I don’t think it matters for Kempower or any other investment story which cars I have driven or not, but I can answer that I haven’t driven a Stellantis electric car. The main point of the news is that electric cars are, at least according to their view, becoming common more slowly overall than they previously estimated. So this is a view related to the whole industry.
Of course, if you want, you can read this as them being unable to compete in a rapidly growing market, so they just claim that the slow growth was a surprise. They decide to exit the competition and settle for their business ending in the coming years due to low demand.
According to this article, only 7.7% of new cars in the US were fully electric last year. To me, that sounds quite low, and I admit I don’t follow that market much. This figure certainly includes Teslas and these Korean brands as well.
“It would be a bit like saying that fast chargers aren’t becoming common as fast as one might think because Tritium went bankrupt.”
I’m not that familiar with the background, but it could partly be that way too. Of course, not everyone can succeed in the competition. Did they complain about the slow growth of the industry, or were there more problems with the product itself or their financing?