CN EV Post

MARCH 13, 2023

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.

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Green Car Congress

NOVEMBER 21, 2021

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.9% As was the case in October, some of the monthly increase is a result of the seasonal adjustment, as November typically sees above-average vehicle depreciation and therefore used price declines. increase from November 2020. year over year.

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Baua Electric

MAY 21, 2024

Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages , including CLSA , to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of INR 390.

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Baua Electric

APRIL 29, 2024

NXP had increased pricing by about 8% in 2023 to help maintain its margins in the face of higher input costs. The company said in February it expects pricing to be flat in 2024. After many quarters of working down existing chip inventory, orders from industrial and mobile customers show signs of rebounding.

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Baua Electric

MAY 20, 2024

The world’s lithium miners — facing an unprecedented demand surge and wild price swings — are shaking up the way the commodity is bought and sold. These sales are a significant step for lithium, which until relatively recently was largely sold at prices fixed in long-term contracts. Albemarle Corp. , Albemarle Corp. ,

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Teslarati

APRIL 26, 2023

Used Tesla Model 3s and Model Ys aren’t depreciating nearly as fast as their luxury vehicle counterparts, despite five price cuts in the year’s first quarter. One concern many Tesla owners have shared online following the series of price cuts implemented by Tesla is that their vehicles would, in turn, dramatically depreciate.

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CN EV Post

MARCH 16, 2023

A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. The Volkswagen Phideon, with an official guide price of RMB 343,000 to RMB 449,000, received an RMB 50,000 discount, while most other models received discounts of RMB 25,000 to RMB 30,000.

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CleanTechnica EVs

DECEMBER 13, 2023

Our dealer-connected auto industry veteran of many years, Jo Borras, came across a big find this week. continued] The post Electric Vehicle Prices Get MUCH Closer To Conventional Vehicle Prices! It’s a Cox. appeared first on CleanTechnica.

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CN EV Post

MARCH 9, 2023

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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Baua Electric

MAY 9, 2024

China has released draft guidelines aimed at reining in the country’s lithium battery industry , which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports.

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Green Car Congress

DECEMBER 13, 2022

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels. in October.

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Baua Electric

MAY 3, 2024

Albemarle pointed to higher EV sales in China in April, including at major automaker BYD, as a positive sign for lithium prices, but cautioned that current pricing would limit new projects from getting off the ground. “If prices stayed where they were today, you’d see us ramping capex down. billion and USD 1.8

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Baua Electric

MAY 23, 2024

million for the first three months of the year, as oversupply of the metal needed for EV batteries drags on prices. SQM Chief Executive Ricardo Ramos, said that despite growth in sales volumes, the quarter had been hit by average sales prices for lithium that dropped over 75% to USD 12,600 per ton. This brought a loss of USD 3.04

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Baua Electric

MAY 2, 2024

Lithium prices had fallen by more than 80% in the year up to March, according to a basket tracked by Benchmark Mineral Intelligence. Albemarle , the world’s largest producer of lithium for electric vehicle batteries , on Wednesday missed first quarter profit estimates on lower prices. Prices in the unit fell 89%.

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Baua Electric

APRIL 4, 2024

Sigma Lithium ‘s chief executive won’t sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview. “At these prices, we are not selling,” she said. “It was unfortunate we did it against massive headwinds of this price.”

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Baua Electric

FEBRUARY 29, 2024

Indonesian miners and smelters are still making good margins despite the price drop linked to higher nickel processing, and will benefit further from the shift as lower prices support the country’s battery industry, a senior official said on Thursday. “Not as ‘wow’ as two years ago, but still pretty good.”

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Baua Electric

APRIL 30, 2023

Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia.

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InsideEVs

JANUARY 23, 2023

While the shock comes as no surprise, the more interesting part will be how it impacts rival brands' future pricing and offerings.

