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GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

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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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

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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Albemarle may lower capex if lithium prices stay low – ET Auto

Baua Electric

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. .

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Lithium miner SQM swings to USD 870 mn loss as oversupply sinks prices – ET Auto

Baua Electric

While SQM’s quarterly lithium revenues fell 67% from a year earlier, its lithium sales volumes grew 34%. million for the first three months of the year, as oversupply of the metal needed for EV batteries drags on prices. SQM’s sales distribution follows the same pattern. This brought a loss of USD 3.04

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Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It also posted sales of USD3.70 It now expects to report organic revenue growth for parts and services between 2.5%

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Lithium miners shake up trading to tackle wild price swings – ET Auto

Baua Electric

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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Minda Corp exits Pricol with 15% stake sale, rakes in INR 260 cr profit – ET Auto

Baua Electric

Minda Corp sold 1,91,22,458 shares of Pricol at an average price of INR 345 apiece for approximately INR 660 crore, according to bulk deals data on the exchanges. After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% stake through the open market on Wednesday.

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