Company Updates

Mercedes to do away with some existing models to focus on EVs

Mercedes to do away with some existing models to focus on EVs

Luxury automaker Mercedes-Benz has confirmed that it will do away with some coupes and convertibles to be able to focus on designing and developing zero-emissions vehicles.

Fastned raises €150 million though accelerated bookbuild offering to qualified investors

Fastned raises €150 million though accelerated bookbuild offering to qualified investors

Pushing ahead with its expansion plans, European EV fast-charging network developer Fastned has successfully raised €150 million though an accelerated bookbuild offering to qualified investors.

Amazon teams up with Mahindra Electric to strengthen electric mobility in India

Amazon teams up with Mahindra Electric to strengthen electric mobility in India

Pushing ahead with its commitment to strengthen its electric vehicle (EV) fleet across the growing market of India, the local arm of American e-commerce giant Amazon Incorporated has teamed up with

Ford to invest $1 billion to transform Cologne car manufacturing plant into EV facility

Ford to invest $1 billion to transform Cologne car manufacturing plant into EV facility

American auto giant Ford Motor Company will invest $1 billion to transform and modernize its Cologne car manufacturing facility into an electric vehicle (EV) factory as part of its plans to sell on

Electric snowmobile maker Taiga Motors goes public via SPAC deal; raises $100 million

Electric snowmobile maker Taiga Motors goes public via SPAC deal; raises $100 million

Taiga Motors, a Canadian EV startup working to bring to market all-electric snowmobiles and jet skies, has raised $100 million in the process to go public through a special purpose acquisition comp

Ford terminates EV joint venture plans with China’s Zotye Automobile

Ford terminates EV joint venture plans with China’s Zotye Automobile

American automobile giant Ford Motor Company has announced that it has terminated plans to launch an electric vehicle (EV) joint venture in partnership with Chinese car manufacturer Zotye.

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