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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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A cheap Toyota EV? Not right now, the company says

Baua Electric

Toyota has no current plans to launch a cheap EV despite demand building. Toyota says no small, cheap EV is in the works Although many automakers, including VW, Stellantis, and Kia, have revealed plans to launch low-cost EVs under $30,000 (£25,000), Toyota says not so fast. He suggested automakers are sacrificing range for price.

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Battery revolution! Has Stellantis cracked the code for super-cheap EVs that will undercut ICE?

EV Central

The global auto giant Stellantis has done a deal with a French battery-maker to secure fresh sodium-ion battery technology for its future EVs that could see electric cars finally undercut petrol cars on purchase price. Has Stellantis cracked the code for super-cheap EVs that will undercut ICE? The post Battery revolution!

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Tesla cuts prices by $2,000 in US, Model Y back to its lowest price ever

Baua Electric

Tesla has dropped the price of the Model Y, Model S and Model X by $2,000 each in the US. Model 3 prices remain the same, as do prices of the newly-released Cybertruck. After that discount lapsed, it warned buyers ahead of time that prices would increase again by $1,000 at the end of the quarter. Cheapest US Model Y ever?

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Below $30,000! MG 2 coming in 2025 to shatter electric car price barrier

EV Central

Chinese-owned MG is hatching a cheaper sibling to its current all-electric MG 4 that will share tech but be priced from less than €20,000 ($33,000) when it makes its debut in 2025. MG 2 coming in 2025 to shatter electric car price barrier appeared first on EV Central. The post Below $30,000!

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EVs reach 90% market share in Norway as the overall auto market falters – Charged EVs

Baua Electric

of the entire auto market. The steady rise of EVs is occurring against a backdrop of slower overall auto sales. The trade group OFV (Norwegian Road Federation) ascribes the ailing auto market to weakness in the broader economy—interest rates are up, and so are prices for food and electricity.

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Teslarati

Wedbush maintained Tesla’s Outperform rating with a $315 price target as Q1 2024 ends. ” Last month, several firms dropped Tesla’s price target for varying reasons. .” ” Last month, several firms dropped Tesla’s price target for varying reasons. They believe reaching 2.1 million and 2.2

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