REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter.
February 3, 2021Search
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Battery Maker Microvast Agrees to Merger With Tuscan SPAC
Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion.
February 1, 2021GM Sets Goal of Going Largely Electric by 2035
General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.
January 28, 2021Nikola Backer Luxor Invests in European Electric Truck Startup
Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.
January 27, 2021Navistar, GM Cooperate on Fuel Cell System for Class 8 in 2024
Navistar Inc. announced it intends to produce a zero-emission longhaul truck using fuel cell systems supplied by General Motors and will have an International RH Series FCEV model commercially available in 2024.
January 27, 2021U.S. Xpress Latest to Invest in TuSimple
U.S. Xpress Enterprises Inc. announced it made a “significant” investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board.
January 26, 2021EV Charging Firm FreeWire Closes $50 Million Funding Round
FreeWire Technologies Inc., an electric vehicle charging and power startup, has raised $50 million in a Series C funding round.
January 26, 2021DTNA, SoCal Edison, Schneider Cooperate on Electric Truck Expansion
Daimler Trucks North America announced Southern California Edison, the primary electricity supply company for much of Southern California, used a Freightliner eCascadia from DTNA to deliver an electrical transformer to a Schneider terminal in Los Angeles.
January 25, 2021SPAC Boom Propels EV Makers to Public Markets
Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.
January 22, 2021Lightning eMotors Expands Manufacturing Footprint
Lightning eMotors, a provider of electric powertrains for a range of commercial vehicles, announced it is adding 107,000 square feet to the footprint of its headquarters in Loveland, Colo.
January 22, 2021