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Double trouble: Hyundai to target Chinese AND European EVs with sub-$40,000 Inster and $100,000 Ioniq 9

EV Central

The Korean giant’s local boss has confirmed the fight is on to secure sub-$40,000 pricing for the Inster, which launched globally earlier this month. We haven’t even started having the pricing conversation around the specs.” Currently, the GWM Ora is the cheapest EV sold in Australia priced from $35,990 driveaway.

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TTTech Auto expands in China with MotionWise software platform for automated driving

Green Car Congress

The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. They prefer experience and customer satisfaction through smart features over price.

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Audi unveils MEB-based Q4 e-tron concept EV; production version in 2020

Green Car Congress

Audi unveiled the Q4 e-tron concept compact electric SUV at the Geneva Motor Show. The Audi Q4 e-tron concept gives an advance look at what will be the fifth series production electric vehicle that the manufacturer will introduce by the end of 2020. There is no mechanical connection between the axles. meters long, 1.90 meters wide, 1.61

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Audi will phase out gas engines by 2033, reversing past stance of CEO

Teslarati

Audi will now phase out gas engines by the year 2033, CEO Markus Duesmann announced at the Berlin Climate Conference earlier today. Duesmann said that “Audi is ready to make its decisive and powerful move into the electric age,” finally accepting the challenge of ditching gas engines for electric ones.

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Report: Audi to equip all Chinese-made models with mild hybrid technology

Green Car Congress

China Car Times reports that Audi will equip all of its locally-made models with mild hybrid technology next year according to an interview with Dominique Boesch, the GM of FAW-VW’s Audi sales unit. But they have not made the final decision on the pricing.

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NIO (NIO) eyes buying Volkswagen plant in historic market shake up

Baua Electric

China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. Its Audi Brussels factory is also at risk. However, VW is facing an overcapacity crisis amid sluggish EV sales and a slew of new competitively priced electric cars from China. NIO needs to submit its offer to VW by next Monday at the latest.

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Nio prepares to launch Tesla Model Y competitor in China under new brand

Teslarati

The Chinese automotive market is the most competitive in terms of the EV space, and companies have been fighting for the top spot in the market for years. Nio routinely competes with luxury companies like BMW and Audi, and they are priced similarly. It will then cost 599 yuan a month, or $84.75.

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