Sono Group N.V. (NASDAQ: SEV) (parent company to “Sono Motors GmbH”, “Sono Motors” or the “Company”) announced today the closing of its initial public offering of an aggregate of 11,500,000 common shares at a price to the public of $15.00 per share, including the full exercise by the underwriters of their option to purchase up… Continue reading @niche: Sono Motors Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares001440
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@niche: REE unveils fully autonomous concept based on modular EV platform001434
Israel-based startup REE Automotive has revealed its autonomous concept vehicle based on a new modular EV platform design. The full-scale concept is geared for customers including last-mile autonomous and electric delivery companies, delivery fleet operators, e-retailers and technology companies seeking to build fully autonomous solutions. REE’s technology – the ‘REEcorner’ – packs critical vehicle components… Continue reading @niche: REE unveils fully autonomous concept based on modular EV platform001434
@niche: Ree unleashes autonomous Leopard EV for last-mile delivery001433
Ree Automotive has announced the Leopard, a skateboard design electric vehicle (EV) for autonomous last-mile delivery and passenger transport. The Herzliya, Israel-based company will showcase the Leopard at the upcoming Consumer Electronics Show in Las Vegas in January. The company is opening a U.S. headquarters and integration center in Austin, Texas. “This concept showcases just… Continue reading @niche: Ree unleashes autonomous Leopard EV for last-mile delivery001433
@niche: REE Automotive reveals the autonomous Leopard & new platform001432
REE Automotive has revealed its autonomous concept vehicle Leopard, based on a new ultra-modular EV platform design. REE Automotive says that their full-scale concept is designed to be flexible for tailoring towards customer needs including last-mile autonomous and delivery fleet operators, retailers and technology companies wanting to build fully autonomous solutions. REE Automotive envisages fully-autonomous… Continue reading @niche: REE Automotive reveals the autonomous Leopard & new platform001432
@niche: Sono Motors Announces Pricing of Initial Public Offering001421
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
@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