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Lucid Air price increases due to rising raw material costs & supply chain challenges

Teslarati

Lucid Motors announced a price increase for its Lucid Air product line after releasing its Q1 2022 financial results. In an 8-K SEC filing , Lucid shared a statement from CEO and CTA Peter Rawilson about the Air’s price increase. As the Lucid CEO confirmed, the Air’s new pricing will go into effect on June 1, 2022.

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Tesla Model 3 and Model Y receive latest round of price increases in US and China

Teslarati

The long range variants of the Tesla Model 3 sedan and Model Y crossover have received a $1,000 price adjustment in the United States. In China, select variants of the Model 3 and Model Y also received a price increase of RMB 10,000 (about $1,500). The Model Y Long Range Dual Motor, on the other hand, now starts at $59,990.

Price 98
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Petrol can be cheaper than electric – if less than £1 per litre

My Energi

• The average electric car remains cheaper to run than an equivalent petrol car • Fuel prices would need to fall below £1 per litre to make petrol cars cheaper to run • Electric car registrations exceeded expectations in 2022, beating forecasts by 7% Despite the average price of petrol falling below £1.50 With fuel at £1.50

Petrol 98
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LKAB identifies Europe’s largest deposit of rare earth metals in Lapland; Per Geijer

Green Car Congress

We face a supply problem. This would be sufficient to meet a large part of the EU’s future demand for manufacturing the permanent magnets that are needed for electric motors in, among other things, electric vehicles and windpower turbines. to a couple of kilos per vehicle, depending on the size of the motor and permanent magnet.

Europe 259
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Rivian boosts manufacturing goal as Q2 loss narrows, income rises

Baua Electric

The Irvine, California-based corporate cited “progress we have seen to date on our production lines, the ramp of our in-house motor line and the supply-chain outlook” for its revised expectancies.

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Tesla says ‘nearly half’ of the vehicles it produced in Q1 equipped LFP batteries

Teslarati

As a result of our energy efficient motors, a Model 3 with an LFP battery pack can still achieve a 267-mile EPA range.” Due to limited supply and strong customer demand, we are introducing the Model 3 Standard Range Plus battery pack, which we already released in Europe and Asia, to North America. CT / 5:30 p.m.

Batteries 126
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Self-Generation Nation – Solar Sales Soar Amid Escalating Energy Costs

My Energi

Even prior to the catastrophic impact caused by Russia’s invasion of Ukraine, prices were creeping up and unprecedented demand was beginning to put pressure on available supply. What’s more, with a hefty associated price tag, is it possible to further maximise efficiencies and reduce the payback on your investment.

Solar 98