Fox E-mobility AG's Swiss Subsidiary Granted Final Reprieve

The Swiss subsidiary of Fox E-mobility AG has received an extension of creditor protection until March 14, 2025. This decision, made by the Cantonal Court of Appenzell Ausserrhoden, follows a complex hearing. The court believes there is still potential for a successful resolution.

However, the continuation of proceedings beyond mid-March is contingent upon the group securing at least CHF 350,000 by March 6, 2025. If this financial target is not met, the company could face insolvency. This announcement underscores the critical financial situation facing Fox E-mobility AG's Swiss operations.