EV startups race for a 'golden ticket' order

Luke Wake, UPS vice president of maintenance and engineering, stands inside a test model of a fully-electric Arrival van, at a depot in London. (Reuters)

By:

NICK CAREY and LISA BAERTLEIN

By:

Reuters

June 03, 2021 12:12 PM

LONDON -- The future of a bevy of commercial EV startups seeking investor capital through blank-check IPOs rests largely in the hands of a small group of big companies such as UPS, FedEx, DHL and Amazon.

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