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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. auto industry appeared first on TESLARATI.

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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.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

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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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Watershed Moment – The BYD Qin Plus Honor Edition – $15k

My Electric Car

A direct challenge to ICE vehicles and the Tesla Model 2 BYD’s unveiling of the Qin Plus EV Honor Edition marks a significant milestone in the electric vehicle (EV) industry, especially in the affordable vehicle segment. Market Positioning : Tesla’s brand is synonymous with luxury and high performance.

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DOE to invest up to $100M in two new consortia to advance hydrogen and fuel cell R&D

Green Car Congress

One consortium will conduct R&D to achieve large-scale, affordable electrolyzers, which use electricity to split water into hydrogen and oxygen. This R&D will complement and help support large industry deployment by enabling more durable, efficient, and low-cost electrolyzers. —Assistant Secretary Simmons.

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

Green Car Congress

CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. Canada-based Carbon Engineering Ltd. (CE) since 2015. —Steve Oldham, CEO of CE.

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