The push to make less expensive electric cars for American drivers is spurring intense competition to lower manufacturing costs.
There was a piece of good news about electric cars this week. Stellantis CEO Carlos Tavares said last year his company made a profit on electric cars.that Tavares told the press after the company’s latest earnings call, “Stellatis’ strategy is very different… from the other competitors from Detroit. We’re keeping full speed on electrification.” The company reported its third straight year of record profits since the merger of Fiat Chrysler and PSA Group created the company in 2021.
GM is supposedly working on a new version of the Chevy Bolt, but what it will cost is far from clear. The original was the cheapest long range EV for sale in America, so of course Chevrolet stopped making it a few weeks ago, years before its replacement will be available.says Ford has created a high powered team of cost cutters who are working with Alan Clarke, a former Tesla and Ford Advanced EV development boss, in a so-called semi-secret “skunk works” in Irvine, California.
The company is assembling its own fleet of cargo ships to deliver electric cars to Europe and other markets. This week, there are reports that BYD is actively seeking a suitable place to manufacture cars in Mexico. Citing various sources,says Zhou Zou, BYD’s manager in Mexico said recently a feasibility study for a Mexican plant is underway and plans are being discussed with local authorities.
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