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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. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto sector,” the organization writes.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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American Battery Technology Company receives $2M USABC award to demo integrated Li-ion battery recycling technologies

Green Car Congress

We are excited that through this demonstration ABTC will work together with such highly respected industry leaders to demonstrate a low-cost, low-environmental impact, integrated lithium-ion battery manufacturing supply chain to enable a true closed-loop domestic circular economy.

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USABC awards $3.5M low-cost/fast-charge battery technology development contract to Zenlabs Energy

Green Car Congress

USCAR is the collaborative automotive technology company for Ford Motor Company, General Motors and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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USABC awards $3M low-cost/fast-charge EV battery technology development contract to Amprius Technologies

Green Car Congress

USCAR is the collaborative automotive technology company for Ford Motor Company, General Motors and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

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Will Tesla’s Sales Revenue Surpass GM’s & Ford’s By 2025?

CleanTechnica EVs

Legacy automakers like General Motors and Ford have dominated much of the auto industry for decades. However, with electric vehicles gaining traction, Tesla could be poised to overtake the companies in a few short years — if it can continue growing rapidly each year as it has been.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

Based on company announcements through 2020, about 5% of this global total is actively being invested in local US assembly plants. About 33% of General Motors’ $27-billion EV commitment is being invested in specific US assembly plants. Continuing on this path would hurt the domestic US auto industry’s prospects for decades.

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