Electric Mobility News

With the agreement, WEG will now be the exclusive supplier of charging stations to the power company.

There were no external investors participating in the round. The company did not provide any details on its valuation.

The announcements come amid scrutiny of Tesla's driver assistance system Autopilot, which handles some driving tasks and allows drivers to keep their hands off the wheel at times.

Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.

Mobileye said that Volkswagen AG will also start using some of its mapping data products for Volkswagen's driver-assistance features, such as automated lane keeping.

U.S-based InCharge Energy specialises in electric vehicle (EV) commercial charging infrastructure. ABB says the acquisition built on an initial investment and took its stake in the company to approximately 60%.

Barra said GM's expanding portfolio of electric vehicles, including the 2023 Chevrolet Silverado electric pickup and the BrightDrop commercial vehicle range, also features two new Chevrolet crossovers, a $30,000 Equinox EV and a slightly larger Blazer EV, both of which will be introduced in 2023.

"I would be shocked if we do not achieve full self-driving safer than human this year. I would be shocked," Elon Musk said.