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Lordstown Motors Corp: The SEC said in the lawsuit filed in federal court in Washington that Burns misrepresented preorders Lordstown had received for its full-size electric pickup truck around the time it went public in the fall of 2020. Burns agreed to pay a USD 175,000 penalty and be barred from serving as an officer or director of a public company for two years.
Tesla German Factory: The outage, which began on March 5 at the site in Gruenheide, was a result of an arson attack on a nearby power pylon for which activists from the far-left Vulkangruppe claimed responsibility. E.dis, a division of German energy network firm E.ON , said speedy weekend assembly work had enabled it to carry out a multi-hour high voltage test and get a green light from engineers.
Chinese EV Maker: Ding Lei, founder of Shanghai-based Human Horizons which makes the Hiphi-branded EVs, met Zhu in Chongqing on Feb. 27, Yicai added, citing a separate person it didn't name.
VinFast has started building a factory in the southern state of Tamil Nadu and hopes to start production by the middle of next year, for domestic sales first and then exports, its India CEO Pham Sanh Chau told Reuters.
Encouraging signs are emerging for VinFast in early 2024, particularly in California, where the Company's direct-to-consumer approach has fueled a significant order jump in January and February, marking a strong start in the critical U.S. market, the company said.