article thumbnail

XPeng Motors announces new AI-centric brand targeting EVs priced as low $14,000

Electrek

Leading Chinese EV automaker XPeng Motors has publicly shared plans for a new EV brand to deliver affordable, AI-driven smart cars to young consumers. Targeting China’s A-class segment of EVs priced between RMB 100,000-150,000, XPeng’s new brand could help pave the way for more affordable EVs around the globe.

Price 128
article thumbnail

Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. Hyundai Motor, including Kia, generated a record over $9 billion (KRW 12.27 trillion) in profits last year. “For

Kia 52
article thumbnail

Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. 305 $51,265 SE Dual Motor AWD 77.4 316 $47,065 SEL Dual Motor AWD 77.4

article thumbnail

Novel Sodium-Ion Battery-Powered EVs To Hit Chinese Streets in January

The Truth About Cars

A Volkswagen-funded Chinese automaker has a new type of battery that offers some benefits over lithium-ion batteries, namely cost and cold weather performance, but it’s unclear if we’ll see them in the United States. JAC Motors has developed a new EV sporting a sodium-ion battery that it says has lower costs and more abundant raw materials.

Sodium 111
article thumbnail

Will it be a Hossan or Ninda? Honda dumps GM, plans new family of affordable electric cars with Nissan

EV Central

Designed to help both Honda and former EV pioneer, Nissan, play catch up with brands like Tesla and emerging Chinese rivals, the new arrangement follows shortly after Honda terminated its proposed EV venture with General Motors. Honda dumps GM, plans new family of affordable electric cars with Nissan appeared first on EV Central.

Honda 98
article thumbnail

Photos and Specs for the Upcoming Kia EV5 GT Surfaced On a Chinese Government Website

The Truth About Cars

Motor 1 located an application on China’s Ministry of Industry and Information Technology (MIIT) website that covers a new EV called the EV5, a small crossover with the brand’s signature funky styling. It will likely be more affordable than the larger EVs in Kia’s catalog, which comes with a slightly less impressive electrical architecture.

Kia 104
article thumbnail

Land Rover EV conversion packs in-wheel motors, weighs same as original

Baua Electric

based Bedeo is launching a Land Rover Defender EV conversion based around in-wheel motors from Bedeo-owned Protean Electric. While numerous companies and DIYers are already converting older internal-combustion vehicles to electric power, Bedeo also claims to be the first to use in-wheel motors in such a conversion.