Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.
July 26, 2021electric vehicle News Updates
Lordstown May Raise Millions From Investment Fund
EV Startup Lucid鈥檚 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鈥檚 struggling to win their approval.
July 22, 2021Indiana Gives Utilities $5.5 Million to Build EV Charging Network
If you build it, they will come. At least that鈥檚 what the state of Indiana and its utilities are hoping for when it comes to charging stations and electric vehicles.
July 19, 2021Electrify America to Double EV Charging Stations by 2025
SILVER SPRING, Md. 鈥 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.
July 13, 2021EU 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.
July 2, 2021XL 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.
June 23, 2021Ford 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.
June 17, 2021Sen. Manchin Cites 鈥楪rave Concerns鈥 About US 鈥楪oing to the EV鈥
WASHINGTON 鈥 U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed 鈥済rave concerns鈥 June 15 about the Biden administration鈥檚 drive to boost adoption of electric vehicles.
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