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Tesla counters Model 3 SR+ delays with LFP packs in North America

Teslarati

Tesla is countering Model 3 Standard Range+ delays by offering some potential owners the option to switch to the LFP, or lithium iron phosphate, battery packs that are available in Asia and Europe. If you choose to order, your original order fee can be applied to the purchase price of your vehicle upon delivery.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

Currently, CAM and pCAM processing is highly concentrated in Asia. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain The companies established the Ultium CAM joint venture, which is majority owned by POSCO Future M, in July 2022. Site selection will be announced later.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

These little vehicles typically lack the aesthetic appeal of a Tesla, but they protect drivers from the elements better than a motorcycle, are faster than a bicycle or e-bike, are easy to park and charge, and, perhaps most endearing to emerging consumers, can be purchased for as little as $3,000 (and in some cases, less).

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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Kolesnikov told Reuters that the government could cover 25% of the total purchase price of an electric vehicle, up to $8,570 or 625,000 roubles.

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD’s general manager of its Asia-Pacific Sales Division said people were lining up to purchase the car after hitting its 10K sales goal in just 42 days. BYD is pressuring legacy automakers after slashing EV prices and introducing a series of more affordable “Honor Edition” models.

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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

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An additional 3 billion Asians could enjoy higher living standards by 2050, but only if Asia sustains its present growth momentum and addresses significant multigenerational challenges and risks, according to a new report commissioned by the Asian Development Bank (ADB).

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Ride-sharer Grab to invest $700M in “Grab 4 Indonesia” 2020 master plan

Green Car Congress

Grab, the leading ride-hailing platform in Southeast Asia, launched its “Grab 4 Indonesia” 2020 master plan, endorsed by Badan Koordinasi Penanaman Modal (BKPM), the Government of Indonesia’s Investment Coordinating Board. Indonesia is Grab’s largest market in Southeast Asia.

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