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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. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. auto sector,” the organization writes. The automaker also reached a production milestone of 200,000 Seagull EV units in November.

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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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Ford EV production push receives another shove

Teslarati

Ford has announced yet another investment in EV production, which will be critical if the automaker hopes to achieve its ambitious production targets. Undeterred, Ford announced that it remains on track to deliver on its EV production goals , including an annual run rate of 600,000 EVs this year and a run rate of 2 million by 2026.

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Canada commits $27 million to E3 Lithium, helping to launch production

Teslarati

Canada committed $27 million to E3 Lithium’s $87 million project for the construction of a demonstration plant specializing in Lithium production, the country’s Department of Innovation, Science, and Economic Development announced today. The $27 million will help get E3’s lithium production plant up and running.

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

A previous Teslarati article theorized that Ford’s adoption of Tesla’s NACS could change the electric vehicle (EV) charging landscape, specifically in the United States and the rest of North America. Electrify America uses CCS connectors and charging ports. market share in the United States.

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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota has ambitious EV battery production plans for the future. Other countries, like China, have started supported domestic battery production as well.

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More auto plant shutdowns for COVID-19

Green Car Congress

Joining BMW, Ford and FCA in suspension of production in the US due to COVID-19 ( earlier post ) are: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the US, through 3 April.

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