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

Green Car Congress

battery-electric truck to commercial fleet customers focused on urban delivery—a critical and high-growth segment of the overall commercial truck market for delivery-dependent urban areas. McCarthy Tétrault LLP and Fox Williams LLP are serving as legal counsel to ElectraMeccanica in connection with the proposed transaction.

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

Green Car Congress

The transaction proceeds will accelerate production, allow Nikola to break ground on its manufacturing facility in Coolidge, Arizona, and begin its hydrogen station infrastructure roll out. Cowen is serving as financial and capital markets advisor, and Greenberg Traurig, LLP is serving as legal advisor to VectoIQ.

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Following Milton indictment, Nikola reports earnings beat with production updates

Teslarati

While Milton is currently free on bail and will await trial in Manhattan, New York, Nikola moves on without its founder, aiming to bring production-ready vehicles to the market after several years of shortcomings and not-so-honest updates. Trevor Milton’s legal team releases statement after Nikola founder indicted for fraud.

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Rivian IPO: What you need to know

Teslarati

And based on filings with the Securities and Exchange Commission (SEC), Rivian is looking to enter the public markets in a big way — and it is setting its ambitions very high. Such a valuation is ambitious , as it would make Rivian’s market cap just a bit lower than veterans such as General Motors ($84.82 Target Valuation.

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Pedestrian Trapped Under Cruise Vehicle in San Francisco

The Truth About Cars

The incident took place in San Francisco (Fifth Avenue just south of Market Street) and has already become the subject of some rampant speculation as the company hopes to avoid another public relations nightmare. But the courts decided it couldn’t be held liable after Arizona prosecutors decided not to go after the company in 2019.