Remove Affordable Remove Building Remove Mexico Remove Price
article thumbnail

Tesla Giga Mexico building ‘a whole new production line’ for $25k compact car: Gov. Samuel García Sepúlveda

Teslarati

Tesla Gigafactory Mexico is expected to take longer to build because the company is working on a new production line for its $25k compact car. Governor Samuel García Sepúlveda recently announced that Tesla Gigafactory Mexico would take around 12 to 15 months to build–longer than it took Tesla China to build Giga Shanghai.

Mexico 129
article thumbnail

Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. Ford is also expected to build an EV for ridesharing services, and Bloomberg reported that Ford has fewer than 100 people working on the project. Mexico-Canada free trade agreement.

article thumbnail

Tesla Giga Mexico is a 3-phase project, will produce Cybertruck: Governor

Teslarati

As noted by the governor of Nuevo León, Samuel García Sepúlveda, in recent comments, Giga Mexico would be a three-phase project. Following a meeting with the Economic Development Council of Nuevo León, the Governor highlighted that details of Gigafactory Mexico’s negotiations would be transparent.

Mexico 129
article thumbnail

Kia will beat Rivian and Tesla into affordable mass-market EVs

Baua Electric

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. More affordable EVs are coming Rivian unveiled its highly anticipated R2 electric SUV Thursday. One of them, the Kia EV3, is expected to launch by the end of the year.

Kia 52
article thumbnail

Elon Musk taking a page from Henry Ford’s playbook with Tesla price cuts: Ford CEO

Teslarati

Ford CEO Jim Farley recently commented that Elon Musk’s strategy of lowering electric vehicle prices to maintain sales volume over profit margins is actually quite reminiscent of Henry Ford’s approach with the Model T. Similar to Musk, Henry Ford reportedly slashed the prices of the Model T to boost sales in 1913.

Ford 129
article thumbnail

New family of affordable Teslas detailed: ‘multiple’ EVs coming as part of 20 million vehicle push

EV Central

Instead, Tesla laid out the building blocks for a new family of more advanced and affordable models that will form the foundations for the brand as it strives to build 20 million cars annually by 2030 – in turn surging past traditional brands such as Toyota and Volkswagen.

article thumbnail

Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Kia will continue building sedans, but cars have fallen off in favor as SUVs and trucks have taken over the world. Average vehicle purchase prices in the U.S.

Kia 96