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

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. 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. auto market anytime soon , some U.S.

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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

Green Car Congress

In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. Source: Fastmarkets. Raw material oversupply.

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Tesla signs truce with Chinese Automakers to end EV price war

Teslarati

Tesla and 16 Chinese automakers signed a truce ending the EV price war. Executives from Tesla and 16 China-based automakers participated in a signing ceremony at the China Auto Forum in Shanghai held on July 6, 2023. China’s top car makers took part in the event, including BYD, Geely, and Xpeng Inc.

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CyberVan! Li Auto’s Mega MPV launches in China alongside ambitious EV expectations

Baua Electric

Li Auto has officially launched its first-ever battery EV, a multi-purpose vehicle (MPV) called the Mega. Priced at over RMB 560,000 ($77,800), Li Auto expects the luxury minivan to be a top seller in its segment, contributing to its target of 800,000 vehicles sold this year. Combined with a large 102.7 seconds.

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More Chinese EV makers promise no price cuts as price war intensifies consumer wait-and-see sentiment

CN EV Post

EV makers including Leapmotor , Neta and Denza have all introduced 90-day price protection policies. Image credit: Neta) As the auto price war in China continues, some electric vehicle (EV) makers are beginning to make it clear that they will not cut prices in an attempt to dispel the wait-and-see sentiment of potential consumers.

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Li Auto unveils all-electric solution, 1st BEV model to feature CATL's 4C Qilin Battery

CN EV Post

By 2025, Li Auto's product portfolio will include a super flagship model, five EREVs and five BEVs. | Li Auto US Li Auto HK (Image credit: CnEVPost) Li Auto (NASDAQ: LI) today officially unveiled its all-electric solution, following the success of its extended-range electric vehicles (EREVs) in China. AD Max 2.0

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BYD officially launches Seagull to expand its presence in China's EV market

CN EV Post

BYD has officially launched the Seagull with a starting price of just RMB 73,800, after starting pre-sales of the Yangwang U8, which costs over RMB 1 million, last week. The car is available in three versions with starting prices of RMB 73,800, RMB 78,800 and RMB 89,800 respectively. BYD Seagull interior.

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