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<blockquote data-quote="Weather Man" data-source="post: 16677055" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3749791-electrameccanica-begins-first-customer-deliveries-of-flagship-solo-ev" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3749791-electrameccanica-begins-first-customer-deliveries-of-flagship-solo-ev" target="_blank">ElectraMeccanica begins first customer deliveries of flagship SOLO EV</a></p><ul> <li data-xf-list-type="ul">ElectraMeccanica Vehicles (NASDAQ:<a href="https://seekingalpha.com/symbol/SOLO" target="_blank">SOLO</a>) +2.4% premarket, has <a href="https://seekingalpha.com/pr/18501854-electrameccanica-begins-first-customer-deliveries-of-flagship-solo-ev" target="_blank">commenced</a> the first commercial deliveries of its flagship single-seat <em>SOLO </em>electric vehicle as part of an invite-only unveiling event held in Los Angeles, California on October 4, 2021.</li> <li data-xf-list-type="ul">The company will continue to ramp production alongside its manufacturing partner and strategic investor, Zongshen Industrial Group.</li> <li data-xf-list-type="ul">The company is also on track to complete its new U.S. Assembly and Engineering Technical Center in Mesa, Arizona in Summer of 2022, which will have the ability to produce up to 20,000 vehicles per year.</li> <li data-xf-list-type="ul">“The initial customer deliveries of our flagship <em>SOLO</em> EV marks a transformational milestone not only for ElectraMeccanica, but for the future of the electric vehicle industry,” said Kevin Pavlov, CEO of ElectraMeccanica. “As we look ahead, we will continue to ramp production to meet the ever-growing demands for right-sized EVs with a practical everyday use and helping to create sustainable value for our customers and shareholders alike.”</li> </ul><p></p><p><a href="https://seekingalpha.com/news/3749778-gm-ge-sign-mou-to-develop-rare-earth-supply-chain-for-evs-renewables" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3749778-gm-ge-sign-mou-to-develop-rare-earth-supply-chain-for-evs-renewables" target="_blank">GM, GE sign MoU to develop rare earth supply chain for EVs, renewables</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) and GE Renewable Energy (NYSE:<a href="https://seekingalpha.com/symbol/GE" target="_blank">GE</a>) <a href="https://www.ge.com/news/press-releases/general-motors-signs-mou-with-ge-renewable-energy-to-develop-supply-chain-of-rare-earth-support-ev-renewable-energy-growth" target="_blank">sign a memorandum of understanding</a> to evaluate opportunities to improve supplies of rare earth materials and other materials to support the manufacture of electric vehicles and renewable energy equipment.</li> <li data-xf-list-type="ul">The companies say they will focus initially on "creating a North America- and Europe- based supply chain of vertically integrated magnet manufacturing that both companies, their respective suppliers, and other co- sourcing partners will use in the future."</li> <li data-xf-list-type="ul">GM and GE also will work to establish supply chains for additional materials such as copper that are used in automotive traction motors and renewable power generation.</li> <li data-xf-list-type="ul">GE shares "may be poised for a big breakout" after treading water for weeks, Mott Capital Management writes in a <a href="https://seekingalpha.com/article/4457669-ge-may-be-poised-for-a-big-breakout" target="_blank">bullish analysis published recently on Seeking Alpha</a>.</li> </ul><p></p><p><a href="https://seekingalpha.com/news/3749339-tusimple-dazzles-needham-with-autonomous-truck-ride" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3749339-tusimple-dazzles-needham-with-autonomous-truck-ride" target="_blank">TuSimple dazzles Needham with autonomous truck ride</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Needham returns back from TuSimple's (NASDAQ:<a href="https://seekingalpha.com/symbol/TSP" target="_blank">TSP</a>) investor event last week impressed with the company's progress.