Electric Mobility News

The Ola Futurefoundry will be based in Coventry, in the UK, and the company will invest $100 million over the next 5 years.

SAIC Motor Corp said on its official WeChat account that the fund will also look to invest in automotive electronics start-ups and will later be opened to external funds.

Link EV Electric Vehicles plans to build an assembly plant in the central Mexican state of Puebla with an investment of around $265 million.

The new e-Alfa electric three-wheeler cargo will be an affordable product in the company's growing electric portfolio, which already includes the Mahindra Treo Zor electric three-wheeler available in three variants.

Renault SA, Nissan Motor Co and Mitsubishi Motors together will increase the number of common platforms for EVs to five from four, and by 2030 they plan to have a combined EV line up of 35 vehicles.

We already knew that a new Lamborghini EV with (2+2) seating configuration is in the making and now Lamborghini CEO Stephan Winkelmann has shared more details on its positioning.

The deal remains subject to approval by the Chinese government, but Stellantis, plans to increase its stake to 75% as part of its efforts to tackle one of the weak spots in its business.

Tesla Inc on Wednesday forecast vehicle deliveries would comfortably grow by more than 50% year-over-year in 2022 despite persistent supply chain issues that it expects to be alleviated only next year. The upbeat outlook from CEO Elon Musk came after the world's most valuable automaker posted record quarterly revenue that beat Wall Street expectations.