Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
EV pure play’s ambitions have dependencies that may change under a Republican regime
The Croatian EV technology firm will supply drivetrains to the Middle Eastern challenger
The valuation of the would-be Tesla challenger may raise eyebrows
Vietnamese EV start-up VinFast plans to list on the NYSE later this year via a merger with a special purpose acquisition vehicle (Spac) at a valuation that is seven times that of Tesla, but in a deal that brings little of the cash it needs to meet production targets.
Following the merger with Black Spade Acquisition Co., the new entity will have an enterprise value of c.$27bn, 42 times 2022 sales. That’s a multiple seven-times larger than Tesla and twice that of fellow pretender to the Tesla throne Lucid Motors.
Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
French OEM’s BEV arm to make more cars for performance marque and alliance partners
Japanese all-electric laggards may hope to leverage South Asian cost advantage, but show worrying signs of a lack of being all-in
Autonomous vehicles will be held to a higher standard than just being better than human drivers
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