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It’s official. The next model from Chrysler will be a purely electric crossover in 2025. Chrysler CEO Christine Fuell confirmed the news of its first EV on Wednesday. Chrysler is moving into a new chapter with its first all-electric model due out in 2025. Chief designer Ralph Gilles previously said Chrysler’s first EV would take the brand in a new direction. Gilles took over as head designer for several Stellantis brands, including Chrysler, Dodge, Jeep, Ram, and Maserati, in January 2021. Despite overseeing major projects, including Ram’s first electric pickup and the Dodge Charger SRT EV, Gilles says he is…
Rivian will start billing for use of DC fast-chargers on its Adventure Network starting this month, according a bulletin sent to owners. The automaker confirmed to Green Car Reports that an email was sent last week to owners who had charged at the network’s sites, informing them that billing would start in “early November.” This does not apply to the Waypoint Level 2 AC destination chargers, Rivian noted, as pricing for those stations is determined by the sites that host them. Despite the change the network will remain open only to Rivian owners, the company confirmed, although it is looking…
The Polestar 5 will use massive battery cells from supplier SK On that the automaker claims will maximize efficiency and range. Polestar announced SK On as the battery supplier for the 5, which is due in 2024 at a price of more than $100,000 Monday, also confirming that the new flagship EV will use high-nickel cells measuring about 22 inches long. These cells offer “fast charging, efficiency, discharging, and superior driving range,” Polestar said in a press release. Polestar 5 prototype The cells are about the same size as GM’s gigantic Ultium pouch cells, set to be made at three different plants…
Additional sales data from China reveals Tesla’s exports and retail sales in the world’s largest electric car market for the month of October. According to the China Passenger Car Association’s (CPCA) data, the overall volume of Tesla MIC Model 3/Model Y wholesale vehicle shipments last month amounted to 72,115 units, which is barely 0.6 percent more than a year ago. * CPCA reports wholesale shipments, not registrations/customer deliveries. Out of that number, 28,626 units were sold in China (up 66 percent year-over-year) and 43,489 units were exported (down 20 percent year-over-year). We guess that November will bring higher volume, especially…
The next-generation Chevrolet Bolt EV could be built at a Kansas assembly plant starting in 2025, Automotive News reports. General Motors is considering whether to build a “lower-cost version” of the Bolt EV at its Fairfax Assembly plant, the report said, citing an anonymous source familiar with the matter. The plant, which currently builds the Chevy Malibu and Cadillac XT4, is due to get a $391 million investment from GM, part of $2 billion the automaker committed to future EV production in its tentative agreement with the United Auto Workers (UAW) union. The same source indicated GM is considering building…
China’s NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September. https://img.cnevpost.com/2023/11/08170338/2023110809033859.mp3 China’s passenger new energy vehicles (NEVs) sold a record 767,000 units at retail in October, surpassing the 700,000-unit mark for the third time, according to data released today by the China Passenger Car Association (CPCA). This was up 37.5 percent from 554,664 units in the same period last year and up 2.7 percent from 746,000 units in September. The figure is higher than the preliminary figure of 765,000 units released by the CPCA earlier yesterday, and higher than the estimated figure of…
Tesla’s share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent. https://img.cnevpost.com/2023/11/08164518/2023110808451777.mp3 Tesla (NASDAQ: TSLA) sold 72,115 China-made vehicles in October, of which 43,489 were exported, according to data released today by the China Passenger Car Association (CPCA). The US electric vehicle (EV) maker has a plant in Shanghai that produces the Model 3 and Model Y, both for deliveries to local customers and as an export hub. The latest figures from the CPCA mean that Tesla delivered 28,626 vehicles in China in October, up 66.43 percent year-on-year…
China’s lithium battery industry’s overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said. https://img.cnevpost.com/2023/11/08154933/2023110807493366.mp3 (Image credit: CnEVPost) In addition to lithium carbonate, which is a key raw material for batteries, China’s lithium battery industry is also facing overcapacity. China’s lithium battery industry overcapacity will continue into 2024, and power battery prices will still decline next year, market research firm TrendForce said in a report released on Friday. China’s lithium battery exports will still perform well in 2024, but the continued release and climb of new capacity this year will lead to a continuation of…
Gogoro, a leading player in the battery-swapping electric scooter market is taking a page out of Apple’s book. Or more accurately, it’s working with the consumer electronics giant to incorporate key Apple features directly into its scooters. The company announced today that it would start leveraging its scooters’ NFC keyless unlocking along with Apple Wallet to let users activate and lock their scooters directly from their iPhone or Apple Watch. Gogoro Smartscooter riders will now be able to add a scooter key to Apple Wallet on their iPhone and Apple Watch. Riders can then simply hold their device near the…
“In light of China’s EV market remaining ultra competitive for the foreseeable future, Xpeng’s strategy continues to resonate well with us, making the stock our Top Pick in the group,” Deutsche Bank said. https://img.cnevpost.com/2023/11/08091740/2023110801174013.mp3 Xpeng (NYSE: XPEV) will report its third-quarter financial results on Wednesday, November 15, before the US markets open, and as usual, Deutsche Bank analyst Edison Yu’s team shared their preview. “We expect generally in-line results with cautious optimism margins may beat for the first time in a while and more importantly, anticipate a robust 4Q23 outlook after Oct deliveries surprised to the upside,” the team said…