02, 2011

    I'm thinking that TTAC (and others) should probably save that headline. Might not be too long before you can paste in "Coda" and reuse it.