Daily Shorts: BlackRock backs Oxy's DAC project, Rivian ups EV production, and more

US electric vehicle maker Rivian Automotive raised its forecast for full-year production to 54,000 units, an increase of 2,000 units. The Amazon-backed company also said it would e...

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Tesla rival Lucid raises $3 billion amid falling sales

Electric vehicle maker Lucid Group announced plans to raise about $3 billion through a stock offering, in a move seen as stockpiling cash ahead of a likely price war with Tesla. Al...

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Panasonic to supply Lithium-ion batteries for Lucid Motors electric cars

Panasonic Energy and Lucid Group have announced that they have entered into multi-year agreements to supply batteries for Lucid's luxury electric vehicles - Luc...

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Autonomy places order for 23,000 EVs worth $1.2 billion with 17 global carmakers

Autonomy™, an electric vehicle subscription company, has announced that it has placed an order for 23,000 electric vehicles with 17 global automakers to expand and diversify its su...

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Saudi Arabia, Lucid Motors ink agreement for buying 1,00,000 EVs

The Government of Saudi Arabia has announced that it has signed an agreement with Lucid Motors to purchase a minimum of 50,000 electric vehicles and up to 100,000 electric vehicles...

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