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Ascend Elements Files for Bankruptcy After Grant Cancellation

Primul articol: 10 apr. 2026, 22:16 | Ultima actualizare: 10 apr. 2026, 22:16 | 1 sursa | 1 articol
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Ascend Elements, a battery recycling company, has filed for bankruptcy. This follows the cancellation of a $316 million grant. The company, which had attracted $900 million in investments, is located in the US, with operations in Kentucky and other locations. The bankruptcy filing highlights the challenges faced by companies in the EV battery supply chain, especially amid fluctuating EV sales.

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TechCrunch English Tim De Chant 10 apr. 2026, 22:16 (acum 2 ore)

Battery recycler Ascend Elements files for bankruptcy

Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.

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