Cleantech & EV'sNews

Lordstown Motors closes sale of plant to Foxconn for $230M in much needed cash

Back in an unassuming corner near the exit of the ACT Expo at the Long Beach convention center sits a black Lordstown Motors Endurance pickup. As at least two ACT attendees asked questions about the prototype, its manufacturers were publicly announcing the official sale of its assembly plant. Lordstown Motors has officially closed its deal with Foxconn, who will now build the former’s Endurance…
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Cleantech & EV'sNews

Elon Musk is looking to finance Twitter acquisition without loans backed by Tesla shares as price falls

Elon Musk is reportedly looking to secure more equity for the acquisition of Twitter in order to proceed without billions of dollars worth of loans back by Tesla shares. It comes as Tesla’s share price has fallen to significantly. Last month, Twitter’s board officially accepted Elon Musk’s acquisition offer. It still needs to go to a shareholder’s vote and some details are still being…
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Cleantech & EV'sNews

Foxconn wastes no time announcing Fisker PEAR will be built at newly acquired Lordstown plant

Less than twenty-four hours after announcing the closing of its purchase of an Ohio assembly plant from Lordstown Motors, Foxconn and its partner Fisker Inc. announced the facility will soon be home to production of the latter’s upcoming PEAR EV. We first learned of Project PEAR, an acronym for Personal Electric Automotive Revolution, in February of 2021 when Fisker Inc. ($FSR) announced a new…
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Cleantech & EV'sNews

Microlino launches Pioneer Series, a limited run of its ultra-sleek, not-a-car electric microcar

Microlino has just unveiled its Pioneer Series, a limited edition of 999 electric vehicles to be produced on its Turin, Italy, assembly line and destined for its earliest backers. The Microlino may look like a small electric car, but is actually classified as a quadricycle or L7e-class vehicle in most of Europe. First unveiled six years ago at the Geneva Motor Show, the Microlino has taken a…
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