Electric Mobility News

A Bolivian startup is betting on the Andean nation's unlikely push to mine the world's largest lithium deposits, building tiny electric cars that it hopes can be adopted throughout Latin America with locally made batteries.

Reliance Industries, Softbank Group-backed Ola Electric and Indian jewellery maker Rajesh Exports signed final agreements to build battery cells under a $2.3 billion government incentive program.

Tesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.

Panasonic does not currently plan to increase the price of the auto batteries it builds for Tesla, even though it is paying more for the cobalt and other materials it uses to make them.

The bill includes an expansion of tax credits for electric vehicles produced in North America that does not discriminate against those manufactured in Canada.

Maruti Suzuki has been late to the EV party and has allowed Tata Motors to take the lead in the EV space.

The world’s most valuable car maker is gaining ground in Australia.

Elon Musk’s reversal on his proposed Twitter acquisition could get the Tesla CEO in more trouble with regulators