electric vehicle

Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif. The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

Ed Ludlow and Crystal Tse | Bloomberg News
January 22, 2021
Business, Technology, Fuel

EV Mania Propels Record Legacy Automaker Gains in 2021

A GM Chevrolet Bolt electric vehicle charges outside the company's headquarters in Detroit. A GM Chevrolet Bolt electric vehicle charges outside the company's headquarters in Detroit. (Jeff Kowalsky/Bloomberg News)

Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.

Esha Dey | Bloomberg News
January 21, 2021
Business, Technology, Fuel

GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility

GM CEO Mary Barra talks with reporters following a meeting with lawmakers at the U.S. Capitol in June 2019. GM CEO Mary Barra talks with reporters following a meeting with lawmakers at the U.S. Capitol in June 2019. (Chip Somodevilla/Getty Images via Bloomberg News)

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

David Welch | Bloomberg News
January 20, 2021
Government, Business, Technology, Fuel

Spending on Global Energy Transition Hits Record $500 Billion

An employee holds an electric charging plug at a refueling site in Hanover, Germany. (Alex Kraus/Bloomberg News)

The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.

Josh Saul and William Mathis | Bloomberg News
January 19, 2021
Business, Technology, Fuel

Rivian Reportedly Reaches $27.6 Billion Value on New Funds

Rivian's R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News) Rivian's R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)

Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.

Ed Ludlow | Bloomberg News
January 19, 2021
Business, Technology, Fuel

Hunt for the Next Tesla Fuels Wave of EV Deals

A Tesla Model S vehicle sits parked on a road near the company's Gigafactory building site in Germany in September 2020. A Tesla Model S vehicle sits parked on a road near the company's Gigafactory building site in Germany in September 2020. (Alex Kraus/Bloomberg News)

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.

January 12, 2021
Business, Technology, Logistics

GM Announces New Electric Delivery Van, Electric Pallet

GM's EV600 electric van is already being tested with FedEx, representatives said. (General Motors via AP) GM's BrightDrop EV600 electric van is already being tested with FedEx, representatives said. (General Motors via AP)

The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it.

Tom Krisher | Associated Press
January 12, 2021
Business, Technology, Fuel

Daimler Trucks-Backed Proterra to Go Public Through ArcLight SPAC

The Van Hool CX45E electric coach, powered by a 676 kWh Proterra battery. (Van Hool) The Van Hool CX45E electric coach, powered by a Proterra battery. (Van Hool)

Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp.

Brian Eckhouse | Bloomberg News
January 12, 2021
Business, Technology

Lucid Motors Reportedly in Talks to Go Public

The Lucid Motors headquarters stands in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News) The Lucid Motors headquarters stands in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.

January 11, 2021
Business, Technology, Fuel

GM Changes Corporate Logo to Plug Its EV Strategy

GM's new logo keeps the blue box, but moves to lowercase script to appear more modern. GM's new logo keeps the blue box, but moves to lowercase script to appear more modern. (GM)

General Motors Co. is changing its corporate logo for the first time in 56 years, giving it a new lowercase script that is designed to look more modern.

David Welch | Bloomberg News
January 8, 2021

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