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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. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. auto market anytime soon , some U.S. auto sector,” the organization writes.

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Ford compares new low-cost EV platform to Rivian and Tesla, says rivals will turn to China

Baua Electric

Ford CEO Jim Farley compared its new low-cost EV platform to Rivian and Tesla. Farley revealed the Skunkworks team was developing a low-cost EV platform for its next-gen EVs in February on a media call with investors. Ford has already said the platform will support several different types of vehicles.

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Tesla & Chinese EV Makers Putting Lot of Weight on These Low-Cost EV Batteries

CleanTechnica EVs

Electric vehicles often differ based on different battery technologies. US-based electric automaker Tesla has set the trend for years. s Elon Musk rose to dominate the world’s largest auto market last year.”

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Renault and VW may partner on low-cost BEV minicar

Baua Electric

Last week, news hit that Volkswagen, Renault, and Stellantis were weighing possibly joining together to make cheaper electric vehicles – fearing it’s their only option. Renault is eyeing 2026 for the launch of the full-electric minicar Twingo , with a target price below €20,000. FTC: We use income earning auto affiliate links.

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Ford is building a low-cost EV platform with some of the ‘best EV engineers’ to rival Tesla

Baua Electric

Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. It will be used to launch several new software-defined electric models. Ford’s leader said on the company’s earnings call that the company made a bet in silence two years ago to develop a low-cost EV platform. billion last year.

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BYD, Chinese EV makers account for +40% of German EV imports ahead of new tariffs

Baua Electric

Chinese EV makers, including BYD , accounted for over 40% of German EV imports through April 2024. Despite Chinese electric vehicle imports slipping 15.7% According to data released by the German statistics office Tuesday (via Reuters ), German EV imports from Chinese automakers like BYD reached 31,500 through April 2024.

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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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