article thumbnail

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

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. 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. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

article thumbnail

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.

article thumbnail

Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

Chinese 52
article thumbnail

Tesla Model Y 7-seater option gets $500 price increase

Teslarati

The Model Y with 7 seats now costs $3,000. As of this writing, the Tesla Model 3 Highland RWD starts at RMB 245,900, while the Dual-Motor AWD costs RMB 285,900 before options. Tesla maintains a good position in China’s electric vehicle auto industry through its competitive prices.

Price 100
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

article thumbnail

Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. Several factors have likely helped push Chinese lithium to its meager price. No element has become more synonymous with electric vehicles than lithium.

Price 139
article thumbnail

NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. Photo taken by CnEVPost.) percent year-on-year and 23.6

Price 141