Electric Cars News
Electric Carmaker Fisker To Go Public Through SPAC Deal At $2.9 Billion Valuation
Electric car maker Fisker will go public through a merger with a blank-check company backed by alternative investment manager Apollo Global Management Inc at a valuation of $2.9 billion, the companies said.
BMW iX3 Electric SUV To Be Unveiled On July 14
Jul 11, 2020 05:18 PM
The much-awaited BMW iX3 is all set to make its global debut next week, on July 14, 2020. It's will be the first-ever all-electric SUV from the Bavarian carmaker and will feature the company's fifth-generation BMW eDrive technology.
Honda Invests In China's CATL, To Jointly Develop EV Batteries
Jul 10, 2020 08:55 PM
Japan's Honda Motor Co Ltd will pick up a 1% stake in electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the Chinese firm said in a filing on Friday.
Tesla's Musk Approaches A $1.8 Billion Bonanza
Jul 9, 2020 07:10 PM
Tesla Inc's blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months. Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40 per cent in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion.
Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV
Jul 9, 2020 05:07 PM
American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon.
Tesla 'Very Close' To Level 5 Autonomous Driving Technology, Says Elon Musk
Jul 9, 2020 05:02 PM
U.S. electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
SEAT Plans 5 Billion Euros In investments In 2020-2025; Urges Spain To Help With Electric Shift
Jul 8, 2020 11:26 PM
Volkswagen's Spanish brand SEAT plans to invest 5 billion euros ($5.6 billion) from 2020-2025 and is committed to making electric cars in Spain with the right government support.
Tesla China Sold 14,954 Model 3 Vehicles In June, Sees 35% M-o-M Growth
Jul 8, 2020 10:52 PM
U.S. electric vehicle maker Tesla Inc sold 14,954 Shanghai-made Model 3 vehicles in China in June, up 35% month-on-month, according to the China Passenger Car Association (CPCA).
Elon Musk Hints At The Possibility Of A New Tesla Gigafactory In Asia Outside China
Jul 8, 2020 05:48 PM
California-based electric car manufacturer, Tesla Inc., might be considering opening a new Gigafactory in Asia, but this one will be outside China. Tesla CEO, Elon Musk recently hinted at the possibility of setting up a new facility while replying to a Twitter user, who asked if the company has plans to expand its Gigafactories in Asia, outside China.
Upcoming Launches
