April, 2024

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Electrek

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand.

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China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

The country’s tech, automotive, and manufacturing industries have become juggernauts in their respective sectors, and the Chinese auto industry has solidified itself as a global force. Even so, American companies like Tesla face an uphill battle competing with Chinese automakers as it goes back and forth with BYD for world sales records.

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Comment on Nio exec explains how its factories use humanoid robots by Frank

CN EV Post

Ask a Chinese citizen EV shopping if they give one iota about a robot in the factory? The consumer is crushed and wants an affordable car they have confidence will be supported by a company still in business 2 years from now. Chips and t-shirts. Nio Houses with freebies. Day care service. Battery manufacturing unit debacle. Now robots?

Waste 98
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Tesla Model 2 abandoned? Multiple sources say $25,000 electric car dead, Elon says it’s all lies

EV Central

According to Reuters multiple sources behind the scenes have confirmed the affordable EV is no longer happening with resources switched to developing self-driving robotaxis. Tesla has admitted it is struggling at the moment with overall sales down eight per cent year-on-year while Chinese rivals like BYD are reporting record sales.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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Tesla Model 3 Performance export fleet spotted in Shanghai Southport Terminal

Teslarati

It was then no surprise that Giga Shanghai, which produces the Model 3 Performance for both the domestic Chinese market and foreign territories , seems to have become very busy producing the vehicle. At its current price, the new Model 3 Performance is closer to more affordable performance cars like the Honda Civic Type R.

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Kia is Eying a Much Hotter EV9 GT

The Truth About Cars

Also expected is a performance EV5 GT, though that model is currently only seen in Chinese government documentation. While a hot EV9 would be interesting, it likely won’t be affordable. The smaller, five-door hatchback EV3 will land soon but isn’t coming to the United States.

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