Battery-swapping SPAC Gogoro secures $345M loan

Taiwanese battery-swapping company Gogoro has signed a $345 million five-year credit facility agreement in order to increase liquidity among uncertain economic conditions. The loan comes from a group of 10 syndicated banks led by Mega International Commercial Bank Co., according to a regulatory filing. Gogoro will use the funds to pay off an existing facility,… Continue reading Battery-swapping SPAC Gogoro secures $345M loan

Hertz and BP are teaming up to create a network of EV chargers in the US

/ Hertz needs more chargers for its growing fleet of battery-powered car rentals. Image: Hertz Hertz and BP are joining forces to build a network of electric vehicle (EV) chargers throughout the US (via Engadget). The initiative should help support Hertz’s growing fleet of EV vehicles, as the rental car company recently announced plans to… Continue reading Hertz and BP are teaming up to create a network of EV chargers in the US

FUNRISE, INC. AND PSYONIX LAUNCH ROCKET LEAGUE REPLICA CARS

VAN NUYS, Calif., Sept. 28, 2022 /PRNewswire/ — Funrise, Inc. in partnership with video game developer Psyonix, has released a line of customizable and remote-controlled Rocket League replica cars.  Continue Reading Rocket League collection of replica vehicles available now! Tweet this Micro RC Competition Pack Rocket League The new Rocket League collection of replica vehicles… Continue reading FUNRISE, INC. AND PSYONIX LAUNCH ROCKET LEAGUE REPLICA CARS

Tesla (TSLA) adds Airbnb co-founder to its board

Tesla (TSLA) announced today that it appointed Joseph Gebbia Jr., best known for being an Airbnb co-founder, to its board of directors. Earlier this year, Tesla announced that billionaire Larry Ellison is leaving its board of directors. At the time, the automaker said it had no immediate plan to replace him on the board. Today,… Continue reading Tesla (TSLA) adds Airbnb co-founder to its board

Tesla hikes Supercharger prices in California

Tesla has announced a Supercharger price hike in California that is adding to the price increases throughout the last year. It’s still not the price of a tank of gas, but it is now starting to get expensive. One of the biggest advantages of electric vehicles remains that their cost of operations is much lower… Continue reading Tesla hikes Supercharger prices in California

@VW Group: Tailor-made development in China005857

A glance at the skyline is enough to tell the casual observer that driving in China is a different experience. The cities are crisscrossed by multi-level elevated roads of a type that simply doesn’t exist in Europe. They make very specific demands of navigation devices because the technology must identify which of the up to… Continue reading @VW Group: Tailor-made development in China005857

German Manager Magazin: Porsche achieves top price in IPO002048

Breathe easy in Wolfsburg. In the midst of the market turbulence on the stock exchanges and the mounting recession, it succeeds VolkswagenGroup, the IPO of the sports car subsidiary Porsche achieve the announced maximum price. The 113.9 million preferred shares of Porsche AG will be issued to investors at a price of EUR 82.50 each,… Continue reading German Manager Magazin: Porsche achieves top price in IPO002048

Hankook Tire and Formula E Celebrate Partnership Launch

New iON race tire presented at Swarovski Crystal Worlds in Austria Approximately 30% of the new Gen3 tire is made from sustainable materials NASHVILLE, Tenn., Sept. 28, 2022 /PRNewswire/ — As of next season, leading global tire maker Hankook Tire will be the new and exclusive technical partner and tire supplier of the ABB FIA… Continue reading Hankook Tire and Formula E Celebrate Partnership Launch

All 50 states (plus DC and PR) greenlit to access federal EV infrastructure funds

The Biden Administration has now approved Electric Vehicle Infrastructure Deployment Plans (EVIDPs) for all 50 States, DC and Puerto Rico, ahead of schedule. The National Electric Vehicle Infrastructure (NEVI) Formula Program, part of the Bipartisan Infrastructure Law, requires each state to develop an EVIDP. Now that these have been approved, all states now have access… Continue reading All 50 states (plus DC and PR) greenlit to access federal EV infrastructure funds