$100 million Investment in Joint Venture Asset Purchase Agreement closing results in approximately $260 million in proceeds to LMC, in addition to prior $50 million common stock purchase Contract manufacturing of the Endurance by Foxconn at Lordstown facility with no interruption in operations Creation of $100 million joint venture, MIH EV Design LLC, to develop… Continue reading @niche: News Lordstown Motors and Foxconn Close Asset Purchase Agreement and Enter into JV Agreement for MIH Ba…001879
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@niche: REE Automotive to build commercial EV plant in UK’s Coventry001879
Prototypes of a rolling chassis for electric vehicles developed by Israel’s REE Automotive, is seen during a test drive in Beersheba, southern Israel September 17, 2020. REUTERS/Amir Cohen Register now for FREE unlimited access to Reuters.com Register LONDON, May 16 (Reuters) – REE Automotive (REE.O), which develops rolling chassis for commercial electric vehicles (EVs), said… Continue reading @niche: REE Automotive to build commercial EV plant in UK’s Coventry001879
@niche: Xos, Inc. Launches Two New Commercial Electric Vehicles and Fleet Intelligence Platform001864
LOS ANGELES, May 10, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading fleet services provider, today unveiled two new commercial electric vehicles as well as its connected vehicle ecosystem at a reveal event this evening during the inaugural Xos Fleet Week. These new fleet vehicles make Xos the leading provider of battery-electric fleet… Continue reading @niche: Xos, Inc. Launches Two New Commercial Electric Vehicles and Fleet Intelligence Platform001864
@niche: Workhorse Group Reports First Quarter 2022 Results001863
Workhorse Group, Inc. CINCINNATI, May 10, 2022 (GLOBE NEWSWIRE) — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”) an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today reported financial results for the first quarter ended March 31, 2022. Management Commentary “We are making progress… Continue reading @niche: Workhorse Group Reports First Quarter 2022 Results001863
@niche: May 09, 2022, 12:00 ETBOLLINGER MOTORS SELECTS ROUSH AS MANUFACTURING SUPPLIERBollinger Motors announced Roush Industries as the contract manufacturer…001860
“We will be building state-of-the-art vehicles from day one right here in Michigan,” said Robert Bollinger, founder and CEO of Bollinger Motors. “Roush has significant engineering and assembly history, and we’re excited to work with them to provide our commercial fleet customers with exceptional electric vehicles.” “Roush will help us to hit our quality and… Continue reading @niche: May 09, 2022, 12:00 ETBOLLINGER MOTORS SELECTS ROUSH AS MANUFACTURING SUPPLIERBollinger Motors announced Roush Industries as the contract manufacturer…001860
@niche: Xos, Inc. Reports First Quarter 2022 Results001851
LOS ANGELES, May 05, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of 100% battery-electric Class 5 to Class 8 commercial vehicles, today reported financial results for the quarter ended March 31, 2022. Key Financial and Business Highlights: Revenue for the three months ended March 31, 2022 was $7.0 million. Net loss… Continue reading @niche: Xos, Inc. Reports First Quarter 2022 Results001851
@niche: Sono Motors Announces Closing of Follow-on Offering001841
Munich, Germany – Sono Group N.V. (Nasdaq: SEV; “Sono Motors” or the “Company”) announced today the closing of its previously announced underwritten follow-on offering of ordinary shares, resulting in approximately $40 million of gross proceeds. In connection with the offering, Sono Motors has granted the underwriters a 30-day option to purchase up to an additional 1,500,000… Continue reading @niche: Sono Motors Announces Closing of Follow-on Offering001841
@niche: Xos, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call001831
LOS ANGELES, April 29, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (the “Company”) (NASDAQ: XOS), a leading manufacturer of Class 5 through Class 8 battery-electric vehicles and powertrains, and provider of charging infrastructure and fleet management software, today announced that the Company will release its first quarter 2022 results after market close on Thursday, May 5,… Continue reading @niche: Xos, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call001831
@niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831
Magna (MGA) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.90%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831
@niche: Morgan Motor Company Announces Changes to its Leadership Team001815
Die Preise und Beschreibungen sind zum Zeitpunkt der Veröffentlichung korrekt, Änderungen vorbehalten. Alle Bilder dienen lediglich Illustrationszwecken. Die tatsächlichen Details können je nach Markt variieren, Änderungen sind vorbehalten. Einige Fahrzeuge werden mit optionaler Ausstattung angezeigt, die eventuell nicht auf allen Märkten verfügbar ist. Bitte kontaktieren Sie Ihren Morgan-Händler vor Ort, um sich nach der Verfügbarkeit… Continue reading @niche: Morgan Motor Company Announces Changes to its Leadership Team001815