Electric Cars
Reuters
Nov 28, 2021, 9:55 PM
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.
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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
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, 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
Reuters | Nov 28, 2021NXP Forecasts Sales Growth Driven By Connected VehiclesNXP 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.1 min read
Reuters | Nov 28, 2021GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans YetGM'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.1 min read
Reuters | Nov 28, 2021Canoo Advances Manufacturing Dates For Electric VehiclesThe company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.1 min read
