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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The leading iron ore exporters announced on 30 March steps to raise their prices by more than 80%. Major producers like India and Russia hardly export their iron ore.

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Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets

Green Car Congress

He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14

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

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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EV prices soar, as one exec warns of market "collapse" if they don't get cheaper

Green Car Reports

EV prices are soaring at a non-sustainable rate, one auto-industry executive warns. As noted by Autoblog, several automakers have raised prices on their electric models in recent months. Tesla has raised prices multiple times this year, and the GMC Hummer EV got a $6,250 price bump last week.

Price 201
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Tesla's Massive Price Cuts Send Shockwaves Across Auto Industry

InsideEVs

While the shock comes as no surprise, the more interesting part will be how it impacts rival brands' future pricing and offerings.

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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.