CHINA, 13 June 2023: NaaS Technology Inc, a leading EV charging service company in China, has acquired 89.99% of Sinopower Holdings International Co. Limited, a […]
Category: Partnerships, Mergers and Acquisitions (M&A)
The electric vehicles (EV) industry is rapidly growing, and mergers and acquisitions (M&A) are becoming increasingly common. In 2022, there were over USD 100bn in EV-related M&A deals, up from just USD 10bn in 2021. This trend is expected to continue in the coming years, as companies look to consolidate their positions in the market and gain access to new technologies and resources.
Mullen, Phenix Truck partner to develop reliable light-weight EV truck body
CALIFORNIA, 12 June 2023: Mullen Automotive Inc, an emerging electric vehicle (EV) manufacturer, announced today that it has partnered with Phenix Truck Bodies & Van […]
General Motors, Tesla to collaborate on amazing charging standards
USA, 12 June 2023: General Motors (GM) and Tesla Inc have announced a collaboration to standardize electric vehicle (EV) charging in North America. The companies […]
ArcelorMittal, GM announce partnership to produce rare low-carbon steel
INDIANA, 8 June 2023: ArcelorMittal North America and General Motors (GM) have announced a supply agreement for sustainable XCarb steel. The steel will be made […]
Barrel Energy to acquire Titan X lithium project in Tanzania
LAS VEGAS, 8 June 2023: Barrel Energy Inc (OTC Markets: BRLL), a company focused on green energy and battery minerals, has signed an agreement to […]
New partnership between EnergyHub, EvoCharge expands EV charging options
NEW YORK, 6 June 2023: EnergyHub, the leading provider of distributed energy management systems (DERMS), has partnered with EvoCharge, a pioneer in electric vehicle supply […]
Penske expands Canadian presence with acquisition of Manitoba dealerships
MICHIGAN, 6 June 2023: Penske Automotive Group, a leading automotive and commercial truck retailer, has announced the acquisition of Transolutions Truck Centres (TSTC), a retailer […]
Vitesco, onsemi forge exclusive long-term SiC supply agreement
GERMANY, 1 June 2023: Vitesco Technologies and onsemi have announced a 10-year supply agreement valued at USD 1.9bn. The agreement focuses on silicon carbide (SiC) […]
Kaixin Auto makes headway in Morning Star acquisition
BEIJING, 31 May 2023: Kaixin Auto Holdings (NASDAQ: KXIN) announced today that it is making progress on the acquisition of Morning Star Auto Inc. The […]
LG Energy, Hyundai Motor enter into a JV to manufacture battery cells in US
SEOUL, 26 May 2023: Hyundai Motor Group and LG Energy Solution have announced the establishment of a joint venture for EV battery cell manufacturing in […]