EV

First Energy Metals continues to release drilling results from its Augustus Lithium Project in the Abitibi region of Quebec that validates historical drilling from the 1950s of lithium oxide (Li2O) grades in the 1-2% range. [more]

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]

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 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]

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]

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]

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]

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]