Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (“Worksport” or the “Company”) is announcing the incorporation of Terravis Energy, Inc. (or “Terravis Energy”), a wholly-owned subsidiary of
The EV revolution keeps advancing across the globe, with governments taking measures to encourage the adoption of electric vehicles and traditional automakers betting big on the EV future in their attempt to dethrone the EV pioneer, Tesla Inc (NASDAQ: TSLA).
On Wednesday, Lordstown Motors Corporation (NASDAQ: RIDE) reported a second-quarter loss, confirming it will begin limited production of its Endurance pickup truck by the end of September. Shares rose 4.7% in after-hours trading.
Chinese electric vehicle maker NIO (NYSE: NIO) reported solid second-quarter results. On Wednesday, shares rose more than 1% in after hours trade after it reported a narrower than expected loss and a surge in revenue.
The EV race is heating up as US President Joe Biden signed an executive order for half of new car sales in the country to be electric by the end of the decade.
Internal combustion engine vehicles have already peaked. Meanwhile, electric vehicles are getting more affordable, and they are going farther. Electric vehicle adoption is accelerating thanks to improvements in battery density and cost, expansion of charging infrastructure, and government policies that make driving polluting cars more difficult.
Worksport Ltd. (Nasdaq-CM: WKSP; WKSPW) (the “Company”) is pleased to announce that it has commenced working on a new product termed “NPEV.” This technological endeavor will be in service to the