May 26, 2023 - 11:39 am
Nikola threatened with stock market delisting
The American electric truck manufacturer Nikola Motor is threatened with exclusion from the US stock exchange Nasdaq. Because the share price was below one US dollar per share for 30 consecutive days, Nikola no longer complies with Nasdaq regulations.
Read more
May 3, 2023 - 03:56 pm
Lordstown may falter if Foxconn deal falls through
In a filing to the SEC, electric vehicle start-up Lordstown Motors warns that it may go bankrupt against the backdrop of contract manufacturer Foxconn walking away from a crucial deal. And there is also Lordstown own share price.
Read more
Mar 8, 2023 - 03:38 pm
Sakuu aims to go public via merger with Plum
Sakuu, a California-based developer of 3D-printed solid-state batteries, will become a publicly traded company. To do so, it will merge with the special purpose acquisition company (SPAC) Plum Acquisition Corp. I.
Read more
Feb 10, 2023 - 01:35 pm
Ford drops nearly all of their Rivian shares
Ford has sold off a large part of its Rivian shares. According to a notification from Rivian to the US Securities and Exchange Commission (SEC), Ford’s stake in Rivian is now only 1.15 per cent.
Read more
Feb 7, 2023 - 11:29 am
Canoo issues further shares
California-based electric car start-up Canoo is looking to raise around 52.5 million dollars through share sales at a steeply discounted rate. Agreements with several investors have already been reached, but the deals have yet to be completed.
Read more
Feb 6, 2023 - 03:46 pm
Hindenburg Research attacks Indian Adani Group
Allegations by Hindenburg Research are once again causing a company to falter. The short seller accuses the Indian conglomerate Adani Group of price manipulation and accounting fraud, causing Adani’s share price to plummet. Adani, which is also involved in eMobility projects, denies the allegations.
Read more
Feb 1, 2023 - 02:14 pm
Lotus to go public via IPO with L Catterton Asia
The Geely subsidiary Lotus has announced its intention to list its electric car division Lotus Technology on the stock exchange. Accordingly, the plan is to list on the US stock exchange Nasdaq through a merger with L Catterton Asia Acquisition Corporation, which is already listed there.
Read more
Feb 1, 2023 - 11:45 am
ABB E-Mobility takes in €326 million in financing
Swiss technology group ABB has raised a further 325 million Swiss francs from four investors, including Porsche SE, for its e-mobility division with its charging station business in the second and final round of its pre-IPO private placement.
Read more
Dec 13, 2022 - 03:42 pm
Zeekr seeks over $1 billion via IPO in the USA
Zeekr has confidentially filed for a US public offering to raise over $1 billion in capital, according to inside sources. Zeekr lodged its filings with US regulators last week and is planning to go public in New York as early as the second quarter of 2023.
Read more
Nov 22, 2022 - 01:34 pm
SVOLT to hit the Chinese stock exchange
The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, has applied for its IPO in China. The listing on the Star Market technology exchange is expected to bring SVOLT 15 billion yuan (around 2 billion euros).
Read more
Nov 9, 2022 - 12:44 pm
Musk sells almost $4 billion in Tesla stocks
Elon Musk has dumped another 19.5 million Tesla shares worth $3.95 billion. Musk now still holds around 14 per cent of Tesla. The value of Tesla shares has fallen to its lowest level in almost a year and a half.
Read more
Nov 8, 2022 - 07:08 pm
Arrival still bogged down in launch difficulties
Things at the British electric vehicle start-up Arrival apparently continue to be anything but smooth. After the strategic reorientation of the company, there are now media reports that an Arrival electric delivery van caught fire during a demonstration for the customer UPS.
Read more
Nov 2, 2022 - 12:29 pm
Zeekr presents electric van 009 with Qilin battery
Geely’s premium electric subsidiary Zeekr has unveiled its second model and is now accepting reservations for the Zeekr 009 in China. Separately, Geely plans to spin off Zeekr and list it on the Hong Kong Stock Exchange.
Read more
Sep 28, 2022 - 12:44 pm
LiveWire hits the New York stock exchange
Harley-Davidson has completed the announced IPO of its electric motorbike brand LiveWire via a SPAC merger with the exchange shell AEA-Bridges Impact Corporation (ABIC). In addition, the second series model Del Mar can be reserved again.
Read more
Aug 10, 2022 - 10:53 am
Elon Musk now holds only 15 per cent of Tesla
Elon Musk has sold 7.92 million Tesla shares worth 6.9 billion dollars in the past few days. However, the sales have nothing to do with Tesla itself – Musk is preparing to potentially have to buy Twitter.
Read more
Aug 8, 2022 - 12:41 pm
Gotion High-Tech hits the Swiss stock exchange
The Chinese battery cell manufacturer and Volkswagen partner Gotion High-Tech has been listed on the Swiss stock exchange (SIX) as part of the first group of companies from China that managed to do so.
Read more
Aug 5, 2022 - 10:47 am
Tesla is planning another factory in North America
Elon Musk announced at the Tesla AGM that the company might announce the location for another factory in North America before the end of the year. In addition, as expected, the AGM approved another three-to-one stock split.
Read more
May 15, 2022 - 03:10 pm
Renault considers spinning off e-mobility business
Renault has now confirmed that it has launched a strategic review into a spin-off of its electric car business – and provides more details. Specifically, a separate company in France could be dedicated to the development, production and distribution of electric vehicles and software.
Read more
May 12, 2022 - 12:53 pm
Rivian broadens quarterly loss year-by-year
The US electric car start-up Rivian has presented its business figures for the first quarter of 2022. The net loss in the first three months of the year was 1.59 billion US dollars, compared to 414 million US dollars in the same quarter of the previous year. Compared to Q4 2021, however, the loss fell.
Read more
Apr 28, 2022 - 10:53 am
Tesla value drops as Musk takes over Twitter
Hardly any other topic is currently as polarising as Elon Musk’s takeover of Twitter. Tesla’s shares lost eleven per cent or 114 billion US dollars in value after the deal was announced. Henrik Fisker, head of the electric car manufacturer Fisker, and Musk rival for many years, immediately deleted his Twitter account.
Read more
Apr 26, 2022 - 03:20 pm
Twaice closes $30 million financing round
The battery analytics company Twaice has secured additional Series B funding of 30 million US dollars from investor Coatue and existing investors. The Munich-based company plans to use the money to further develop its platform and open new locations.
Read more
Apr 25, 2022 - 12:50 pm
Renault rumoured to sell off their stake in Nissan
Renault is rumoured to be considering a partial sale of its roughly 43 per cent stake in Nissan as part of the possible spin-off and IPO of its electric car business. What impact this would have on the alliance and the joint electric platforms is an open question.
Read more
Apr 22, 2022 - 11:31 am
Stock market manipulation around Tesla again
A few days ago, a stock market service circulated the news that Tesla had bought the exploration company Lithium Corporation. Later it turned out that the announcement was apparently a deliberate hoax to increase the value of the lithium company’s share.
Read more
Apr 11, 2022 - 04:23 pm
Hindenburg Research takes aim for Mullen
Hindenburg Research is once again making serious allegations of fraud against an electric car start-up. This time, the US company Mullen Automotive has been targeted by the short seller. Hindenburg accuses Mullen of having deceived its investors.
Read more
Apr 6, 2022 - 04:28 pm
Gogoro completes US IPO
Gogoro has completed its IPO in the US. The Taiwanese electric scooter and battery exchange provider completed its merger with the special purpose vehicle Poema Global and is now listed on Nasdaq under the ticker symbols ‘GGR’ and ‘GGROW’.
Read more