The new Tesla would significantly lower the price of its base model in Europe, where automakers are vying with one another to lower prices and open up EV ownership to a wider spectrum of consumers.

Tesla’s Berlin factory is all set to manufacture $26,863 EV  

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As competition to build more inexpensive <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> heats up, Tesla Inc. is set to launch a new model at its manufacturing near Berlin that will retail for €25,000 ($26,863). This news was published by Reuters. Elon Musk, the CEO, revealed the strategy to the workers during a visit to the Tesla factory in Gruenheide last week, according to Reuters on Monday, which cited an unidentified source. It claims that Musk did not specify when manufacturing would begin. Requests for comments from Tesla were not answered. The new Tesla would significantly lower the price of its base model in Europe, where automakers are vying with one another to lower prices and open up EV ownership to a wider spectrum of consumers. The Model 3 is currently Tesla's least costly vehicle in Germany, with a starting price of €42,990. In an attempt to capture market share in Europe, where consumer purchasing is being negatively impacted by inflation, Chinese manufacturers like BYD, Nio, and MG are vying with European mass-market automakers to build cheaper electric vehicles. Last month, bookings for a new Ñ-C3 that starts at €23,300 were opened by Stellantis NV's Citroen brand. This car is aimed at competing with Renault's Dacia Spring, which is priced in France at €20,800. Germany is often a costly industrial site due to its high energy and payroll expenses. Furthermore, Tesla has encountered challenges at its Gruenheide facility, ranging from disagreements over its customary resistance to unions to environmental issues around its water usage. The plant is home to the company's "giga-press technology," which it claims would allow it to produce EVs more affordably and with fewer parts. Musk originally broached the idea of creating a less expensive electric vehicle in 2018 and reiterated the push in 2020. Similar to the company's Cybertruck, there hasn't been any clear progression from announcement to manufacturing.

Tesla’s Berlin factory to manufacture $26,863 EV  

Prashant

JSW MG Motor on Saturday unveiled the price of its freshly released CUV Windsor with battery. Windsor will be priced beginning at Rs 13,49,800 (ex-showroom). The Windsor will be available in four different colours: starburst black, pearl white, clay beige, and turquoise green. The booking period for Windsor will begin on October 3. The increased costs apply only to outright purchases, not the BaaS (Battery as a Service) program. The WindsorEV will be available in three variants including Excite, Exclusive, and Essence, each priced at Rs. 13.50 lakh, Rs. 14.50 lakh, and Rs. 15.50 lakh. Satinder Singh Bajwa, Chief Commercial Officer of JSW MG Motor India, stated, "The MG Windsor will enable customers to upgrade to an EV lifestyle through its attractive packaging and pricing. We are optimistic that this will encourage more prospective consumers to purchase electric vehicles, so accelerating the transition to a cleaner future." The Windsor uses an AeroGlide design language that is futuristic and goes beyond the notion of typical division. The interiors are elegant and comfortable, featuring huge Aero Lounge seats that can recline to 1350, as well as the vast Infinity View Glass Roof, which enhances the business class experience. The primary console houses a huge 15.6" GRANDVIEW Touch Display, which powers immersive entertainment and smart connection. The Windsor comes equipped with a strong PMS Motor that is IP67-approved. A 38 kWh Li-ion battery pack and four driving modes (Eco+, Eco, Normal, and Sport) give 100KW (136ps) power and 200Nm of immediate torque, resulting in a range of 331 km. It can be charged in 40 minutes using any DC fast charger. The first owner of the MG Windsor will receive a one-of-a-kind lifetime battery guarantee. The eHUB by MG app provides one year of free public charging, making it easier than ever for Windsor owners to charge their vehicles at any time and from any location. JSW MG Motor India is developing an innovative ownership plan called Battery-as-a-Service (BaaS), which allows you to drive an electric CUV of full size for the price of a compact SUV supported by a manual engine. This flexible ownership arrangement lowers the initial cost of the battery so that the buyer only has to pay for its use. In other words, buyers need to pay a minimum price per kilometre travelled, equivalent to 40 per cent of the traditional car fuel expenses. This comes down the initial cost of purchase and also the kilometre cost to a very low level, making ownership experience cheaper and hassle-free.

