Ford may build its affordable EV platform in this key overseas market to revamp sales
Electrek
MARCH 22, 2024
Amid its shift to more affordable electric vehicles, Ford could build its new EV platform overseas as it looks to revamp sales.
Tesla Finally Appears to Make Moves Toward Building Affordable EV Model
The Truth About Cars
JANUARY 24, 2024
The long-rumored affordable, entry-level Tesla is almost here – maybe. Four years after the automaker first said it would build a cheaper EV, it appears things are in motion. Last year, CEO Elon Musk hinted at two new products, aiming for combined sales of five million units annually.
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Ford may build its affordable EV platform in this key overseas market to revamp sales
Baua Electric
MARCH 22, 2024
Amid its shift to more affordable electric vehicles, Ford could build its new EV platform overseas as it looks to revamp sales. Ford mulls affordable EV platform production in India According to a new report from Autocar India , Ford is looking to re-enter India. New Tesla Model 3 (Courtesy of Tesla, Inc.)
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GM, Honda announce new partnership to build affordable electric vehicles
Teslarati
APRIL 5, 2022
General Motors and Honda have announced a new partnership to develop affordable electric vehicles based on a global platform. “GM By 2027, GM and Honda plan to launch low-priced and affordable electric options, including compact crossover vehicles, officials said. I’d love to hear from you!
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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models
The Truth About Cars
MARCH 19, 2024
A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. Ford is also expected to build an EV for ridesharing services, and Bloomberg reported that Ford has fewer than 100 people working on the project. All automakers in the U.S.
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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027
Green Car Congress
APRIL 6, 2022
General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. The compact crossover segment is the largest in the world, with annual volumes of more than 13 million vehicles.
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In a power move, China’s BYD plans to build a factory in Europe
Electrek
NOVEMBER 6, 2023
Chinese-owned automaker BYD has announced plans to build a factory in Europe in hopes of bringing its affordable EVs to the masses there. As the brand picks up steam in sales, it will break ground on its first European factory, with Hungary selected as the location.
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Honda may build an EV factory in Canada featuring in-house battery cells
Teslarati
JANUARY 7, 2024
Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. “Each company remains committed to affordability in the EV market.” . “Each company remains committed to affordability in the EV market.” million sales per year by 2030.
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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024
The Truth About Cars
APRIL 16, 2024
In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. Ho Sung Song said that the car, based on the EV3 Concept, would go on sale before the end of 2024. That, and the brand needs an entry-level model to push buyers higher in the lineup over time.
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J.D. Power: US growing increasingly divided on EV adoption
Green Car Congress
SEPTEMBER 6, 2023
On a nationwide basis, EV adoption rates have continued to rise steadily, with EV sales now representing 8.6% Increasingly, the US is splitting into two camps when it comes to EV adoption: those states who’ve been aggressive about offering incentives and building infrastructure to support EVs and those that have not.
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Cheap talk: Volkswagen to bed Renault in race to build sub-$30k EV | reports
EV Central
DECEMBER 15, 2023
Created to be “affordable to the masses” it’s thought the new EV could be built on a new architecture that will slash costs further than cars based on the VW Group MEB, or the Renault’s CMF-EV architectures. An entry EV will also help prepare for the next wave of bargain-priced EVs that are already on sale in China.
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Confirmed! China’s Leapmotor to go on-sale in Australia in 2024 with C10 SUV
EV Central
MAY 14, 2024
Beyond that it has a variety of existing models it could add here quickly including the Mini-sized T03 electric car that has already been confirmed for European sale. It is also unclear if it would stick with BEVs or also offer hybrids, which Leapmotor also builds and sells in China. Leapmotor C01. The post Confirmed!
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Hyundai Metaplant America to boost its EV sales in the US
Teslarati
FEBRUARY 28, 2024
Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group is investing $7.59 billion in HMGMA.
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Tesla dominates Carvana EV sales, but the order might surprise you
Teslarati
JANUARY 17, 2024
Tesla dominated Carvana’s 2023 EV sales figures, but the order of vehicles might surprise you. It is a surprise considering the Model Y has largely dominated EV sales and led Tesla’s internal sales figures for a few years, especially this past year in the United States. percent of the total EV sales in the U.S.,
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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians
Green Car Congress
FEBRUARY 24, 2021
California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.
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Kia surprisingly tops Hyundai in market value with affordable EVs rolling out
Baua Electric
JANUARY 31, 2024
For the first time since 2001, Kia surpassed Hyundai in market value with new affordable EVs rolling out this year. million in sales (wholesale). Jung predicts Kia’s EV sales will grow another 50% this year to 270,000. The new affordable EVs are a big reason why Kia topped Hyundai in market value. trillion won).
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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars
Baua Electric
MARCH 6, 2024
Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Affordable electric cars are coming Kia has already revamped the brand as the industry transitions to electric with a new logo and design. Meanwhile, Kia has bigger (or, smaller and more affordable) plans.
