Electric Mobility News

The battery unit, which is aiming to turn profitable next year, accounted for nearly 6% of the company's revenue in the second quarter.

The deal follows that of rival Xpeng Inc, which raised $1.8 billion in its dual primary listing in late June.

The two electric scooters, called Zoro and Fiare, will be launched in the upcoming festive season.

The subscribers also get the option to change their EV every six months and cancellation is allowed after three months, though it requires a notice of one month.

The Simple One will be the flagship electric scooter and the first product from Simple Energy, a Bengaluru-based EV start-up.

Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.

Organisers of the 2021 New York Auto show have pulled the plug on the much-awaited event having concerns regarding the safety of visitors and exhibitors anticipating the third-wave of COVID-19.

Russia plans to subsidise the purchase of domestically manufactured electric vehicles (EVs) to stimulate demand and production, the country's economy ministry said on Wednesday.