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General Motors is offering 2020-2022 Chevrolet Bolt EV and EUV owners an early $1,400 payment for a class-action lawsuit settlement over the recalled EVs in exchange for installing diagnostic software the automaker plans to use to determine if cars need new battery packs. First reported by Electrek, the payment offer is the latest development in a saga that has seen GM recall all Bolt EV models and temporarily halt production over defective battery cells from supplier LG that were found to be a fire risk. GM confirmed the offer to Green Car Reports. 2022 Chevrolet Bolt EV “GM is announcing…
BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020. https://img.cnevpost.com/2023/10/30204343/2023103012434242.mp3 BYD (OTCMKTS: BYDDY) saw strong profit growth in the third quarter, as it continues to solidify its position as China’s largest new energy vehicle (NEV) maker. BYD reported record revenue of RMB 162.15 billion in the third quarter, up 38.49 percent year-on-year and up 39.76 percent from the second quarter, according to its earnings report released today. The company reported…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The auto industry’s thirst for 3D-printed car parts is heating up, and the latest development is a doozy. The US startup Seurat Technologies has just closed a $99 million Series C funding round for its new 3D-printed metal technology with new investor Honda on board. Returning for the Series C round are other automakers and suppliers including Porsche, Denso, and the Ventures arm of General Motors. $99 Million For 3D-Printed Metal Car Parts The $99 million in Series C funding for Seurat is a…
Tesla has leaked upcoming new sports seats for the Model S Plaid through its service manual. When it comes to having performance versions of its vehicles, Tesla primarily makes suspension and brake upgrades. Often, it doesn’t even change the powertrain. It stays the same, but its software locks capabilities in cheaper versions and unlocks them for the performance versions in order to achieve faster acceleration and top speed. It results in minimal hardware differences between versions – streamlining vehicle production. Last week, we learned that Tesla was working on new “sport seats” for the updated Model 3 Performance. Now, we…
The first phase of CATL’s Guizhou production base has been put into operation with an annual capacity of 30 GWh, capable of producing a cell in 1 second and a pack in 2.5 minutes. https://img.cnevpost.com/2023/10/30134741/2023103005474143.mp3 (Image credit: CATL) Chinese power battery giant CATL has put into operation a new battery production base capable of producing an average of one cell every one second with the help of highly automated production lines. CATL’s production base for power and energy storage batteries in Guian New District in southwest China’s Guizhou province went into operation on October 27, the battery giant said in…
Fang Cheng Bao started the pre-sale of its first model, the Bao 5, in August, with a pre-sale price range of RMB 300,000 – RMB 400,000. https://img.cnevpost.com/2023/10/30103052/2023103002305225.mp3 (Image credit: CnEVPost) BYD’s personalized sub-brand Fang Cheng Bao has opened its first batch of stores, with pre-sales of its first model started in August, while official sales have yet to begin. Fang Cheng Bao’s first 70 directly-managed stores have begun trial operations, with another 10 opening soon, the brand announced today. These stores cover 44 cities in 23 regions of China, including Beijing, Shanghai, Guangzhou, Shenzhen, Hefei, Wuhan and Nanjing, it said.…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! With all of the headwinds EVs are facing in recent weeks, one thing is becoming increasingly clear: affordability is a giant factor. With inflation kicking families in the butt at grocery stores, economic challenges leading to lower or lost pay, and interest rates climbing, car buyers are feeling the squeeze. People simply can’t afford as much of a monthly payment as they did before, and at the same time, that monthly payment doesn’t buy as much car (because more of it goes to interest).…
The hydrogen fuel cell car segment in the United States (actually in California, where the series-produced models are available) continued its rebound last quarter, potentially heading towards the best year ever. According to the Hydrogen Fuel Cell Partnership’s data, during the third quarter of 2023, 966 new hydrogen fuel cell cars (aka FCV or FCEV) were sold in the U.S., which is 531 percent more than a year ago (from a low base of 153 units). The Hydrogen Fuel Cell Partnership’s FCVs sales data comes from Baum and Associates. “Sales data is based on car sales sold by a dealer…
The Volkswagen Group is slashing 2,000 jobs at its Cariad software division as a part of a strategic restructuring plan, triggering a chain reaction of delays for the development of future electric vehicle platforms, German publication manager magazine reported yesterday. The group’s board of directors has approved the downsizing, which will occur between 2024 and the end of 2025, said manager magazine, citing leading executives from the group. However, the plan still requires approval from the works council, which has guaranteed jobs for workers till mid-2025, Reuters reported. Cariad, formed in 2019 under the VW Group, is in charge of…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Normally, when someone talks about Tesla’s Superchargers, it’s assumed that they’ll live at a Tesla station. So far, that assumption has held true, because the company has been too busy building out its own charging network to even consider selling any of the stations. Plus, until recently, Tesla’s charging hardware only worked with Tesla’s cars, so it would have been pointless for anyone else to buy them. But, things have changed. First, Tesla opened up the design of the company’s proprietary connector, calling it…