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

Proterra Files For Chapter 11 Bankruptcy Protection

Electric Cars Report

Commercial vehicle electrification company Proterra filed for Chapter 11 bankruptcy protection on Monday. The decision to file for bankruptcy was made on a voluntary basis within the jurisdiction of the District of Delaware, where the company is legally incorporated.

article thumbnail

Proterra files for Chapter 11

Green Car Congress

Proterra has voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale. As a result of the filing, Proterra cancelled its scheduled earnings conference call on Wednesday.

Delaware 150
article thumbnail

Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

The litigation accuses Foxconn of fraud and willful and consistent failure to live up to its commercial and financial commitments to Lordstown. Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel.

Motor 150
article thumbnail

Johnson Controls files petition to dissolve Li-ion battery JV with Saft

Green Car Congress

JCI) has filed a petition with the Delaware Court of Chancery to dissolve Johnson Controls-Saft Advanced Power Solutions LLC (JCS), the automotive Li-ion battery joint venture between Johnson Controls and Saft. Neither Johnson Controls-Saft, nor any of its subsidiaries, are an active party to the legal action. Johnson Controls, Inc.

Li-ion 218
article thumbnail

EV maker CODA files for Chap. 11 bankruptcy; restructuring business around energy storage

Green Car Congress

has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energy storage based on its Li-ion battery systems. CODA’s legal advisor in connection with the restructuring is White & Case LLP.

article thumbnail

Tesla has installed the Powerwall 250,000 times

Teslarati

In the company’s most recent Shareholder Deck from the Q3 2021 Earnings Call, Tesla stated that its energy storage deployments had increased 71% Year-Over-Year in Q3, with the larger and more commercial Megapack being the main contributor of the growth.