Electric Mobility News

Investors have awarded Tesla's leadership on in-car software with a market value of $905 billion that dwarfs traditional carmakers, many of which are now scrambling to roll out their own ability to offer over-the-air software updates.

The French automaker announced its "strategic studies" on Friday as it reported an annual profit for the first time in three years and said its turnaround plan was ahead of schedule.

Protoypes of the Volta Zero, a 16-tonne fully-electric truck, will be delivered to customers in mid-2022, with series production due to start in late 2022.

Zoomo is also expanding its software and hardware teams to develop new software for customers and work on new bike forms and accessories to carry more weight.

Lucid is not aware of any instances of the part failing in its vehicles, but it expects about 1% of the 203 potentially affected cars may have the incorrectly installed part.

The auto industry is under pressure to go electric in Europe and China, while wrestling with the problem that it takes more carbon emissions to produce an EV than a fossil-fuel car, notably because of the large batteries.

Tesla's Shanghai factory currently has the capacity to produce a combined 450,000 Model 3 and Model Y vehicles a year.

The Frankfurt Oder administrative court will hear on March 4 a complaint filed by local groups claiming the Brandenburg environmental ministry carried out insufficient checks before granting the licence to the Wasserverband Strausberg-Erkner (WSE) utility.