Category: Aspiring OEMs

@niche: Nikola Corporation Breaks Ground on Coolidge Multi-Product Factory 4.0 Manufacturing Facility

The Arizona facility is expected to generate more than 1,800 new full-time positions and result in approximately $600 million in new capital expenditures COOLIDGE, Ariz. — July 23, 2020 — Nikola Corporation (NASDAQ: NKLA), a global transportation leader in zero-emissions and infrastructure solutions, is one step closer to bringing a 1 million-square-foot manufacturing facility to… Continue reading @niche: Nikola Corporation Breaks Ground on Coolidge Multi-Product Factory 4.0 Manufacturing Facility

@niche: Nikola Announces Redemption of Public Warrants

PHOENIX, Arizona July 22, 2020 —Nikola Corporation (Nasdaq: NKLA; NKLAW) (“Nikola” or the “Company”), today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), that were issued under the Warrant Agreement , dated as… Continue reading @niche: Nikola Announces Redemption of Public Warrants

@niche: Nikola Badger Preorders Open June 29 at 11 AM ET

Nikola World 2020 is December 3-5, 2020 Preorders secure a Nikola World 2020 ticket and receive a discount off vehicle purchase All preorders qualify for a chance to win a Badger at Nikola World 2020 Badger preorders available in battery-electric vehicle (BEV) or hydrogen fuel-cell electric vehicle (FCEV) models The BEV is expected to offer… Continue reading @niche: Nikola Badger Preorders Open June 29 at 11 AM ET

@FaradayFuture: Automated Power Side Doors

Seamless Entry It has been said of art and vehicle design that only the arrangement is new. In other words, everything has been done before and it is only which elements we bring together and how we compose them that make a new design truly unique. This was our mindset when we designed the seamless entry… Continue reading @FaradayFuture: Automated Power Side Doors

Team Ineos to be renamed Ineos Grenadier – Cyclist

Team Ineos will officially be renamed Team Ineos Grenadier for the 2020 Tour de France, with a new team kit surrounding the Grenadier branding, according to email communications from ASO staff. Ineos, the petrochemical giant that owns Team Ineos, has recently ventured into the world of car production with the Ineos Grenadier. The company developed… Continue reading Team Ineos to be renamed Ineos Grenadier – Cyclist

@niche: Workhorse Announces Closing of $70 Million Financing from Institutional Investor

CINCINNATI, July 20, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today announced the closing of its previously announced financing agreement for a $70 million Senior Secured Convertible Note (the “Note”) with a single institutional investor. The… Continue reading @niche: Workhorse Announces Closing of $70 Million Financing from Institutional Investor

Glickenhaus HyperCar Plans “Totally On Track” – “At Least Two Cars” – dailysportscar.com – Dailysportscar

A lengthy conversation with Jim Glickenhaus yesterday produced a number of very interesting snippets, not all of which are for public consumption just yet. Most importantly all aspects of the SCG 007 LMH ‘Hypercar’ programme, engine, chassis and aero, are well on track despite the difficulties imposed by the COVID-19 crisis. And the Scuderia Cameron… Continue reading Glickenhaus HyperCar Plans “Totally On Track” – “At Least Two Cars” – dailysportscar.com – Dailysportscar

@niche: 5 ways REE’s EV platform is drastically reducing TCO and streamlining EV service maintenance & repair

By: Daniel BarelCo-Founder and CEO of REE It’s all about selecting the best e-van Commercial vehicles play a key role in our economy. And in the coming years, electrification of these vehicles will rapidly accelerate as auto manufacturers are required to meet stringent emission regulation legislation. For operators facing the decision of which commercial e-vehicle… Continue reading @niche: 5 ways REE’s EV platform is drastically reducing TCO and streamlining EV service maintenance & repair

@niche: Flat battery-pack chassis promises EV design freedom

A completely flat chassis and drivetrain components housed in a vehicle’s wheels could give automotive designers limitless freedom when creating tomorrow’s electric vehicles. Reeboard flat chassis (Image: REE Automotive) This is the claim of REE Automotive, an Israeli start-up whose REEcorner architecture integrates components including braking, electric-motor, steering, and suspension into the wheel before being… Continue reading @niche: Flat battery-pack chassis promises EV design freedom