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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

Kia 52
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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

Kia 52
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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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Lincoln puts EVs on the back burner amid Ford’s shift to more affordable EV models

Baua Electric

After Ford announced a surprising shift to more affordable EVs, its luxury Lincoln brand is putting electric on the back burner. Lincoln backtracks on EVs as Ford shifts to affordable In an interview (via Detroit News ), Lincoln President Dianne Craig said that the company is “listening to what customers really need.”

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Will it be a Hossan or Ninda? Honda dumps GM, plans new family of affordable electric cars with Nissan

EV Central

Nissan and Honda have co-signed a historic deal that will see the two major Japanese car-makers join forces to fast-track a new family of EVs that will be sold globally. A smaller less sophisticated version will also be used under the low-cost small hatchbacks like the Renault 5 and the cheaper Renault Twingo.

Honda 89
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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Affordable electric cars are coming Kia has already revamped the brand as the industry transitions to electric with a new logo and design. Meanwhile, Kia has bigger (or, smaller and more affordable) plans. billion in EV investments.

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Tesla Model 2 abandoned? Multiple sources say $25,000 electric car dead, Elon says it’s all lies

EV Central

According to Reuters multiple sources behind the scenes have confirmed the affordable EV is no longer happening with resources switched to developing self-driving robotaxis. No timeline has been given for when Tesla plans to introduce its robotaxi but more will be revealed following the unveil of the concept in August.