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NIO’s new low-cost Onvo L60 EV could boost sales to +20,000 per month

Electrek

The first model of NIO’s new low-cost Onvo brand, the L60 electric SUV, could lead to a sales surge, according to at least one analyst. Aimed at Tesla’s best-selling Model Y, the NIO Onvo L60 could boost sales to over 20,000 per month as an even more affordable ($30K) option.

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Nissan Micra EV to debut later this year as new low-cost electric car

Electrek

Another affordable electric car is set to be unveiled later this year as Nissan looks to boost EV sales. Nissan will unveil a new Micra EV as its newest low-cost electric car.

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Navigant forecasts modest global annual sales growth of e-bicycles, reaching 40.3M units in 2023

Green Car Congress

In a new report , Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 million e-bicycle sales this year under the base scenario, representing 91% of the total global market. This growth in demand is expected to result in revenue for global e-bicycle sales of $13.5 billion by 2023.

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BYD leads EV sales surge in Brazil with affordable electric cars

Electrek

After launching its low-cost Seagull EV (Dolphin Mini) in Brazil, starting at around $20,000 (99,800 BRL), BYD is leading the EV sales surge in the country. China’s leading automaker, BYD , is aggressively expanding overseas. However, with a new import tax looming, can the Chinese EV maker continue the momentum?

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Kia stands by its 1.6 million EV sales goal with new affordable models driving demand

Electrek

Kia is standing by its EV sales goal of 1.6 With new low-cost EVs like the EV3 rolling out, Kia is already seeing strong demand. As rivals like Ford and Toyota are pulling back major electric vehicle initiatives, Kia is plowing ahead as it looks to secure a leadership role. million models by 2030.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Electrek

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand.

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Ghosn: Renault-Nissan Will Have Capacity for 500,000 EVs Per Year

Green Car Congress

With sales starting this December, 13,000 pre-orders have been submitted in just over one month in the US and Japan, largely driven by individual customer demand. Another focus has been on very affordable transportation. It is also partnering with Ashok Leyland to start LCV production and with Bajaj for an Alliance ultra-low-cost car.

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