E-car maker e.Go Mobile is bankrupt: insolvency proceedings opened

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Due to the corona crisis, the operation of the Aachen-based e-car manufacturer e.Go Mobile was shut down for weeks. The carmaker is therefore in a bankruptcy procedure on its own – the production is now suspended again.

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The crisis-ridden Aachen electric car manufacturer e.Go Mobile is now in self-administration in an insolvency procedure. The district court of Aachen opened the proceedings and named the previous board and two lawyers as operational managers, as the company announced on Thursday.

At the beginning of April, e.Go had already applied for a protective shield procedure to save the company. Paul Fink from the FRH law firm as general representative and Biner Bähr from the White & Case law firm as administrator will continue to be responsible for the process with the board of directors.

Many employees in short-time work

For the month of July, the carmaker announced that it would suspend production and further developments. At the height of the Corona crisis, the tapes at e.Go had stood still for weeks. Short-time work has now been registered for affected employees – according to a spokeswoman, this affects 80 percent of the workforce and thus about 340 employees.

According to the communication, e.Go emphasized that it would continue to negotiate with potential national and international investors. “We are therefore confident that we will find a good solution with a little more time,” said e.Go founder Günther Schuh.

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