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2024 Mustang Mach-E Pricing Update

– The 2024 Ford Mustang Mach-E starts at $39,995, with the Rally trim peaking at $60,000.

– Premium trim’s price has increased by $1,100 compared to the 2023 model year, post-price cuts. The GT version sees a $1,600 price hike over its predecessor. Unlike the previous year, the Mustang Mach-E won’t initially benefit from the $3,750 federal tax credit. Potential future changes the battery could reinstate tax credit eligibility later in the year.

– Ford may offer up to $8,500 in leasing incentives to ensure the Mach-E remains competitive, especially against rivals like the Tesla Model Y, which qualifies for a $7,500 tax credit.

https://insideevs.com/news/714208/2024-ford-mustang-mache-prices/

Ford Reduces Workforce at Electric F-150 Factory Amid Slowing EV Sales

– Ford is significantly reducing the hourly workforce at its Rouge Electric Vehicle Center in Dearborn, Michigan, which manufactures the Ford F-150 Lightning electric truck.

– This decision follows a slowdown in electric vehicle sales and a reduction in F-150 Lightning production initiated at the beginning of the year.

– The company reported sales of just over 24,000 F-150 Lightning trucks last year.

– According to reports from the *Detroit Free Press* and *Louisville Courier*, out of 2,100 workers at the Dearborn plant, only a third will continue in their current roles.

– Approximately 700 employees will be offered retirement packages or reassigned within southeast Michigan, as stated by Ford spokeswoman Jessica Enoch.

https://www.autoblog.com/2024/03/28/ford-cuts-jobs-at-f-150-lightning-plant-in-dearborn-mi-as-ev-sales-slow/

Kia EV9 Set for US Production and Full Tax Credit Eligibility

– Kia plans to start producing the EV9 in its West Point, Georgia facility as early as May, transitioning from its current manufacturing in South Korea.

– The move to US production aims to make the EV9 eligible for a $7,500 federal EV tax credit, a benefit it cannot currently receive due to its foreign production.

– The Georgia “Metaplant,” a joint venture with Hyundai, will soon feature an EV battery manufacturing facility, further supporting local production of the EV9.

– Once the local battery production commences, the EV9 is expected to be eligible for the full $7,500 tax credit by 2025.

– Kia has been preparing for this shift by running pilot production tests of the EV9 in the US since early 2024.

– With the anticipated tax credit, the base price of the EV9 could drop to around $48,895, making it a strong competitor against traditional gas-powered SUVs in the same category.

https://insideevs.com/news/714253/kia-georgia-plant-running-ev9/

Global Surge in Electric Vehicle Adoption

– Electric vehicles (EVs) are undergoing a significant shift towards mass adoption, with 31 countries now surpassing the pivotal 5% tipping point for purely electric new car sales.

– This 5% mark indicates the beginning of rapid adoption, historically leading to a quick rise to 25% market share within approximately four years.

– In 2022, only 19 countries had achieved this level of EV penetration. The expansion to 31 countries illustrates a swift increase in EV popularity across diverse global markets, including Eastern Europe and Southeast Asia.

– Despite a broader slowdown in the global automotive market, electric and plug-in hybrid vehicles are projected to grow by about 22% globally in 2024, indicating continued strong momentum for EV adoption.

– The United States reached the 5% EV adoption tipping point at the end of 2021 but lags behind other countries in the adoption curve, with fully electric cars making up 8.1% of auto sales by the end of 2023, compared to an 18.1% average among 20 other countries at similar stages.

– The global landscape for plug-in cars, including plug-in hybrids and fully electric vehicles, shows that 27 countries have crossed the 10% adoption threshold.

– Countries that have surpassed the EV adoption tipping point represent two-thirds of the world’s auto sales, indicating significant progress towards global EV adoption, with major markets like India, Indonesia, and Poland poised to join the movement.

https://news.google.com/rss/articles/CBMibGh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDI0LTAzLTI4L2VsZWN0cmljLWNhcnMtcGFzcy1hZG9wdGlvbi10aXBwaW5nLXBvaW50LWluLTMxLWNvdW50cmllc9IBAA?oc=5

Xiaomi Unveils SU7 EV, Challenging Tesla with Competitive Pricing

– Xiaomi has entered the electric vehicle market with its first EV, the SU7, offering three models: Standard, Pro, and Max. SU stands for Speed Ultra and we’re meant to say “soo seven”.

– The SU7’s pricing begins at RMB 215,900 ($29,870), RMB 30,000 cheaper than the base Model 3.

– The Standard and Max versions of the SU7 are slated for delivery by the end of April, while the mid-range Pro version deliveries will start by the end of May.

– The SU7 dimensions are 4,997mm in length, 1,963mm in width, 1,440/1,455mm in height, with a wheelbase of 3,000mm.

– Standard and Pro versions utilize a 400V platform, whereas the Max version is built on an 800V platform for quicker charging capabilities.

– They didn’t give the peak kW charge rates. The Standard SU7, equipped with BYD’s 73.6kWh blade battery, offers a CLTC range of 700km (435 miles). The Pro variant uses a 94.3kWh CATL Shenxing Battery for an 830km (516 miles) range, and the Max is powered by a 101kWh CATL Qilin Battery for an 800km (497 miles) range

– Performance-wise, the Standard and Pro models are rear-wheel drive with acceleration from 0 to 100km/h in 5.28 seconds and 5.7 seconds, respectively. The Max model features dual motors, achieving 0 to 100km/h in just 2.78 seconds.

– The SU7 comes equipped with Xiaomi’s smart driving systems: Pilot Pro, based on vision, and Pilot Max, enhanced with LiDAR. The Pro system uses one Nvidia Drive Orin chip, while the Max system includes two.

