Tag: stock market

Apr 27, 2021 - 10:51 am

Evergrande valued higher than GM but has sold no cars

Evergrande New Energy Vehicle, the electric car offshoot from the Chinese Evergrande Group, is now worth 87 billion US dollars on the stock market meaning it is valued higher than Ford or GM. The valuation is odd, as the company has yet to sell a single car.

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Mar 25, 2021 - 03:52 pm

QuantumScape to open second pilot plant

Solid-state battery specialist QuantumScape plans to issue 13 million new shares. The expected proceeds of $859 million are to be invested in the company’s planned pilot plant and in the joint venture with Volkswagen. In connection with the joint venture, there is also talk of a second pilot plant.

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Mar 22, 2021 - 01:35 pm

Volkswagen’s Tesla moment on the stock market

Volkswagen is experiencing a ‘Tesla moment’ in the stock market after the company presented details of its electric vehicle offensive a few days ago. The German carmakers share value rose so much that Germany’s market watchdog Bafin is taking a closer look.

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Feb 23, 2021 - 12:43 pm

Lucid Motors announces merger to go public

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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Feb 21, 2021 - 01:30 pm

Investors favour Powersports as Taiga goes public

Electric snowmobile and watercraft maker Taiga is going public through a SPAC deal and is raising a whopping 100 million CAD in its wake. The Montréal-based company had vowed to electrify powersports back in 2015 and today joins the growing number of EV makers looking to grow big on the stock exchange.

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Feb 12, 2021 - 12:27 pm

Amazon-backed Rivian looking for EV plant in Europe

The US electric car startup Rivian, supported by Amazon and Ford, is looking for European locations for a new plant. Germany, the United Kingdom and Hungary are among the countries under discussion, sources close to the matter said.

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Feb 10, 2021 - 01:32 pm

Hyzon Motors goes public via merger

The US commercial fuel cell vehicle developer Hyzon Motors has announced a merger with the Nasdaq-listed Decarbonization Plus Acquisition Corporation. This merger is also about a quick IPO as has often been apparent in rapidly growing electric mobility companies lately.

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Feb 4, 2021 - 12:51 pm

Ree Automotive to hit the stock market

The Israeli eMobility start-up Ree Automotive moves to the US stock exchange Nasdaq through a merger with the investment company, 10X Capital Venture Acquisition Corporation. The SPAC deal is expected to bring Ree about half a billion dollars.

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Feb 1, 2021 - 01:30 pm

Norway’s Freyr merges to list on NYSE

Norway’s battery cell start-up Freyr is about to go public on the US stock exchange, again through merging with an already listed investment firm, Alussa Energy Acquisition Corporation (think SPAC).

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Jan 29, 2021 - 01:39 pm

Faraday Future finds fusion partner for IPO

Faraday Future has found a partner for its IPO. After merging with investment company Property Solutions Acquisition, the new Faraday Future Inc. is to be traded on Nasdaq under the ticker symbol “FFIE”. The company has also signed a framework agreement with Geely.

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Jan 21, 2021 - 12:53 pm

BYD & Nio gather billions in funds

Chinese electric manufacturers BYD and Nio have raised fresh money. While BYD gained around 3.9 billion US dollars through the sale of new shares, Nio successfully placed two bonds totalling 1.5 billion dollars.

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Jan 15, 2021 - 01:33 pm

Lucid Motors aims to go public via SPAC deal

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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Jan 14, 2021 - 02:15 pm

Proterra to go public via merger with ArcLight

Proterra, the U.S. manufacturer of electric buses, has announced its initial public offering through a merger with investment firm ArcLight Clean Transportation. Existing investor Daimler Trucks backs the deal.

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Dec 14, 2020 - 01:24 pm

Tesla pauses Model S and X production

Production of the Model S and Model X in Fremont will be halted for just under three weeks. This is fuelling speculation that both models might be getting a refresh. Meanwhile, according to reports from China, Tesla has now also begun production of the performance version of the Model 3.

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Dec 8, 2020 - 04:45 pm

Tesla announces further capital increase

Tesla has announced a capital increase of another five billion US dollars. This is already the second capital increase within three months. With the first increase at the beginning of September, Tesla aimed to raise up to five billion dollars by selling additional shares.

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Dec 2, 2020 - 12:12 pm

The Lion Electric Company aims to go public

The Canadian electric truck and bus manufacturer The Lion Electric Company announced plans to become a publicly-traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. This will help them ramp up EV production.

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Nov 30, 2020 - 05:03 pm

QuantumScape successfully goes public

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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Nov 17, 2020 - 12:16 pm

Tesla to join S&P 500 stock market in December

Tesla shares are now included in the S&P 500 stock market index after all. Tesla’s inclusion will take place on 21 December. In addition, Tesla has apparently found a new construction manager for the Gigafactory in Grünheide within its own ranks.

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Nov 14, 2020 - 12:52 pm

Nuvve uses merger to enter the US stock market

The Californian Vehicle-to-Grid (V2G) specialist Nuvve has announced its intention to go public through a merger with the investment company Newborn Acquisition. After completion of the merger, the joint venture Nuvve Holding is expected to be listed on the US Nasdaq stock exchange under the ticker symbol “NVVE”.

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Sep 24, 2020 - 03:32 pm

ChargePoint enters US stock market as CHPT

The charging infrastructure provider ChargePoint has announced its IPO. As with Nikola Motor, the IPO will take place through a merger, in this case with the investment firm Switchback Energy Acquisition.

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Sep 14, 2020 - 12:44 pm

Short-seller Hindenburg tries taking down Nikola

Hindenburg Research raises serious fraud accusations against the prospective electric truck manufacturer Nikola. However, the “research” is anything but neutral, as the company itself has sold Nikola shares short and is thus profiting from any price losses resulting from the paper.

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Sep 4, 2020 - 03:52 pm

VW partner QuantumScape hits the US stock market

The solid-state battery specialist and Volkswagen partner QuantumScape went public on the US stock exchange. The company has agreed on a merger with the investment company Kensington Capital Acquisition. The shares will be traded on the New York Stock Exchange under the symbol “QS”.

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Aug 26, 2020 - 03:23 pm

Byton resumes operations as Shengteng

There is news about the electric car start-up Byton, which has been temporarily suspended since 01 July. Chinese media now report, citing insiders, that the company is ready to resume full operations in September 2020.

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Aug 12, 2020 - 12:10 pm

Tesla to split stock end of August

Tesla has announced a stock split for 31 August. Shareholders will receive four additional share certificates as dividends for each share. With this, Tesla wants to solve the problem that the own share has become too expensive. The first reaction of the stock exchange: the shares became even more expensive.

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Found on electrive.com
https://www.electrive.com/2021/05/08/lion-electric-selects-us-factory-location-announces-ipo/
08.05.2021 14:46