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Stellantis invests in affordable sodium-ion battery technology

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Stellantis’ investment in Tiamat supports its goal to provide customers with clean, safe, and affordable mobility worldwide. Stellantis & CATL battery factory in Europe expected to land in Spain The traditional OEM is experimenting with different battery technologies as it transitions to BEV sales.

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Tesla dominates January BEV sales in the United States with S3XY lineup all in Top 10

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Tesla’s domination of the United States electric vehicle sector continues Tesla’s Model Y, Model 3, and Model S claimed the top three spots of January’s U.S. BEV registrations, with its top two models combining for well over 60 percent of the total electric vehicle sales during 2022’s first month.

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Hyundai Metaplant America to boost its EV sales in the US 

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Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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Tesla price cuts push EV market toward affordability with broader influence

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Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. EV sales continue to increase as well, as the EV supply sits at 97 days at the beginning of October. At last check, we had 15 new EV models for sale that were not available a year earlier.

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Tesla raises prices of Model S and Model X in the United States

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Despite the price increase, however, the two vehicles remain more affordable compared to their cost last year. It should be noted, however, that the Model S and Model X, despite their recent round of price adjustments, are still about 16%-23% more affordable compared to the start of 2023. higher than its previous cost.

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Hyundai & Kia take second place after Tesla in US EV sales

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South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Based on sales data from S&P Global, Hyundai Motor Group is behind big names in the global auto market, including Toyota, Ford, and General Motors.

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Reports of an electric vehicle sales slowdown may be exaggerated

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A look at reports in the past months would show that a narrative around electric vehicle sales has formed. Considering the trends in the sales of vehicles like the Ford F-150 Lightning and startups like Lucid Motors, skeptics have claimed that electric cars are seeing a demand problem. That’s an increase of 36% from 2022.