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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Benchmark Mineral: China’s zero-COVID policies weigh on lithium and cobalt prices

Green Car Congress

Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. Consultancy Rho Motion now forecasts Chinese EV sales of 5.6

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Xpeng triggers price war in Chinese EV market, slashing prices to compete with Tesla

Electrek

Chinese electric vehicle maker Xpeng announced Tuesday it would cut prices on some of its most popular models. The move comes after Tesla and others in the region have implemented similar price drops, fueling what could be a competitive pricing war in China.

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IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising

Green Car Congress

For this reason, says IDTechEx, Tesla has transitioned from using copper induction motors in the Model S and X to using a permanent magnet motor in the Model 3 and Y (although dual motor variants use an ACIM on the front for a performance boost). While these prices have settled, rare-earths also present environmental concerns.

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Tesla signs truce with Chinese Automakers to end EV price war

Teslarati

Tesla and 16 Chinese automakers signed a truce ending the EV price war. Tesla was the only foreign automaker at the meeting. Executives from Tesla and 16 China-based automakers participated in a signing ceremony at the China Auto Forum in Shanghai held on July 6, 2023.

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XPeng most vulnerable to Tesla price cut among Chinese EV trio

CN EV Post

The post XPeng most vulnerable to Tesla price cut among Chinese EV trio appeared first on CnEVPost. By the close of trading, XPeng was down 6.82 percent in Hong Kong, Li Auto was down 6.55 percent and NIO was down 4.03 For more articles, please visit CnEVPost.

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China versus Tesla: Why Australia is enjoying an electric vehicle price war

The Driven EV News

Australia is enjoying an EV price war as Chinese brands lead the charge against Tesla, which could be pushed into finally producing a lower-price, lower-spec vehicle that competes at the lower end The post China versus Tesla: Why Australia is enjoying an electric vehicle price war appeared first on The Driven.

Australia 142