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Brisbane-based charging company Tritium loses its spark

Brisbane fast-charging company Tritium may be forced to close its Australian factory and move its headquarters overseas after a dramatic fall from a “double unicorn” $2 billion listing on the Nasdaq two years ago to being issued a show-cause notice last week about its underperformance on the American bourse.

While Australian politicians have fallen over themselves to name-drop the technology company – including Prime Minister Anthony Albanese in Washington this week – the hard realities of trying to compete in global capital markets have been driven home in the past 12 months.

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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/brisbane-based-charging-company-tritium-loses-its-spark-20231026-p5efel