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Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.

Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.

Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.

President Joe Biden’s proposed incentives for U.S. electric-car buyers could be challenged under the North American trade pact, a Canadian auto industry leader warned.

Ford Motor Co., charging forward with big investments in electric vehicles, reported third-quarter results that beat analysts’ expectations as chip shortages eased and sales grew.

Hertz Global Holdings Inc., fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply Uber drivers with electric vehicles and signed up Carvana Co. to dispose of rental cars it no longer wants.

General Motors Co. will use its dealership network to deploy up to 40,000 electric vehicle chargers across the U.S. and Canada, as the veteran automaker ramps up its shift to plug-in models.

Tesla Inc. shares are staging a comeback as investors expect the Elon Musk-led electric carmaker to navigate the crippling semiconductor shortage better than rivals that have been severely disrupted.

TAIPEI, Taiwan — The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Oct. 18 to produce electric cars for auto brands under a similar contract model.

Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.