Electric Mobility News

Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV
American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon.

Tesla 'Very Close' To Level 5 Autonomous Driving Technology, Says Elon Musk
Jul 9, 2020 05:02 PM
U.S. electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.

SEAT Plans 5 Billion Euros In investments In 2020-2025; Urges Spain To Help With Electric Shift
Jul 8, 2020 11:26 PM
Volkswagen's Spanish brand SEAT plans to invest 5 billion euros ($5.6 billion) from 2020-2025 and is committed to making electric cars in Spain with the right government support.
Tesla China Sold 14,954 Model 3 Vehicles In June, Sees 35% M-o-M Growth
Jul 8, 2020 10:52 PM
U.S. electric vehicle maker Tesla Inc sold 14,954 Shanghai-made Model 3 vehicles in China in June, up 35% month-on-month, according to the China Passenger Car Association (CPCA).

Elon Musk Hints At The Possibility Of A New Tesla Gigafactory In Asia Outside China
Jul 8, 2020 05:48 PM
California-based electric car manufacturer, Tesla Inc., might be considering opening a new Gigafactory in Asia, but this one will be outside China. Tesla CEO, Elon Musk recently hinted at the possibility of setting up a new facility while replying to a Twitter user, who asked if the company has plans to expand its Gigafactories in Asia, outside China.

Panasonic CEO Calls Tesla's Elon Musk A 'Genius' Who Can Be 'Overly Optimistic'
Jul 8, 2020 04:15 PM
Tesla's Chief Executive Officer Elon Musk is "a genius who defies common sense and can be overly optimistic," Panasonic's CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.

Ampere Vehicles Has Acquired 74 Per Cent Stake In Electric 3-Wheeler Company Bestway
Jul 7, 2020 03:19 PM
Electric two-wheeler manufacturer, Ampere Vehicles, the wholly-owned subsidiary of Greaves Cotton, has announced acquiring ownership stake in electric 3-wheeler company Bestway Agencies Pvt Ltd. (BAPL), for an undisclosed amount. Ampere Vehicles has acquired 74 per cent stake in the Noida-based company, subject to customary closing conditions.

Tesla Mocks Shortsellers With Sale Of Red Satin Shorts
Jul 6, 2020 05:37 PM
After surpassing Toyota Motor Corp as the world's most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company's naysayers - with sales of red satin shorts.

BMW Ramps Up Production Of eDrive Systems At Dingolfing Plant
Jul 4, 2020 10:46 PM
By 2023, the BMW Group will offer its customers 25 electrified models around half of them with a pure electric drive train and this is where the new-gen eDrive technology comes into play.

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