The electric car start-up Lucid Motors announced its intention to go public via a merger, confirming rumours from January. To this end, Lucid is merging with the listed investment company Churchill Capital IV (CCIV).
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Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker.
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EVBox Group plans to list on the New York Stock Exchange through a merger with investment firm TPG Pace Beneficial Finance. The listing is expected to take place towards the end of the first quarter of 2021.
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The solid-state battery specialist and Volkswagen partner QuantumScape has now completed its announced IPO. On Friday, QuantumScape’s shares began trading on the New York Stock Exchange under the ticker symbol “QS”. The shares rose by around 50 per cent on the very first day of trading.
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Californian battery startup Romeo Power is now going public on the US stock exchange via a merger with the investment firm RMG Acquisition. The goal is to expand the production and development of commercial vehicle batteries.
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Faraday Future is aiming to go public. Although the electric car startup announced this step about a year ago, with the announcement of its new strategy, Faraday Future now seems to be taking concrete steps.
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The Bulgarian racing car manufacturer Sin Cars Int. Eood wants to get involved in the electric car business in future. Yet, they do not aim for say the FIA Formula E but have a more down to earth endeavour in mind: electric city cars. And they want to go public.
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China’s battery powerhouse CATL has succeeded instantly on the stock exchange. Shares in Contemporary Amperex Technology Ltd soared 44 percent on their debut in Shenzhen as investors seek to embrace clean energy.
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German battery maker Akasol is preparing for a stock market listing in Frankfurt likely in June. Their move is to raise money to invest in new capacity so Akasol may benefit from an expected surge in demand from EV makers.
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Chinese EV startup WM Motor says it is open to holding an initial public offering (IPO) in the States. The firm that aims to launch a comparably cheap EV bearing the label Weltmeister (German for world champion) already said last year that it had investment.
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