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Group14 Technologies and SK materials form JV to build plant for lithium-silicon battery materials
Green Car Congress
JULY 20, 2021
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, and SK materials, one of the world’s top manufacturers of special gases and industrial gases, are forming a joint venture to build a factory for lithium-silicon battery materials in South Korea.
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New family of affordable Teslas detailed: ‘multiple’ EVs coming as part of 20 million vehicle push
EV Central
MARCH 1, 2023
Instead, Tesla laid out the building blocks for a new family of more advanced and affordable models that will form the foundations for the brand as it strives to build 20 million cars annually by 2030 – in turn surging past traditional brands such as Toyota and Volkswagen.
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Feature: Bridging the EV Affordability Gap
Clean Fleet Report
DECEMBER 27, 2021
In the Build Back Better Act, Congress proposed making the federal EV tax credit refundable and transferable through financing, making it easier for the middle class to save $7,500 on tax credits at point of sale or finance. The post Feature: Bridging the EV Affordability Gap first appeared on Clean Fleet Report.
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BYD to build new $1.2B battery factory in China
Teslarati
FEBRUARY 14, 2023
Just last year, BYD tripled its annual vehicle sales, with the vast majority of those being sold in China. Using an LFP chemistry , BYD advertises the battery as a more affordable, faster charging, and more durable option compared to more traditional NMC battery chemistries. The post BYD to build new $1.2B
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Stellantis’ JV approved, gaining exclusive rights to build and sell Leapomotor EVs outside of China
Baua Electric
MARCH 7, 2024
This deal is the first of its kind for a Western automaker and gives Stellantis the exclusive rights to build, export, and sell Leapmotor brand EVs outside of China, and it is already mulling some exciting markets for them. billion stake (21%) in Leapmotor – a prominent automaker in China. FTC: We use income earning auto affiliate links.
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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential
Baua Electric
MAY 8, 2024
According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of Carvana’s sales in The Sunshine State were BEV.
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Right on time! VinFast’s affordable range of electric cars are closer than ever to Aussie launch
EV Central
FEBRUARY 19, 2024
VinFast will not only sell right-hand drive models in Indonesia but also build them in a new factory with a small initial production capacity of 50,000. Even without sales here, in the short time since its establishment by Vietnam’s richest man Pham Nhat Vuong in 2017, VinFast has had a significant but troubled relationship with Australia.
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Honda looks to build a $14 billion EV and battery plant in Canada
Baua Electric
JANUARY 8, 2024
Reports say that Canadian industry minister Francois-Philippe Champagne has spent most of last year building up EV investments to solidify the country’s clean-tech future by offering tax breaks and the promise of overflowing renewable energy sources and rare minerals used in EVs. Thomas, Ontario, with production starting in 2027.
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Report: Tesla Ditched Next-Generation Gigacasting Plans
The Truth About Cars
MAY 2, 2024
Tesla had pushed toward developing a new platform for smaller, more affordable vehicles and initially thought it would cast the body in one piece. Reuters sources said the automaker has scrapped plans to further develop its gigacasting efforts, which drastically reduces the complexities involved with manufacturing unibody vehicles.
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GM becomes top automaker in the US, but its EV sales lag competitors
Teslarati
JANUARY 4, 2023
General Motors (GM) has announced its Q4 auto sales, showing that it has become the top automaker in the United States for 2022. As General Motors has quickly fallen behind traditional and up-and-coming rivals alike regarding EV sales, specifically Tesla, Hyundai/Kia, and Ford, it has moved towards more electric models and production.
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J.D. Power: new-vehicle transaction prices hit all-time high despite rising interest rates; sales volume constrained as inventory stays flat
Green Car Congress
JUNE 25, 2022
New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 15.0%
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Charging piles will become standard in new buildings in the UK
Setec Powerr
NOVEMBER 11, 2022
From 2022, new homes and buildings, such as supermarkets and workplaces, as well as buildings undergoing major renovations, will be required to install electric power under new legislation announced by Prime Minister Boris Johnson on 22 November Car charging pile. ” Electric vehicle sales surge. .”
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Ford is building a low-cost EV platform with some of the ‘best EV engineers’ to rival Tesla
Baua Electric
FEBRUARY 7, 2024
Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. The move to launch affordable EVs comes as several rivals announced they will do the same. Farley said Ford’s “ultimate competition is going to be affordable Tesla and the Chinese OEMs.” Ford is launching the electric Explorer in Europe.
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Tesla China’s rumored May sales slump debunked by CPCA Secretary General
Teslarati
JUNE 4, 2021
Tesla’s rumored sales slump in China doesn’t seem to be a worry of Cui Dongshu, the Secretary General of the Chinese Passenger Car Association. Yesterday, reports of a halving of Tesla’s sales in China ran a riot on the automaker’s stock. Tesla stock plummeted after the reports. What do you think?
