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Used car mkt sees price surge, SUV demand – ET Auto

Baua Electric

lakh, said Vinay Sanghi When Dilip Singh was looking to sell his seven-year-old SUV whose odometer had clocked nearly 1 lakh km, he was surprised to find that he managed nearly 70% of the cost of the vehicle. Used car marketers say the demand pull means a slightly older SUV is available for the price of a hatch. lakh and INR 7.1

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

The startup is now turning to auto dealerships for sales and services. “I went to my accounting department and asked what is the cost of selling a car? In September 2023, Fisker shared that it ramped production of the all-electric Ocean crossover SUV to 300 units per day.

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Jeep production facility halted due to cost of EV transition, says Stellantis

Teslarati

According to CNBC , the Jeep Belvidere Plant currently produces the Jeep Cherokee mid-size SUV, a vehicle that has been hit particularly hard this year as sales have plummeted by over 60%. Stellantis calls the move “difficult but necessary” as it battles with increased costs as it transitions to producing electric vehicles.

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NIO launches new ET7, unveils new ES6 at Shanghai auto show

CN EV Post

| NIO US | NIO HK | NIO SG NIO (NYSE: NIO) today officially launched the 2023 model year ET7 sedan and gave the debut of the revamped ES6 SUV as planned. If customers choose the BaaS (battery as a service) option, both models start at RMB 388,000, with monthly battery rental costs of RMB 980 and RMB 1,680 respectively.

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Battle for ‘tech luxury’ in China as EVs get smarter – and cheaper – ET Auto

Baua Electric

But other Chinese automakers, including state-run companies that were later entrants to the EV race, have closed the gap on sub-USD 10,000 EVs at the Beijing auto show that began Thursday. Last year, BYD shocked the automotive industry with the release of its Seagull EV, now priced under USD 10,000, at the Shanghai auto show.

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Ford splitting auto business into two distinct entities: Ford Blue and Ford Model e

Green Car Congress

Ford is forming two distinct, but strategically interdependent, auto businesses: Ford Blue and Ford Model e. The creation of Ford Model e was informed by the success of small, mission-driven Ford teams that developed the Ford GT, Mustang Mach-E SUV and F-150 Lightning pickup as well as Ford’s dedicated EV division in China.

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Tesla slashes costs of top rate fashions through 45,000 yuan (6,204 USD) in China

Baua Electric

Each discounted fashions are imported as Tesla’s Giga Shanghai plant manufactures handiest the Type Y SUV and Type 3 sedan. Type S and X deliveries began on March 27, and on Might 5, Tesla even confirmed some self assurance and raised the costs of each fashions through 19,000 yuan (2,600 USD).

Cost Of 52