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Nikola Corporation to Acquire Battery Pack Company Romeo Power

Electric Cars Report

Nikola Corporation and Romeo Power have entered into a definitive agreement in which Nikola will acquire the battery supplier in an all-stock transaction. The proposed exchange ratio implies a consideration of $0.74 The proposed exchange ratio implies a consideration of $0.74

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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

Green Car Congress

QuantumScape Corporation, a developer of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp., a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company.

Companies 468
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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. SPACs, which raise money through an IPO for the purpose of acquiring an existing company, have existed for decades, but have surged recently.

Fleet 448
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TRI-AD, Maxar Technologies, NTT DATA collaborate to build high-definition maps for autonomous vehicles from space

Green Car Congress

(TRI-AD), Toyota’s automated driving software development company; Maxar Technologies Inc., Example of high definition map for automated driving from satellite imagery. In this proof of concept, the three companies will work together to process satellite imagery into vehicle-friendly HD maps.

Building 288
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Lightning eMotors delivers first all-electric motorcoach to ABC Companies; order for 200 ZEVs

Green Car Congress

Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. —Roman Cornell, president and chief commercial officer of ABC Companies. —Roman Cornell.

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Daimler Truck and Toyota to partner on advanced technologies, merge Mitsubishi Fuso and Hino Motors

Green Car Congress

Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors Ltd. Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.

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Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.

Europe 395