Ebusco Experiences Major Order Cancellation, Struggling Amid Production Challenges
Monday, 21 October 2024, 08:00
Ebusco Grapples with Order Cancellation
Ebusco faces a setback with Qbuzz canceling an order for 59 electric buses. This cancellation follows previous challenges, including the seizure of company accounts. Ebusco is contesting this decision through legal channels, and it also strives to resolve account seizures.
Impact on Production and Financials
- Of the 59 buses, 45 are already produced.
- 30 buses are ready for delivery.
- Production is significantly hindered by supply chain disruptions.
- Multiple order cancellations have occurred, including from Connect Bus and Keolis.
Ebusco aims to raise new capital through a claim issue pending shareholder approval. Recent stock market activity indicates a dramatic drop of 18 percent, reflecting the company's ongoing struggles.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.