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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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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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Chemours to enter JV with BWT for Nafion-based heavy-duty fuel cell membrane manufacturing

Green Car Congress

The Chemours Company, a global chemistry company, plans to enter into a joint venture with BWT FUMATECH Mobility GmbH, an established player in multiple hydrogen markets, focused on fuel cell membrane manufacturing. Completion of the transaction is subject to customary regulatory approvals. Located in Germany, THE Mobility F.C.

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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 Chem's first product category is iron-based cathodes for Western battery applications.

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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

Green Car Congress

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. Honda is making progress on its all-solid-state battery technology which the company sees as the core element of future EVs.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.