FIII - Can the SPAC-tacular returns in the EV space ride on?

The pace of EV-SPAC deals in 2020 has been dizzying without showing any real signs of letting up despite some market turbulence on the way. A recap of some the deals recently completed or in the works is below.Electric Last Mile Solutions is in talks to go public through a merger with Forum Merger III Corp. (FIII). The company has a 675K square foot production plant in Indiana with a capacity to produce 100K vehicles annually.Lithium-ion battery maker QuantumScape is poised to combine with Kensington Capital (KCAC). Shares of KCAC are up more than 30% over the last few weeks.Canoo (CNOO) is looking for SPAC magic through a business combination with Hennessy Capital (HCAC). Canoo plans to offer its EV on a subscription-only basis when it goes into production in 2021 and wants to use a common skateboard platform across models.XL Fleet is aiming to go public through a merger

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Can the SPAC-tacular returns in the EV space ride on?