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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 market anytime soon , some U.S.

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GM China begins prototype battery cell fabrication

Green Car Congress

GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. These systems are expected to be more affordable for GM customers around the world and help GM expand vehicle electrification. —John Du, Director of GM China’s China Science Lab.

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Tesla’s Elon Musk calls out President Joe Biden for union-loving EV narrative

Teslarati

This led to his notorious “You led” quote about Mary Barra, who is General Motors’ CEO. US President Biden pats GM CEO’s back: “You electrified the entire auto industry. While Biden has been a main driver of the EV story, he has refused at many points to mention Tesla when discussing the sector.

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GM’s epically bad year still earned it $10 billion – but that’s not due to EV sales

Baua Electric

GM released its annual forecast with fresh clarity, it says, about labor costs after the ink has dried on new union contracts in North America. GM released its annual forecast with fresh clarity, it says, about labor costs after the ink has dried on new union contracts in North America. billion last year.

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Ford, Volkswagen, and GM Explore EV-Powered Houses

Cars That Think

And in the last two weeks, one of the largest utility companies in the United States, Pacific Gas & Electric, announced plans to work with General Motors in experiments with their bidirectional charging technologies. And he’s skeptical about the cost factor in home bidirectional chargepoints.

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Federal Bankruptcy Court Approves GM Asset Sale to New GM

Green Car Congress

Judge Robert Gerber of the US Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation’s assets to NGMCO, Inc., will change its name to General Motors Company and continue to operate under GM’s historic corporate and sub brands. The old GM: 10%.

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Ford doubles EV goal for 2023 and has a new semiconductor partner to help

Teslarati

EV sector could be challenged by General Motors, who has solidified plans to sell at least 1 million EVs by 2025. However, GM’s popular Bolt EV will be sidelined for the remainder of the year. The auto industry will produce roughly 7.7 The shortage will cost the industry around $210 billion in revenue.

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