Status: Clearance Acquirer: Foxconn Ventures Pte. Ltd. (Singapore); Hon Hai Technology Group (Taiwan) Acquired: Lordstown Motors Corp. (United States) Value: $52.7 Million (Initial Closing) and approximately $47.3 Million (Second Closing) Industry Tags: Electric Vehicles… Continue Reading
Status: Clearance Acquirer: Public Investment Fund (Saudi Arabia) Acquired: Lucid Group, Inc. (U.S.) Value: $200 million Industry Tags: Electric Vehicles… Continue Reading
Electric vehicles (EV) will soon get a boost in power and energy due to a relatively new cathode material known colloquially as NMC for its nickel-manganese-cobalt oxide chemistry. Battery experts predict NMC will, in the immediate future, replace the currently commercially used cobalt oxides and nickel-cobalt-aluminum oxides in EV and many other electronic applications. While … Continue Reading
