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 Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which efficiently control electric power in cars, electronic devices and industry equipment.

Ford Motor Co is planning additional investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.

Data released by European Automobile Manufacturers' Association showed that self-charging hybrid cars outsold diesel cars in Europe for the first time in 2021, albeit by just 48 vehicles.

Volvo, which has been heavily impacted by sector-wide supply-chain constraints and semiconductor shortages, warned last year that the chip shortage would continue into 2022.

Self-driving vehicle companies from Tesla Inc to General Motors Co's Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles.

Amsterdam-based Dott had announced $85 million in the Series B funding last year and the extra amount brings the total the start-up has raised so far to around $210 million.