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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Ford sold 20,223 electric cars in the first quarter of 2023, while GM sold 16,425.

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Honda admits it needs affordable EVs with plans for an electric Civic successor

Baua Electric

For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda to launch an affordable electric Civic replacement The company revealed two new EV concepts as part of its new “0 series” electric brand at CES earlier this month. FTC: We use income earning auto affiliate links.

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GM Offering Reimbursement to Early Chevy Blazer EV Owners

The Truth About Cars

After announcing that Ultium-based EVs would not offer Apple CarPlay or Android Auto, GM issued a stop sale for the Chevy Blazer EV over software issues. The Blazer EV is still expensive after the price cuts, and Chevy missed its price targets for the Equinox EV, so GM’s stable is notably empty of affordable electric models.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. BYD last year sold 1.57

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GM and Microvast to develop specialized EV battery separator; new US separator facility

Green Car Congress

GM will contribute its separator and coating technology to the collaboration with Microvast. Led by the Pacific Northwest National Laboratory (PNNL), the consortium is a team of battery experts from national laboratories, academia and industry working to develop more reliable, affordable, longer range and higher performance EV batteries.

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GM faces EV production constraints and Cruise accident effects in 2024

Teslarati

Ahead of the General Motors (GM) earnings call this week, the automaker has new union contracts and is expected to report around $10 billion in earnings. GM will report Q4 and FY 2023 earnings on Tuesday, and the company said in November it expected to earn almost $10 billion throughout 2023—despite around $1.1

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Volkswagen announces production start date for its most affordable $20K ID.1 EV

Baua Electric

For the first time, Volkswagen announced it aims to start producing its most affordable ID.1 1 will offer “affordable electric mobility for everyone,” VW brand leader Thomas Shafer said Thursday. 2all concept is “spacious like a Golf and affordable like a Polo,” according to VW. 2all SUV, the affordable EVs’ big brother.