The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

OHM Global Mobility is now a part of Switch Mobility, founded in 2020. It provides an end-to-end clean mobility financing technology platform that enables EV businesses to access institutional capital efficiently.

The merger with ElectraMeccanica, which is expected to complete in the fourth quarter of this year, is being made with the view of combining industrial assets on both sides of the Atlantic and scaling up electric vehicle production for the European and North American markets. 

The patented software helps detect early battery defects and will aid GM in developing an early hazard detection system for batteries. The value behind this software is that it doesn’t require additional hardware or sensors to monitor minor changes that have the potential to impact battery health.

The company has acquired two Seattle-based companies, Integrated Systems and Controls and InControl in order to strengthen its HVAC business in North America.

KG Mobility (known previously as Ssangyong Motor Company), has bought electric commercial vehicle manufacturer, Edison Motors Company, and will change the name to KGM Commercial.

FFI is now acquiring the ‘Phoenix Hydrogen Hub’ project for an undisclosed sum and will draw up a supply agreement with Nikola for hydrogen produced at the site when it is up and running.

Hydrogenics’ fuel cell and electrolyser capabilities will be incorporated within Cummins’ new business unit for zero-emission technologies called ‘Accelera’.

DB is a 30 year old technology company company with offices in Porto Alegre (RS) and São Paulo (SP).

Kássio Seefeld, CEO of TruckPag says it is set to double its customer sles and revenues in 2023.

Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

The German manufacturer has acquired modern factory equipment and a young team of technicians which will be integrated into its European production network.