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Tesla Model Y continues to lead auto sales in Norway
Push EVs
APRIL 8, 2023
Overall auto volume was 19,366 units, up some 19% YoY, and the highest March sales since at least 2016 (though compensating from a hangover earlier in Q1). The Tesla Model Y broke all records, with the highest monthly sales of any vehicle in Norway’s history, with 7,445 units registered, and over 38% of the entire auto market.
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Building a Profitable EV Charging Business
EV Connect
OCTOBER 23, 2023
Some forecasters project that 50% of total passenger car sales in the US will be electric by 2030. With that in mind, follow these strategies for building a profitable EV charging business to satisfy customer demand. but “Can my business afford to miss out on the shift towards EVs?”. There won’t be enough charging stations.
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Tesla Model Y, Model 3 dominate 2021’s EV sales charts…and it’s not close
Teslarati
JULY 20, 2021
Tesla’s Model Y and Model 3 combined for the ideal one-two punch in the global EV sales charts through 2021 so far. Both builds of the vehicle pack Tesla’s Dual Motor All-Wheel-Drive powertrain, one of the most robust and advanced in the entire automotive sector today based on quality and performance metrics.
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April auto gross sales defy financial hesitancy
Baua Electric
MAY 5, 2023
” Regardless of buying groceries process, affordability extra a priority. Chris Hopson, most important analyst at S&P World Mobility, stated the “unsteadiness” within the economic system shall be mirrored in auto gross sales, and volatility is most probably within the coming months. building up in April.
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NADA Knowledge: 2022 new-car stock up; automobile gross sales in keeping with dealership unwell
Baua Electric
MAY 10, 2023
The common new-car retail gross sales value in 2022 climbed 9.2 “Looking ahead into this year, I think as the chip supply improves, we will see OEMs again able to build more affordable vehicles, more entry-level models, lower-trim vehicles,” he mentioned. of overall gross sales, with impaired cars accounting for 38.3
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South Burlington approved zoning change that brings Tesla closer to its first Vermont sales center
Teslarati
DECEMBER 6, 2022
Earlier this year, Tesla requested that the commission rezone the property for its sales center. Lot and building coverages and setbacks would not be affected.” ” “In Area (2), auto sales would no long er allowed following a change from C1- Auto and C1 – R15. LDR-22-08 would continue to permit that use.”
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Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023
Baua Electric
JANUARY 10, 2024
Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 Meanwhile, Tesla wasn’t the only company with record EV sales last year. million EVs were handed over in the US last year.
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Another One Bites the Dust: Kia Killing the Rio After 2023
The Truth About Cars
AUGUST 23, 2023
Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Hyundai cut the Rio’s corporate counterpart, the Accent, after 2022, and sales of the subcompact have been slow for a while. Though disappointing, the move isn’t a surprise.
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The Tesla Model 3 was a force to be reckoned with in Germany’s Dec 2021 vehicle sales
Teslarati
JANUARY 10, 2022
This effectively made it the 2nd-best-selling car in Germany, only behind the much smaller and much more affordable Volkswagen e-up!, The results of Germany’s vehicle sales in December 2021 bodes very well for the electric car revolution as a whole. which sold a total of 6,742 units in December 2021. is a small city car.
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GM: Q2 gross sales up 19% on industrial, SUV positive factors
Baua Electric
JULY 6, 2023
light-vehicle gross sales surged 19 % in the second one quarter as all 4 of its manufacturers posted double-digit positive factors. GM stated its retail gross sales rose 15 % time over time, time gross sales via GM Envolve, a newly created unit that mixes fleet and its BrightDrop logo of electrical supply trucks, jumped 34 %.
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President Biden proposes $174B spend on EVs and chargers
Green Car Congress
APRIL 1, 2021
Giving consumers point of sale rebates and tax incentives to buy American-made EVs, while ensuring that these vehicles are affordable for all families and manufactured by workers with good jobs.
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Ford boasts over 167 percent growth in EV sales, announces Wal-Mart’s 1,100 E-Transit order
Teslarati
FEBRUARY 2, 2022
Ford released its January 2022 Sales Release, boasting some impressive figures in terms of electric vehicle sales. Ford states that its sales were up 167.2 The Mustang Mach-E, currently Ford’s only available electric vehicle, accumulated 2,370 sales in January. percent increase in overall retail sales.
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Tesla Model 3 claims top spot in February global EV sales, Model Y takes third
Teslarati
MARCH 31, 2021
Tesla took two of three podium spots in February’s Global Electric Vehicle Sales rankings, with the Model 3 taking the top position. The EV Sales Blog says the Model 3 was registered 28,014 times in February, beating the Wuling HongGuang Mini EV by just under 8,000 units. Credit: EV Sales Blog.
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