Remove Affordable Remove Auto Remove News Remove Price
article thumbnail

CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 RMB per Wh, significantly lower than previous prices.

BYD 52
article thumbnail

Volkswagen aims to debut new affordable electric vehicles in 2027 with prices around $22,000

Baua Electric

Volkswagen is aiming for its new low-cost electric vehicles to debut in 2027. The new affordable VW EVs are expected to be priced around $21,800 (20,000 euros). VW said last week it was still looking at its options for affordable EVs. Volkswagen still wants prices around $21,8000 (20,000 euros).

article thumbnail

Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Even with the price cuts, the Mach-E’s turn rate reached 33%. billion last year.

article thumbnail

Tesla ‘must see stabilization’ in auto business, but analyst believes other strengths overlooked

Teslarati

Tesla ( NASDAQ: TSLA ) must see a stabilization in the negative earnings revisions within the auto business first,” but Morgan Stanley analyst Adam Jonas believes other “booming” portions of its business are being overlooked after the Q2 Earnings Call earlier this week. Energy Storage, Optimus).”

Auto 137
article thumbnail

Volkswagen Polo production ends in Europe to prep for smaller, more affordable EVs

Baua Electric

VW has ended Polo production in Europe as it shifts focus to smaller, more affordable EVs. According to the latest DataForce (via Automotive News ) figures, Volkswagen’s Polo was Europe’s 8th top-selling small car, with over 90,100 models sold this year through August 2024. 3 with starting prices under 25,000 euros ($27,500).

article thumbnail

Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. It now seems that Tesla is following suit, despite repeated promises that it would develop a mass-market EV at a reasonable price.

article thumbnail

Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. In a column shared on Friday, Automotive News Executive Editor Jamie Butters laid out an update to a 2022 piece that had initially called Tesla a luxury brand. average car price.