Lucid Motors Strikes SPAC Deal To Go Public With $24 Billion Valuation
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp., in the largest deal yet between a blank-check company and an electric vehicle startup. The combined company, in…
Indian Territory Looks To Taiwan For Electric Vehicle Investment
The Indian territory of Puducherry wants Taiwanese investors to turn it into a regional center for electric vehicles, reports Taiwan News media The request comes as Taiwan is making international headlines for its production of automotive semiconductors during a global…
Ford, Mahindra Call Off Auto Joint Venture
Ford Motor Co said it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes…
Aston Martin Gets Access To Mercedes EV Tech In Exchange For Bigger Stake
Mercedes-Benz will increase its stake in Aston Martin to up to 20 percent from 2.6 percent as part of an expanded technology partnership between the automakers. Aston Martin will get access to advanced Mercedes technologies, including next-generation hybrid and electric…
