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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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Top Tesla Gigacasting Supplier Gets Acquired By GM!

CleanTechnica EVs

Tesla has jumped ahead of the auto industry in. continued] The post Top Tesla Gigacasting Supplier Gets Acquired By GM! Here’s a story from left field that we didn’t see coming! appeared first on CleanTechnica.

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GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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Why are General Motors (GM) and Ford (F) stock prices falling today?

Electrek

Share prices of several popular automakers are under pressure after UBS analyst Patrick Hummel warned investors Monday that the US auto industry will likely face hurdles ahead. Both General Motors (GM) and Ford (F) stock prices are down today on the news as investors grapple with what’s next for the US automakers.

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More auto plant shutdowns for COVID-19

Green Car Congress

Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. Hyundai Motor Manufacturing Alabama (HMMA) has already suspended production in all areas, for all shifts, on 18 March, following the confirmation of a case of COVID-19 among its workforce.

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Can Ford and GM hit their EV targets? Analysts weighs in

Electrek

Ford (F) and General Motors (GM) are gearing up for likely the biggest transformation the auto industry has ever seen. Will GM and Ford hit their EV targets? more… The post Can Ford and GM hit their EV targets? more… The post Can Ford and GM hit their EV targets? Let’s see what analysts have to say.

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