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GM May Produce EVs In Mexico To Compete With Tesla, Ford

InsideEVs

Mexico may have plenty of appeal for future EV production due to low costs and full access to the US federal EV tax credit.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

or Mexico, along with a GM license agreement for CATL’s LFP battery tech. Car News China reasons that the deal would likely be similar to the one between Ford and CATL—a deal GM leadership has criticized. Located in Michigan, the plant will make LFP cells under license by CATL but will be be run by Ford. car manufacturing.”

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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UAW Suggests EV Tax Credit Should Only Apply To US-Built Cars

InsideEVs

This comes on the heels of GM's and Ford's plans to build EVs in Mexico.

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Tesla said to be mulling U.S. battery plant with supplier CATL

Teslarati

The IRA rules can qualify certain electric vehicles for either some or all of the $7,500 tax credit for purchasing a clean energy vehicle. Ford announced a similar deal with CATL last month, looking to build a battery manufacturing plant within the U.S. Ford announces $3.5B to take advantage of these incentives.

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Tesla investors post questions for TSLA Q3 2023 earnings call

Teslarati

As of writing, Say’s webpage for the Tesla Q3 2023 earnings call features a variety of notable questions, spanning topics from Tesla’s factories like Gigafactory Mexico to future projects like Optimus and the dedicated Robotaxi. Is your analysis of your supply base risk complete?

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. Ford in February announced a new strategy focusing on smaller, lower-cost EVs at higher volume, to tackle potential Chinese rivals.