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Magna International Inc. will develop a modular electric vehicle with Israeli startup REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players.
Battery Maker Microvast Agrees to Merger With Tuscan SPAC Bloomberg 2/1/2021 © Bloomberg Electric car charging point symbol in Germany. (Bloomberg) -- Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. The companies will receive more than $800 million in cash when the deal closes, including a $540 million investment led by Oshkosh Corp., BlackRock Inc., Koch Strategic Platforms and InterPrivate, according to a statement Monday. Special purpose acquisition company Tuscan raised $...