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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

Morgan Stanley analyst Adam Jonas deemed Tesla and CATL the power couple that could recharge the United States electric vehicle (EV) market. In a note released earlier this week, Morgan Stanley writes that the United States is an under-penetrated EV market, whereas China is a fully-penetrated EV market.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. With new tariffs on Chinese EVs in the US and Europe, Hyundai and Kia will likely gain momentum into 2025.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4

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EVs reach 90% market share in Norway as the overall auto market falters – Charged EVs

Baua Electric

of the market, up from 90.1% of the entire auto market. The trade group OFV (Norwegian Road Federation) ascribes the ailing auto market to weakness in the broader economy—interest rates are up, and so are prices for food and electricity. Legacy vehicles are subject to heavy taxes, but there are few affordable electric models.

Norway 52
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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. Perhaps, more importantly, you can charge Hyundai’s electric sedan (10% to 80%) in as little as 18 minutes with 800V DC fast charging.

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Cheaper EVs are starting to show up in smaller global markets – Charged EVs

Baua Electric

Media coverage of EVs tends to focus on the world’s largest auto markets: North America, Europe and Asia. Until recently, that’s been where most of the action was, but in many smaller markets around the world, voltage levels are starting to rise. In these three markets, both versions start under $25,000.

Market 52
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BYD’s strategy to take over Europe [Feature]

Teslarati

BYD and other Chinese automakers have studied the European auto market for years. Now, it’s time to put their knowledge to the test and go all-in on the European auto market. Below are the strategies BYD and Chinese automakers are implementing to deploy their vehicles in Europe.

Europe 87