article thumbnail

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

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. Even despite ongoing political concerns, its entry into North America is considered an eventuality, and other Chinese automakers likely won’t be far behind. auto sector,” the organization writes.

article thumbnail

GM China begins prototype battery cell fabrication

Green Car Congress

GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. —John Du, Director of GM China’s China Science Lab.

GM 252
article thumbnail

GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

However, there is no apparent correlation identified between the level of investment announced and expected contribution to growth as can be seen in the case of Ford, Stellantis and GM. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. —Bakar Sadik Agwan. Toyota announced US$70.4

Global 370
article thumbnail

GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We remain committed to an all-electric future,” says GM as it announces a rollback of its electrification plans. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition.

GM 52
article thumbnail

Lux Research says GM, Daimler and Toyota lead automakers in emerging technology partnerships tackling megatrends

Green Car Congress

However, we find different OEMs have dramatically different approaches—their strategies today will change the shape of the auto industry in decades to come. Lux Research analysts examined the growing web of cross-cutting industry relationships. —Kevin See, Lux Research Analyst and the lead author.

GM 236
article thumbnail

Ford doubles EV goal for 2023 and has a new semiconductor partner to help

Teslarati

However, GM’s popular Bolt EV will be sidelined for the remainder of the year. GM’s GMC brand will have the Hummer EV releasing in the coming months to contribute, but a spokesman for the company said that General Motors was already approaching 300,000 sales globally through the first three quarters of 2021.

Ford 142
article thumbnail

Tesla jumps 35 spots up Fortune’s 500 list following blockbuster 2021 results

Teslarati

billion, and Tesla, of course, represents a revolution in the auto industry. Because all the other big automakers — Ford, GM, Volkswagen — internationally, they’re all committing to electric cars in the future. billion in revenue, up 70% from 2020, and expanding significantly into key European and Chinese markets.

Tesla 135