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, 2021electric vehicle News Updates
EV Startup REE Plans Merger With 10X Capital SPAC
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, 2021EV 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, 2021SPAC 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, 2021EV 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, 2021GM’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, 2021Spending 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, 2021Rivian 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, 2021Hunt 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, 2021GM 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.
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