eResearch

Lightning eMotors deal with Forest River ECV

Shares of Lightning eMotors up 89% after signing $850M deal with Berkshire Hathaway-backed Forest River but Stock Retreats just as Fast

August 25, 2021 Chris Thompson

Lightning eMotors, a leading supplier of specialty commercial electric vehicles for fleets, signed an $850 million strategic partnership deal with Forest River, a Berkshire Hathaway company and North America’s largest shuttle bus manufacturer. With this deal, Lightning eMotors plans to deploy up to 7,500 zero-emission shuttle buses in the UK and Canada by 2025. [more]

Lucid Motors Completes Merger with Churchill Capital Corp SPAC to List on NASDAQ

August 12, 2021 Israel Pinheiro

With significant expertise in the automotive and technology industries Lucid Motors merges with a SPAC from Churchill Capital, and raises $4.4 billion to boost its growth and manufacturing capacity to launch its EV later this year. [more]

Magna to Buy Driver-Assist Software Supplier Veoneer for $3.8B

July 23, 2021 Israel Pinheiro

Magna acquires Veoneer for $3.8 billion in cash. The combination of the two businesses and the addition of relevant engineering and software expertise, reinforce its portfolio and industry position. [more]

EV Car Supplier ABC Technologies IPO’s

February 26, 2021 Michael Lacasse

After five years under Cerberus Capital Management‘s control, automotive part manufacturer ABC Technologies goes public. Following the offering, Cerberus should retain ~76% of the company. ABC is a pioneer in molding technologies especially in the auto industry. [more]

Electric Vehicle Market Showed Quarterly Decrease in Sales Growth While Manufacturers Continue to Develop and Launch New Models

January 26, 2021 Jay Yi

The EV market is experiencing high activity as more EV-focused companies list publicly, expand product offerings, and create partnerships. However, EV sales growth has significantly declined in the past year. [more]

Electric Pickup Truck Manufacturer Lordstown Motors Goes Public on the NASDAQ with a $3.1B Valuation

December 9, 2020 Jay Yi

Lordstown Motors, an EV start-up based in the U.S., listed publicly on the NASDAQ through a merger with DiamondPeak. Lordstown’s stock has increased by 39% since it started trading publicly last month. [more]

Vehicle Electrification Provider XL Fleet to List Publicly on the NYSE at $1B Valuation

October 22, 2020 Jay Yi

Last month, XL Fleet, a provider of vehicle electrification solutions, announced plans to go public through a merger with Pivotal Investment Corporation II, a special purpose acquisition company. [more]

Canadian Bus Manufacturer Grande West Poised to Enter the EV Space with Launch of its First Electric Bus

September 23, 2020 Caitlin Cheadle

eResearch spoke with CEO William Trainer and VP of Corporate Development & Director John LaGourgue about the Company’s upcoming growth initiatives, including the launch of its new electric Vicinity model, and its plans to expand its presence in the U.S. market. [more]

Will Tesla’s Battery Day be a Boon for Manganese Stocks

September 16, 2020 Chris Thompson

Rumors of a revamped nickel-manganese-cobalt (“NMC”) battery with more nickel & manganese could fuel demand for nickel and manganese. Join Tesla’s battery day webcast on September 22 to hear all of the latest developments. [more]

Nikola’s Stock Price Drops by 15% After Short-Seller Activist Hindenburg Accuses of Misinformation and Fraud

September 15, 2020 Jay Yi

According to a report by Bloomberg News on Monday, Nikola is currently under investigation by the SEC for false claims brought to light by Hindenburg Research, an activist short-seller research firm, who accused Trevor Milton, founder of Nikola, of fraud related to misinformation on Nikola’s technological capabilities and product offerings. [more]