</li> <li data-xf-list-type="ul">Analyst Rajvindra Gill says the team took a 90 minute ride in TSP's specially equipped chase van along I-10 highway, which tracked behind the L4 class 8 autonomous semi-truck.</li> <li data-xf-list-type="ul">"We witnessed how the L4 truck optimizes lane-centering and lane-biasing, navigates traffic, interacts with other vehicles /motorists on the road and handle various driving scenarios."</li> <li data-xf-list-type="ul">The test drive is called the most impressive L4 autonomous technology the firm has witnessed over the last five years and reinforces its belief that L4 autonomous technology for the trucking industry will happen sooner rather than later.</li> <li data-xf-list-type="ul">"Relative to other competitors, who are retrofitting existing trucks with ADAS (advanced driver-assistance systems) functionality or focusing on specific regions/routes, we believe TSP is going for the 'whole ball of wax' by developing a fully L4 autonomous truck from the ground up."</li> <li data-xf-list-type="ul">Needham keeps a Buy rating on TuSimple Holdings (<a href="https://seekingalpha.com/symbol/TSP" target="_blank">TSP</a>) and price target of $60.</li> <li data-xf-list-type="ul">Read more about the <a href="https://seekingalpha.com/news/3746467-tusimple-runs-successful-demo-of-autonomous-tech" target="_blank">TuSimple autonomous tech demo.</a></li> </ul><p></p><p><a href="https://seekingalpha.com/news/3749314-kaixin-auto-stock-gains-as-pocco-ev-orders-surpassed-3000-units-in-september-130-mm" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3749314-kaixin-auto-stock-gains-as-pocco-ev-orders-surpassed-3000-units-in-september-130-mm" target="_blank">Kaixin Auto stock gains as POCCO EV orders surpassed 3000 units in September, +130% M/M</a></p><ul> <li data-xf-list-type="ul">Kaixin Auto Holdings (NASDAQ:<a href="https://seekingalpha.com/symbol/KXIN" target="_blank">KXIN</a>) +13.2% premarket after <a href="https://seekingalpha.com/pr/18501464-kaixin-auto-holdings-announces-pocco-ev-orders-over-3000-units-in-september" target="_blank">announcing</a> that sales doubled in September over the prior month for the POCCO brand electric vehicles manufactured by Henan Yujie Times Automobile Co., Ltd.</li> <li data-xf-list-type="ul">The company has earlier signed a binding term sheet to <a href="https://seekingalpha.com/news/3734367-kaixin-auto-stock-surges-19-on-acquiring-chinese-ev-manufacturer" target="_blank">acquire</a> Yujie. The brand has launched two EV models under the POCCO brand, namely MeiMei in March of 2021 and DuoDuo in August.</li> <li data-xf-list-type="ul">Orders for POCCO EVs surpassed 3,000 units in September, +130% over that of 1,300 units in August; the actual delivery in September was around 1,200 units, a 200% increase over that of 400 units in August.</li> <li data-xf-list-type="ul">Total sales in the upcoming fourth quarter are expected to reach 11,500 units.</li> <li data-xf-list-type="ul">Mingjun Lin, Chairman and CEO of Kaixin, states: "The rapid growth of China's electric vehicle market has achieved a qualitative breakthrough in 2021, and this momentum will continue. Kaixin is fully confident in the future performance of the POCCO brand. In the meanwhile, Kaixin keeps seeking for more high qualify partners, and our new energy vehicles department aims at achieving the sales target of 120,000 units in 2022!"