German electric car company e.GO Mobile announces cessation of business operations

German electric car company e.GO Mobile recently announced that it would officially cease business operations, marking the closure of another new car-making force. The company was founded in 2015 and was once a model of Germany's automotive industry 4.0. Its founder Günther Schuh was hailed as a pioneer of German electric vehicles. e.GO Mobile once launched a competitive and affordable micro electric car, the e.Go Life, but it gradually came to an end amid market competition and financing difficulties.