Remove Arizona Remove Companies Remove Legal Remove Manufacturer
article thumbnail

LG Energy Solution is re-evaluating its $1.3B battery plant investment in Arizona

Teslarati

As a result of unprecedented economic conditions, South Korean battery manufacturer LG Energy Solution Ltd. billion investment plan for a factory in Arizona. billion battery production facility in Arizona three months ago. .” However, the company noted in the filings that nothing has been decided yet.

Arizona 98
article thumbnail

ElectraMeccanica and Tevva to merge; targeting electric commercial trucks in UK, Europe and US

Green Car Congress

ElectraMeccanica , a designer and assembler of electric vehicles, and Tevva , a manufacturer of electric medium- and heavy-duty commercial vehicles, have entered into a definitive agreement, pursuant to which ElectraMeccanica and Tevva have agreed to combine by way of a British Columbia statutory plan of arrangement.

article thumbnail

Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

Green Car Congress

to create a company focused on the development of next generation smart transportation. Nasdaq:VTIQ) is a $230-million publicly traded Special Purpose Acquisition Company (SPAC) formed for the purpose of effecting a merger, acquisition or similar business combination within 24 months of its IPO, which was completed 18 May 2018.

Hydrogen 397
article thumbnail

Tesla’s war against direct sales wages on with big win in Virginia

Teslarati

This decision goes against the wishes of the Virginia Automobiles Dealers Association (VADA), which will not plan a legal challenge. The three stores have not had their locations finalized, the company said. Tuesday, Virginia DMV Commissioner Richard Holcomb stated Tesla is now eligible to open the three sales locations in the state.

Virginia 145
article thumbnail

Following Milton indictment, Nikola reports earnings beat with production updates

Teslarati

Following the indictment of former CEO and company founder Trevor Milton, Nikola Motor Corp. The company also gave several updates regarding the production of its Nikola Tre EV and Hydrogen Fuel Cell vehicles. Trevor Milton’s legal team releases statement after Nikola founder indicted for fraud.

article thumbnail

California DMV Suspends Cruise Driverless Vehicle Permits

The Truth About Cars

This represents a major victory for the Alphabet-owned Waymo, as it’s now the only company within the state that’s legally allowed to offer robotaxi services. Some of those issues overlap with the hurdles Waymo had to overcome while testing in Arizona. The California DMV seems unconvinced, however.

article thumbnail

Rivian IPO: What you need to know

Teslarati

Morgan currently stand as Rivian’s underwriters for the company’s debut. billion) and Ford Motor Company ($79.65 If Rivian’s shares end up selling at the top of their marketed range, the company could make history as the seventh-biggest US IPO on record, according to Bloomberg. Rivian Automotive Inc.