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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

Price 144
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CEO’s Take On 2024: Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy – ET Auto

Baua Electric

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. What are the key micro and macro indicators that will play an important role in shaping up the auto industry in 2024?

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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain.

Carbon 97
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Hyundai Motor doubles down on ensuring longer driving range of EVs – ET Auto

Baua Electric

Auto industry observers see Hyundai Motor Group’s recent lithium hydroxide supply deals as a sign that the group is focusing on adopting high-capacity NCM batteries to boost the driving range of its future EV models. The long-range trim of the EV3, fitted with a high-capacity 81.4

Hyundai 52
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Regulatory filing: VW ID.7 coming to China

CN EV Post

7 will enhance the upper mid-size class in Europe, China and North America," Volkswagen said in an April 5 press release. 6 Crozz, two SUVs with suggested retail prices starting at RMB 217,900 ($31,660) and RMB 258,900, respectively. 6 X, with suggested retail prices starting at RMB 195,888 and RMB 259,888, respectively.

China 79
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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Retreating behind tariff walls or outright bans will further isolate America’s auto industry into a Galapagos market of ridiculous trucks sold at nosebleed prices.” Three recent accounts stand out from the pack.

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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

But simultaneously, luxury German automakers have mysteriously not seen the same rapid declines in stock prices, some (Porsche) even increasing in value over the same timeframe. This is despite the near-constant supply shortages that have plagued (and continue to plague) the auto industry, notably in Europe.

Porsche 137