The competition in electric vehicles comes down to one thing: batteries. To better understand who’s employing the best batteries on its cars — and how much they’re spending to do it — analysts at the investment bank UBS compared seven cells from all major manufacturers, including Tesla and its suppliers, as well as those for […]
Electric vehicle makers find a back door to Wall Street
Steve Burns pulled together several pieces of a business venture over the last year: His company, Lordstown Motors, designed an electric pickup truck, acquired a plant and machinery from General Motors, and racked up thousands of orders. Yet Burns was still struggling to raise enough capital. This month, he nailed down that critical piece by […]
Wall Street pushes for GM to spin off its electric vehicle business
Pressure is mounting from Wall Street for General Motors to spin off its electric vehicle business. The spin-off company could be worth between $20 billion to $100 billion, according to Deutsche Bank. GM CEO Mary Barra last month said “nothing is off the table” when it comes to the company unlocking shareholder value. Pressure is […]