Atramentous@lemm.eetoWorld News@lemmy.world•Chinese EV startup WM Motor files for bankruptcyEnglish
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1 year agoI have a sneaking suspicion that there are more than a few Chinese EV companies with flimsy finances or finances that are propped up by the state. The growth of the Chinese auto industry just stinks of artificial growth through government patronage to me.
Overall seems like a pretty balanced board. Al Shafei and Bezuidenhout have backgrounds aligned with the type of Mastodon I want to see. The lawyer guy dabbles in crypto law, but also did tons of pro bono work for Mastodon. Seems to me like he’s just passionate about emerging tech. Biz Stone is also an interesting inclusion. He’s obviously well connected to the VC space but has been pretty critical of Elon Twitter.