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Life EV officially owns Rad Power Bikes now

Life Electric Vehicles Holdings, now officially known as Life EV, has acquired the intellectual property, inventory, and certain operating assets of Rad Power Bikes. The purchase price was set at $13.2 million. This move follows the Chapter 11 bankruptcy filing…

OSHA probing fatality at Rivian warehouse

The Occupational Safety and Health Administration has opened an investigation into the death of a worker at a Rivian warehouse in Illinois. The federal agency confirmed the probe on Friday, stating it could take up to six months. Local authorities…