The WindsorEV will be available in three variants including Excite, Exclusive, and Essence, each priced at Rs. 13.50 lakh, Rs. 14.50 lakh, and Rs. 15.50 lakh

MG announces variant-wise prices for Windsor EV

Buy premium e-car starting from Rs 13.49 lakh: MG announces variant-wise prices for Windsor EV

MG Motor India on Friday teases its audience with glimpses of the exterior features of its upcoming electric vehicle, designed on the inspiration of Bajoun Cloud EV. According to a report by Motor Beam, in recent months, the electric car has been witnessed undergoing testing on several occasions. Moreover, a few weeks ago, patent photos of the car were also released. The MG Cloud EV which is designed for India is expected to include a fully digital instrument cluster and a floating touchscreen infotainment system similar to the model offered in Indonesia under the Wuling brand The dashboard is expected to come with horizontal slats spanning its length, hiding the AC vents. The two-spoke steering wheel is equipped with the controls of the infotainment system. The spy photos revealed, according to Motor Beam, show some external features, such as sleek all-LED headlights, an LED light strip linking the headlights across the nose, and an illuminated MG logo along with the panoramic sunroof that is highlighted in the teaser.&nbsp; The EV's interior promises enough room for the five-seater variant, because of its born-EV architecture. A 360-degree camera, speakers positioned on the inside of the doors, completely retractable front seats, and an Advanced Driver Assistance System (ADAS) suite are among the other innovations that were noted in the photos. However, which of these features will be incorporated in the India-spec model is yet unknown. According to MG Motor India, The MG Cloud EV is a crossover utility vehicle (CUV) which combines the features of an SUV and a sedan.&nbsp; The vehicle features smooth surfaces and flush door knobs while boasting a simplistic design. The front and back are decorated with full-width LED light strips. Along with its expanded quarter glass sections and big glasshouse, the car also features steeply sloped front and rear windscreens. Although the exact battery specifications for the Indian market are yet unknown, the worldwide Cloud EV is available with two different battery pack options: a 37.9kWh pack that can go up to 360 km, and a 50.6kWh pack that can travel up to 460 km. A 134 HP electric motor installed on the front axle powers both versions. The Cloud EV from MG Motor India is anticipated to cost between Rs. 20 and 25 lakhs (ex-showroom). The vehicle is expected to go on sale over the holiday season, along with the pricing announcement.

The Cloud EV from MG Motor India is anticipated to cost between Rs. 20 and 25 lakhs (ex-showroom). The vehicle is expected to go on sale over the holiday season, along with the pricing announcement.

MG Motor releases teaser of Cloud EV

MG Motor India teases with glimpses of its upcoming electric car– Cloud EV

The automotive industry has high expectations for the Union Budget 2024–2025, believing it would include regulatory measures and improve incentives to support the nation's electric vehicle (EV) ecosystem. The government is expected by businesses to unveil plans to improve the nation's manufacturing and charging infrastructure. "EVs have done very well on the market, and appropriate regulatory and incentive measures should be introduced to further strengthen the ecosystem. Additionally, the GST slabs should be adjusted such that the initial purchaser of a 100cc car falls under the 18% slab, according to Indore-based auto dealer Vishal Pamnani.&nbsp; Reportedly, automotive dealer’s representatives are looking for a smooth administrative functioning by reducing paperwork which will streamline and improve the financing process. A budget announcement from the government on the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) 3 initiative is also anticipated by industry participants. According to them, in order to encourage owners to get rid of their older cars, the scrapping policy has to be reinforced further by offering better incentives for doing so. Industry participants anticipate that the government will expand the scope of the Production Linked Scheme (PLI).&nbsp; "The industry will receive a much-needed boost if the Production Linked Scheme is expanded to include tyre producers. Policy reforms are necessary to address the cost of advancement in industries, which has increased due to new technologies,” citing an industry leader from Pithampur's tyre manufacturing sector, Times Of India Reported.

A budget announcement from the government on the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) 3 initiative is also anticipated by industry participants.

