Securities and Exchange Commission
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Autonomous Vehicles
Coming attractions: 2 autonomous trucking companies begin trading in November
Aurora Innovation and Embark Trucks will soon join TuSimple Holdings as stocks betting on the future of driverless trucks.
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Top Stories
Lordstown Motors may sell its plant to Taiwan’s Foxconn for $230M
Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.
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Electric Trucks
Nikola doubles equity-for-credit line to $600M
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
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Electric Trucks
Workhorse halts electric van deliveries, says NHTSA filings unreliable
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
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Electric Trucks
Workhorse Group latest electric truck maker under SEC scrutiny
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
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Electric Trucks
Slumping battery startup Romeo Power pays big to secure cell supply
Romeo Power locks in cell supply for its commercial batteries, paying a big price to assure it can answer demand from truck manufacturers.
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News
Whittling away: Indicted Nikola founder dumps 7M more shares
Just as his former company distances itself from him, indicted Nikola Corp. founder Trevor Milton continues to reduce his stake.
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Truck Talk
Truck Talk: Crystal ball gazing edition
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
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News
Fuel cell truck maker Hyzon Motors’ shares drop 20% in market debut
Hyzon Motors, the fuel cell electric truck maker, has $550 million to invest in production, R&D, and hydrogen making for trucks and buses.
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Autonomous Vehicles
PACCAR, Volvo invest in self-driving tech company Aurora’s $10.6B SPAC
Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
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