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Stellantis Invests $2.1 Billion in Leapmotor To Grow EV Sales
Stellantis has made a substantial bet on Leapmotor by investing €1.5 billion (C$2.1 billion) in the Chinese new energy vehicle (NEV) manufacturer. The investment gives Stellantis approximately 20% equity in Leapmotor, and establishes the formation […]

Nikola Founder Trevor Milton Ordered to Pay $165 Million in Damages
Nikola Motor’s disgraced founder, Trevor Milton, has been ordered to repay the company $165 million in damages following an arbitration proceeding in New York. In December 2021, Nikola agreed to a settlement with the SEC, […]

Tesla files permit for new Supercharger in Whistler [British Columbia]
Tesla has filed a permit to build a new Supercharger station in Whistler, British Columbia. If the project gets approved this station will provide a much needed upgrade from the Urban (72kW) Supercharger in the […]

VinFast Gains Traction with 27 Dealers in US Expansion Efforts
VinFast is looking to dealers to help them establish a foothold in the US market. In a recent regulatory filing, the company revealed that it has successfully recruited 27 potential dealers across a dozen states. […]

SpaceX Selected by Canada’s MDA to Launch CHORUS Constellation
MDA Ltd., a technology and services provider to the global space industry based on Brampton, Ontario, announced Wednesday at the Earth Insight customer conference that it has selected SpaceX to launch CHORUS. The radar is […]

GM and Honda abandon plans to jointly develop affordable EVs
General Motors (GM) and Honda have announced they are no longer working together to jointly develop electric vehicles (EVs). The two companies announced the $5 billion partnership last year, aimed at producing affordable EVs that […]