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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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Ford to increase production of Mustang Mach-E in 2023, cut prices across the board

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With its new EV supply chain coming online, Ford says it is significantly increasing production of the Mustang Mach-E this year to help reduce customer wait times and to take advantage of streamlined costs to reduce prices across the board, making Mustang Mach-E even more accessible to customers and keeping it competitive in the marketplace.

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BNEF: Li-ion battery pack prices rise for first time since 2010 to an average of $151/kWh

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Rising raw material and battery component prices and soaring inflation have led to the first increase in lithium-ion battery pack prices since BloombergNEF (BNEF) began tracking the market in 2010. BloombergNEF expects prices to stay at similar levels next year, further defying historical trends.

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XPeng to double EV manufacturing at Zhaoqing to 200,000 units per year

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Chinese EV manufacturer XPeng signed an agreement with the Zhaoqing Municipal Government and the Zhaoqing High Technology Industry Development Zone to build the Phase Two expansion project of the XPeng Zhaoqing Smart EV Manufacturing Base located in Guangdong Province. Zhaoqing Xpeng Motors Intelligent Industrial Park.

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Alfa Romeo starts production of its first plug-in hybrid; Tonale offers 30 miles electric range

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The Tonale enters the premium compact CUV segment with standard all-wheel drive, more than 30 miles (48 km) of electric range and a starting US manufacturer's suggested retail price (MSRP) of $42,995. The Tonale PHEV will begin arriving at dealers in June. The plug-in hybrid powertrain features a 15.5-kWh

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Chevrolet reveals 2024 Blazer EV; up to 320 miles of range

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The Blazer EV offers multiple distinct trims, multiple range options—including an available GM-estimated range of up to 320 miles on a full charge—and available front-, rear- and all-wheel-drive configurations. The 1LT will be priced starting around $44,995. Chevrolet revealed the all-electric 2024 Blazer EV.

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Range Rover P440e Extended-Range PHEV starts at $104,900 in the US

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Land Rover has confirmed prices for the advanced Extended-Range Plug-in Hybrid model and the Range Rover SV, while revealing performance figures for the plug-in hybrid electric powertrain. A pure-electric Range Rover—the first all-electric Land Rover vehicle—will join the line-up in 2024.