Electric Mobility News

Driving in heavy traffic is an art that's not hard to master.

The research and development that will go into developing battery cells for a high-performance sports car for Lotus will ultimately trickle down to benefit battery cells for more affordable, mainstream EVs.

"I would be shocked if we do not achieve full self-driving safer than human this year. I would be shocked," Elon Musk said.

Two-year-old Soelect announced a Series A raise of $11 million from GM Ventures, KTB Network, and Lotte Ventures, an affiliate of Korea's Lotte Chemical.

Carmakers are working to secure supplies of materials from lithium, nickel, and manganese for batteries to magnesium for car components.

The investment of $10 billion to $20 billion will be spread out over the next five to ten years and will include converting its present factories around the world to electric-vehicle production, the report said, citing people familiar with the plan.

Baoding-based Great Wall, China's top pickup truck maker, said it planned to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrid.

Companies from electric automaker Tesla Inc to wafer fabrication equipment supplier Lam Research have warned again that supply chain issues, which crippled several industries, would continue to limit production this year.