ChargePoint to go public in $2.4bn reverse merger Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Try full digital access and… Continue reading ChargePoint to go public in $2.4bn reverse merger
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California governor orders ban on sale of gas-only cars within 15 years
California Gavin Newsom says ‘we can’t continue down this path’ as state grapples with historic fires and record temperatures An order by California’s governor would ban the sale of gas-only cars within 15 years. Photograph: David McNew/Getty Images California’s governor signed an executive order on Wednesday that would ban the sale of gas-only cars within… Continue reading California governor orders ban on sale of gas-only cars within 15 years
MG Motor India begins booking for Gloster SUV
L-R: Rajeev Chaba, president & MD, MG Motor India and Gaurav Gupta, chief commercial officer, MG Motor India unveil the MG Gloster SUV. British carmaker MG Motor India has unveiled its premium SUV offering the MG Gloster, which it says is the country’s first Autonomous (Level 1) vehicle. The Gloster SUV is as the OEMs… Continue reading MG Motor India begins booking for Gloster SUV
India’s Ola Electric looks to locally assemble its upcoming electric two-wheelers
Ola Electric is expected to launch its electric two-wheelers in the European market, with production already live in the Netherlands. SoftBank-backed Ola Electric is currently in the process of finalising the structure of manufacturing units in India, and it is looking to reduce dependence on the global supply chain by setting up a fully indigenous… Continue reading India’s Ola Electric looks to locally assemble its upcoming electric two-wheelers
Lithium-ion battery cell cost to fall to $73 by 2030: IHS Markit
The average cost of a lithium-ion (Li-ion) battery cell, which is used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added, will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit.… Continue reading Lithium-ion battery cell cost to fall to $73 by 2030: IHS Markit
SPI Energy skyrockets 4,300% after announcing launch of EV business
Drew Angerer/Getty Images Shares of SPI Energy soared as high as 4,345% on Wednesday after the solar company announced the launch of an electric vehicle business. The EV business will “focus on the design and develop of new EV technologies and plans to partner with major manufacturers, as necessary,” according to a press release. SPI… Continue reading SPI Energy skyrockets 4,300% after announcing launch of EV business
California will require all passenger vehicles sold in the state be zero-emission by 2035
California Governor Gavin Newsom issued an executive order on Wednesday requiring sales of all new passenger vehicles be zero-emission by 2035. The new order would be a huge boost for electric vehicles, and vehicles using alternative fuels like hydrogen, and could boost a sector that’s already surging in California. As an announcement from the California… Continue reading California will require all passenger vehicles sold in the state be zero-emission by 2035
More dealers use overdraft facilities to fund stock
The number of dealers using overdraft facilities to stock forecourts has more than doubled over the past two years. In October 2018 just 9% of dealers used an overdraft for wholesale funding and this more than doubled to 22% in October this year according to new research from Next Gear Capital., One in four dealers… Continue reading More dealers use overdraft facilities to fund stock
MW Motor Raises RMB10 Billion In Pre-IPO Round
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SEAT names Wayne Griffiths as its new president
As SEAT’s new president, Wayne Griffiths will lead the company and its two brands from October 1. The SEAT Board of Directors chaired by Volkswagen Group Chief Executive Officer Herbert Diess has appointed Wayne Griffiths as the new President of the SEAT company, effective October 1. Griffiths will also continue as CEO and President of… Continue reading SEAT names Wayne Griffiths as its new president