Russian tech giant Yandex is moving to acquire the Israeli e-scooter ride-sharing company Wind, thereby expanding its portfolio in the country. Yandex announced last week that the deal is expected to be concluded by the end of the week. The specific terms of the deal remain undisclosed.
Currently, Wind operates...
EV maker Tesla Inc revealed on Saturday its electric vehicle delivery figures for the third financial quarter, significantly exceeding experts' estimates. As Elon Musk urged staff to "go super hardcore" in their Q3 sales push, Tesla deliveries surged by 20% in the period of July to September, thus marking...
Rivian Automotive lost nearly $1 billion in the first half of the year, as was disclosed by the company's IPO filing as shown on Friday. The electric vehicle maker, which is backed by both Amazon.com Inc and Ford, has engaged in an aggressive production strategy, ramping up manufacturing...
Ford Motor Co announced on Tuesday that it will now require all US-based employees to submit their vaccination status against COVID-19. With a deadline of October 8th, this requirement is mandatory for both salaried and hourly employees.
The company has decided to take a stricter approach to health guidelines after...
Electric vehicle startup Rivian has announced its decision to open a service support operations facility in Plymouth, Michigan, as deliveries for the company's launch edition of the R1T pickup are expected to begin later in the month. This comes after the Midwestern automaker decided to launch its initial public...
General Motors Co's venture capital arm has decided to invest in Oculii, a startup aimed at making software for radar sensors in self-driving cars. The news was announced by Oculii co-founder Steven Hong.
According to Reuters, this investment will give GM the opportunity to use Oculii's software to upscale the...
Fintech company Ideanomics revealed on Monday that it's pursuing the acquisition of VIA Motors International Inc in an all-stock deal worth approximately $630 million. As part of the deal, Ideanomics will be offering 62 million shares to shareholders of VIA Motors International, with the latter entity expected to own...
The Saudi Arabian sovereign wealth fund, Public Investment Fund, decided to purchase a minority stake in Italian supercar maker Pagani, the latest move in the Gulf nation's attempt to enter the auto manufacturing space.
Founded by Italian-Argentine entrepreneur Horacio Pagani in 1992, Pagani has referred to the Public Investment Fund...
Electric vehicle charging company ChargePoint recently announced its acquisition of electrification solution provider ViriCiti for 75 million euros ($87.86 million); a move that will see the company advance its expansion efforts into Europe.
Following the announcement, ChargePoint Chief Executive Officer Pasquale Romano made the following statement: "The future of fleets...
The industrial safety department of the Indian state of Tamil Nadu conducted an investigation of Renault-Nissan's India plant, in order to determine if the facility was indeed complying with the state's coronavirus safety guidelines. According to Reuters, the state released a report in which it concluded that the Renault-Nissan...