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Lotus EV division enters SPAC deal, will list on Nasdaq

Motor Authority

Lotus Technology, a division of Lotus responsible for development of electric vehicles, is about to go public via a SPAC deal.

Deal 257
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Lunaz Applied Technology: bin lorry electrifier enters administration

Autocar

UK firm folds before starting production of converted diesel HGV; classic car electromodding business unaffected Commercial vehicle electrification firm Lunaz Applied Technologies (LAT) has entered administration, with the loss of around 40 jobs. This means the business entity Lunaz Applied Technologies has stopped operations.

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Genesis Reportedly Nears Deal With Lucid Motors For Special EV

Carscoops

The deal holds immense potential for the entire Hyundai, Kia, and Genesis family. The focus of this arrangement revolves around Lucid’s electric motor technology, which would be integrated into future Genesis models including a production version of the Concept X convertible.

Deal 130
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VW to build QuantumScape solid-state batteries under license

Motor Authority

Volkswagen Group has reached a deal to license solid-state battery technology from QuantumScape, a U.S. battery startup that counts the German automaker as a key investor. Solid-state batteries hold the potential to offer significantly longer range, faster charging times, reduced costs, and enhanced safety for electric vehicles.

Deal 258
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Pinewood to offer dealers Seez AI-powered technology

Motor Trader

Dealer Management Systems (DMS) and software provider Pinewood Technologies Group has entered into an advance subscription agreement with AI company Seez App Holding. Seez bills itself as one of the world’s leading automotive AI companies, dealing in technologies that include AI Chatbot technology.

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2026 Nissan Navara to use Mitsubishi PHEV technology

CarExpert

Nissan says an all-new Navara will go on sale in Australia around 2026, and it will lean on Mitsubishi technology for electrification. “We are dealing with the regulatory aspect, to understand whether it will be passenger vehicle or SUV and how pickup will qualify within that. . Which is in discussion,” said Mr Cartier.

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Subaru Forester, Crosstrek’s new hybrid technology detailed

CarExpert

The S:HEV powertrain uses technology from hybrid leader Toyota. 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Now, Subaru in Japan has confirmed a S:HEV version of the Crosstrek , which will launch there in December 2024. Browse now.