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Tesla wins Kelley Blue Book’s 2023 5-year Cost to Own Award for premium EVs

Teslarati

Consumers are well aware that vehicle ownership involves not only the purchase price of cars but also the vehicle’s total cost of ownership. With this in mind, Kelley Blue Book (KBB) named its 2023 model-year brand and category winners of its 5-Year Cost to Own Awards. .

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GM signs major Li-ion supply chain agreements: CAM with LG Chem and lithium hydroxide with Livent

Green Car Congress

—Jeff Morrison, GM vice president, Global Purchasing and Supply Chain. CAM is a key battery material consisting of components such as processed nickel, lithium and other materials representing about 40% of the cost of a battery cell.

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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

Green Car Congress

General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.

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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

However, GM told dealers today that it would be providing the equivalent EV tax credit purchase amount on any car that is now ineligible due to updated guidelines, Detroit Free Press said. Additionally, the Equinox EV, GMC Sierra EV, Cadillac OPTIQ, and Silverado EV will be eligible for the full incentive.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

pCAM is a specifically engineered combination of processed raw materials necessary to produce CAM, a key battery material representing about 40% of the cost of a battery cell. Currently, CAM and pCAM processing is highly concentrated in Asia. Site selection will be announced later.

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Teslas are worth longer term auto loans, study finds

Teslarati

Car buyers who ultimately end up purchasing Tesla electric vehicles end up having the longest average auto term loans, a new study from LendingTree says. months, GMC at 64.6 months, GMC at 64.6 The same data showed Tesla has an average vehicle cost of $55,085 , more than $10,000 more than the average cost of a new car.

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Does EV home-backup capability outmode the Tesla Powerwall?

Baua Electric

According to GM the V2H bundle will initially only be available for purchase in California, Florida, Michigan, New York, and Texas. “We It confirmed that the 2024 GMC Sierra EV Denali Edition 1, 2024 Chevrolet Blazer EV, 2024 Chevrolet Equinox EV , 2024 Cadillac Lyriq, and the future Cadillac Escalade IQ will also be part of that rollout.

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