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Renault and VW may partner on low-cost BEV minicar

Baua Electric

The French automaker’s CEO, Luca de Meo, said at the Geneva Motor Show that the company is in “good discussions” with VW, according to a report in Automotive News Europe. The urgency is growing as European automakers are being far outdistanced by BYD and Tesla , the latter of which sells more EVs in Europe than any other brand.

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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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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. Ford is “secretly” developing a low-cost EV platform Following Tuesday’s Q4 and full-year 2023 earnings results, Farley explained that Ford is adjusting its capital while switching gears to focus on smaller EVs.

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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? The company also shared its intention to expand retail operations in North America and Europe. Fisker is scrapping plans for direct sales to customers.

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China’s Chery to set up shop in Europe

Baua Electric

This would be Chery’s first manufacturing site in Europe. According to Automotive News Europe , the talks are centered around Chery producing its cars at the former Nissan plant, which shut down in 2021 and where 1,600 people lost their jobs, with the plan to bring at least some of those jobs back.

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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

After months of investigation, the European Commission says it has found evidence that China has been “unfairly” subsidizing the EVs it exports to Europe. But now Europe may enforce its own tariffs. Still, it’s no surprise that China-made EVs are a big business outside of China, with BYD targeting Europe with a range of low-priced EVs.

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Jeep is launching a $25,000 EV in the US ‘very soon’ to revamp the rugged SUV brand

Baua Electric

Another low-cost electric vehicle is headed to the US. Stellantis already offers the Jeep Avenger EV in Europe, starting at around 35,000 euros, or roughly $37,800. If you ask me what is an affordable BEV, I would say 20,000 euros in Europe and $25,000 in the US,” Tavares said. Let us know in the comments.

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