NEW YORK, July 22, 2021 /PRNewswire/ — Churchill Capital Corp IV (“Churchill IV” or “CCIV”) (NYSE: CCIV), a special purpose acquisition company, and Lucid Motors (“Lucid”), which is setting new standards for sustainable mobility with its advanced luxury EVs, announced today that they will host a live investor call on Thursday, July 22 at 11:30 a.m. ET… Continue reading Churchill Capital Corp IV Chairman and CEO Michael Klein and Lucid Motors CEO and CTO Peter Rawlinson to Host Investor Call Today at 11:30 AM to Discuss Lucid Business Combination and Importance of Voting as Soon as Possible
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EV growth propels Denso to close value gap with Honda and Ford
NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford
Uber CEO says ride prices will be close to normal by September
Uber CEO Dara Khosrowshahi said that ride prices will return “to nearly the good old days” by September, The New York Times reported on Thursday. During the pandemic, the popular ride-sharing app lost billions as people isolated at home. Now, users are opening the black-and-white app again — only to be shocked by high prices… Continue reading Uber CEO says ride prices will be close to normal by September
Hyzon Motors Completes Business Combination with Decarbonization Plus Acquisition Corporation
ROCHESTER, N.Y., July 16, 2021 /PRNewswire/ — Hyzon Motors Inc. (f/k/a Decarbonization Plus Acquisition Corporation), a leading global supplier of zero-emission hydrogen fuel cell-powered heavy vehicles, today announced that it has completed its previously announced business combination with Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.). Concurrent with the completion of the business combination, Decarbonization Plus… Continue reading Hyzon Motors Completes Business Combination with Decarbonization Plus Acquisition Corporation
Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley (TSLA)
Elon Musk. Britta Pedersen-Pool/Getty Images Tesla’s launch of a flying car is a matter of when, not if, according to a note from Morgan Stanley. Morgan Stanley thinks a flying car business could be worth as much as $1,000 per share for Tesla. “The chance that Tesla does not ultimately offer products and services to… Continue reading Tesla will likely launch a flying car business by 2050 that could be worth $1,000 per share, according to Morgan Stanley (TSLA)
Replay: Hyzon Motors CEO, Decarbonization Plus Acquisition Corp. Chairman Join Fireside Chat
IPO Edge and The Palm Beach Hedge Fund Association hosted a fireside chat with the Chairman of Decarbonization Plus Acquisition Corp. (NASDAQ: DCRB) and CEO of Hyzon Motors Inc. on Tuesday, June 29 at 2pm ET to discuss their pending business combination. The live event features DCRB Chairman Robert Tichio and Hyzon Motors CEO Craig… Continue reading Replay: Hyzon Motors CEO, Decarbonization Plus Acquisition Corp. Chairman Join Fireside Chat
Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
CEO of DiDi Cheng Wei at the D1 launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing is set to IPO in the US at a valuation of up to $70 billion, according to the Wall Street Journal. Didi controls much of the Chinese ride-hailing market, after a bruising… Continue reading Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
Didi Chuxing’s mega IPO to boost China listing frenzy in the US
Ride-hailing giant Didi Chuxing’s planned $4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half of the year, despite political sparring between the two countries. A total of 29 initial public offerings (IPOs) by Chinese companies in the United States in the first… Continue reading Didi Chuxing’s mega IPO to boost China listing frenzy in the US
Chinese EV maker Xpeng to list on Hong Kong Stock Exchange …
Chinese electric-vehicle maker Xpeng Inc said on Thursday it was looking to list its common shares on the Hong Kong Stock Exchange as part of a global offering to raise as much as $2 billion. After the proposed listing, Xpeng‘s Class A ordinary shares in Hong Kong will be convertible with its American depositary shares (ADS) that are… Continue reading Chinese EV maker Xpeng to list on Hong Kong Stock Exchange …
Auto transport firm Gefco put up for sale: sources
In 2020, factory and dealership closures and delayed purchases by consumers due to the pandemic led to a 20% slide in turnover to 3.8 billion euros, while recurring EBIT fell 32% to 140 million. Car markets have since rebounded and European car registrations surged 74% in May, rising for the third month in row. FRANKFURT:… Continue reading Auto transport firm Gefco put up for sale: sources