Tag: electric vehicles
UK electric vehicle startup Arrival picks Charlotte for its North American headquarters
Arrival, the U.K. electric vehicle startup that plans to become a publicly traded company through a merger with special purpose acquisition company CIIG Merger Corp., has picked Charlotte for its North American headquarters. The company said it will add 150 new employees to support the headquarters and invest about $3…
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EV bus and truck maker The Lion Electric to take SPAC route to public markets
Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of…
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GM ups electric and autonomous vehicle spending to $27 billion through 2025
General Motors said it will spend $27 billion over the next five years on the development of electric vehicles and automated technology, a 35% percent increase that exceeds the automaker’s investment and gas and diesel and is an effort bring products to market faster. More than half of GM’s capital…
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Rivian is making its hands-free driver assistance system standard in ‘every vehicle’ it builds
Electric automaker Rivian will makes its hands-free driver assistance system standard in every vehicle it builds, including its first two vehicles — the RT1 pickup truck and R1S SUV — that are coming to market in 2021. Details about the system, which is branded as Driver+, was just one of…
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Tesla delivered 139,300 vehicles last quarter, breaking its previous record
Tesla delivered more vehicles than it has in any quarter to date between July and September. In its Q3 vehicle delivery and production report, Tesla said it shipped 139,300 vehicles during those three months.That’s 45 percent more than the number of… Source
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GM’s Ultium motors will power its next-generation EVs
GM, the company known for Corvettes and pickups, has embraced EVs as much as any US automaker. It already revealed plans for its Ultium batteries and now, ahead of the 2020 Bolt EV launch, is showing off its Ultium electric motors and drive units for… Source
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