article thumbnail

Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Ford sold 20,223 electric cars in the first quarter of 2023, while GM sold 16,425.

article thumbnail

If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. GM was supposed to be producing hundreds of thousands of its Ultium EVs annually by now. market if heavily-subsidized Chinese EVs ever break through here. automakers.

article thumbnail

Ford and Sollers sign MoU to establish a JV in Russia

Green Car Congress

Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Sollers had originally planned a joint venture with Fiat. Earlier post.).

Russia 186
article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Stellantis is offering certain higher salaried US employees separation packages to help its “transformation to become a sustainable tech mobility company and the market leader in low-emissions vehicles,” a company spokesperson said. Of course, more EV battery factories creates more demand for raw materials.

Market 87
article thumbnail

A More Detailed Look at a Prismatic Li-ion Cell and Pack Manufacturing Process

Green Car Congress

While specific elements will vary by sub-chemistry and company, the general steps behind making a prismatic cell are expected to remain consistent for the next several years. One of EnerDel’s sister companies is investigating dry coatings that don’t need to be cured. The active materials are defined by the cell chemistry.

Li-ion 218
article thumbnail

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

“While the Volt holds promise, it is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable,” the task force noted in its recent assessment of GM’s restructuring plans. April 17, 2009 11:38 am Link Goodbye GM.

Volt 42