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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. auto sector,” the organization writes. auto industry appeared first on TESLARATI. While BYD isn’t planning to enter the U.S.

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Power Global launches eZee swappable battery EVs in India 

Electric Vehicles India

Power Global launches eZee swappable battery EVs in India . A Noida based Power Global is a leading high-performance clean energy and mobility product for everyday applications has launched its first eZee swappable battery in India. Power Global swappable battery.

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Mahindra and Ford to explore strategic cooperation to drive profitable growth in India and other emerging markets

Green Car Congress

Mahindra Group and Ford Motor Company have agreed to explore a strategic alliance designed to leverage the benefits of Ford’s global reach and expertise and Mahindra’s scale in India and successful operating model. Global emerging markets; improving Mahindra’s reach outside of India. Connected vehicle projects. Electrification.

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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. Earlier post.).

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GM China begins prototype battery cell fabrication

Green Car Congress

These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. The expanded capability will also pave the way for GM to build strategic partnerships with battery cell and cell material suppliers, and make purchasing decisions as a “smart cell buyer.”. Earlier post.).

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Chrysler Group in 5-year, $18.2M partnership with McMaster University to develop advanced electric and hybrid powertrains; funding from Canadian Government

Green Car Congress

For McMaster, the project partnership is one of three new partnerships with Chrysler, the federal government and other auto industry leaders worth a combined $24 million. The project consists of three phases, each building on the achievements of the previous one. Chrysler Group LLC has entered a 5-year, $18.2-million

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Tesla margin tightrope is ‘keeping investors up at night’: Wedbush

Teslarati

Analysts were fixated on the 20-plus-percent margin level and whether Tesla’s strategy of cutting prices to undercut competitors and make its vehicles more affordable would hurt the company’s balance sheet. Tesla (TSLA) Q1 2023 earnings results: $23.3B in revenue, 19.3% percent, with Wall Street expecting 20.7 in revenue, 19.3%

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