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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 is noted for producing lithium iron phosphate (LFP) cells, which are affordable to produce but generally have lower density than NCA (nickel cobalt aluminum) batteries, which Tesla also uses.

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Nissan and Honda may team up to slash EV prices and take on Chinese automakers like BYD

Baua Electric

Nissan and Honda are considering teaming up to introduce more affordable EVs to compete with Chinese automakers like BYD. Nissan looks to move to a common EV powertrain, which the two could partner up on purchasing. The aim is to reduce EV prices as the automakers look to Chinese automakers with low-cost models like BYD.

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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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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. Earlier this year, local reports from Chinese media outlets hinted that a vehicle that’s more affordable than the Model 3 would likely start testing at the latter half of the year. .

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD’s general manager of its Asia-Pacific Sales Division said people were lining up to purchase the car after hitting its 10K sales goal in just 42 days. BYD is pressuring legacy automakers after slashing EV prices and introducing a series of more affordable “Honor Edition” models. It will rival Tesla’s entry-level $25,000 EV.

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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

He also admitted that Tesla’s vehicle purchasing process has become overcomplicated. Low cost, simple, and it just works. The analyst asked a follow-up question about Chinese competitors, which could copy Tesla’s vehicles. “I don’t know what our Chinese competitors can do,” he said.

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Will AI Steal Submarines’ Stealth?

Cars That Think

Nuclear-powered submarines, such as the Virginia - class fast-attack submarine, each cost roughly US $2.8 And that’s just the purchase price; the total life cycle cost for the new Columbia - class ballistic-missile submarine is estimated to exceed $395 billion. For example, the Chinese Navy has invested in a fishlike.