Electric Mobility News

The newly opened electric motor lab in Shanghai will mainly focus on electric motor development for use in fully electric and hybrid cars based on Volvo Cars forthcoming SPA 2 modular vehicle architecture.

Tesla has also built solar canopies, a restaurant and convenience store at the location which makes the charging pitstop a little more engaging.

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.