Automobile sector seeks subsidy and incentive support 

Automobile sector seeks further subsidy and incentive support from government

Porsche has introduced two new Macan EV models to the Indian market, with prices starting at Rs 1.23 million. The upscale e-SUV made its debut in this market with a single Turbo grade, which has also seen a price increase. In addition to the new entry-level Macan, EV Porsche has introduced a new 4S version, priced at Rs 1.39 crore. The pricing of the Macan EV Turbo is now Rs 1.69 crore instead of Rs 1.65 crore. Porsche's first rear-wheel drive SUV is the entry-level model, which has a single electric motor located in the back. The Macan EV can accelerate from 0 to 100 miles per hour in 5.7 seconds with its motor's 360 horsepower and 563 Nm of torque. Its maximum speed is electronically regulated at 220 mph.&nbsp; Porsche has also introduced an available 20-inch Macan S alloy wheel and a new exterior colour choice called Slate Grey Neo. For the whole range, an optional new off-road design package is also offered, which improves the ground clearance by 10mm and raises the approach angle. A 100kWh battery pack is included with each of the three trim levels. The Macan 4S EV reaches 606 km on a single charge, the entry-level model reaches up to 641 km, while the range-topping Macan Turbo EV gives 591 km. Because it is built on the PPE platform, the e-SUV has an 800V charging design that allows for DC charging of up to 270kW. The Macan EV's battery can be charged from 10 to 80 per cent in 21 minutes with the right fast charger. Luxury electric SUVs like the Mercedes EQE SUV, BMW iX, and Audi Q8 e-tron compete with the Porsche Macan EV. The two new models are now accepting reservations, and delivery is scheduled to start later this year.

The Macan 4S EV reaches 606 km on a single charge, the entry-level model reaches up to 641 km, while the range-topping Macan Turbo EV gives 591 km.

Porsche launches Macan EV RWD

Porsche launches Macan EV RWD in India: All you need to know

Sales of electric vehicles increased by 21% in the second quarter, according to Chinese electric car producer BYD Company. According to Reuters, BYD sold 4,26,039 EVs between April and June, which is about 12,000 lower than Tesla’s projected deliveries. According to the report, Tesla is expected to post a 6% decrease in second-quarter deliveries, which would be the company's first quarterly dip as it struggles with strong competition in China and weak demand for its older models. With 340,211 car deliveries in June 2024, BYD had already announced a rise in passenger vehicle sales. Sales of new energy vehicles (NEVs) surged to 341,658 units, while sales of battery electric vehicles jumped to 145,179 units. The article stated that BYD has continued to develop rapidly, but Tesla has halted manufacturing of its Model Y at its Shanghai facility as a result of declining demand. Impressive improvements were also made by EV companies like Nio Inc., whose Q2 deliveries more than doubled to nearly 57,300 units. Sales of electric and hybrid vehicles have increased for Chinese EV manufacturers as a result of price reductions and this transition. China Passenger Automobile Association (CPCA) reports that new energy vehicle sales in May broke monthly records, accounting for 46.7% of all automobile sales in China.

Tesla is expected to post a 6% decrease in second-quarter deliveries, which would be the company's first quarterly dip as it struggles with strong competition in China and weak demand for its older models.

BYD’s EV sales rose by 21%

Tesla’s competitor BYD’s EV sales rose by 21% in Q2 2024

Prashant Sha

Manufacturer of electric bike and scooters, BGauss, has said that the new RUV350 electric scooter will go on sale on June 25, 2024. The brand's second product on sale, the BGauss RUV350, is marketed as a tough and durable product that can handle a variety of terrains. The business describes the RUV, or recreational utility vehicle, as a first for the electric scooter market. It is claimed that the BGauss RUV350 will provide exceptional comfort and safety in addition to its great capacity to handle "all terrains." A step-through design with big wheels was suggested by the original teaser image, but it had a flat floorboard and a long seat instead. The RUV350's specifications have not yet been released by BGauss, but we anticipate to have the information before launch. In the company's portfolio, the new model will be placed above the C12 electric scooter. There are presently 125 or more BGauss dealerships nationwide. Currently, the business sells the C12 electric scooter line at retail stores.

The BGauss RUV350 will provide exceptional comfort and safety in addition to its great capacity to handle "all terrains." 

