Remove Auto Remove Electric Vehicles Remove News Remove Price
article thumbnail

Tesla (TSLA) gets “Buy” rating and $295 price target from Deutsche Bank

Teslarati

Tesla ( NASDAQ:TSLA ) has received an optimistic “Buy” rating and $295 price target from Deutsche Bank analyst Edison Yu. The analyst launched his coverage of the electric vehicle maker after former Deutsche Bank analyst Emmanuel Rosner–who used to cover Tesla for the firm–moved to Wolfe Research.

Buy 109
article thumbnail

Experts discuss the remaining hurdle to EV sales

Teslarati

Experts in the auto industry believe affordability is the remaining hurdle preventing electric vehicle (EV) sales from rising. EVs, when the price and payment is there, they’re not afraid to buy them. Electric vehicle prices averaged around $58,000 in Q1 2024. According to J.D.

Sale 124
article thumbnail

SAIC-Volkswagen offers up to $7,250 discount as China auto price war continues

CN EV Post

A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. The campaign involves 20 SAIC-Volkswagen models, the vast majority of which are conventional internal combustion engine vehicles, that can enjoy discounts ranging from RMB 15,000 to RMB 50,000.

Price 106
article thumbnail

Used EV prices are stabilizing, suggests new data

Teslarati

New data from Q2 suggests that used electric vehicle (EV) prices are stabilizing in the U.S., According to the Q3 2024 Used EV Market Report shared by Recurrent Auto last Wednesday, used EV prices appear to be stabilizing—particularly in the $20,000 to $25,000 price range.

Price 117
article thumbnail

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

Baua Electric

Kia held an opening ceremony for its first EV-only plant, “EVO,” as it looks to establish itself as a leading electric vehicle maker. Kia’s new low-cost EV3 and EV4 models are the first electric cars scheduled for mass production. Kia will use the facility to boost the output of its next-gen electric vehicles.

article thumbnail

Albemarle may lower capex if lithium prices stay low – ET Auto

Baua Electric

Albemarle pointed to higher EV sales in China in April, including at major automaker BYD, as a positive sign for lithium prices, but cautioned that current pricing would limit new projects from getting off the ground. “If prices stayed where they were today, you’d see us ramping capex down. billion and USD 1.8

Price 52
article thumbnail

Albemarle profit just misses estimates on weak lithium prices – ET Auto

Baua Electric

Lithium prices had fallen by more than 80% in the year up to March, according to a basket tracked by Benchmark Mineral Intelligence. Albemarle , the world’s largest producer of lithium for electric vehicle batteries , on Wednesday missed first quarter profit estimates on lower prices. Prices in the unit fell 89%.

Price 52