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Fast-charging price hike, EV price war, BMW EVs from Mexico: Today’s Car News

Green Car Reports

BMW will turn to Mexico to make some of its more affordable EVs for the U.S. The past couple weeks have signaled that the EV price war has begun. And Electrify America raises prices. Electrify America last week announced price hikes for EV fast-charging. This and more, here at Green Car Reports.

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Xcel Energy wants 1.5M EVs in its service areas by 2030; 30x increase from today

Green Car Congress

Xcel services customers in Colorado, Michigan, Minnesota, New Mexico, North and South Dakota, Texas and Wisconsin. Electric vehicles are the next frontier in the clean energy transition, and we are committed to making charging EVs easy, convenient and affordable for customers.

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Tesla launches textile interior option for Model 3 RWD in Mexico

Teslarati

Tesla’s cheapest car in its lineup today just became more affordable in Mexico. As could be seen in Mexico’s Model 3 order page, Tesla has rolled out a new textile interior option for the all-electric sedan’s base Rear Wheel Drive (RWD) variant. The textile seats are also only available in gray.

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Tesla Giga Mexico building ‘a whole new production line’ for $25k compact car: Gov. Samuel García Sepúlveda

Teslarati

Tesla Gigafactory Mexico is expected to take longer to build because the company is working on a new production line for its $25k compact car. Governor Samuel García Sepúlveda recently announced that Tesla Gigafactory Mexico would take around 12 to 15 months to build–longer than it took Tesla China to build Giga Shanghai.

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Tesla Giga Mexico is a 3-phase project, will produce Cybertruck: Governor

Teslarati

As noted by the governor of Nuevo León, Samuel García Sepúlveda, in recent comments, Giga Mexico would be a three-phase project. Following a meeting with the Economic Development Council of Nuevo León, the Governor highlighted that details of Gigafactory Mexico’s negotiations would be transparent.

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Tesla price target reduced by Wells Fargo over reduced production outlook

Teslarati

Wells Fargo lowered its Tesla (TSLA) price target from $260 to $250 based on its lowered production outlook. Wells Fargo analyst Colin Langan also expressed concerns over Tesla’s decreasing prices and profits. Langan expressed concerns about Tesla decreasing prices to hit its 1.8 Tesla reported a gross vehicle margin of 17.9%

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GM CEO teases reborn Chevy Bolt — an Ultium-based, affordable contender to Tesla’s next-gen car

Teslarati

Considering the outgoing vehicles’ prices, the potential reborn Chevy Bolt EV would likely be priced in the sub-$30,000 range. This would place the vehicle in the same segment as Tesla’s upcoming electric vehicle, which is expected to start production once Gigafactory Mexico is operational.