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

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. 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 market anytime soon , some U.S.

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Tesla Model Y strengthens its position in Sweden

Push EVs

Sweden’s plugin electric vehicles took almost 60% of the auto market in March, up from 55.6% Overall auto market volume was 30,261 units, up some 5% YoY, though still below historical seasonal norms. The Tesla Model Y was the overall best selling vehicle of any kind, taking 10.6% of all passenger auto sales!

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January. Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). The company delivered a record 36,174 vehicles overseas in January. After selling nearly 1.6

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Lucid introduces new $7,500 discount as EV price war heats up

Teslarati

The effects of the Tesla price cuts from earlier this year are still being felt today. The Air sport sedan, being a luxury vehicle and having the appropriately associated price tag, does not currently qualify for the Federal tax incentive of $7,500, but that isn’t stopping the EV startup from introducing a discount of its own.

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ALTe Developing Series Plug-in Hybrid Powertrains for Conversion and OEM Applications

Green Car Congress

A Bloomfield, Michigan startup is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis. V8: from 14 mpg to up to 43 mpg, depending on vehicle use. Tags: Conversions Hybrids Plug-ins. Source: ALTe. Click to enlarge.

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Daimler, Evonik Automotive Li-ion JV to Build Factory This Fall in Kamenz; Application in Mercedes Vehicles from 2012

Green Car Congress

KG, the automotive lithium-ion battery joint venture formed in 2008 by Daimler AG and Evonik Industries AG ( earlier post ), will begin construction of its production facility this autumn in Kamenz, Germany. Production is slated to begin in 2011, with the first application of Li-ion battery systems in Mercedes vehicles from 2012.

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Tesla Motors reaches corporate profitability

Green Cars News

Big guns in the US auto industry like General Motors and Chrysler may still be reeling from the credit crunch, but upstart electric vehicle manufacturer Tesla Motors has achieved overall corporate profitability in July. A record 109 vehicles were shipped in July with a significant surge in Roadster purchases.