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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and President Wang Chuanfu held an investors conference earlier this week. In February, it slashed the prices of all its vehicles between 5% to 20%. million units.

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Tesla Customer Orders Now ~2× Production Capacity, Slight Price Increases Coming

CleanTechnica EVs

At the start of Tesla’s Q4 2022 and full-year 2022 conference call for shareholders today, CEO Elon Musk started off with some opening remarks. In those opening remarks, he commented that the top concern investors have had recently is about demand.

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Affordable EV incoming! Jeep locks in affordable electric SUV that will shock you with its price

EV Central

Stellantis boss Carlos Tavares has pledged that Jeep’s affordable all-electric SUV will be priced from less than US$25,000 ($A37,500) in the USA – almost US$19,000 less than the cheapest Tesla Model Y. Jeep locks in affordable electric SUV that will shock you with its price appeared first on EV Central.

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Albemarle profit just misses estimates on weak lithium prices – ET Auto

Baua Electric

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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Lucid releases Q1 2023 production and delivery report

Teslarati

Lucid released its Q1 2023 production and delivery report. Lucid plans to host a conference call with investors to discuss its Q1 2023 financial results. Investors may submit questions for the conference call starting April 24, 2023, by visiting: [link]. The call is scheduled for May 8, 2023, at 2:30 pm PT/ 5:30 pm ET.

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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

Chinese medium and heavy rare earths producer Southern Rare Earth has continued to raise its weekly prices for terbium, holmium, gadolinium and dysprosium, supported by a shortage of spot supplies and firmer magnet demand, according to Argus. Prices for 99.5% The range for 99.5%

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Lithium prices see biggest drop this year in China as decline accelerates

CN EV Post

NIO 's management previously said they expect lithium carbonate prices to fall back to RMB 200,000 per ton this year, boosting gross margins. The price of lithium, a key raw material for batteries, is accelerating its decline. That latest average price is down 3.85 percent, the previous biggest drop of the year.

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