Electric Mobility News

Intel Corp has said it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant.

Gojek announced the plan on Friday under a zero-emission pledge laid out in its first annual sustainability report, which analysts widely regard as a move aimed at bringing the company closer to a public listing.

The electric two-wheeler start-up is looking to raise funds to the tune of Rs. 100 crore to set up battery and electric motor assembly plants, and for product development.

After it was caught cheating during diesel gate scandal Volkswagen has been on a quest to revamp its image in front of the public.

This investment includes new capacity for battery packs and electric motors for which manufacturing will begin in the second half of this year.

The construction of the site began earlier this week and will be finished within a year's time. Nio expects a gross yearly output of $77.24 billion.

Vingroup's electric vehicle arm is betting big on the U.S. market with its VinFast line of cars and hoping that electric SUVs and a battery leasing model will be enough to woo consumers away from homegrown market leaders like Tesla and General Motors.

Tesla has been able to enhance its self-driving capabilities by running autopilot & programmes like the FSD beta by getting real-world data from users.