BGuass to launch its all-new RUV 350

BGuass to launch its all-new RUV 350: All you need to know

The latest entry of Xiaomi’s electric car- Speed Ultra 7 (SU7) has created a bitter-sweet feeling in the worldwide EV landscape. Within 24 hrs of launch, the company received more than 88,000 bookings pushing the company’s stock price to increase by 16% and making the company’s total valuation $55bn. The over-demand of the SU7 has made the waiting period of the car a minimum of 6 months. However, the electric car starting at the price of $29000 will lead Xiaomi towards a loss of $10,000 for each car sold, citing City research, Firstpost reported. The report further said that by the end of the year, the company will lose 4.1Bn Yuan which is around US $56bn considering a sales of 60,000 units.&nbsp; Xiaomi which is known for its cheaper rates is able to sustain this loss because of the company’s $15Bn reserve and Bejing’s backing. The motive behind such a price rate is reported to be the company’s ambition to gain a strong foothold in the world EV market, however, right now the SU7 is only available in China.&nbsp; It is to be noted that the SU7 electric car is manufactured by a state-owned company– BAIC group and not Xiaomi itself. Beijing’s backing of the EV ecosystem has reportedly made China overcrowded in terms of EV making. Meanwhile, with state subsidies reducing and tax benefits declining China-based EV makers are looking towards the world as a potential market which has generated a threat of EV dumping.&nbsp; Showing concerns about EV dumping, US Treasury Secretary Janet Yellen said, “I'm concerned about global spillovers from the excess capacity that we are seeing in China.”She further underlined the fact that there are now more EVs coming in the Chinese market than potential buyers. As the Chinese presence in the EV industry continues to grow, another report indicates that one out of 4 EVs sold in Europe is reported to be made in China.&nbsp; Seeing India as the next-largest EV market, the Chinese companies are expected to expand their foothold in the Indian EV Market as well. Following the same pattern, BYD a China-based EV manufacturer is already aiming to gain 90% of the Indian EV market share by 2024.

It is to be noted that the SU7 electric car is manufactured by a state-owned company– BAIC group and not Xiaomi itself.

With every SU-7 Xiaomi will lose 10,000 Chinese Yuvan

With every SU-7 Xiaomi will lose 10,000 Chinese Yuvan: Report

The Volkswagen Group and billionaire Sajjan Jindal's JSW Group are in negotiations to establish a joint venture (JV) for the production of electric vehicles (EVs) in India, according to persons with direct knowledge of the talks. The individuals, who asked to remain anonymous, stated that the two groups would soon move into an exclusivity period during which the parties could not negotiate with other possible partners. They also said that the conversations started earlier this month. Recently, the Odisha government and the JSW Group inked a deal for the establishment of an integrated electric vehicle (EV) and battery manufacturing facility at Cuttack and Paradip, with an anticipated ₹40,000 crore investment. In answer to a question, a JSW representative stated, "We refrain from providing comments on market rumours and speculations." "The significant Indian market is under the jurisdiction of Škoda Auto, a division of the Volkswagen Group.&nbsp; Further, a Volkswagen representative responded, "We are constantly looking for new business opportunities around the world, but please be aware that we typically don't comment on speculative news." China's SAIC Motor and JSW Group decided to collaborate on the development of electric vehicles (EVs) for the Indian market in December. The joint venture's financials were not made public, although both businesses said that JSW would own a 35 per cent share in it. According to previous reports, JSW will spend around Rs 2,800 crore on the JV, which is expected to have a valuation of Rs 8,000 crore. The reports also say that JSW planned to bring on other financial investors to the joint venture at a later date. Enhancing local sourcing, upgrading charging infrastructure, increasing manufacturing capacity, and launching a wider variety of vehicles with an emphasis on green mobility are just a few of the projects that the SAIC-JSW JV hopes to carry out.

Enhancing local sourcing, upgrading charging infrastructure, increasing manufacturing capacity, and launching a wider variety of EVs are just a few of the projects that the SAIC-JSW JV hopes to carry out.

 Volkswagen and JSW group join hands to establish EV joint venture

The new Tesla would significantly lower the price of its base model in Europe, where automakers are vying with one another to lower prices and open up EV ownership to a wider spectrum of consumers.  | EV Marketplace

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Tesla’s Berlin factory is all set to manufacture $26,863 EV

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