Tesla confirms it’s developing affordable global EV in China

Green Car Reports

Development of an affordable Tesla electric car will take place in China, the head of the company's Chinese operations confirmed in an interview with state media.

Wheel-E Podcast! E-bike charging stations, Luna review, USPS mail bikes, Chinese e-trike & more

Electrek

E-bike charging stations, Luna review, USPS mail bikes, Chinese e-trike & more appeared first on Electrek. This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Depending on how proposed government regulations of the sector unfold in 2019 and beyond, sales could rise significantly as low-speed electric vehicles penetrate deeper into lower-tier markets where motorcycles and bicycles remain the prevalent means of transport, as well as into the increasingly crowded urban areas where space is at a premium and many residents still cannot afford larger vehicles.

2019 270

Renault introducing new affordable urban EV in China first in 2019, new electrification options on three popular models in 2020

Green Car Congress

Renault will introduce a new, affordable urban electric vehicle in 2019, coming first to China, and new hybrid and plug-in hybrid options on three of its popular vehicles in 2020. It will be manufactured locally by e-GT New Energy Automotive Co, the joint venture with Dongfeng Motor Group and Nissan created to develop and produce competitive electric vehicles for the Chinese market.

2018 177

Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

Because there are only a few Chinese-made EVs available now and likely in the near term in the US, there will be very little actual impact on automakers and overall sales of electric vehicles in the US. Legislation & Regulations Tax credits China Chinese EVs Federal EV tax credit

Xpeng reveals new, affordable P5 sedan to compete with Tesla Model 3

Teslarati

Chinese electric car company Xpeng Motors has revealed its new P5 sedan. The P5 is affordable and surprisingly less expensive than the widely popular Model 3 in China and includes a series of new driverless technology features that are powered by polarizing LiDAR systems.

Chinese electric sports car Qiantu K50 might be made in U.S., with Coda connection

Green Car Reports

There's quite a list of Chinese automakers that are relatively unknown outside China yet have grand plans to enter the U.S. The latest is China’s Qiantu Motor, which is developing an all-electric luxury sports car called the K50, The K50 will be sold through California’s Mullen, which claims to be “the affordable electric. market.

2018 90

Chinese electric carmaker Nio seeks public funding in US

Green Car Reports

Chinese electric carmaker Nio has filed for an initial public offering to sell its stock in the U.S., The company, which has built a Formula E race car, an exotic electric sports car, and an electric SUV for China, is looking to ramp up production and build a smaller, more affordable SUV. according to a Reuters report Tuesday.

2018 62

GYON adds name to long list of Chinese EV startups

China EV

Another EV startup — that will produce “affordable luxury” electric vehicles — has popped up. Most — actually all except for me — of the journalists there were Chinese, most flown over from China, it seems. The first press release was in Chinese.

China 52

Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets

Green Car Congress

million units in the months through September, as lower-priced automobiles have become more affordable for better-off Chinese people, according to data released by the China Association of Automobile Manufacturers (CAAM) on Oct. Xinhua.

2010 200

Kandi electric car open to US orders August 18, with $20,499 starting price

Green Car Reports

And while most brands haven’t yet scaled up and cut battery costs to the point where they can reach that affordability point, a Chinese import called Kandi. When will electric vehicles be priced as low as comparable gasoline vehicles—or even lower than them?

2020 169

XPeng launches P5 in China starting around $24,500 with plans for a European version

Electrek

Chinese EV automaker XPeng Motors has officially launched its new P5 sedan in China, ahead of deliveries in October. From what XPeng has now shared, the P5 has the advanced features and affordable pricing to find success in multiple markets.

Geely testing Emgrand methanol hybrid sedan in -40 C conditions

Green Car Congress

F) Arctic conditions in the frigid northern Chinese province of Heilongjiang. With methanol fuel price at Chinese pumps around 3RMB/L (€0.42/L or US$1.8/Gallon), fuel costs per 100km is roughly 27RMB (€3.85 Geely is testing the world’s first methanol hybrid sedan in sub -40 °C (-40 ?F)

Hybrid 355

Tesla’s $25k car gets update on its final name, options, and potential release date

Teslarati

This is notably conservative as previous reports from China hint that work on an affordable Tesla is already underway. Assuming that Tesla could indeed develop a fully autonomous solution for its vehicles, a fleet of affordable Robotaxis would definitely make sense.

