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SOLO - ElectraMeccanica shares rise after deal to merge with Tevva
Electrameccanica Vehicles Corp. Ltd.
2023-08-15 09:32:28 ET
ElectraMeccanica ( NASDAQ: SOLO ) will merge with UK-based truck manufacturer Tevva in a bid to grow their market share for electric trucks, the companies said in a joint statement on Tuesday.
SOLO stock +19.1% at 80 cents.
The combined company will operate as Tevva Inc. and is expected to be domiciled in Delaware.