Start United States USA — IT Affordable EVs Become Top Priority for Automakers

Affordable EVs Become Top Priority for Automakers

166
0
TEILEN

Chinese electric vehicles, top automakers are urgently working to cut costs and accelerate the development of more affordable EVs.
Due to rising competition from inexpensive Chinese electric vehicles, top automakers are urgently working to cut costs and accelerate the development of more affordable EVs. 
Companies are partnering with battery, software, and component suppliers to find savings wherever possible.Suppliers Help Slash EV Battery and Powertrain Costs
Andy Palmer, chairman of UK startup Brill Power, revealed that automakers are now looking to make affordable vehicles to avoid losing out to Chinese manufacturers.
Bill Power has developed software and hardware to boost battery management system performance in electric vehicles. The firm’s products could boost EV range by 60%, using smaller, cheaper batteries.
But Bill Power isn’t in this race alone. Renault recently announced plans to reduce EV costs by 40% to match gas-powered cars. 
Also, Stellantis, in partnership with CATL, has begun building a plant in Europe to produce cheaper batteries and launched the affordable Citroen e-C3 SUV. Volkswagen and Tesla are both working on EVs costing just around 25,000 euros.

Continue reading...