EV Startup Lucid’s SPAC Deal in Jeopardy
The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval.
Indiana Gives Utilities $5.5 Million to Build EV Charging Network
If you build it, they will come. At least that’s what the state of Indiana and its utilities are hoping for when it comes to charging stations and electric vehicles.
Electrify America to Double EV Charging Stations by 2025
SILVER SPRING, Md. — Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, said it plans to more than double its number of charging stations throughout the United States and Canada.
EU Plans Phaseout of Combustion Engine Era
The European Union is set to propose a switch to zero-emission vehicles and boost its renewable energy target in an unprecedented push to align its economy with more ambitious climate targets.
July 9, 2021Tesla Delivers Record 201,250 Cars in Second Quarter
Tesla Inc. delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by CEO Elon Musk.
XL Fleet Added to Russell 3000, 2000 Indexes
XL Fleet Corp., a provider of hybrid electrification solutions for Classes 2-6 commercial and municipal vehicles, announced it has been added to the Russell 3000 Index and the U.S. Small Cap Russell 2000 Index effective June 28.
June 28, 2021Proterra Eyes US Battery-Cell Facility Within Next Few Years
Proterra Inc., the electric-bus and battery maker that joined the Nasdaq Global Select Market, is planning a domestic battery-cell manufacturing facility within the next few years.
Ford Acquires Battery-Management Startup to Charge EV Fleets
Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.
Sen. Manchin Cites ‘Grave Concerns’ About US ‘Going to the EV’
WASHINGTON — U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed “grave concerns” June 15 about the Biden administration’s drive to boost adoption of electric vehicles.
Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand
Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.