Tag: EV makers

Industry Focus Areas, Motorized Vehicle

Big Bets On EVs

November 29, 2021

Via: Electronics Weekly

EV start-up Lucid, which delivered its first vehicle on October 30th, has a market cap bigger than Ford’s and is now the eighth most valuable car company in the world. Tesla, Rivian and Lucid are valued at a completely different […]

Industry Focus Areas, Motorized Vehicle

Nio boosts size of share sale by 20% amid EV stock frenzy

August 31, 2020

Via: Automotive News

Nio Inc. boosted the size of its capital raising by almost 20 percent as investors rush stock sales by EV makers. The U.S.-listed, Shanghai-based firm sold 88.5 million American depositary receipts at $17 apiece, according to an emailed statement Monday. […]

Industry Focus Areas, Motorized Vehicle

EV makers tap special-purpose firms for funding

August 12, 2020

Via: Automotive News

Electric commercial truck maker Nikola Corp. tried unsuccessfully to raise $1 billion in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its CFO […]