electric vehicle News Updates

Business, Technology, Fuel, Autonomous

EV Startup REE Plans Merger With 10X Capital SPAC

REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter.

February 3, 2021
Business, Technology, Fuel

GM Sets Goal of Going Largely Electric by 2035

General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.

January 28, 2021
Business, Technology, Fuel

EV Charging Firm FreeWire Closes $50 Million Funding Round

FreeWire Technologies Inc., an electric vehicle charging and power startup, has raised $50 million in a Series C funding round.

January 26, 2021
Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

January 22, 2021
Business, Technology, Fuel

EV Mania Propels Record Legacy Automaker Gains in 2021

Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.

January 21, 2021
Business, Technology, Fuel

GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

January 20, 2021
Government, Business, Technology, Fuel

Spending on Global Energy Transition Hits Record $500 Billion

The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.

January 19, 2021
Business, Technology, Fuel

Rivian Reportedly Reaches $27.6 Billion Value on New Funds

Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.

January 19, 2021
Business, Technology, Fuel

Hunt for the Next Tesla Fuels Wave of EV Deals

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.

January 12, 2021
Business, Technology, Logistics

GM Announces New Electric Delivery Van, Electric Pallet

The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.

January 12, 2021