Electric Mobility News

Panasonic, a major Tesla supplier, said it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.

As part of the tie-up, the Mumbai-based company will work with the global giant to induct a fleet of electric vehicles - both two- and four-wheelers - for its delivery partners.

Vietnam carmaker VinFast said it has tapped Credit Suisse and Citigroup to raise at least $4 billion to build its planned electric vehicle factory in North Carolina and fund its U.S. expansion.

Electric vehicle startups that promised to disrupt the automotive industry by using a software- and technology-heavy approach are now scrambling to cut costs amid the type of industry slowdown that has bedeviled Detroit automakers over the years.

Redwood Materials is a battery recycling startup by JB Straubel the former CTO for Tesla.

The new electric pickup brand is going to cash on the success being seen by cars like the Rivian R1T and Ford F-150 Lightning.

Panasonic Energy, a core Panasonic Holdings unit, plans to achieve those gains by using a new mix of additives to allow individual cells to run at a higher voltage without damaging the batteries' performance.

Sales at the Swedish EV maker rose almost 125% to about 21,000 cars in the first six months of the year, up from 9,510 in the same period last year.