Why did Dongguan Mike Technology go bankrupt?

The reason why the company closed down was the pressure of funds.

1, the financing process of Dongguan Mike Technology has reached round B, and the amount of financing is large, which leads to greater financial pressure on the company.

2. The product types of Dongguan Mike Technology have expanded from the initial nickel-cadmium battery to a series of product systems such as nickel-hydrogen, nickel-cadmium, liquid lithium-ion batteries, polymer lithium-ion batteries, chargers, etc., which has also caused the company to face greater financial pressure.

3. Dongguan Mike Technology has a large number of employees, which also leads to great financial pressure of the company.

4. The products of Dongguan Mike Technology are mainly sold abroad, which is greatly influenced by the international environment, and also leads to a greater financial pressure on the company.