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Nikola closes Romeo Power battery facility / DOT reviews Allegiant and Viva Aerobus agreement / VW seeks China expansion

1. Nikola revealed it is closing a Romeo Power battery manufacturing facility in Cypress, California, and moving the work to its assembly plant in Coolidge, Arizona. Nikola acquired Romeo Power for $144M in August 2022. 

Read more on Inside.com.

2. The Department of Transportation concluded its first review of anti-trust immunity for the planned alliance between Allegiant Air and low-budget Mexican carrier Viva Aerobus and opened the proposal to public comments. Currently, partnerships between U.S. and Mexico airlines include Delta's and Aeromexico's joint venture and Frontier and Volaris' codesharing agreement.

Read more on Inside.com.

3. Volkswagen's head of China, Ralf Brandstaetter, revealed the company plans to expand its high-end and low-end sales in the market. "Diversification doesn't mean shutting down in China and ramping up America. It means continuing to use the market opportunities in China and ramping up America," said Brandstaetter.

4. The Energy Department is granting a $700M loan to Ioneer’s Rhyolite Ridge lithium-boron project. The company seeks to supply materials for Ford and Toyota.

5. Newark International Airport opened its new $2.5B terminal to passengers. The terminal is estimated to increase passenger capacity from 9 million to 13 million passengers per year.

6. Paris mayor Anne Hidalgo is calling for a public vote on whether shared electric scooters should continue operating in the city. The vote is expected on April 2. 

7. eVTOL developer Lilium's board of directors appointed Oliver Vogelgesang as CFO and Sebastien Borel as CCO. Vogelgesang was previously a senior VP of finance and controlling at the company, while Borel was senior VP of commercial.

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Nicolas is a Sr. Analyst at Inside, covering transportation and IT trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. 

Editor

Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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