EV Mania Propels Record Legacy Automaker Gains in 2021
Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.
GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility
All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.
Spending on Global Energy Transition Hits Record $500 Billion
The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.
Rivian Reportedly Reaches $27.6 Billion Value on New Funds
Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.
Hunt for the Next Tesla Fuels Wave of EV Deals
Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.
January 12, 2021GM Announces New Electric Delivery Van, Electric Pallet
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.
Daimler Trucks-Backed Proterra to Go Public Through ArcLight SPAC
Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp.
Lucid Motors Reportedly in Talks to Go Public
Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.
January 11, 2021GM Changes Corporate Logo to Plug Its EV Strategy
General Motors Co. is changing its corporate logo for the first time in 56 years, giving it a new lowercase script that is designed to look more modern.
New Geotab Division Helps Utilities Support EV Adoption
Fleet management solutions provider Geotab unveiled a service Jan. 7 focused on helping utilities support electric vehicle adoption.