Cars
Reuters
Nov 28, 2021, 10:46 PM
The company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).
1 Min
Reuters | Nov 28, 2021China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund ProductionChina Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.1 min read
Reuters | Nov 28, 2021Sharp Swings In EV Shares Draws Frenzied Options TradingSentiment in the electric-vehicle makers' options leaned toward bearish and defensive bets on Wednesday, according to Trade Alert data.1 min read
car&bike Team | Nov 28, 2021Australia Bumps Up Investment In EV Chargers, Shuns Sales TargetsThe additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.1 min read
Reuters | Nov 28, 2021Rivian Valued At Over $100 Billion In Debut, After World's Biggest IPO Of 2021Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.1 min read
car&bike Team | Nov 28, 2021Volkswagen Plans Farewell To Legendary Santana Model In ChinaVolkswagen AG's joint venture with SAIC Motor will end production of the Santana, Skoda's Rapid and a current version of Tharu sport-utility vehicles (SUV) at its plant in the eastern city of Yizheng.1 min read
Reuters | Nov 28, 2021Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility PlanItalvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.1 min read
Reuters | Nov 28, 2021EV Maker Bedeo Acquires Protean From Evergrande's Auto UnitBedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.1 min read
Reuters | Nov 28, 2021Hertz In Talks With Tesla For EV Delivery TimelineTesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.1 min read
