Li-Cycle, the largest lithium-ion battery recycler in North America, has announced plans to build its third recycling facility in Gilbert. This “Spoke 3” facility will be able to process up to 10,000 tons of dead batteries and battery manufacturing scrap a year. The company’s other two “spokes,” or facilities, are located in Rochester, N.Y., where … Read more
Phoenix-based Nikola (named after Nikola Tesla, the famous inventor who’s name was already used by the popular car company Tesla) has announced that the company will decrease its 2021 production goal by 500 semis. Instead of delivering 600 battery-electric Tre semis to customers, the company now only plans to deliver 100. These trucks will be … Read more
Lucid Motors announced a merger agreement Monday night with special-purpose acquisition company (SPAC) Churchill Capital IV Corp. (CCIV) propelling the EV company toward an IPO. After the announcement, CCIV stocks plummeted for two days in a row, closing down 18.5% at $28.70 a share on Wednesday. As part of the deal, Lucid will receive approximately … Read more