Electric Mobility News

As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses are looking to supply higher-value components and do more development work with carmakers going through a massive transition.

Loud music played as 30 clients and their families got a first glimpse of their shining new vehicles through a glitzy, neon-lit Tesla branded tunnel, clapping and cheering as Tesla Chief Executive Musk danced and joked with fans.

Investigation underway following Twitter user posting a video of his Ola scooter bursting into flames

China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, "imminently" and open sales centres in 15 major cities across the country. Liu

Vitesco has received an order worth around 2 billion euros ($2.20 billion) to produce a component for electric vehicles (EVs), Chief Executive Andreas Wolf said on Friday, without naming the client.

The EV firm's Wechat post said the sales centres will be located in cities including Tianjin, Shanghai, and Guangzhou.

Under the deals, Japan's Yazaki will set up a new wiring plant worth $38 million in Tangiers and expand its existing factories in Kenitra and Tangier for $40 million.

RBC analysts said that rising commodity prices for EV due to the Ukraine-Russia conflict would put pressure on manufacturer's margins.