What is the cheapest Chinese electric car?

f you’re trying to solve a problem, it’s unlikely that anyone is going to look over your efforts, scribble things on a pad, scowl, and then say, “Have you tried half-assing it? Really phone it in?” This almost never happens. And yet it's precisely what I think needs to happen for electric cars to live up to their potential. They need to suck far, far more than they currently do. I know this sounds like what many experts would call “a terrible idea” and “stupid,” but I’m confident in this belief for one very notable reason: I’ve lived it. For the past few years, I’ve used and enjoyed an electric car that is, by the standards of any EV available on the mass market today, terrible. I’m talking about something with about 1/10th the range, about 1/250th the horsepower (and that’s being generous), and maybe 1/5th the maximum speed of a modern EV. These are the sort of specs that should be charitably considered garbage. And yet, despite it all, what I’ve learned is that not only are such meager capabilities enough for a shocking amount of my transportation needs, the whole experience has been downright fun. Yes, fun. The car I’m talking about is called the Changli Freeman, and I believe it is the cheapest car in the world. In fact, that was the initial reason I bought it. You see, my job is to write about and do things with interesting cars, so when the pandemic arrived in 2020, that put a real crimp in my usual plans of traveling to people with strange cars all over the country and driving them, on video, to the delight of audiences in the high severals. So, stuck at home, I hatched a new plan: I’d bring the interesting cars to me! Well, one interesting car, and that interesting car would be the cheapest new car one could buy. My research brought me to a category of automobile that is known in their native land, China, as 老头乐, something that translates to “old man happy car.” That’s because this type of car is primarily sold to elderly folks in second-tier cities who need something to get to the market or pick up grandkids from school. Slow is just fine, and the legality of these cars, even in their native China, is muddy, at best. But they are definitely cars, of a sort. At $930, the Changli was the cheapest of the cheap. Add in the necessary five 12V lead-acid batteries, which aren’t included in the base price, and the bill lurches up to $1,200, still absolutely, impossibly, floor-settingly dirt cheap for a new car of any kind. Oh, and perhaps equally incredibly, I found this car on the website Alibaba.com, and bought it online, just like you would buy a video game console that looks like a Playstation 5 but perversely only plays 40-year-old Nintendo games. Sure, shipping from China and all of the related customs hassles brought the total cost to about $3,300, but even so, we’re still talking about something wildly inexpensive. We’re still comfortably lying down on that bottom tier, and if you need further proof of this, here’s a video of me when I first got it and had to take it out of the massive cardboard box it shipped in:

Unboxing The World's Cheapest New Car Reveals It's So Much Better Than You Think www.youtube.com Now, aside from the fact that my new car arrived in a cardboard box, what you should note is my raw, unmitigated delight. I had been genuinely ready to accept what would effectively be a plastic porta-potty-type body on a crude, flimsy chassis with a chain-driven axle and an effective operational lifespan roughly on par with your average mosquito. But that’s not what I got. What I got was a very cleverly-designed little car with an all-steel body, all the required legal lights and indicators, a windshield wiper, heater, radio with an MP3 player, and even a freaking backup camera. It was so much better than I ever could have imagined. I later brought the Changli to Munro and Associates, one of the leading vehicular evaluation companies in the world, a place where major automotive manufacturers bring competitors' products to determine how they’re built and how much it costs to make them. Sandy Munro, who runs the company, was genuinely stunned by what the Changli had to offer, and how it was made: Sandy Munro Attempts To Demystify The Absurdly Low Cost Of The Changli www.youtube.com Remember, these are the reactions of someone who has torn down every major electric car on the market, from Teslas to Fords to BMWs. He knows what he’s talking about. The specs on the car aren’t exactly impressive: 1.1 horsepower electric motor, 60V of batteries which gave a (tested) range of 27 miles, and a top speed of about 25 mph or so, though something around 20 was more common. My kid is able to run up a hill faster than the Changli can get up it. for complete article see: https://heatmap.news/electric-vehicles/why-the-cheapest-ev-in-the-world-is-actually-better-than-all-the-better-evs

Rivian actually loses over $30,000 per truck sold

How much does Rivian lose per car sold? $39,130 Losses of 2 Billion dollars combined is a tough pill to swallow, but it took Tesla 14-years to turn a profit. Rivian lost a staggering $39,130 for every vehicle it sold in the 3rd quarter of 2024. Believe it or not, it could be a lot worse since Lucid lost $341,000 per vehicle in the same quarter.Nov 12, 2024

Rivian gets more government bailout money$!

Rivians got money problems,again! Rivian Automotive received a conditional $6.6 billion loan from the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing Program to help build a new electric vehicle factory in Georgia: The loan will help Rivian complete construction on its stalled factory project The first phase of construction is expected to be completed in 2028, which will increase annual production to 200,000 vehicles A second phase will increase annual production to 400,000 vehicles Rivian has also received other government incentives, including: $1.5 billion in state and local incentives for the Georgia facility in 2022 $827 million in an incentive package from the State of Illinois to expand operations at its Normal facility in May

Rivian is set to receive a $6.6 billion federal government loan to construct its Project Horizon manufacturing facility in Georgia, which will manufacture up to 400,000 vehicles. The loan will help create thousands of new American jobs and further strengthen U.S. leadership in EV manufacturing and technology. Rivian plans to begin production at the Georgia plant in 2028, with an initial yearly production run of 200,000 vehicles, and the plant is expected to support up to 2,000 full-time jobs through construction and 7,500 operations jobs by 2030. The loan is a conditional commitment, and Rivian must meet certain technical, legal, environmental, and financial conditions before the funds are delivered for financing.for complete article:yahoo finance

the cheapest ev's on the market in 2024.......................