– Lei Jun showcased various accessories for the new EV, including an in-car refrigerator, a custom front-window shade, and a smartphone holder, with some items offered for free with vehicle purchases made by the end of April.

– The SU7 is compatible with Apple’s CarPlay and can also integrate with the iPad, enhancing connectivity options for users.

https://cnevpost.com/2024/03/28/xiaomi-launches-su7/

Fisker’s Payment Mismanagement During Ocean Deliveries

– Fisker, an electric vehicle startup, encountered issues tracking millions of dollars in customer payments for its vehicle, the Fisker Ocean.

– The problem triggered an internal audit that lasted several months but eventually led to locating most of the misplaced funds.

– The audit occurred as Fisker was trying to increase the delivery rate of the Ocean, its sole model currently in production.

– Fisker had to request new payments from some customers after the original payment methods were found to be expired.

– Despite resolving the issue, the audit consumed significant company resources during a pivotal growth phase.

– The lost payments encompassed both down payments and the full purchase price of the Ocean model.

– There were instances where customers received their vehicles without Fisker collecting any payment.

– *Consumer Reports* mentioned in their review that a $63,981 payment made to Fisker was never processed, with the company indicating it was unable to locate the payment.

https://www.teslarati.com/fisker-lost-millions-of-customer-payments-report/

Polestar EV Charging Service in Europe Includes Superchargers

– Polestar introduces Polestar Charge, a new EV charging service in Europe, offering access to 650,000 public charging points.

– The service integrates Tesla’s Supercharger network, making Polestar the first European electric car brand to do so, allowing access to Superchargers available to other makes.

– Users must link a payment method in the Tesla app to use the Superchargers via Polestar Charge.

– The charging network includes major providers like EnBW, Aral pulse, Ionity, Recharge, Fastned, Total, and Allego.

– Polestar Charge offers a subscription for €13.99/month, granting a 30% discount on standard charging fees, available in several European countries including Germany, Austria, Switzerland, Belgium, and others.

– This initiative marks a significant collaboration between Polestar and Tesla, extending their partnership to China for Supercharger network access.

https://www.electrive.com/2024/03/28/polestar-launches-polestar-charge-in-europe/

Stellantis Plans Over 3,000 Voluntary Layoffs in Italy

– Stellantis is set to reduce its Italian workforce by more than 3,000 roles through voluntary layoffs, affecting various facilities including Melfi, Pomigliano d’Arco, and Termoli.

– The latest agreements, involving over 1,000 layoffs, come after earlier announcements of voluntary departures in Turin, impacting up to 1,500 positions, and the Pratola Serra engine manufacturing site with 100 jobs.

– The automaker’s employment in Italy totals around 43,000, with approximately 15,000 based in the Turin area, Fiat’s traditional stronghold before merging with PSA to form Stellantis.

https://www.autoblog.com/2024/03/27/new-stellantis-layoffs-mean-over-3000-jobs-set-to-go-in-italy/

CATL to License LFP Battery Tech to GM with Plans for North American Factory

– CATL is in talks with General Motors (GM) for a licensing agreement on lithium iron phosphate (LFP) battery technology and to construct a joint manufacturing facility in North America.

– The planned factory aims to match or exceed the capacity of a similar plant currently being developed by Ford and CATL, with potential locations in the US or Mexico.

– Under the agreement, CATL would oversee the development o

f battery production lines, supply chains, and manufacturing processes, while GM would cover the factory’s capital expenses. CATL would not own a stake in the facility but would earn through patent licensing and service fees.

– This business model allows CATL to invest less capital upfront while securing higher profit margins through licensing fees.

– The potential GM-CATL factory is expected to start operations around 2027, following the anticipated 2026 opening of Ford’s battery plant.

– The licensing deal is a strategic response to the US’s 2022 Inflation Reduction Act, which offers a $7,500 subsidy for EVs that meet specific North American production and supply chain criteria.

– By choosing a licensing model over direct ownership or joint ventures, CATL can navigate US regulatory landscapes more effectively, benefiting from initial fees for equipment sales and supply chain development, plus ongoing royalties from battery production.

– Both the GM and previously announced Ford collaborations focus on the use of LFP battery technology.

https://news.google.com/rss/articles/CBMicWh0dHBzOi8vY2FybmV3c2NoaW5hLmNvbS8yMDI0LzAzLzI4L2NhdGwtbmVnb3RpYXRpbmctbGljZW5zaW5nLWxmcC1iYXR0ZXJ5LXRlY2gtdG8tZ20tYW5kLXRvLWJ1aWxkLWpvaW50LWZhY3Rvcnkv0gEA?oc=5

CATL Unveils Durable EV Battery with 15-Year Lifespan

– CATL has introduced an EV battery boasting a 15-year lifespan and no loss of capacity after 1,000 charge cycles.

– This advanced battery technology will be first implemented in the fleet of Yutong, the leading electric bus manufacturer known for testing vehicles under severe conditions such as extreme temperatures and challenging terrains.

– CATL has entered a collaboration with NIO to push forward the development and application of these long-lasting EV batteries, aiming to enable manufacturers to offer a 15-year warranty on their battery packs.

– Currently, CATL supplies NIO with battery packs that have a lifespan of 12 years for use in their EV battery swap stations.

– The new 15-year batteries are initially targeted towards heavy-duty vehicles, like buses and trucks, which have longer usage cycles compared to passenger cars.

– NIO and CATL’s goal is to ensure these batteries maintain at least 85% of their capacity after 15 years, surpassing the current industry standard of 70% capacity retention after 8 years offered by Tesla and others.

https://www.notebookcheck.net/Electric-vehicles-can-claim-15-year-warranty-as-CATL-outs-million-mile-battery-with-zero-degradation-in-1000-cycles.819405.0.html

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