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Tesla’s $25,000 car to be built at Giga Texas, then Giga Mexico: Elon Musk

Teslarati

Tesla CEO Elon Musk has shared some new details about the automaker’s plans for its next-generation, $25,000 electric vehicle (EV), including that it will be built first in Austin, Texas. On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event.

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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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Up to 20k Tesla Universal Wall Connectors to be installed at 2k Hilton sites

Teslarati

Hilton and Tesla have announced an agreement to install up to 20,000 Tesla Universal Wall Connectors at 2,000 hotels in the US, Canada, and Mexico. The number of electric vehicle drivers is increasing steadily, with vehicles like the Tesla Model 3 sedan and Model Y crossover bringing electric cars to the mainstream auto market.

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Good news: Ford Mustang Mach-E price cuts are working Ford cut Mustang Mach-E prices by up to $8,100 in February with new finance and lease incentives. New data shows sales are up while inventory is finally dwindling. The company said the rising losses were due to “extremely competitive pricing” and new EV investments.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

It also recently launched new models in Europe, Mexico, Australia, India, and others. Although BYD has established itself as a low-cost EV maker, it’s expanding into new segments. Source: Bloomberg / BYD FTC: We use income earning auto affiliate links.

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China’s Chery to set up shop in Europe

Baua Electric

It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China. Get started here.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

Instead, BYD and Tesla need to work together “to increase the new energy vehicle ‘cake.’” ’” Although BYD is known for its low-cost EVs like the Dolphin electric hatch and Atto 3 SUV, the brand is rapidly expanding into new segments and markets. FTC: We use income earning auto affiliate links.

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