Netherlands-based EVBox Group has announced plans to list on the New York Stock Exchange through a merger with investment firm TPG Pace Beneficial Finance, with a listing expected towards the end of the first quarter of 2021.
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Sono Motors has announced its intention to present the new prototype generation of the Sion at CES in January 2021. According to a media report, that might soon not be Sono Motors' only connection to the U.S.: the Munich-based startup is reportedly aiming for the U.S. stock market.
Tesla has announced a capital increase of another five billion U.S. dollars. This is already the second capital increase within three months: Tesla had already announced at the beginning of September that it intended to raise up to five billion dollars through the sale of further share certificates.
Production of the Model S and Model X in Fremont will be halted for just under three weeks, fueling speculation that both models could be getting a refresh. Meanwhile, Tesla has now signed up for production of the performance version of the Model 3 there, according to reports from China.
Amazon plans to procure up to 2,500 all-electric Lion 6 and Lion 8 trucks from Canadian manufacturer Lion Electric by 2025, news of a framework agreement with Amazon signed back in July 2020 hidden in a lengthy stock market announcement.
PSA and FCA have now completed their merger, paving the way for the creation of Stellantis. The new group's ordinary shares will start trading on Euronext in Paris and Mercato Telematico Azionario in Milan on January 18, and on the New York Stock Exchange on January 19, both under the symbol "STLA".
Electric car maker Lucid Motors is currently in talks to go public through a merger with an investment firm, according to a media report, and if a deal is struck, it could be worth around $15 billion.
Proterra, the U.S. manufacturer of electric buses, powertrains, batteries and charging systems, has announced its initial public offering through a merger with investment firm ArcLight Clean Transportation. Backers in the deal include existing investor Daimler Trucks.
Chinese electric manufacturers BYD and Nio have raised fresh money, with BYD raising around $3.9 billion through the sale of new shares and Nio successfully placing two bonds for a total of $1.5 billion.
Evergrande New Energy Vehicle, the e-car offshoot of China's Evergrande Group, has raised the equivalent of around $3.35 billion in additional capital by selling more shares to six China-based investors.
Faraday Future has found a partner for its long-announced IPO. After merging with investment firm Property Solutions Acquisition, the new Faraday Future Inc. will trade on Nasdaq under the ticker symbol "FFIE." The company has also entered into a master agreement with Geely.
The Daimler Group has announced plans to split up, with Daimler Truck AG to be floated on the stock market as an independent company and the passenger car division, soon to be renamed Mercedes-Benz, to focus on electric drives and vehicle software.
Israeli eMobility startup Ree Automotive is also moving to the U.S. Nasdaq exchange, once again using a merger with an investment firm, in this case 10X Capital Venture Acquisition Corporation. The deal is expected to bring Ree around $500 million.
Hyzon Motors, a U.S. developer of fuel cell commercial vehicles, announces a merger with Nasdaq-listed Decarbonization Plus Acquisition Corporation, another merger that, as of late, is about going public in a hurry.
Electric car startup Rivian, which is backed by Amazon and Ford among others, is looking for European locations for a new plant, according to informed sources, with Germany, the UK and Hungary among those under discussion.
Rumors from January have been confirmed: electric car startup Lucid Motors has announced plans to go public via merger, with Lucid merging with publicly traded investment firm Churchill Capital IV (CCIV) to that end.
Short-seller Hindenburg Research has now taken aim at the next up-and-coming electric car maker after Nikola Motor and Kandi: this time it's startup Lordstown Motors, which is being hit with serious allegations.
Evergrande New Energy Vehicle, the e-car offshoot of China's Evergrande Group, is already worth $87 billion on the stock market, valuing it higher than Ford or GM, yet the company has ambitious plans and announced several models, but has yet to sell a single car. carscoops.com
Next.e.GO Mobile has resumed production of the Life e-small car in Aachen, Germany, after the manufacturer began selling the special edition e.GO Life Next in Germany in June. 500 cars are expected to be completed by the end of the year - some with a new charger.
Xpeng Motors registered sales of 6,565 electric cars in June, up 617 percent from June 2020. What's more, the Chinese electric carmaker is now officially listed on the Hong Kong Stock Exchange, following its stock market debut in the US last year.
