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

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei.

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Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. However, Tata Motors, which is present in both the ICE and EV segments, has urged the government not to cut taxes on hybrid cars, reported Reuters.

Tax 95
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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

Global 397
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Tesla removes Model 3 Long Range Dual Motor from China’s configurator

Teslarati

Tesla China removed its listing for the MIC Model 3 Long Range Dual Motor in the online configurator. Tesla may be using the electric motors and battery packs for the MIC Model 3 Long Range Dual Motor variant to produce the Model Y Dual Motor AWD trim. After all, the Model 3 and Model Y share similar parts.

Motors 145
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Protean Electric forms partnerships for global production of in-wheel drive motors

Green Car Congress

In-wheel electric drive startup Protean Electric ( earlier post ) has formed relationships with several leading companies in the global auto industry to accelerate its in-wheel electric drive systems to market in high-volume production. MAHLE Powertrain, an engineering service provider to the global automotive industry.

Global 231
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Hyundai Motor Group bolsters partnership with Rimac on high-performance EVs and fuel cell prototypes across brands

Green Car Congress

Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. Global automotive producers have shifted production towards CEE countries from Western Europe.

Croatia 207