Nissan said it has achieved 50 percent thermal efficiency with its in-development e-Power hybrid technology, which could lead to a further reduction of car CO2 emissions. It did not say when the technology would be launched.
Raising cash will be vital as Fisker prepares to roll out two vehicles in as many years. The company has just under $1 billion in cash, and will spend about $450 million of it on capital expenditure this year.
Nikola cuts output target; internal probe finds 'inaccurate' claims
Nikola is slashing projected output of its first commercial zero-emission vehicles and said an internal review of claims about its technology concluded the startup and its founder made several inaccurate statements.