electric vehicle News Updates

BusinessTechnologyFuel

SPAC Boom Propels EV Makers to Public Markets

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

January 22, 2021
BusinessTechnologyFuel

EV Mania Propels Record Legacy Automaker Gains in 2021

Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.

January 21, 2021
BusinessTechnologyFuel

GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

January 20, 2021
GovernmentBusinessTechnologyFuel

Spending on Global Energy Transition Hits Record $500 Billion

The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.

January 19, 2021
BusinessTechnologyFuel

Rivian Reportedly Reaches $27.6 Billion Value on New Funds

Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.

January 19, 2021
BusinessTechnologyFuel

Hunt for the Next Tesla Fuels Wave of EV Deals

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.

January 12, 2021
BusinessTechnologyLogistics

GM Announces New Electric Delivery Van, Electric Pallet

The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.

January 12, 2021
BusinessTechnologyFuel

Daimler Trucks-Backed Proterra to Go Public Through ArcLight SPAC

Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp.

January 12, 2021
BusinessTechnology

Lucid Motors Reportedly in Talks to Go Public

Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.

January 11, 2021
BusinessTechnologyFuel

GM Changes Corporate Logo to Plug Its EV Strategy

General Motors Co. is changing its corporate logo for the first time in 56 years, giving it a new lowercase script that is designed to look more modern.

January 8, 2021