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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

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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. What do you think of the article?

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Tesla Model Y 7-seater option gets $500 price increase

Teslarati

Tesla increased the price of the Model Y’s 7-seater option by $500. Before Tesla raised the price, the Model Y’s 7-seat option was $2,500. As everyone settles into 2024, Tesla has started rolling out price changes in the United States and China. Tesla China’s vehicles are a whole different story.

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. percent, price cut. The QQ Ice Cream priced at RMB 39,900 saw a price reduction of RMB 4,000, or 10 percent.

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BYD sets new NEV sales record as it sets eyes on Canada

Teslarati

Chinese automaker BYD set another record in new energy vehicle (NEV) sales in July 2024. The Chinese automaker beat its June 2024 NEV sales when it sold 341,658. The Chinese automaker’s NEV sales include battery electric and hybrid vehicles. However, even Tesla acknowledged the need for more affordable EVs.

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Tesla’s primary weapon in the EV price war is its commanding lead in profits

Teslarati

Tesla was battered and bruised last year by a series of headwinds, from Giga Shanghai’s shutdowns to CEO Elon Musk’s TSLA stock sales to fund his Twitter acquisition. Just a few days and weeks into the year, Tesla started a price war. It was then no surprise that the EV maker started 2023 on a much different stance.

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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