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Moove provides vehicle financing for cars, bikes and lorries to mobility entrepreneurs. (Image source: NBK Capital Partners)

NBK Capital Partners Mezzanine Fund II has closed a US$10mn financing facility with mobility fintech Moove, Uber’s exclusive vehicle supply partner in Africa

The electric compact SUV is able to travel up to 418 km on a single charge. (Image source: Volvo South Africa)

The Volvo XC40 P8 Recharge has been spotted on South African roads, marking the local arrival of the Swedish firm’s first all-electric vehicle (EV)

A Liebherr L 550 wheel loader loads a lorry at a coal mine in India. (Image source: Liebherr)

Liebherr has launched three largest wheel loaders in the wheel loader series with the new L 550, L 566 and L 580 models

According to Rystad Energy, this premium will gradually narrow after seasonal supply bottlenecks ease in China and a ramp-up plan in South America materialises. (Image source: Adobe Stock)

Electric vehicle (EV) producers and suppliers could be facing a major cost headache starting this year as prices for battery-grade lithium are poised to skyrocket, according to a Rystad Energy analysis

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