Electric Mobility News

Volkswagen said it would allocate nearly half its investment budget of 150 billion euros on e-mobility, hybrid cars, a seamless, software-based vehicle operating system and self-driving technologies.

Mercedes-Benz AG is taking a pioneering role with a comprehensive approach that promotes the socially acceptable and environmentally sound extraction of cobalt and lithium.

Other automakers, including General Motors Co and Tesla Inc, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.

Earlier last year, the unit had raised $1 billion (758 million pounds) from a consortium of investors including SoftBank, that valued it at $7.25 billion.

Approximately 35 billion Euros will be spent on battery-electric vehicles. A further approximately 11 billion Euros has been earmarked for the development of hybrid vehicles of existing models.

The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korean facility.

Velodyne expects automotive-grade mass manufacturing to be under way by the second half of 2021 and that the devices could show up in vehicles in 2022 or 2023.

The van will support DC fast charging at 115 kW and will add 48 kilometres of range in 10 minutes and 72 kilometres in 15 minutes.