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TTTech Auto expands in China with MotionWise software platform for automated driving

Green Car Congress

TTTech Auto , the Vienna-based provider of automotive safety software, is expanding its operations with a dedicated subsidiary in China. TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer.

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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels. in October.

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Rivian design boss shares how R2 builds off R1S and R1T at a lower price

Baua Electric

How does Rivian plan to keep its rugged luxury feel at a lower price? Rivian unveiled the R2 last month, with starting prices around $45,000. That’s almost half the current $74,900 R1S and $69,900 R1T starting price. That’s almost half the current $74,900 R1S and $69,900 R1T starting price.

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

Teslarati

One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus.

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

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. 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.

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Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

Indonesian miners and smelters are still making good margins despite the price drop linked to higher nickel processing, and will benefit further from the shift as lower prices support the country’s battery industry, a senior official said on Thursday. “Profitability for miners, smelters, is still okay,” he said.

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Sigma Lithium CEO won’t sell the company at current lithium prices – ET Auto

Baua Electric

Sigma Lithium ‘s chief executive won’t sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview. “At these prices, we are not selling,” she said. “I am building a business, so I’m doubling capacity,” she added.

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