Phoenix Motors, a promising player in the emerging electric vehicle industry, presents an intriguing examination of financial management and strategic decision-making in the face of unexpected challenges. This case study explores Phoenix’s navigation through a financial crisis, a challenge many new businesses may face.

In the rapidly evolving electric vehicle market, Phoenix Motors had made a name for itself with its cutting-edge technology and eco-friendly designs. However, the company was hit by a severe financial setback when a critical technology partner went bankrupt, leading to a substantial increase in R&D costs….