</li> </ul><p></p><p><a href="https://seekingalpha.com/news/3749302-all-electric-powersports-company-volcon-prices-ipo-at-550-goes-live-today" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3749302-all-electric-powersports-company-volcon-prices-ipo-at-550-goes-live-today" target="_blank">All-electric powersports company Volcon prices IPO at $5.50, goes live today</a></p><ul> <li data-xf-list-type="ul">Volcon (<a href="https://seekingalpha.com/symbol/VLCN" target="_blank">VLCN</a>), the first all-electric, off-road powersports company, has <a href="https://seekingalpha.com/pr/18501172-volcon-epowersports-announces-pricing-of-initial-public-offering" target="_blank">raised</a> $16.6M after pricing its initial public offering of 3.025M common stock at $5.50, at the higher end of the expected range of $4.50-$5.50.</li> <li data-xf-list-type="ul">Offering is expected to close on October 8.</li> <li data-xf-list-type="ul">The company has granted Aegis Capital Corp. a 45-day option to purchase up to 226,875 additional common stock.</li> <li data-xf-list-type="ul">If this option is exercised in full, the gross proceeds of the offering would be approximately $17.M.</li> <li data-xf-list-type="ul">The company recorded a net loss of $19.46 million on no revenue during the six months ended June 30, 2021.</li> <li data-xf-list-type="ul">Trading commences today on Nasdaq Capital Market.</li> <li data-xf-list-type="ul">Based in Round Rock, Texas, Volcon joins many major electric vehicle manufacturers near Austin, Texas, an area that is poised to become the electric vehicle capital of the world.</li> <li data-xf-list-type="ul">The company said it is currently taking orders for its off-road motorcycles, the Grunt and the Runt, and expects to start delivering the Grunt in 3Q21 and the Runt in 1Q22.</li> <li data-xf-list-type="ul">The company expects to start offering the Volcon Stag UTV in 2022 and a longer range UTV, the Beast, in 2023.</li> </ul><p></p><p><a href="https://seekingalpha.com/news/3749288-volvo-trucks-bags-record-order-for-100-volvo-fm-electric-trucks-from-dfds" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3749288-volvo-trucks-bags-record-order-for-100-volvo-fm-electric-trucks-from-dfds" target="_blank">Volvo Trucks bags record order for 100 Volvo FM Electric trucks from DFDS</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Volvo Trucks (<a href="https://seekingalpha.com/symbol/VLVLY" target="_blank">OTCPK:VLVLY</a>) has <a href="https://seekingalpha.com/pr/18501198-volvo-trucks-receives-record-order-for-electric-trucks" target="_blank">received</a> an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe's largest shipping and logistics company.</li> <li data-xf-list-type="ul">It is the largest commercial order till date for Volvo electric trucks, and one of the largest ever for heavy electric trucks worldwide.</li> <li data-xf-list-type="ul">First deliveries of the Volvo FM Electric to DFDS will start in the fourth quarter of 2022 and continue throughout 2023.</li> <li data-xf-list-type="ul">The trucks will be used for both short and long transport in the DFDS logistics system in Europe.</li> <li data-xf-list-type="ul">Volvo Trucks started serial production of electric trucks in 2019, the product range now includes six electric truck models – the Volvo FH, Volvo FM, Volvo FMX, Volvo FE, Volvo FL and the Volvo VNR, sold in North America.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16677055, member: 137766"] [URL='https://seekingalpha.com/news/3749791-electrameccanica-begins-first-customer-deliveries-of-flagship-solo-ev'] ElectraMeccanica begins first customer deliveries of flagship SOLO EV[/URL] [LIST] [*]ElectraMeccanica Vehicles (NASDAQ:[URL='https://seekingalpha.com/symbol/SOLO']SOLO[/URL]) +2.4% premarket, has [URL='https://seekingalpha.com/pr/18501854-electrameccanica-begins-first-customer-deliveries-of-flagship-solo-ev']commenced[/URL] the first commercial deliveries of its flagship single-seat [I]SOLO [/I]electric vehicle as part of an invite-only unveiling event held in Los Angeles, California on October 4, 2021. [*]The company will continue to ramp production alongside its manufacturing partner and strategic investor, Zongshen Industrial Group. [*]The company is also on track to complete its new U.S. Assembly