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Auto Industry Price Industrial Industry 77

Teslarati

JANUARY 8, 2024

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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Teslarati

MARCH 23, 2023

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

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CN EV Post

OCTOBER 25, 2022

Tesla's price cut has made the competition in China's NEV industry more intense, with competing models of the Model 3 and Model Y likely to follow, analysts say. The post Tesla price cut: What does it mean for NIO, XPeng, Li Auto? appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Baua Electric

FEBRUARY 29, 2024

Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. The group’s share price has slid around 30% in the last 12 months.

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Baua Electric

JANUARY 15, 2024

The spot market in China will likely remain tepid, leading to a build-up in inventories which could weigh on prices, they said. London copper prices were steady on Monday as the U.S. producer prices unexpectedly fell last month. dollar makes it cheaper for traders to buy the greenback-priced commodity. A weaker U.S.

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Baua Electric

MARCH 4, 2024

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. 2024 is likely to see the industry stabilize and return to normal. 2024 is certainly promising, although with its own challenges.

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Green Car Reports

JULY 5, 2022

EV prices are soaring at a non-sustainable rate, one auto-industry executive warns. As noted by Autoblog, several automakers have raised prices on their electric models in recent months. Tesla has raised prices multiple times this year, and the GMC Hummer EV got a $6,250 price bump last week.

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Price Hummer GMC Auto Industry 193

Baua Electric

FEBRUARY 29, 2024

This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 RMB per Wh, significantly lower than previous prices.

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BYD Affordable Price Auto 52

Baua Electric

JANUARY 21, 2024

With new car prices soaring over the last few years, the value of used cars has also gone up. In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 lakh, a Baleno is priced between 4.7

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CN EV Post

MARCH 9, 2023

Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged. Since the end of last year, several EV makers have cut prices, including Tesla and XPeng (NYSE: XPEV).

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CleanTechnica EVs

MAY 13, 2023

Tesla’s price reductions in the first quarter of the year have sent waves through the auto industry. As legacy automakers and startups both try to catch up to Tesla’s electric vehicle dominance, some are wondering if the automaker’s price cuts could actually spur on a quicker transition to EVs.

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Baua Electric

MAY 27, 2024

App-based ride-hailing platforms Uber, Ola and Rapido challenged the notification arguing that the Motor Vehicle Aggregator rules allowed them to charge a 20% commission along with a surge price during peak hours. The judgement, he added, would facilitate smooth operation of app-based auto rides. “I

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Baua Electric

JANUARY 10, 2024

A meltdown in some of the most-hyped energy-transition metals is wreaking havoc across the mining world, stalling projects, scuppering deals and triggering a scramble for cash that promises to reverberate through the industry for years. Battery metals have been a bright spot for the mining industry in recent years.

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Baua Electric

MARCH 9, 2024

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. General Motors said on Friday it is resuming sales and cutting the price of its Chevrolet Blazer EV after software quality issues prompted the largest U.S.

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The Truth About Cars

SEPTEMBER 15, 2023

UAW President Shawn Fain said the Union would expand the strike in intervals to put more pressure on the auto giants, with plants in Michigan, Ohio, and Missouri being the first to stop work. However, it also puts pressure on the workers, who will only receive a $500 payment from the Union if the strike extends past eight days.&

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Teslarati

NOVEMBER 18, 2021

Taking careful note to validate the efforts of GM CEO Mary Barra , Biden noted that the executive effectively “electrified the entire automotive industry” because of her leadership. “In the auto industry, Detroit is leading the world in electric vehicles. You electrified the entire automotive industry.

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Teslarati

MARCH 16, 2024

One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus.

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Baua Electric

MAY 28, 2024

German auto giant Volkswagen on Tuesday announced plans for a cheaper-than-ever electric model, as it faces increasingly strong competition from Asian rivals that have taken a lead in battery technology. Cheaper Chinese models are not just a concern for Europe’s biggest auto manufacturer, but for European officials.

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CN EV Post

MARCH 20, 2023

Li Auto leads the pack with superior execution, but risk-reward increasingly favors XPeng and NIO after a drastic sell-off this year, Morgan Stanley said. As of Monday's close, NIO's (NYSE: NIO) US-traded ADR was down 10 percent this year, XPeng was down 8 percent, and Li Auto was up about 12 percent.

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