Running a business is never easy, and making money is never guaranteed. The closing of Hybrid Automotive is a good reminder that even good people and good ideas can still run into very tough challenges. At the end of the day, the only way to survive long-term is to keep improving, keep innovating, and keep listening to customers. No product is ever really “finished.” There is always something we can make better, safer, more reliable, or more affordable. And yes, there will always be copycats watching from the sidelines, ready to copy the moment something works. That is just part of the game. The best way forward is to keep building, keep improving, and keep fighting! Jack
Elon should buy them - that way they could sell stock at an IPO for 3 trillion dollars. No need to earn a profit to keep the doors running.
Just to clarify @jacktheripper : this is your business? I'm inferring it, but would be good to clarify.
Jack, you can buy them out. There was good investment into the tech and product. If you see it has value to your business, then consider offering to buy them out or buy their IP and CAD data, and circuit rights. Or even continue their manufacturing contracts. So that you can make it a product for your site. That way all that investments they made doesn't go to waste and still sells as a product. You can make improvements on those products too. But it is a risk though if the demand is very low. You have buying power if they are completely going out of business and need cash.
Their tech is really designed for nimh and for short term fixes. Since failing modules are still failing modules. Today's batteries have built in self balancing. Even though Toyota's are not. Lithium and Sodium seems to prefer to be balanced rather than full charged and then dissipate heat to balance. It's good to have if you need to charge a completely dead hv pack. Which is rare.