2 Companies Accelerating the Race Toward EVs

Rhian Hunt, The Motley Fool

October 21, 2021 at 10:47 a.m.·4 min read

2 Companies Accelerating the Race Toward EVs

Stellantis (NYSE: STLA), the multinational owner of Jeep, Ram, Dodge, Chrysler, Fiat, Peugeot, and many other car brands, announced plans for a new North American EV battery factory. Foxconn (OTC: FXCNF), a Taiwanese electronics manufacturer now allied with EV start-ups Fisker (NYSE: FSR) and Lordstown Motors (NASDAQ: RIDE), showed the world a trio of EV prototypes. The partnership plans to launch a joint venture making 40 gigawatt-hours (GWh) of EV batteries yearly.

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