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

Teslarati

BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. auto sector,” the organization writes. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

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Tesla’s $25,000 car to be built at Giga Texas, then Giga Mexico: Elon Musk

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Tesla CEO Elon Musk has shared some new details about the automaker’s plans for its next-generation, $25,000 electric vehicle (EV), including that it will be built first in Austin, Texas. On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event.

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Volkswagen faces mounting pressure from Tesla and BYD

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During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Volkswagen’s Scout to build $40K electric SUV in South Carolina What are your thoughts?

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EV chargers increasingly a ‘necessity’ at LA apartments and stores

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As the auto industry transitions to electric vehicles (EVs), many have aired concerns that there will not be enough charging stations. According to one new report, many landlords and real estate owners in Los Angeles, California are rushing to construct new EV charging hardware at apartments, stores, office buildings and more.

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A look at Tesla’s potential new Gigafactory locations: Mexico, Canada, Indonesia or South Korea

Teslarati

Tesla has an exclusive customs lane for parts from the Nuevo Leon border into Texas. Another benefit to building in Mexico is that Tesla vehicles would still qualify for EV subsidies in the United States from the Inflation Reduction Act (IRA). However, Jokowi emphasized his desire to build fully electric vehicles in the country.

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Tesla is redefining the “Made in China” moniker with Giga Shanghai: report

Teslarati

The narrative surrounding Tesla appears to have shifted for the better in China, with Xinhua News Agency , the official state-run press agency of the People’s Republic of China, recently posting a glowing analysis of the EV maker’s effect on the country’s auto sector.

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Tesla margin tightrope is ‘keeping investors up at night’: Wedbush

Teslarati

Its factories in Texas and Berlin have ramped up production rates on several occasions thus far in 2023 already, and as manufacturing continues to grow at those factories, Tesla will also increase its annualized build rates with a new plant in Mexico.

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