- Spark: E-truck maker Nikola agreed to buy battery biz Romeo Power. EV batteries are the new oil — both expensive and scarce. That’s why EV suppliers have invested $30B in the battery biz over the past two years.
- Vroom: Dodge is retiring its gas-guzzling Challenger and Charger cars, and launching a new electric car (dubbed: Hornet). Dodge is leaning on brand fans to help it transition into a more EV-forward biz.
- Boom: American Airlines agreed to buy 20 ultrafast jets that fly at twice the speed of commercial flights. New supersonics are super expensive, but their planned use of sustainable fuel could help demand take off.
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