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

Teslarati

billion investment plan for a factory in Arizona. billion battery production facility in Arizona three months ago. ” The battery maker did not specifically mention its plans for the Arizona plant, but an LGES spokesperson stated that the company would be reevaluating its investment in the facility.

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

Green Car Congress

The attending members of the Boards of Directors of both companies unanimously approved the proposed transaction. Since Tevva’s founding more than ten years ago, we have focused our engineering and product development capabilities on developing a portfolio of zero-emission commercial vehicles that have generated significant customer interest.

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E Paper License Plates Now Street-Legal in California

Cars That Think

2022 : The “Kindle” of license plates— Reviver ’s connected, digital RPlate —is now legal for use by any California car-owner, following a 10,000-car pilot that started in 2018. Outside of California, the device has been approved for use by commercial fleet vehicles in Michigan, Arizona, and Texas, and 10 additional U.S. Update 14 Oct.

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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.

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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.

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Judge rules against Tesla insurance over ‘inflated’ premiums

Teslarati

Tesla Insurance will face a class-action lawsuit alleging that the company charged drivers too much for premiums by using “false” crash warnings, after a California judge ruled against the automaker this week. A Tesla spokesperson and the insurance arm’s legal team have not responded to requests for comment.

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Nikola Corp. agrees to pay $125 million penalty to SEC

Teslarati

The Securities and Exchange Commission charged Milton for using his social media accounts, especially his Twitter page, to mislead investors regarding the progress of the company’s products. The company also said it would seek reimbursement from Milton for costs and damages related to the investigation and subsequent penalty.

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