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

Teslarati

auto market anytime soon , some U.S. Credit: BYD At the same time, many automakers including Tesla are racing to build their next-generation, mass-market EVs, set to first be produced in Texas as soon as 2025 , then later at an upcoming factory in Mexico , and eventually at a yet-unannounced third location.

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Tesla’s $25,000 car to be built at Giga Texas, then Giga Mexico: Elon Musk

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Tesla CEO Elon Musk has shared some new details about the automaker’s plans for its next-generation, $25,000 electric vehicle (EV), including that it will be built first in Austin, Texas. On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event.

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Volkswagen faces mounting pressure from Tesla and BYD

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The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. For our nation, where the auto industry accounts for a large share of value creation, this is not just an economic issue, but also a question of security.”

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EV chargers increasingly a ‘necessity’ at LA apartments and stores

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As the auto industry transitions to electric vehicles (EVs), many have aired concerns that there will not be enough charging stations. According to one new report, many landlords and real estate owners in Los Angeles, California are rushing to construct new EV charging hardware at apartments, stores, office buildings and more.

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A look at Tesla’s potential new Gigafactory locations: Mexico, Canada, Indonesia or South Korea

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Tesla has an exclusive customs lane for parts from the Nuevo Leon border into Texas. Another benefit to building in Mexico is that Tesla vehicles would still qualify for EV subsidies in the United States from the Inflation Reduction Act (IRA). However, Jokowi emphasized his desire to build fully electric vehicles in the country.

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Tesla margin tightrope is ‘keeping investors up at night’: Wedbush

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Its factories in Texas and Berlin have ramped up production rates on several occasions thus far in 2023 already, and as manufacturing continues to grow at those factories, Tesla will also increase its annualized build rates with a new plant in Mexico.

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Tesla is redefining the “Made in China” moniker with Giga Shanghai: report

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It comments positively by saying Tesla accelerates transformation of entire auto industry & how it redefines MIC as high-quality prod in foreign markets. This has allowed Tesla to optimize its operations in the Fremont Factory, while accelerating the start of vehicle production in other sites like Gigafactory Texas.

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