Electric vehicle (EV) startup Faraday Future has announced it is close to securing an agreement that would see it go public through a reverse merger with a special purpose acquisition company (SPAC). Faraday CEO Carsten […]
Faraday Future, a California based electric vehicle startup first founded in 2014, has applied for and recently received a large government loan to keep it afloat during the COVID-19 pandemic. The loan, which was received […]
The founder and former CEO of Faraday Future, Jia Yueting, has filed for Chapter 11 bankruptcy in court in Delaware in an attempt to satisfy his long list of debts in China. The former Chinese […]
The US-based Electric Last Mile Solutions filed for Chapter 7 bankruptcy. The move comes as the company is under a probe from the US Securities and Exchange Commission over prior filings and compliance with the […]
In an attempt to help fund its future in electric vehicles (EVs), Volkswagen Group is reportedly considering an initial public offering (IPO) of Porsche. Citing confidential sources at VW, Manager Magazin reported the deal could […]
As Lucid Motors nears the release of its first luxury electric vehicles (EVs), its is reportedly close to going public through a merger with a special purpose acquisitions company (SPAC). Last month we reported that […]
Continuing a popular trend from 2020, Lucid Motors is considering going public through a merger with a special purpose acquisitions company (SPAC). The potential deal would see Lucid team up with one of Michael Klein’s […]
The latest craze in the electric vehicle (EV) market appears to be for companies that has yet to manufacture and sell a single EV to go public through a reverse merger at a ridiculous valuation. […]
