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Chinese EV startup Byton explores listing via SPAC deal -sources


3 Min Read
SHANGHAI (Reuters) - Chinese electric vehicle (EV) maker Byton, backed by Apple assembler Foxconn, is in talks to go public through a merger with a special-purpose acquisition company (SPAC), people familiar with the matter told Reuters.
FILE PHOTO: The logo is pictured on the back of a Byton Concept T car during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee
Byton, whose key shareholders also include China’s state-owned automaker FAW Group and EV battery maker CATL, is in talks with potential SPAC companies and investors about the listing and plans to go public as early as this year, two sources, who declined to be named as the talks were private, said. ....

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Bolt taking over Gotcha scooters in Mobile, looks to expand


Bolt taking over Gotcha scooters in Mobile, looks to expand
January 23, 2021 GMT
MOBILE, Ala. (AP) A Miami-based company is taking over an electric rental scooter franchise in one Alabama city and is looking to expand to another.
Bolt Mobility Corp., launched in 2018, is picking up the established operations of Gotcha, which has been offering scooter rentals in Mobile since the beginning of 2020 and plans to operate in Birmingham as well, possibly bringing options such as sit-down scooters and e-bikes to both cities this year.
In Mobile, it was a common sight to see visitors using the scooters to tour downtown, or locals using them to get through the city’s entertainment district. But Ignazio Tzoumas, the CEO of Bolt, said the general slowdown associated with the COVID-19 pandemic “did a lot of damage” to the micromobility industry. ....

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IBM, Carnival fall; SVB Financial, Verra Mobility rise


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IBM, Carnival fall; SVB Financial, Verra Mobility rise
Stocks that traded heavily or had substantial price changes Friday: IBM, Carnival fall; SVB Financial, Verra Mobility rise
ByThe Associated Press
• 1 min read
Intuitive Surgical Inc., down $54.59 to $744.08.
The maker of robotic surgical systems faces continued pressure on procedure growth because of the virus pandemic.
PPG Industries Inc., down $5.71 to $137.82.
The paint and coatings maker warned investors about uncertainty over a recovery in demand.
SVB Financial Group, up $24.56 to $480.15.
The financial services firm blew away Wall Street s fourth-quarter financial forecasts. ....

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