and Engineering Technical Center in Mesa, Arizona in Summer of 2022, which will have the ability to produce up to 20,000 vehicles per year. [*]“The initial customer deliveries of our flagship [I]SOLO[/I] EV marks a transformational milestone not only for ElectraMeccanica, but for the future of the electric vehicle industry,” said Kevin Pavlov, CEO of ElectraMeccanica. “As we look ahead, we will continue to ramp production to meet the ever-growing demands for right-sized EVs with a practical everyday use and helping to create sustainable value for our customers and shareholders alike.” [/LIST] [URL='https://seekingalpha.com/news/3749778-gm-ge-sign-mou-to-develop-rare-earth-supply-chain-for-evs-renewables'] GM, GE sign MoU to develop rare earth supply chain for EVs, renewables[/URL] [LIST] [*]General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) and GE Renewable Energy (NYSE:[URL='https://seekingalpha.com/symbol/GE']GE[/URL]) [URL='https://www.ge.com/news/press-releases/general-motors-signs-mou-with-ge-renewable-energy-to-develop-supply-chain-of-rare-earth-support-ev-renewable-energy-growth']sign a memorandum of understanding[/URL] to evaluate opportunities to improve supplies of rare earth materials and other materials to support the manufacture of electric vehicles and renewable energy equipment. [*]The companies say they will focus initially on "creating a North America- and Europe- based supply chain of vertically integrated magnet manufacturing that both companies, their respective suppliers, and other co- sourcing partners will use in the future." [*]GM and GE also will work to establish supply chains for additional materials such as copper that are used in automotive traction motors and renewable power generation. [*]GE shares "may be poised for a big breakout" after treading water for weeks, Mott Capital Management writes in a [URL='https://seekingalpha.com/article/4457669-ge-may-be-poised-for-a-big-breakout']bullish analysis published recently on Seeking Alpha[/URL]. [/LIST] [URL='https://seekingalpha.com/news/3749339-tusimple-dazzles-needham-with-autonomous-truck-ride'] TuSimple dazzles Needham with autonomous truck ride[/URL] [LIST] [*]Needham returns back from TuSimple's (NASDAQ:[URL='https://seekingalpha.com/symbol/TSP']TSP[/URL]) investor event last week impressed with the company's progress. [*]Analyst Rajvindra Gill says the team took a 90 minute ride in TSP's specially equipped chase van along I-10 highway, which tracked behind the L4 class 8 autonomous semi-truck. [*]"We witnessed how the L4 truck optimizes lane-centering and lane-biasing, navigates traffic, interacts with other vehicles /motorists on the road and handle various driving scenarios." [*]The test drive is called the most impressive L4 autonomous technology the firm has witnessed over the last five years and reinforces its belief that L4 autonomous technology for the trucking industry will happen sooner rather than later. [*]"Relative to other competitors, who are retrofitting existing trucks with ADAS (advanced driver-assistance systems) functionality or focusing on specific regions/routes, we believe TSP is going for the 'whole ball of wax' by developing a fully L4 autonomous truck from the ground up." [*]Needham keeps a Buy rating on TuSimple Holdings ([URL='https://seekingalpha.com/symbol/TSP']TSP[/URL]) and price target of $60. [*]Read more about the [URL='https://seekingalpha.com/news/3746467-tusimple-runs-successful-demo-of-autonomous-tech']TuSimple autonomous tech demo.