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XPeng buying Didi’s Smart electric car unit to launch new affordable EV brand in 2024

Electrek

Chinese EV maker XPeng (XPEV) announced Monday it plans to buy out Didi Global’s Smart electric car division. XPeng revealed the partners will launch a new mass-market EV brand next year with a starting price of around 150,000 RMB (roughly $20,500).

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Tesla China announces 0% down ‘Financial Leasing’ with buy-out options

Teslarati

Tesla China has announced a new “Financial Leasing” plan for more affordability as it offers the option of 0% down to purchase a vehicle, as well as several other financing options. Widespread EV adoption is already occurring in China, and Tesla is among the most popular manufacturers in the market.

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

Baua Electric

A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Ford Mustang Mach-E (Source: Ford) Nearly a month after the price cuts took effect, Mach-E tripled its vehicle-movement share in the EV market, hitting 13.3% New data shows sales are up while inventory is finally dwindling.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4

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Comment on Nio president says rumored European sales figures inaccurate, far below actual results by simon818818

CN EV Post

As Chinese living in Europe, Chinese market differs a lot to the European one. I am not familiar with the USA market, therefore I will not comment. In summary, European market is a much more regulated than the Chinese one. @GustavoMan627 In reply to GustavoMan627.

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Jeep is launching a $25,000 EV in the US ‘very soon’ to revamp the rugged SUV brand

Baua Electric

Meanwhile, the rugged SUV brand is already planning a more affordable EV model. If you ask me what is an affordable BEV, I would say 20,000 euros in Europe and $25,000 in the US,” Tavares said. Our job is to bring the safe, clean, and affordable BEV to the US,” he added, “We’ll do it.” Let us know in the comments.

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Asian EV Manufacturers You Should Know

Clean Fleet Report

Asia’s EV market is growing rapidly. Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. Now, they plan to sell to markets abroad, already launching dealerships in the US and Germany.