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Electric vehicle startups extended their winning streak on Nov. 13, buoyed by strong earnings results from some of their peers and Joe Biden’s projected presidential win.

Ford Motor Co. is considering building the batteries to power a fleet of new electric vehicles as it prepares to cut back production of engines for its traditional gasoline-powered models.

Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets.

Ford’s newest electric vehicle — a commercial van called the E-Transit — will be unveiled by the company Nov. 12, assembled at Ford’s Kansas City, Mo., plant and be available by late 2021.

A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.

General Motors Co. is going on a hiring binge to accelerate its development of electric vehicles.

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.

South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.