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ASX and Spirit AeroSystems partner to develop affordable eVTOL aircraft for mass production

Green Car Congress

Airspace Experience Technologies ( ASX ), an aviation technology start-up, and Spirit AeroSystems, a global aircraft design and manufacturing company, have signed a memorandum of understanding and a definitive agreement to cooperate on creation of affordable, certified all-electric, vertical take-off and landing (eVTOL) aircraft.

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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

Some automakers are launching small, affordable EVs for the European market, but Toyota currently has no plans to follow them, Andrea Carlucci, the automaker’s European development boss, said. And it definitely won’t be among the five new electric SUVs Toyota plans to launch by 2026, Autocar noted.

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Get excited: Nissan is plotting an affordable electric performance car to take on the Toyota 86 and Subaru BRZ to win back young car buyers

EV Central

Nissan has admitted that it is considering reintroducing a fast, affordable and all-electric sports car to win over a new legion of young car fans. Something smaller, a bit more affordable. Definitely.”

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Xpeng reveals new, affordable P5 sedan to compete with Tesla Model 3

Teslarati

Chinese electric car company Xpeng Motors has revealed its new P5 sedan. The P5 is affordable and surprisingly less expensive than the widely popular Model 3 in China and includes a series of new driverless technology features that are powered by polarizing LiDAR systems.

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Ford joins PT Vale Indonesia and Huayou in Pomalaa nickel project; offtake agreement

Green Car Congress

creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. All three companies are making equity investments in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project through a definitive agreement.

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Forget Tesla and BYD: Cadillac is shooting for the (three-point) stars in Australia with 2024 Lyriq electric car to spearhead multi-model rollout

EV Central

Cadillac will be a “tier-one luxury brand” in Australia, with the incoming Lyriq EV to be followed by a fleet of a high-end electric vehicles that will target Mercedes-Benz, BMW and Lexus in our market. “So it’s definitely not a ‘let’s try it out and see where we go’ We already have a pipeline coming.”

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Tesla’s Elon Musk gives BYD EVs due credit: “Highly competitive these days”

Teslarati

Back in 2011, Tesla CEO Elon Musk was asked by Bloomberg about a potential rival in the electric vehicle space — China’s BYD. Tesla has grown into the world’s most valuable automaker by market capitalization, and it currently stands as the undisputed leader in all-electric cars. “Have you seen their car?”

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