The Ministry of Environment and Energy provides useful questions and answers about the “Move electrically” program that subsidizes the purchase of electric vehicles. The second round of the program started last week with an initial budget of 50 million euros and applications will be submitted at https://kinoumeilektrika2.gov.gr/index.html It is recalled that the subsidy rate for […]
Tag: Electric Car
Fisker Partners With Apple Supplier Foxconn For Manufacturing Electric Cars
EV startup Fisker has signed a memorandum of understanding with electronics heavyweight Foxconn Technology to manufacture its second vehicle. The production is expected to start by the end of 2023 with Foxconn manufacturing around 250,000 electric vehicles annually for Fisker. Shares of Fisker have surged over 35% since the announcement.
Apple Is In Discussion With Lidar Suppliers For Self-Driving Car
Apple is in talks with lidar suppliers which is to be used in the upcoming Apple cars. The technology works by scanning and detecting surrounding objects to help the car avoid them. Apple previously used the technology in its iPad Pro and iPhone 12 Pro to power low-light photography and deliver an enhanced augmented reality (AR) experience.
Lucid Motors To Potentially Go Public Via SPAC CCIV
EV maker Lucid Motors is said to be discussing going public via a Michael Klein- backed SPAC. The deal would be worth $15 billion. Post the news, shares of the SPAC, Churchill Capital IV jumped 40%, closing at $13.2 Monday.
Xpeng’s Stocks Rise After Third Quarter Results
Xpeng Motors reported third-quarter earnings, for the first time since its IPO in August. Following the report, the Tesla rival’s stocks surged.