Cleantech & EV'sNews

This quiet electric motorcycle is helping Ukrainian snipers fight back against the Russians

May 12, 2022
Electric bikes and motorcycles have been seeing increased military use for several years. So it should come as no surprise that Ukrainian forces have found them to be an effective tactical vehicle to fight back against Russian aggression. It’s been more than two months now since Russian soldiers invaded Ukraine’s borders, indiscriminately attacking both civilian and military targets. Ukrainian…
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Cleantech & EV'sNews

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

May 12, 2022
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

May 12, 2022
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

May 12, 2022
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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