... and if you've been thinking that you don't really need the long range and humongous size of recent EVs, you might be getting your way soon - at least if you live in Europe.
----- Fear of cheap Chinese EVs spurs automaker dash for affordable cars By Nick Carey and Paul Lienert December 8, 20236:14 AM UTC Full article: https://www.reuters.com/business/autos-transportation/fear-cheap-chinese-evs- spurs-automaker-dash-affordable-cars-2023-12-08/ or https://v.gd/OABp6n Excerpts: LONDON/DETROIT, Dec 8 (Reuters) - The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned. [...] Renault (RENA.PA) said last month it plans 40% cost reductions for its EVs to reach price parity with fossil-fuel models. Stellantis (STLAM.MI) is building a European plant with China's CATL (300750.SZ) to make cheaper LFP batteries and recently unveiled the Citroen electric e-C3 SUV, which starts at 23,300 euros ($24,540). Volkswagen (VOWG_p.DE) and Tesla (TSLA.O) are developing 25,000-euro EVs. Vincent Pluvinage, CEO of Palo Alto, California-based OneD Battery Sciences, said that on his recent visits with European automaker customers, every meeting started with the same refrain: "'Reducing costs is now more important than anything else.'" [...] GM said it has saved billions partly by developing a more inexpensive battery pack with LFP batteries for its revamped Bolt EV, which will launch in 2025, two years earlier than planned. Ford (F.N) said it will cut costs partly through a 50% increase in "in- sourcing" of parts like batteries and inverters. [...] "What we hear from carmakers today is, 'We don't need longer range, we want lower costs,'" Biton said. David Roden, EVDL moderator & general lackey To reach me, don't reply to this message; I won't get it. Use my offlist address here : http://evdl.org/help/index.html#supt = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = Yogi Berra said, "When you come to a fork in the road, take it." I've collected a lot of silverware that way. -- Mark Stanley, "Freefall" = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = _______________________________________________ Address messages to ev@lists.evdl.org No other addresses in TO and CC fields HELP: http://www.evdl.org/help/
