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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

CEO Jim Farley recently confirmed that the company would purse sub-$30,000 electric models with its next-generation product line, and said that its existing models would become better in the meantime. CEO optimism is nothing new, as it’s often the only thing propping up companies’ stock prices.

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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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Tesla improves cost of goods sold per vehicle once again

Teslarati

Tesla improved the cost of goods sold per vehicle to slightly above $36,000, continuing to improve on the metric with a sequential reduction in cost every quarter. ” Tesla also noted: “Our team remains focused on growing our output, investing in our future growth, and finding additional cost efficiencies in 2024.”

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ASX and Spirit AeroSystems partner to develop affordable eVTOL aircraft for mass production

Green Car Congress

Airspace Experience Technologies ( ASX ), an aviation technology start-up, and Spirit AeroSystems, a global aircraft design and manufacturing company, have signed a memorandum of understanding and a definitive agreement to cooperate on creation of affordable, certified all-electric, vertical take-off and landing (eVTOL) aircraft.

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Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology

Electric Cars Report

announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology. Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt. Stellantis Ventures, the corporate venture fund of Stellantis N.V.,

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Stellantis invests in affordable sodium-ion battery technology

Teslarati

It named Tiamat as one of 11 top-performing technology startups, honoring the French company with the Stellantis Ventures Award in 2023. According to the legacy automaker, Tiamat is the first company in the world to recently commercialize sodium-ion technology in an electrified product.

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GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs

Green Car Congress

The company’s AI-powered platform and advanced research and development facility in Mountain View, California, will help accelerate GM’s commercialization of affordable electric vehicle batteries. Mitra seeks to maintain the cost advantage of iron-based materials while improving the energy density.

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