Electric Mobility News

Two-year-old Soelect announced a Series A raise of $11 million from GM Ventures, KTB Network, and Lotte Ventures, an affiliate of Korea's Lotte Chemical.

Carmakers are working to secure supplies of materials from lithium, nickel, and manganese for batteries to magnesium for car components.

The investment of $10 billion to $20 billion will be spread out over the next five to ten years and will include converting its present factories around the world to electric-vehicle production, the report said, citing people familiar with the plan.

Baoding-based Great Wall, China's top pickup truck maker, said it planned to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrid.

Companies from electric automaker Tesla Inc to wafer fabrication equipment supplier Lam Research have warned again that supply chain issues, which crippled several industries, would continue to limit production this year.

The concept car, called the BMW iX Flow, uses electronic ink technology normally found in e-readers to transform the car's exterior into a variety of patterns in gray and white.

The European Automobile Manufacturers' Association (ACEA) represents the 16 major Europe-based automakers and said this would follow a 2.4 per cent decline in 2021 due to a shortage of semiconductors.

A return to more normal supplies of semiconductors would allow Mexican carmakers to increase use of installed capacity.