Uber is in talks with German automakers Daimler AG and BMW AG to acquire their ride-hailing joint venture FreeNow, as reported by Bloomberg. If this deal goes through, Uber can significantly improve its market share in Europe, as FreeNow operates in more than 100 European cities.
A FreeNow buyout would be another high-profile deal for Uber, following its agreement to acquire Middle East-based ride-hailing company Careem for $1.7 billion, finalized earlier this year.
This has been a major...
Nikola Corp. (NASDAQ: NKLA) will break ground on a plant in Coolidge, Arizona, on July 23 that initially will employ 2,000 workers building battery-electric Class 8 trucks.
Nikola Executive Chairman Trevor Milton on Friday. The plant, which is expected to take 12-18 months to construct, eventually will build 35,000 battery and hydrogen fuel cell electric trucks annually, a Nikola spokeswoman said.
The startup, which became a publicly traded company via a reverse merger on June 4, is competing...
https://s29755.pcdn.co/news/nikola-sets-arizona-plant-groundbreaking-for-july-23
Mobility technology platform Wunder Mobility announced the launch of the Wunder Vehicles product in an exclusive business-to-business (B2B) agreement with Yadea, a Chinese light electric vehicle (LEV) manufacturer. In this partnership, Yadea will guarantee the supply of LEVs for Wunder Mobility, as it attempts to introduce its line of vehicles for clients that struggle to source vehicles for their fleets.
Wunder Mobility has long remained a mobility partner to companies and governments,...
https://s29755.pcdn.co/news/wunder-mobility-launches-line-of-light-electric-vehicles