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China versus Tesla: Why Australia is enjoying an electric vehicle price war

The Driven EV News

Australia is enjoying an EV price war as Chinese brands lead the charge against Tesla, which could be pushed into finally producing a lower-price, lower-spec vehicle that competes at the lower end The post China versus Tesla: Why Australia is enjoying an electric vehicle price war appeared first on The Driven.

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Price war helps electric vehicle sales rebound in May, as BYD eats into Tesla market share

The Driven EV News

EV sales see a rise with over 8,000 electric cars sold in Australia in May, but with BYD and other Chinese car makers eating into Tesla's dominant market share. The post Price war helps electric vehicle sales rebound in May, as BYD eats into Tesla market share appeared first on The Driven.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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Xpeng triggers price war in Chinese EV market, slashing prices to compete with Tesla

Electrek

Chinese electric vehicle maker Xpeng announced Tuesday it would cut prices on some of its most popular models. The move comes after Tesla and others in the region have implemented similar price drops, fueling what could be a competitive pricing war in China.

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. No element has become more synonymous with electric vehicles than lithium. None of the modern batteries that make electric vehicles possible could exist without lithium.

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Benchmark Mineral: China’s zero-COVID policies weigh on lithium and cobalt prices

Green Car Congress

Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. —Jiang Li, CATL board member.

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Tesla & Chinese EV Producers Have Reportedly Signed A Price War Truce

CleanTechnica EVs

Electric vehicle price cuts in recent months, or perhaps the past year we could say, have been superb for customers. Reports are that this should all get easier to manage since 15 Chinese automakers and Tesla* have signed a truce ending the price war. (*The The only […]

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