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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The merger between Polestar and Gores Guggenheim (NASDAQ: GGPI ) is expected to happen in the first half of 2022. Since the Swedish electric vehicle (EV) manufacturer announced its merger with the special...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gores Guggenheim (NASDAQ: GGPI ) is a special purpose acquisition company (SPAC) that has announced a deal: it intends to buy Polestar , an electric vehicle (EV) firm based out of Sweden. As investors warmed up to ...
The European Union is planning to ban combustion engine cars by 2035, but that may have some knock-on effects on employment across the bloc. In a recent survey of the European Association of Automotive Suppliers, CLEPA, PwC found that the speed of the energy transition would put half a millio...
Global electric car sales for Oct. 2021 - Up 70% YoY, reaching 8.8% share. China sales up 113% YoY to 16% share. Europe sales up 26% YoY to 23% share. EV market news - Greece banning fossil-fuel cars from 2030. Biden signs Infrastructure Bill that includes $7.5 billion to build about ...
NIO's November deliveries reached a record of 10,878 units, pushing just above September's high as the manufacturer regained momentum. Q4 is expected to see ~23,500 to 25,500 units delivered, representing flat q/q growth in a relatively lackluster end to FY21. FY22 is expected to ...
A brief reminder of the 8 EV trends from my June 2021 article, most of which continue to play out. The latest EV, battery, and EV metals trends as of October 2021. Bloomberg states: "The electric vehicle invasion is already here." 2021 electric car sales are looking like being 100...
The U.N. climate talks in Glasgow, known as COP26, are continuing this week, with many of the parties looking for concrete pledges to combat the damaging effects of climate change. It's a trend that's been seen since the 2015 Paris Agreement to curb warming at 1.5 degrees Celsius above pre-in...
Global electric car sales for Sept. 2021 - Up 98% YoY, a record 10.2% share. China sales up 171% YoY to 20% share. Europe sales up 42% YoY to 23% share. EV market news - UK car sales plunge but EVs soar to record amid fuel crisis. UK boosts support for EVs. China's EV sales expected t...
Volvo Cars will offer shares at 53 Swedish Kroner ($6.17) each, at the low end of its IPO target range. The price would value the automaker at $18B, well below the $23B that the company had hoped to reach and the $25B that analysts thought was possible. The valuation underscores the fact that...
Volvo Cars confirms that it will undergo an initial public offering as the company returns to the Nasdaq Stockholm Stock Exchange after 2 decades of being owned by other automakers. China’s Zhejiang Geely Holding Group Co will offer shares at 53 to 68 Swedish kronor each ($6.30 to $8.0...