What are EV startups doing to ride out weak demand?

Fisker filed for bankruptcy protection last week, the latest electric-vehicle startup to succumb to fundraising difficulties, slow sales, as well as supply chain and distribution challenges.

Demand has been weak for Fisker’s flagship Ocean electric SUV. The company cut jobs and paused investments to slow cash burn, partnered with dealerships to boost sales and desperately sought an investment from a major automaker to stay alive. None of that worked.

Other US EV startups are lowering manufacturing costs...