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Alcoa completes $300M expansion of automotive aluminum sheet plant in Iowa

Green Car Congress

Alcoa has completed a $300-million expansion at its Davenport, Iowa facility dedicated to supplying aluminum sheet products to the automotive industry. According to automakers, demand for aluminum to produce vehicles—already the second-most-used material used to make cars today—is expected to nearly double by 2025.

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China become the sector’s biggest car exporter in Q1 2023, surpassing Japan

Baua Electric

Within the first quarter of this 12 months, China surpassed Japan and Germany to transform the sector’s biggest car exporter for the primary year, exporting a complete of one.069 Japan impaired to be the sector’s eminent car exporter, exporting 1.047 million automobiles within the first quarter of this 12 months.

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Lucid Motors slashes worth of Wind sedan as EV price battle grows

Baua Electric

Over a date in the past, Lucid, which is majority owned by way of Saudi Arabia’s Society Funding Charity, and its friends needed to lift costs of its vehicles as emerging uncooked subject material costs and nagging delivery chain bottlenecks sparked by way of COVID-19 accident the automobile trade crispy.

Wind 52
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Lucid CEO says Aston Martin EV tech trade in is just the start

Baua Electric

A rising trade supplying generation to others would backup Lucid, which like rival corporations has been suffering with mounting losses, tightening money reserves and a price battle sparked through Tesla. . “Do we ever want to make a $25,000 car because that’s what it’s going to take to change the world?”

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China exported greater than 2 million automobiles in first part of 2023, BYD and Chery grew quickest

Baua Electric

million automobiles, a year-on-year building up of 75.7%, in keeping with the China Affiliation of Car Producers (CAAM). Nearest in 2022, the export quantity exceeded 3 million gadgets, making China the second one greatest car exporter next Japan. Within the first part of this 12 months, China exported 2.14 Extra particularly, 1.78

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HiPhi Y electrical SUV to settingup on July 15 for 52,200 USD. Nio ES6 competitor

Baua Electric

HiPhi additionally identified that the settingup will transform a global premiere with a key target market in China, Japan, the United Kingdom, Germany, Norway and Saudi Arabia. The entry-level automotive is supplied with a unmarried electrical motor at the rear axle for 336 hp. billion USD.

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Lucid faces difficult Q1 income questions later gradual gross sales

Baua Electric

Its 2d car, the Gravity crossover, is predicted upcoming 12 months. Lucid, which is majority owned by means of Saudi Arabia’s Nation Funding Treasure, has perceivable manufacturing and supply numbers fall from the fourth quarter of 2022. The corporate’s headquarters is situated in Newark, Calif.,