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

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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. BYD last year sold 1.57

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

Green Car Congress

in Fremont, California for a low-cost/fast-charge (LCFC) technology development. Zenlabs has developed proprietary silicon-based formulations that offer higher specific capacity, longer cycle life, and lower cost. USCAR is the collaborative automotive technology company for Ford Motor Company, General Motors and Stellantis.

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

Green Car Congress

The United States Advanced Battery Consortium LLC (USABC) awarded a $3-million technology development contract to Amprius Technologies for a low-cost, fast-charge silicon nanowire cell technology for electric vehicles. The contract award, which includes a 50% cost share, funds a 30-month project that began earlier this year.

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

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

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On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event. For one, Musk said that Tesla was “quite far advanced” in working to develop the low-cost, high-volume EV, adding that he reviews the production line plans for that on a weekly basis.

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BYD had its slowest profit growth in two years in Q4

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Chinese automotive giant and electric vehicle (EV) maker BYD posted its 2023 earnings results this week, with the company reporting its slowest quarterly growth rate in almost two years. auto industry BYD’s full-year 2023 net profit increased by 80.7 The automaker posted 8.67 billion yuan (~1.2 percent to 180.04

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BloombergNEF shares its 2024 Electric Vehicle Outlook

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The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. “Electric vehicles are no longer only a wealthy country phenomenon.