According to Edmunds, some of the most affordable electric vehicles (EVs) in 2024 include: ========= 2024 Nissan Leaf: Starts at $28,140 and has a range of 149 miles. ========= 2024 Mini Electric Hardtop: Starts at $30,900 and has a range of 114 miles. ======== 2024 Tesla Model 3: Starts at $38,990 and has a range of 342 miles. ========= 2024 Hyundai Kona Electric: Starts at $32,675 and has a range of 261 miles. ======= Other affordable EVs in 2024 include: ===== 2024 Fiat 500e: Starts at $34,095. =========== 2024 Chevrolet Equinox EV: Starts at $34,995. ======= 2024 Volvo EX30: Starts at $36,245. ======= 2024 Fisker Ocean: Starts at $38,999. =============

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China's electric car drive, led by BYD, leaves global brands behind

SHANGHAI, April 17 (Reuters) - China's auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck in the slow lane.

When auto executives convene in Shanghai for the auto show starting Tuesday, they will return to a sharply different market from the one they left in 2021 when the industry gathered for a limited event under strict COVID-19 controls. The biggest change: China-made brands now lead in key segments and their rise has been powered by new electric-drive models that are gaining share at home and overseas. The biggest winner has been BYD (002594.SZ), which will use the Shanghai show to unveil a new hatchback electric vehicle (EV) for value-seeking buyers and a pricier EV styled as an SUV. BYD’s sales in China are up almost 69% this year, giving it an 11% share of the overall car market, more than the Volkswagen (VOWG_p.DE) brand or the Toyota (7203.T) brand, according to an analysis of sales data. "The stratification of this market into clear winners and losers is becoming clear," Bill Russo, founder of consultancy Automobility said in a note issued on Tuesday. "And there are very few winners and a whole lot of losers." China’s passenger car sales were down 13% in the first quarter, data from the China Passenger Car Association show. But sales of EVs and plug-in hybrids – an area where Chinese automakers led by BYD now dominate – were up 22%. Sales of internal-combustion vehicles were down by an almost equal margin. The result has been a double whammy for the likes of Volkswagen, General Motors (GM.N), Honda (7267.T) and Nissan (7201.T). Sales are down and so is market share. More than 40 auto brands have followed Tesla in cutting prices on EVs since January in a price war that has supported sales of EVs and plug-in hybrid electric vehicles (PHEVs), both of which are classed as “new energy vehicles” in China. It has also cut into industry-wide profitability, analysts say. THE ‘FINAL BASTION’ FOR COMBUSTION For years, China’s entry-level market for passenger cars was dominated by combustion-engine cars made by global automakers in partnership with Chinese brands. But for cars priced between $22,500 and $30,000, this year has been a wipeout for gasoline-only vehicles. Sales were down 20.5% in the first quarter, compared to a 68% gain for EVs and plug in hybrids. BYD’s Song plug-in hybrid SUV, with a starting price of about $20,000, outsold the Nissan Sylphy, which had been China’s top-selling car for three straight years. BYD’s Dolphin EV, which starts at about $17,000, was ahead of the Volkswagen Passat. Because of the cost pressure on EVs from battery materials, the entry-level market is likely to be “the final bastion” for gasoline-only vehicles in China, Xu Haidong, deputy chief engineer at the China Association of Automobile Manufacturers said. In China’s premium market, with prices between about $52,500 and $60,000, electric-drive cars are already the best sellers. BYD dominates China’s market for plug-in hybrids, cars that have a combustion engine but are capable of being charged and running for shorter distances on electric power. Plug-ins represent more than half of BYD sales this year, giving the company scale to compete on price across its line-up, analysts say. TESLA’S ‘HEART AND LUNGS’ Tesla saw a 27% increase in Chinese sales in the first quarter to just over 137,000 of its Model 3 sedans and Model Y crossovers. Tesla also increased share after cutting prices in China by between 6% and almost 14% in January. That put starting prices for Teslas in China between $7,500 and about $10,700 lower than current U.S. prices, which have also been discounted. Analysts and investors will focus on what that means for margins when Tesla announces first-quarter results on Wednesday. “Gaining further share in the key China market will be the hearts and lungs of the Tesla growth story,” Wedbush analyst Daniel Ives said in a note on Monday. In a further threat to established brands, China’s exports are growing fast, led by EVs and PHEVs. Industry-wide exports from China were up 83% last quarter from a year earlier. BYD, which markets its cars in Europe and Southeast Asia, had a 13-fold increase in exports from China. Reporting by Zhang Yan in Shanghai Writing by Kevin Krolicki in Singapore Editing by Mark Potter * FOR COMPLETE ARTICLE SEE: https://www.reuters.com/business/autos-transportation/chinas-electric-car-drive-led-by-byd-leaves-global-brands-behind-2023-04-17/