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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. Although Volvo was one of the first automakers to commit to an all-electric future, it recently backed off its pledge.

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NIU launches two new ultra low-cost electric scooters in the US

Baua Electric

Just how low-cost are we talking here? mph), and maximum ranges on a charge of 29 km (18 miles). We are one of the only companies making a sub-$500 scooter with the capabilities that this product offers. The post NIU launches two new ultra low-cost electric scooters in the US appeared first on Bauaelectric Auto News.

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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. With the EV3 already in mass production, Kia is preparing to “show you a new history of electric vehicles.” In Europe, the Kia’s new EV starts at around $40,000 (36,0000 euros) with up to 372 miles (599 km) WLTP range.

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Air Products to invest about $500M to build green hydrogen production facility in New York; 94MW hydropower already approved

Green Car Congress

Air Products plans to invest approximately $500 million to build, own and operate a 35 metric ton per day facility to produce green liquid hydrogen at a greenfield site in Massena, New York, as well as liquid hydrogen distribution and dispensing operations. Altogether the project spans 37 miles.

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Archer taps FCA to accelerate eVTOL production

Green Car Congress

Archer, a manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, and Fiat Chrysler Automobiles (FCA) have entered into a definitive agreement to enable Archer to benefit from access to FCA’s low-cost supply chain, advanced composite material capabilities, and engineering and design experience. trillion by 2040.

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Hyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model

Baua Electric

Hyundai is launching two new electric vehicles in Europe, including a low-cost EV and a new IONIQ model, to boost its market share in the region. The CASPER costs around $15,000 in its home market, so a sub-25,000 euro ($27,000) starting price for the EV is expected. Despite talk of an “EV slowdown,” Hyundai is charging ahead.

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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. billion this year.