Electric Cars News
China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund Production
China 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.
Sharp Swings In EV Shares Draws Frenzied Options Trading
Nov 28, 2021 09:47 PM
Sentiment in the electric-vehicle makers' options leaned toward bearish and defensive bets on Wednesday, according to Trade Alert data.
Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets
Nov 28, 2021 09:22 PM
The 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.
Rivian Valued At Over $100 Billion In Debut, After World's Biggest IPO Of 2021
Nov 28, 2021 09:13 PM
Despite 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.
Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility Plan
Nov 28, 2021 07:12 PM
Italvolt 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.
Hertz In Talks With Tesla For EV Delivery Timeline
Nov 28, 2021 06:11 PM
Tesla 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.
NXP Forecasts Sales Growth Driven By Connected Vehicles
Nov 28, 2021 05:08 PM
NXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.
GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans Yet
Nov 28, 2021 04:48 PM
GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.
Canoo Advances Manufacturing Dates For Electric Vehicles
Nov 28, 2021 03:33 PM
The company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.
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