Honda bringing Insight and Fit Hybrid to market in China; prepping for local production

Green Car Congress

In order to offer its hybrid models to Chinese customers at more affordable prices, Honda will begin preparation for local production of hybrid models in China in 2014. Honda also is planning to open a tentative design studio in China before the end of this year to strengthen the development of exclusive China models by Chinese designers.

2012 226

GM fast-charging, Hummer EV details, Lucid DreamDrive, Kandi cars: The Week in Reverse

Green Car Reports

Which Chinese brand is aiming to have the most affordable EV in the U.S. market? What looks like a modern-but-downsized electric VW Microbus? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending July 31, 2020.

2020 79

Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

However, the study reveals there has been an increase in interest in the US and Chinese markets. The Ipsos Study uncovered the top five issues: driving range, affordability, access to charging stations, overall ownership cost and battery life.

2020 351

Tesla rumored to use BYD ‘Blade’ battery days after $25k car speculation swirls

Teslarati

Tesla could use Chinese automotive company BYD’s new, ultra-safe “Blade” battery design in some of its vehicles in 2022.

BYD 109

Tesla China’s new King: The Model Y overtakes Model 3 in September

Teslarati

Tesla China has a new King EV, according to figures from the Chinese Passenger Car Association (CPCA). However, it has taken a backseat to the more affordable but less luxurious HongGuang Mini EV from GM’s conglomerate with Wuling and SAIC in China.

China 114

SoCalGas to test technology that separates hydrogen from natural gas when the two are blended in pipelines

Green Car Congress

At scale, the technology would allow hydrogen to be easily and affordably transported via the natural gas pipeline system, then extracted and compressed at fueling stations that provide hydrogen for fuel cell electric vehicles (FCEVs).

2020 376

BYD: tiny electric cars for China could be 75 percent of sales

Green Car Reports

Chinese automaker BYD was the world's largest producer of plug-in electric cars last year, and the outlook for new markets in its home country are quite healthy, suggesting strong continued growth. BYD plans to tackle the country's inland cities, viewed as a new frontier for automakers, with a small and very affordable electric car.

2017 84

Volkswagen unveils ID.6 EV in China; third ID. model on market

Green Car Congress

The economies of scale that we have achieved allow us to offer the latest technology at an affordable price—and thus further expand our electric offensive. Volkswagen unveiled the third model in the ID. family, the ID.6, at the Auto Shanghai. The vehicle is the first model of the ID.

China 227

BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Since September, Chinese producers have raised LFP prices by between 10-20%. This would impact EV affordability or manufacturers’ margins and could hurt the economics of energy storage projects.

2020 378

Tesla Model Y Standard Range lives on in China — and it’s priced to kill

Teslarati

BREAKING: Tesla China officially launched the MIC Model Y Standard Range RWD, with a starting price of ¥276,000, Chinese people definitely prefer Model Y, the price is really attractive, Tesla going to sell like hot cakes in China #Tesla #TeslaChina #MIC #ModelY #???

Elon Musk confirms Tesla’s $1.4 billion loan for Giga Shanghai was paid off early

Teslarati

billion loan, which was granted from Chinese banks, in just sixteen months. billion loan from Chinese banks, this was likely fueled by the widened gross margins Tesla was receiving from its vehicle sales.

Tesla’s $25k EV inches closer as official confirms Giga Shanghai’s localization rate

Teslarati

With a fully localized supply chain, Giga Shanghai could effectively play the part of the company’s export hub, producing vehicles for both the local Chinese and international markets.

China 113

Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. It will be affordable for young families and new buyers across China, not just the coastal mega-cities. The number of registered passenger vehicles in Chinese cities with no license plate restrictions is expected to soar to about 23.7

2018 174

Tesla Gigafactory Shanghai’s new major expansion is starting

Teslarati

But even at this stage, and amidst Tesla’s efforts to release a more affordable, $25,000 car for the Chinese market , a need for a bigger production facility has emerged. .

