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Lucid Air price increases due to rising raw material costs & supply chain challenges

Teslarati

Lucid Motors announced a price increase for its Lucid Air product line after releasing its Q1 2022 financial results. In an 8-K SEC filing , Lucid shared a statement from CEO and CTA Peter Rawilson about the Air’s price increase. As the Lucid CEO confirmed, the Air’s new pricing will go into effect on June 1, 2022.

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Tesla Model 3 and Model Y receive latest round of price increases in US and China

Teslarati

The long range variants of the Tesla Model 3 sedan and Model Y crossover have received a $1,000 price adjustment in the United States. In China, select variants of the Model 3 and Model Y also received a price increase of RMB 10,000 (about $1,500). The Model Y Long Range Dual Motor, on the other hand, now starts at $59,990.

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Rivian is one of few pure EV makers that outsourced its electric motors

Teslarati

Tesla makes a lot of its components in-house, including its vehicles’ electric motors. Even Lucid Motors, which is still ramping the Air’s production ramp, has been proudly highlighting that its electric motors, which were also developed in-house, are amazingly compact and efficient. Credit: IHS Markit.

Motor 98
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Petrol can be cheaper than electric – if less than £1 per litre

My Energi

• The average electric car remains cheaper to run than an equivalent petrol car • Fuel prices would need to fall below £1 per litre to make petrol cars cheaper to run • Electric car registrations exceeded expectations in 2022, beating forecasts by 7% Despite the average price of petrol falling below £1.50 With fuel at £1.50

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Rivian boosts manufacturing goal as Q2 loss narrows, income rises

Baua Electric

The Irvine, California-based corporate cited “progress we have seen to date on our production lines, the ramp of our in-house motor line and the supply-chain outlook” for its revised expectancies. The Amazon.com-backed corporate expects call for for its electrical pickups and SUVs to stay strong even within the face of upper borrowing prices.

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LKAB identifies Europe’s largest deposit of rare earth metals in Lapland; Per Geijer

Green Car Congress

This would be sufficient to meet a large part of the EU’s future demand for manufacturing the permanent magnets that are needed for electric motors in, among other things, electric vehicles and windpower turbines. to a couple of kilos per vehicle, depending on the size of the motor and permanent magnet.

Europe 259
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Mercedes breaks ground on new battery recycling facility in Germany

Teslarati

Two of the biggest challenges in the industry of electric vehicles are the price of battery materials and what happens with batteries when they are at the end of their useable lives. ” Mercedes joins the likes of Tesla, General Motors, and many others , establishing battery recycling capabilities worldwide. .”