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Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

In a column shared on Friday, Automotive News Executive Editor Jamie Butters laid out an update to a 2022 piece that had initially called Tesla a luxury brand. The move also sent the emerging EV industry into a frenzy, as many struggled to push as Over the weekend, Tesla also announced a new wave of Model Y price increases in the U.S.

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Northvolt gains EU nod for USD 986 mn German aid to build EV battery plant – ET Auto

Baua Electric

New Delhi: Swedish lithium-ion battery producer Northvolt on Monday secured EU approval for 902-million-euro (USD 986.43 million) in German state aid to build an electric vehicle battery production plant in the north of Germany.

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Ford is losing millions per day due to a strike in Germany, where it’s retiring the Focus

Baua Electric

Due to a strike in Germany, Ford is losing millions with production at a standstill in Saarlouis, Germany where the Ford Focus is built. An Automotive News Europe report last month claimed Ford is ending Focus production in Saarlouis next year. FTC: We use income earning auto affiliate links. million) per day.

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Telsa joins VW and BYD in cutting prices in Germany

Baua Electric

The 2024 Model Y (Source: Tesla) Telsa has now joined Volkswagen and BYD in slashing the prices of its vehicles in Germany after the government ended EV incentives, according to Automotive News Europe. In Germany, Telsa reduced the price of its Model Y Long Range by €5,000 to €49,990 ($54,340), a discount of 9%.

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Volkswagen cancels plans to build ID.3 at main plant because ‘every euro counts’

Baua Electric

Volkswagen has canceled plans to build its all-electric ID.3 3 at its main factory in Wolfsburg, Germany, due to low demand , adding that “every euro that we do have to spend counts.” in 2023, VW delivered 140,800 ID3s, reports Automotive News Europe. FTC: We use income earning auto affiliate links.

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Scholz hails Northvolt factory as sign of Germany’s industrial appeal – ET Auto

Baua Electric

Germany is and will remain a strong industrial location, Chancellor Olaf Scholz said on Monday as he formally opened construction at Northvolt’s battery cell factory in Heide, in the northern state of Schleswig-Holstein. Battery cells “Made in Germany” would help to build cars beyond combustion engines, he added.

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Hyundai to build an electric van for Iveco, based on its new EV platform – Charged EVs

Baua Electric

Hyundai will build a new electric light commercial vehicle for the Iveco Group, based on Hyundai’s new all-electric Light Commercial Vehicle (eLCV) platform. The new e-van will be launched at this September’s IAA Transportation trade show in Germany.

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