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LUXEMBOURG, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Arrival (NASDAQ: ARVL), pioneer of a unique new method of design and production of affordable electric vehicles (EVs) by local Microfactories, today announced that Avinash Rugoobur, President of Arrival, will present at the BofA European Autos ...
The electric vehicle sector is largely having a strong day amid a renewed focus on the pending infrastructure legislation. The gains today come even with more headlines out of China on regulatory and financial hurdles. The latest development is that power cuts could disrupt the supply c...
Electrical vehicle stocks have seen some correction this year. The price of EV start-up Arrival (NASDAQ: ARVL) stock is down roughly 45% since its listing in March. Hyliion Holdings (NYSE: HYLN) stock price has fallen nearly 50% while Nikola (NASDAQ: NKLA) stock is d...
ELMS is on track to start with production this month for its class 1 vehicle, aiming for 1,000 units this year. The class 3 vehicle is expected to start production in 2H 2022. ELMS is expecting to have a near first-mover advantage at scale in its respective classes. Revenues o...
Rivian Automotive (RIVN) is looking to raise $5B to $8B in its IPO to value the electric vehicle maker as high as $80B, according to Reuters. The huge market cap being suggested could be a windfall for Ford (NYSE:F) and Amazon (NASDAQ:AMZN), but is drawing comparisons to the smaller valuation...
Arrival moves closer to production, with more demos and test trials occurring as microfactories in Rock Hill and Bicester move closer towards completion. 59,000 units in non-binding orders and LOIs hints that the company could be able to meet early growth targets in 2022, while doubts...
The shortage in the U.S. auto industry continues with August inventory down ~58k units from the end of July to 1.06M units. Bank of America notes that inventory level works out to 20 days supply of autos, which is roughly 63% below the 5-year average of 55 days supply Analyst John Murphy says...
Global electric car sales for July 2021 were up 94% YoY reaching 7.1% share, third best month ever. China sales rose 143% YoY reaching 15% share. EV market news - Biden outlines target of 50% EV sales share in 2030. UBS forecasts 25% EVs by 2025 and 60-70% by 2030. Musk says EVs at "i...
The number of SPACs has soared in 2020 and 2021 as investor demand soared, and deal volumes surged much higher. Average deal size is rising, and some companies have completed or agreed to mergers at valuations above $10 billion. SPACs provide some key advantages to companies compa...
Electric vehicle and autonomous driving stocks are gaining to start the day as investors show an interest in startups. The gains are led by Canoo (GOEV +15.1%). Other stocks trading up include Proterra (PTRA +6.9%), Arcimoto (FUV +3.9%), Hyliion (HYLN +3.6%), Romeo Power (RMO +10.5%),...
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