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Tesla considers acquiring Sigma Lithium

Teslarati

Tesla is reportedly considering purchasing Sigma Lithium, a Brazillian lithium mining company, for an estimated $3 billion. Tesla and its CEO Elon Musk have shown a continued interest in the extraction and refinement of lithium over the past five years.

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China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

CN EV Post

This article is being updated, please refresh later for more content. Tesla 's insurance registrations last week in China were higher than the previous week's 13,266, while NIO 's were lower than the previous week's 3,345. Tesla vehicles saw 17,032 insurance registrations in China last week, higher than the previous week's 13,266.

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Changan's NEV brand Shenlan aims for 200,000 sales this year

CN EV Post

The Shenlan brand, which was officially launched by Changan on April 13 last year, unveiled the Shenlan SL03 electric sedan on July 25, another strong competitor to the Tesla Model 3. The brand unveiled its first SUV, the Shenlan S7, a similar model to the Tesla Model Y crossover, on March 5, with pricing information yet to be announced.

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

As of March 24, the average price of battery-grade lithium carbonate in China was RMB 277,500 per ton and industrial-grade lithium carbonate was RMB 235,000 per ton, according to data from Mysteel monitored by CnEVPost. After Tesla cut prices earlier in the year, several NEV makers followed suit.

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BYD offers discounts for Song and Seal as China's auto price war intensifies

CN EV Post

Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged. Since the end of last year, several EV makers have cut prices, including Tesla and XPeng (NYSE: XPEV).

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

Notably, in late November last year, a media report said that Chinese consumers were offered discounts of RMB 80,000-100,000 by dealers when purchasing the BMW i3. The rumors and the dealers' moves come as the Chinese auto industry is staging a rare price war. For more articles, please visit CnEVPost.

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Lucid introduces new $7,500 discount as EV price war heats up

Teslarati

The effects of the Tesla price cuts from earlier this year are still being felt today. This time, the limited-time $7,500 discount applies to purchasing Lucid Air Touring and Grand Touring variants. .” It remains unclear if Lucid’s new discount is enough to lure potential Mercedes or Tesla customers.

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