Sono Group N.V. (parent company to “Sono Motors GmbH”, “Sono Motors” or the “Company”) announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common… Continue reading @niche: Sono Motors Announces Pricing of Initial Public Offering001421
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@niche: TVR partners with Ensorcia001419
TVR announces a funding and technology partnership with leading lithium innovator Ensorcia. TVR is delighted to announce that it has today signed an agreement with Ensorcia Metals Corporation that provides significant funding for the formation of a joint venture in the EV space as well as for the production development of the V8-engined Griffith through… Continue reading @niche: TVR partners with Ensorcia001419
@niche: Xos, Inc. Reports Third Quarter 2021 Results001410
LOS ANGELES, Nov. 11, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today reported financial results for the quarter ended September 30, 2021. Third quarter 2021 revenues were $357 thousand Third quarter 2021 net income was $34.9 million and operating loss was… Continue reading @niche: Xos, Inc. Reports Third Quarter 2021 Results001410
@niche: Charging Ahead: Introducing Our New Battery System, the Lyra Series™001409
Batteries are at the heart of every vehicle we produce. Range, charging speeds, durability, efficiency, and cost all come into play when we develop our battery systems. Xos batteries are specifically designed from the ground up to perform under the demands and rigors of commercial use. Our battery engineering team is always looking for the… Continue reading @niche: Charging Ahead: Introducing Our New Battery System, the Lyra Series™001409
@niche: Press Lordstown Motors Reports Third Quarter 2021 Financial Results001409
LORDSTOWN, Ohio, Nov. 11, 2021 (GLOBE NEWSWIRE) — Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), a provider of electric light duty trucks focused on the commercial fleet market, today released its third quarter 2021 financial results, and provided a business and financial outlook update. Third Quarter and Recent Key Business Highlights Reported third… Continue reading @niche: Press Lordstown Motors Reports Third Quarter 2021 Financial Results001409
@niche: It’s bizarro world in the auto industry, again001410
It’s not just Tesla. Electric-vehicle startup Rivian (RIVN) has roared into public markets with a killer public offering and a market value of $116 billion. That’s 32% more than General Motors (GM) is worth, and 47% more than Ford (F). Rivian has never sold a vehicle until this year. GM sells around 7 million vehicles… Continue reading @niche: It’s bizarro world in the auto industry, again001410
@niche: Sono Motors Announces Launch of Initial Public Offering001388
Sono Group N.V. (parent company to “Sono Motors GmbH”, “Sono Motors” or the “Company”) today announced that it has commenced an initial public offering of 10,000,000 common shares. The initial public offering price is expected to be between $14.00 and $16.00 per share. The Company intends to grant the underwriters a 30-day option to purchase… Continue reading @niche: Sono Motors Announces Launch of Initial Public Offering001388
@niche: U.S. DoJ investigating electric vanmaker Workhorse -WSJ001382
(Reuters) – Electric van maker Workhorse Group is being investigated by the U.S. Department of Justice, the Wall Street Journal reported on Friday, citing documents reviewed by the newspaper. The focus of the inquiry was not revealed in the documents, the report said. Shares of the company were down 10.4% at $6.47 after the report.… Continue reading @niche: U.S. DoJ investigating electric vanmaker Workhorse -WSJ001382
@niche: Lightyear enters into a partnership with NXP Semiconductors to support development of its first mass market solar vehiclesThis partnership provides th…001375
Helmond, the Netherlands, November 4, 2021 — Lightyear and NXP announced they entered into a partnership, which provides the high-tech company developing the world’s first solar electric vehicle with NXP technology for the coming years. Their mutual goals under this agreement are to get the first solar cars on the road and to accelerate the… Continue reading @niche: Lightyear enters into a partnership with NXP Semiconductors to support development of its first mass market solar vehiclesThis partnership provides th…001375
@niche: Press Lordstown Motors Appoints Adam B. Kroll as Chief Financial Officer001377
LORDSTOWN, Ohio, Oct. 13, 2021 (GLOBE NEWSWIRE) — Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE) announced today that its Board of Directors has elected Adam B. Kroll as Executive Vice President and Chief Financial Officer, effective October 25th, 2021. Mr. Kroll will replace Rebecca Roof, Interim Chief Financial Officer who will remain with… Continue reading @niche: Press Lordstown Motors Appoints Adam B. Kroll as Chief Financial Officer001377