Tritium, an Australian high-speed EV-charging equipment manufacturer with a large-scale factory in Tennessee, notified regulators on Thursday that it was insolvent, casting uncertainty over whether it can continue to fulfill remaining orders for chargers or service those that its customers have already installed.
In a Thursday filing with the U.S. Securities and Exchange Commission, Tritium DCFC Ltd., a publicly traded company on the Nasdaq stock exchange, announced that it and three subsidiary companies “were insolvent or likely to become insolvent,” and proposed placing control of the company under administrators working for accounting firm KPMG under Australian law.
McGrathNicol, an Australia-based firm specializing in…
