Electric Mobility News

Sales in 2020 grew 6.8% over the prior year, while 2021 was the first year since 2018 that the number of chips sold exceeded 1 trillion.

Spurred on by looming bans on combustion engines in China and Europe, major automakers are striving to bring their commercial electric vehicles (EV) to market fast and ensure they don't get caught out again by another Tesla.

Scaringe said Rivian, whose shares closed up 10.7% at $63.71, idled the plant for the first 10 days of January to make changes on the production lines in a move to boost output.

A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, in particular, forcing some firms to scale back production.

UMC, which has already been producing semiconductors in the country for more than 20 years, said the new factory would produce 22 and 28 nanometre chips.

The automaker will add production workshops, increase the number of workers and lengthen the time equipment is operational the document.

According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.

Lucid is not aware of any instances of the part failing in its vehicles, but it expects about 1% of the 203 potentially affected cars may have the incorrectly installed part.