Volvo Cars has announced the acquisition of more shares in electric car brand Polestar, bringing the carmaker's stake back up to 49.5 percent. Meanwhile, a media report says that Polestar is currently negotiating an IPO via SPAC.
The Californian electric car manufacturer Lucid Motors is now listed on the stock exchange. The company has merged with the listed investment company Churchill Capital IV (CCIV) for this purpose. The share price rose significantly on the first day of trading.
Dutch charging infrastructure operator Allego has announced its IPO, with plans to list on the New York Stock Exchange from the fourth quarter of 2021 via a merger with Spartan Acquisition Corp. An automaker is also getting in on the action.
Chinese electric car maker Aiways is considering an initial public offering in the U.S. later this year that could raise $300 million for the company, but many details are not yet known.
Electric car maker Rivian says it has filed its documents with the U.S. Securities and Exchange Commission for an initial public offering (IPO). According to the filing, Rivian wants to do the IPO on its own and not merge with an exchange shell, as many other eMobility companies have done.
Having unveiled an 800 V inverter just six months ago, Vitesco Technologies is now preparing to launch production of 800 volt electric motor technology in China, which is scheduled to start in 2023.
Chinese carmaker Geely plans to float its Swedish passenger car subsidiary Volvo Cars on the Stockholm stock exchange later this year. New shares are expected to raise gross proceeds of around 25 billion Swedish kronor (2.5 billion euros), and Geely intends to remain the largest shareholder.
BYD plans to raise the equivalent of about 1.53 billion euros in fresh capital by issuing 50 million new shares on the Hong Kong Stock Exchange. Meanwhile, the group is expanding sales of its Han electric sedan to a number of countries in Latin America and the Caribbean.
Sono Motors plans to offer 10 million shares of common stock in its planned U.S. initial public offering. The placement price per share is expected to be between $14 and $16, according to the company. Sono has filed to list its common stock under the symbol "SEV."
US electric car manufacturer Rivian is now completing its announced US IPO, placing 153 million shares on Wall Street at $78 each. Rivian will be listed on the Nasdaq Global Select Market with immediate effect under the ticker symbol RIVN.
Yesterday's stock market debut of the Munich-based solar car developer Sono Motors got off to a successful start. The shares issued on the US technology exchange Nasdaq at a price of 15 US dollars each closed at 38.20 dollars on the first day of trading. Sono Motors thus currently has a market value of around 2.6 billion dollars.
According to financial circles, the Aachen-based e-car manufacturer Next.e.GO Mobile is planning a stock market listing in the first half of 2022. It is not yet clear how the IPO will proceed: Allegedly, both a normal IPO and a so-called SPAC deal are being considered.
Volkswagen wants to take Porsche public. Rumors that have been circulating for some time have now been officially confirmed by Porsche SE for the first time. Volkswagen could use the proceeds of an IPO of Porsche to finance the development of new electric models, among other things.
Geely brand Lotus is looking to float its technology division Lotus Technology on the stock market in the next 12 to 24 months to raise capital for its electric offensive. Whether the IPO will be completed in Asia, London or New York has not yet been decided - nor has the nature of the IPO.
The U.S. Securities and Exchange Commission is investigating whether stock sales by Elon Musk and his brother Kimbal Musk "violated insider trading rules" because Kimbal Musk had sold $108 million worth of Tesla stock - exactly one day before Elon Musk reportedly let Twitter users vote on whether he should give up 10 percent of his stake in Tesla.
E-truck maker Nikola is apparently looking to issue 200 million shares of common stock and raise $1.5 billion along the way, using the money to implement the second phase of its Coolidge, Arizona, plant, among other projects.
Renault is apparently exploring a possible spin-off and IPO of its electric car business, according to a media report. Renault management is said to be exploring the possibility of splitting the company into two entities for its internal combustion and electric car businesses.
US-based electric car startup Rivian has reported its financial results for the first quarter of 2022. Net loss for the first three months of the year was $1.59 billion, compared to $414 million in the year-ago quarter. However, the loss narrowed compared to Q4 2021.
Renault has now confirmed it has launched a strategic review into a spin-off of its e-car business - and given more details. Specifically, a separate company in France could be dedicated to the development, production and sales of electric vehicles and software.
Aachen, Germany-based e-car maker Next.e.GO Mobile has agreed a business combination with shell company (SPAC) Athena Consumer Acquisition, with the merged company to be listed on the New York Stock Exchange.