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Kia officially opens its first EV-only plant to build low-cost EV3, EV4 electric vehicles

Baua Electric

Kia’s new low-cost EV3 and EV4 models are the first electric cars scheduled for mass production. The new facility will kick off a new era for Kia, with the capacity to build 150,000 EVs annually. A new history of electric vehicles” In the first half of 2025, Kia will begin building its first compact electric sedan, the EV4.

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Volvo has no plans to challenge low-cost EVs in China as a price war intensifies

Baua Electric

Volvo has no plans to challenge low-cost EVs in China as the ongoing price war intensifies. The EX30, Volvo’s cheapest EV, starts at around $28,000 (200,800 yuan), but that’s as low as the company will go. Volvo is expected to begin building EX30 models at the plant next year for export.

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Low-cost hydrogen cell startup Protonas bags funding in round led by Transition VC – ET Auto

Baua Electric

Protonas , a startup specialising in low-cost polymer electrolyte membrane (PEM) hydrogen fuel cell solutions , has secured an undisclosed amount of funding in a round led by Transition VC. The company aims to deploy its solutions to offer cost-effective backup power applications in the North American markets.

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“Low cost, high performance”: Bhavish Aggarwal calls his EV battery ‘Bharat Cell’ a gamechanger for India – ET Auto

Baua Electric

“…to make India use EVs, we’ll have to build the products India wants, two-wheelers, three-wheelers, other products, which is more India-centric. In the end, what will define success in Ola Electric is whether, and the whole EV game is, whether we can build a lithium technology in India.

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Ford is building a low-cost EV platform with some of the ‘best EV engineers’ to rival Tesla

Baua Electric

Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. Ford is “secretly” developing a low-cost EV platform Following Tuesday’s Q4 and full-year 2023 earnings results, Farley explained that Ford is adjusting its capital while switching gears to focus on smaller EVs.

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Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs

Baua Electric

Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. Toyota and other domestic automakers dominate Japan’s auto sales, while most imports are European luxury like BMW, Mercedes, and Porsche. FTC: We use income earning auto affiliate links.

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Kia’s low-cost EV3 is about to get even better with new variants on the way

Baua Electric

The EV3 is the first of Kia’s new low-cost EV lineup as it looks to challenge industry leaders. Kia EV3 GT-Line (Source: Kia) With plans to build the EV3 at its Monterey plant in Mexico by the end of 2024, Kia could take advantage of the federal EV tax credit, enabling even lower starting prices.