Tritium: Electric vehicle company praised by Anthony Albanese as a ‘great success’ COLLAPSES into administration [Video]

03:05 EDT 19 Apr 2024, updated 03:18 EDT 19 Apr 2024

An electric vehicle charging station company has gone into administration just a year after Anthony Albanese praised it as a ‘great success story’.

Tritium DCFC and its Australian subsidiaries went into administration on Thursday – a year and two weeks after the Prime Minister toured its Brisbane premises and hailed it as the future.

The Australian company is also listed on the American Nasdaq technology exchange and operates in 42 countries.

‘This is my third visit to Tritium. Every time I come back, I hear about more revenue, more jobs being created, and more countries where Australia is exporting to,’ Mr Albanese said in March 2023.

‘This is a great success story here and I congratulate everyone at Tritium for their achievements.’

But Tritium is now in trouble with KPMG’s Peter Gothard, James Dampney and William Colwell appointed as administrators of Tritium DCFC and its subsidiaries Tritium Holdings, Tritium and …