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.

Tesla Model 3 risk, BMW diesel, EPA deletes science, Shanghai electric-car surge: Today's Car News

Green Car Reports

Today, we run down a whole host of electric cars that Chinese buyers saw and we didn't, look at a potentially risky move by Tesla on its affordable Model 3, and explain why the EPA has eradicated all mention of climate science from its website.

2017 67

ZF establishes third research and development center in China

Green Car Congress

ZF Friedrichshafen AG is establishing a third Chinese research and development center in Guangzhou in southern China. Together, the three research and development centers in China will be able to offer ZF customers comprehensive system solutions ranging from software to hardware, thus contributing to clean, safe, and affordable next-generation mobility. ZF already has two development centers in China, both located in Shanghai.

2019 174

Tesla Gigafactory Shanghai is practically overflowing with Model 3 and Model Y

Teslarati

Given the date of the video, the cars are likely for the local Chinese market. Recent aerial footage from Tesla Gigafactory Shanghai has revealed that the facility’s holding lot is reaching maximum capacity as production rolls full steam ahead in the last few weeks of the fourth quarter.

Tesla 113

Tesla prepares to overtake China’s auto market with two major milestones

Teslarati

Tesla entered the Chinese market as a domestic manufacturer of its automobiles in January 2020. In the coming years, Tesla will likely expand these figures once again, preparing for a takeover of the Chinese automotive market.

China 103

Elon Musk was right about Tesla in China, and March registrations prove it

Teslarati

Elon Musk believes China will be Tesla’s biggest advantage in the long term, and new data from a Chinese automotive organization that tracks vehicle registrations proves the CEO is right.

China 103

Smart Phone Giant OPPO To Enter The EV Sector

Get Electric Vehicle

Recent reports suggest that OPPO plans to debut electric vehicles in India by 2023 or 2024, with the initial model being an affordable electric scooter. This could indicate that the company is the first among a slew of Chinese tech firms eyeing the Indian EV market.

Renault, Minth Group agree to expand EV battery plant in France

Teslarati

Renault Group announced yesterday that it would be entering a joint venture with Chinese parts manufacturer Minth Group to expand an existing production facility to manufacture battery parts.

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. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers.

2017 150

Vitesco launches EMR3 e-axle for Dongfeng

Green Car Congress

Dongfeng Passenger Car Corporation uses the axle drive for its new all-electric version of the Yixuan car, a recent passenger car model which belongs to the Chinese A-segment that would internationally be considered a C-segment.

2020 227

Tesla Model Y Standard Range is a hit in China

Teslarati

Model Y sales numbers in August or September could project if Tesla’s affordable crossover will eventually sell more than the Model S, 3, and X combined—as Elon Musk predicted. The Tesla Model Y Standard Range has attracted flocks of people to Tesla stores in China.

Tesla China’s rumored May sales slump debunked by CPCA Secretary General

Teslarati

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. However, Cui told Chinese media outlet the Global Times that he doesn’t necessarily believe that sales will be that low.

China 102

Tesla in talks with new LFP cell supplier for low-cost battery deal: report

Teslarati

Tesla is reportedly in talks with Chinese battery maker EVE Energy Co for a potential supply deal for low-cost batteries. EVE’s cells may then be used in more affordable variants of the Made-in-China Model Y, or perhaps even the $25,000 car that’s expected to be unveiled soon. .

Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

Green Car Congress

To increase the affordability of Model 3, Tesla is accelerating its manufacturing timeline in China. We expect gross margin for Model 3 to remain stable in Q4 as manufacturing efficiencies and fixed cost absorption offset a slightly lower trim mix and the negative impact of tariffs from Chinese sourced components. For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4

2018 203

Tesla China sales rise 30% in May, definitively debunks reports of weak demand

Teslarati

The data was released recently by the Chinese Passenger Car Association (CPCA). Tesla China may also see more tailwinds in the near future, particularly as the company is reportedly looking to unveil an affordable, $25,000 car for the local market. .

Legal 99