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Honda battery leasing venture sets stage for more affordable EVs

Green Car Reports

Battery leasing has long been considered as a way of helping make EVs more affordable, and it appears that Honda is embarking on a business venture that might allow that idea to be scaled up. The joint venture company called Altna, announced Thursday, has been formed as a 50/50 venture between Honda Motor Co. and Mitsubishi Corporation.

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Ford finds a new home to develop affordable electric vehicles

Electrek

The new headquarters will be where Ford’s “Skunkworks” team will build its affordable next-gen electric vehicles. Ford has officially chosen Long Beach as its new home to develop its next-generation EV platform.

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Ford poaches ex-Tesla, Rivian, and Apple talent to develop affordable EVs

Electrek

As the race heats up to introduce more affordable electric cars, Ford is bringing on some of the best EV engineers to help it compete. Over the past few months, Ford has hired talent from Tesla, Rivian, Apple, and Lucid to help accelerate the development of affordable EVs.

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GM exec: 2026 Chevy Bolt EV will be most affordable US EV

Green Car Reports

When the Chevrolet Bolt EV returns next year it will be the most affordable EV in the U.S., Marissa West, president of General Motors North America, said in a recently published interview with Automotive News. GM discontinued the Bolt EV at the end of 2023 but has since then emphasized it's coming back.

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The Affordable Kia EV3's Tech Is A Much Bigger Deal Than You Think

InsideEVs

Kia's affordable, compact EV actually gets some serious tech upgrades beyond even the more expensive models. Here's what we know.

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Chevy’s more affordable Silverado EV LT revealed for the first time in new images

Electrek

A more affordable electric Chevy Silverado is on its way. Chevy’s Silverado EV LT has shown its face as new images of the electric workhorse emerge. Check out the first images below.

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Elon Musk promises “more affordable” EV as rival discounts take toll on Tesla profits

The Driven EV News

Elon Musk concedes discounts by rival EV makers is taking toll on profits, and promises a "more affordable" EV in early 2025 - but its main focus is on autonomy, and most growth will come from energy storage.