[/URL] [/LIST] [URL='https://seekingalpha.com/news/3749314-kaixin-auto-stock-gains-as-pocco-ev-orders-surpassed-3000-units-in-september-130-mm'] Kaixin Auto stock gains as POCCO EV orders surpassed 3000 units in September, +130% M/M[/URL] [LIST] [*]Kaixin Auto Holdings (NASDAQ:[URL='https://seekingalpha.com/symbol/KXIN']KXIN[/URL]) +13.2% premarket after [URL='https://seekingalpha.com/pr/18501464-kaixin-auto-holdings-announces-pocco-ev-orders-over-3000-units-in-september']announcing[/URL] that sales doubled in September over the prior month for the POCCO brand electric vehicles manufactured by Henan Yujie Times Automobile Co., Ltd. [*]The company has earlier signed a binding term sheet to [URL='https://seekingalpha.com/news/3734367-kaixin-auto-stock-surges-19-on-acquiring-chinese-ev-manufacturer']acquire[/URL] Yujie. The brand has launched two EV models under the POCCO brand, namely MeiMei in March of 2021 and DuoDuo in August. [*]Orders for POCCO EVs surpassed 3,000 units in September, +130% over that of 1,300 units in August; the actual delivery in September was around 1,200 units, a 200% increase over that of 400 units in August. [*]Total sales in the upcoming fourth quarter are expected to reach 11,500 units. [*]Mingjun Lin, Chairman and CEO of Kaixin, states: "The rapid growth of China's electric vehicle market has achieved a qualitative breakthrough in 2021, and this momentum will continue. Kaixin is fully confident in the future performance of the POCCO brand. In the meanwhile, Kaixin keeps seeking for more high qualify partners, and our new energy vehicles department aims at achieving the sales target of 120,000 units in 2022!" [/LIST] [URL='https://seekingalpha.com/news/3749302-all-electric-powersports-company-volcon-prices-ipo-at-550-goes-live-today'] All-electric powersports company Volcon prices IPO at $5.50, goes live today[/URL] [LIST] [*]Volcon ([URL='https://seekingalpha.com/symbol/VLCN']VLCN[/URL]), the first all-electric, off-road powersports company, has [URL='https://seekingalpha.com/pr/18501172-volcon-epowersports-announces-pricing-of-initial-public-offering']raised[/URL] $16.6M after pricing its initial public offering of 3.025M common stock at $5.50, at the higher end of the expected range of $4.50-$5.50. [*]Offering is expected to close on October 8. [*]The company has granted Aegis Capital Corp. a 45-day option to purchase up to 226,875 additional common stock. [*]If this option is exercised in full, the gross proceeds of the offering would be approximately $17.M. [*]The company recorded a net loss of $19.46 million on no revenue during the six months ended June 30, 2021. [*]Trading commences today on Nasdaq Capital Market. [*]Based in Round Rock, Texas, Volcon joins many major electric vehicle manufacturers near Austin, Texas, an area that is poised to become the electric vehicle capital of the world. [*]The company said it is currently taking orders for its off-road motorcycles, the Grunt and the Runt, and expects to start delivering the Grunt in 3Q21 and the Runt in 1Q22. [*]The company expects to start offering the Volcon Stag UTV in 2022 and a longer range UTV, the Beast, in 2023. [/LIST] [URL='https://seekingalpha.com/news/3749288-volvo-trucks-bags-record-order-for-100-volvo-fm-electric-trucks-from-dfds'] Volvo Trucks bags record order for 100 Volvo FM Electric trucks from DFDS[/URL] [LIST] [*]Volvo Trucks ([URL='https://seekingalpha.com/symbol/VLVLY']OTCPK:VLVLY[/URL]) has [URL='https://seekingalpha.com/pr/18501198-volvo-trucks-receives-record-order-for-electric-trucks']received[/URL] an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe's largest shipping and logistics company. [*]It is the largest commercial order till date for Volvo electric trucks, and one of the largest ever for heavy electric trucks worldwide. [*]First deliveries of the Volvo FM Electric to DFDS will start in the fourth quarter of 2022 and continue throughout 2023. [*]The trucks will be used for both short and long transport in the DFDS logistics system in Europe. [*]Volvo Trucks started serial production of electric trucks in 2019, the product range now includes six electric truck models – the Volvo FH, Volvo FM, Volvo FMX, Volvo FE, Volvo FL and the Volvo VNR, sold in North America. [/LIST] [/QUOTE]
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