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

Baua Electric

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. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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

Baua Electric

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. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

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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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SEMI: global total semiconductor equipment sales on track to top $100B in 2021 for first time

Green Car Congress

Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7% The growth is expected to continue with the global total semiconductor manufacturing equipment market expanding to $114 billion by 2022.

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BYD takes sales of its $A15,000 EV to 360,000 in less than 12 months

The Driven EV News

BYD sells 360,000 of its most-affordable city electric car in under 12 months as it continues to expand its global footprint. The post BYD takes sales of its $A15,000 EV to 360,000 in less than 12 months appeared first on The Driven.

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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

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