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Fisker invests in EV charging network Allego’s SPAC merger

Less than a year after its own SPAC merger, electric vehicle startup Fisker has turned investor to support EV charging company Allego.Fisker is investing $10 million in private-investment-in-public eq

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LG Chem will invest $5.2B in battery materials through 2025

South Korea’s LG Chem has earmarked ₩6 trillion ($5.2 billion) over the next four years to build out its battery materials business. The investment comes as automakers and state regulators set targets

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Auto giant Stellantis to invest €30B in electrification through 2025

Stellantis, the global automaker born out of a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, will invest €30 billion ($35.5 billion) in electric vehicles and new software o

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BMW and Ford-backed Solid Power will go public via SPAC merger in $1.2B deal

Solid Power, a solid-state battery developer backed by Ford and BMW, is going public. The company said Tuesday it would head to the NASDAQ via a merger with special purpose acquisition company Decarbo

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Volkswagen says a vendor’s security lapse exposed 3.3 million drivers’ details

Volkswagen says more than 3.3 million customers had their information exposed after one of its vendors left a cache of customer data unsecured on the internet.The car maker said in a letter that the v

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Swedish company Northvolt raises $2.75B to accelerate European battery production

Swedish battery developer and manufacturer Northvolt AB has raised $2.75 billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by 2030.The funding round &#

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Germany gives greenlight to driverless vehicles on public roads

Germany has adopted legislation that will allow driverless vehicles on public roads by 2022, laying out a path for companies to deploy robotaxis and delivery services in the country at scale. While au

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Chinese EV maker NIO is stepping outside of China for the first time

Chinese electric vehicle maker NIO has chosen a Norway — an EV hotspot — for its first foray into international markets. NIO Norway will offer a European version of ES8, NIO’s flagship electric SUV, t

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Volkswagen looks to electric vehicles, cost cuts for profit recovery

The new all-electric Volkswagen ID.4 is on display inside a dealership in Thousand Oaks, California, U.S., January 19, 2021. /CFP Volkswagen is confident that cost cuts will help it raise pro

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Volkswagen will bring 240 gigawatt hours of battery production capacity to Europe by 2030

Volkswagen AG is gearing up to seize the top spot as the world’s largest electric vehicle manufacturer with plans announced Monday to have six 40 Gigawatt hour (GWh) battery cell production plants in

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Polestar, ChargePoint introduce seamless charging in new partnership

A new alliance between Swedish electric performance automaker Polestar and EV infrastructure startup ChargePoint takes aim at the charging experience with the debut of an in-car app that will let cust

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Ford to go all electric in Europe by 2030

Ford today announced a new strategy for the European market that aims the automaker at primarily only selling electric vehicles by 2030. To do so, Ford intends to spend $1 billion to revamp a factory

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China leads auto industry recovery as sales top expectations

China's vehicle sales are likely to hit 25.3 million units this year, an industry body said on Friday, as the world's biggest vehicle market continued to lead the global auto industry recovery fro

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Tesla to join S&P 500 as largest-ever new member

A Tesla logo seen in Beijing, China, August 1, 2019. /VCG Elon Musk's rising electric car powerhouse Tesla reached another landmark Monday when it officially qualified for the prestigious SP 5

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Bentley is making the shift to an all-electric lineup

Bentley Motors, the ultra luxury automaker under VW Group, will only produce plug-in hybrid and all-electric cars starting in 2026 with an aim to drop all combustion engines in the next decade.The com

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GM posts first China sales growth in two years

Reuters General Motors has seen its China vehicle sales grow by 12 percent year on year in July-September as the market gradually recovered from the COVID-19 pandemic, marking its first Chines

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Here’s every angle of the all-electric VW ID.4 crossover that’s coming to America

Volkswagen unveiled Wednesday the ID.4, an all-electric crossover that’s part of the German automaker’s plan to sell 1 million EVs annually by 2025.The unveiling ceremony was virtual, but