article thumbnail

Fast-charging price hike, EV price war, BMW EVs from Mexico: Today’s Car News

Green Car Reports

BMW will turn to Mexico to make some of its more affordable EVs for the U.S. The past couple weeks have signaled that the EV price war has begun. And Electrify America raises prices. Electrify America last week announced price hikes for EV fast-charging. This and more, here at Green Car Reports.

Mexico 102
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 132
article thumbnail

Tesla price target reduced by Wells Fargo over reduced production outlook

Teslarati

Wells Fargo lowered its Tesla (TSLA) price target from $260 to $250 based on its lowered production outlook. Wells Fargo analyst Colin Langan also expressed concerns over Tesla’s decreasing prices and profits. Langan expressed concerns about Tesla decreasing prices to hit its 1.8 Tesla reported a gross vehicle margin of 17.9%

Price 115
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. The first model is due in late 2026 with a starting price of around $25,000, though it’s unclear if Ford’s extensive losses on its EV business will have an impact.

article thumbnail

Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Even with the price cuts, the Mach-E’s turn rate reached 33%. billion last year.

article thumbnail

Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4

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