Miles Electric Vehicle’s ZX40S

Miles Electric Vehicles has filed for chapter 11 bankruptcy. The company listed assets estimated between $10 million to $50 million and liabilities estimated between $50 million and $100 million. Established in 2004, Miles produces four LSVs including the ZX40, ZX40S, ZX40S Advanced Design and ZX40ST electric truck. The vehicles are manufactured in China. The main market for the company has been commercial, government and university fleets. Learn more:  Inautonews.com