ThursdayMar 04, 2021 2:45 pm

EV Maker Lucid to Go Public after Completing $12B Deal

Lucid Motors, an American manufacturer of electric vehicles (“EVs”), is set to go public after completing a merger with Churchill IV Capital Corp. (NYSE: CCIV). The merger deal is worth $11.75 billion. The EV maker is run by Peter Rawlinson, who formerly worked as an engineer for Tesla Inc. (NASDAQ: TSLA). Lucid comes as the most recent EV maker to enter the IPO market at a time when investors are flocking to the electric vehicle sector after seeing the way in which the shares of Tesla have surged in the recent past. Another factor that is accelerating investor interest in…

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WednesdayMar 03, 2021 1:45 pm

Solid-State Batteries Could Revolutionize EV Industry

Poised to take over the roads over the next few decades, battery electric vehicles (“BEVs”) run on clean energy and produce zero emissions at the tailpipe. The vehicles are powered by rechargeable lithium-ion (Li-ion) battery packs, similar to the batteries you see in electric appliances such as torches. EV makers and automakers are working round the clock to improve current li-ion designs to make them cheaper and more energy-dense. Although the technology is still quite young, some battery makers are looking to achieve something even more advanced, the solid-state battery. Traditional Li-ion batteries consist of solid anodes within a liquid…

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WednesdayMar 03, 2021 11:20 am

Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Investee Company PowerTap Teams with Carbonomics to Build Credits Pathway

Holding company Clean Power Capital Corp.’s investee PowerTap, a hydrogen fueling innovator, has teamed with carbon energy credits expert Carbonomics to develop and maximize the company’s ability to use clean energy credits PowerTap is driven to establish a “hydrogen highway” for environmentally conscious motorists looking for an effective alternative fuel Clean Power Capital is a majority investor in PowerTap — a key part of Clean Power’s focus on building up health and renewable energy enterprises PowerTap’s next-generation hydrogen stations are also capable of generating electricity to help them continue to pump fuel during a power outage or even potentially power…

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TuesdayMar 02, 2021 12:00 pm

Aptera Receives 7,000 Preorders, $4M for 1,000-Mile-Range Solar EV

Last year, US-based EV startup Aptera caused waves when it unveiled its prototype for a lightweight, super-efficient electric vehicle (“EV”) with a range of up to 1,000 miles. After folding back a bit, Aptera relaunched in 2020, revealing plans for a three-wheeled electric vehicle it claimed would never need charging, thanks to a solar array. Two months later, the San Diego, California, firm has raised $4 million in funding and received more than 7,000 reservations. Aptera was one of the first startups in the EV space back in 2006 when Tesla was still working on the iconic Tesla Roadster. However,…

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MondayMar 01, 2021 2:25 pm

Study Shows EV Drivers Travel Less Than Other Drivers

Electric vehicles (“EVs”) are fundamentally different from conventional vehicles, running on a rechargeable battery pack rather than an internal combustion engine. New research has now uncovered that, compared to the average driver, EV drivers may also have different driving habits. At least according to a study of EV driving habits by researchers at the National Bureau of Economic Research (“NBER”). The researchers discovered that compared to conventional gas-powered vehicles, electric vehicles drive half as many miles per year. EV drivers put roughly 5,300 miles every year on their cars, half as many miles as the average driver travels per year.…

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