California-based electric car start-up Canoo is looking to raise around 52.5 million dollars through share sales at a steeply discounted rate. Agreements with several investors have already been reached, but the deals have yet to be completed. Investors will pay 1.05 dollars per share, a 16 per cent discount from Friday’s closing price. Each share […] More…

Recharge Industries is close to acquiring the assets of insolvent battery start-up Britishvolt. According to the accounting firm EY, which is in charge of the insolvency administration, the deal is expected to be completed within the next seven days. Citing a publication by auditing firm EY, several media outlets report that Australian company Recharge Industries […] More…

Faraday Future announced that it received 135 million dollars in financing commitments in the form of convertible secured notes – enough to kick off production of its FF 91 model at the end of March. If all funds are received as planned, first units could be delivered as soon as early April, Faraday says. Moreover, […] More…

The Chinese carmaker Great Wall Motors (GWM) announced three new Sales and Service Centers for its Ora brand in the UK in Belfast, Chorley, and Exeter. The first showroom to feature the Ora model will be the Charles Hurst Group in Belfast that will open its doors on 6 March. The other two locations will […] More…

Elke Temme, who leads the Charging and Energy business unit at VW, is stepping down for personal reasons. She will be taking a three-month sabbatical, after which she will be available to the Volkswagen Group part time until the end of the year. Giovanni Palazzo, President and CEO of Electrify America, will be taking over […] More…