Vehicle Sales
Timetable for more affordable Tesla slips further
Musk no longer dangling the possibility of a 2024 rollout of his firm’s new offering
Corporate Strategy
Zeronox promises e-mobility Spac deal like no other
The off-highway UTV maker enters European markets ahead of going public
3 min read
Zeronox, an electrification solutions provider, has announced the signing of agreements with German dealer E-lix Elektromobile and France’s Chateaux Des Langues to distribute Tuatara electric utility terrain vehicles (UTVs) in Europe. The move comes ahead of closing a deal to list the firm on Nasdaq not via IPO but by a merger with a special purpose acquisition company (Spac), which has proven a controversial route to market for previous EV makers.
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Chinese OEMs
BYD signs Turkey plant deal
The Chinese firm to invest $1bn in the Europe-adjacent country
Volkswagen
VW invests $5bn in Rivian JV
OEMs will develop joint EV platform architecture while Rivian gets much-needed boost to its coffers
BMW
BMW receives commercial L3 autonomy approval
German OEM becomes first automaker to offer L2 and L3 systems in one vehicle
Corporate Strategy
Third party revenue share dampens Tesla robotaxi value outlook
App makers will eat into potential robotaxi revenue, says RBC analyst Tom Narayan