German EV Startup Next.e.GO Weighs Listing Options Including SPAC: Report


EV hopeful Next.e.GO Mobile SE is in talks to go public through a blank-check company or an IPO that could value the manufacturer of compact cars for shorter trips at as much as 2 billion euros ($2.4 billion), Bloomberg reports.

The company, saved from insolvency last year, may go through with the plan within the next 12 months, Chairman Ali Vezvaei said in an interview.

“There are advantages to both and we’re examining our options,” Vezvaei said, while the company has plans to produce a total of 300,000 vehicles over the next five years. “It could happen within the next 12 months.” Read more.

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