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The company is shutting down its European operations simultaneously, and existing employees in Europe will have to reapply for new jobs.

Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, released their first-ever sustainability impact report. Nikola’s 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola’s sustainability priorities.

Mach Capital, the investment arm of Canadian real estate developer Groupe Mach, is in discussions to provide more funding to cash-strapped electric bus and truck manufacturer Lion Electric.

DETROIT — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Mich.

Germany will assume more than 600 million euros ($629 million) of debt that its development bank extended to Northvolt AB for the construction of a battery plant in the country.

TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.

Northvolt AB has named Markus Dangelmaier CEO of Northvolt Ett AB, its only factory that’s producing battery cells.

Stellantis and joint venture partner Samsung have won a commitment from the U.S. government for a loan worth up to $7.54 billion to help build two electric vehicle battery plants in Kokomo, Ind. 

With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.