The company needs to focus on profitable products and the Mustang Mach-E promises to be one of them.
Source: Electric Vehicle News
Tesla Showroom In Berlin Vandalized By Unknown People
What could have prompted them to break the Tesla location’s windows, doors and damage one vehicle on display inside?
Source: Electric Vehicle News
Rivian Releases New Video: How Much Has The R1T Improved?
Check out Rivian’s progress from Patagonia to LA to the present.
Source: Electric Vehicle News
Volkswagen Shares Interesting ID.4 Ad Planned For NFL Wild Card Game
Can we say VW must be serious about EVs if it’s making ads for high-profile NFL games?
Source: Electric Vehicle News
Tesla Model Y aces crash test, watch impressive NHTSA video
Tesla Model Y has aced its NHTSA crash and safety test, obtaining a 5-star safety rating in the process.
You can watch watch the impressive crash test video below.
The post Tesla Model Y aces crash test, watch impressive NHTSA video appeared first on Electrek.
Source: Charge Forward
BrightDrop Will Bring Electric Delivery To FedEx In 2021
GM surprises at CES 2021
Source: Electric Vehicle News
Tesla (TSLA) incorporates Indian company amid rumors of a local factory
Tesla has incorporated a new Indian business unit ahead of an upcoming launch in the important South Asian market.
There are also rumors of Tesla building a factory in India.
The post Tesla (TSLA) incorporates Indian company amid rumors of a local factory appeared first on Electrek.
Source: Charge Forward
EV manufacturer Proterra to go public through merger with ArcLight Clean Transition
Proterra is best known as an electric transit bus OEM, but it has branched out into providing electric powertrain solutions to other vehicle manufacturers and turnkey charging and energy management solutions to fleets.
The company has long been considered a likely candidate for a public share offering, and now it has announced that it will go public through a transaction with a special purpose acquisition company (SPAC) called ArcLight Clean Transition (Nasdaq: ACTC). Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA.
The transaction, which is expected to close in the first half of 2021, represents an enterprise value of $1.6 billion for Proterra. Jack Allen, Proterra’s Chairman and CEO, will continue to lead the company, and Jake Erhard, CEO of ArcLight, will join Proterra’s board.
Proterra is expected to report around $193 million in revenue for 2020, and says it has $750 million worth of orders on its books. Upon completion of the transaction, the company expects to have up to $825 million in cash to fund various growth initiatives.
The announcement caught many in the stock-market chatterverse by surprise. The word on the street was that Proterra would go public through a deal with a SPAC called Qell. Former Proterra CEO Ryan Popple is a member of Qell’s board, and Qell’s CEO, Barry Engle, is a former President of GM North America who has expressed a strong interest in e-mobility.
“After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets,” said Proterra CEO Jack Allen. “This transaction enables Proterra to take the next step towards our mission of advancing EV technology to deliver the world’s best-performing commercial vehicles. In addition, it introduces a partner in ArcLight that has a shared focus on sustainability and renewable energy.”
Source: Proterra
Source: Electric Vehicles Magazine
Let LeBron James Show You Around The GMC Hummer EV Edition 1
Based on what he says in the video, he sounds like one of the many celebrities who will buy a new electric Hummer.
Source: Electric Vehicle News
GM Releases New Teaser Video & Images Of Upcoming Cadillac Celestiq
Today at CES, Cadillac offered a peek at the upcoming, all-electric Celestiq show car.
Source: Electric Vehicle News