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Hello R25/litre? Another petrol price increase is on the horizon for South African motorists in May following preliminary data from the Central Energy Fund which illustrates a fourth consecutive month of increases.
China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance.
As car prices moderate from a pandemic-era surge, insurance has pushed the cost of car ownership to the brink for many Americans.
Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers.
Kyalami Grand Prix circuit will once again host the prestigious Festival of Motoring, which returns for its 2024 edition between the 30th of August and the 1st of September. Details here.
News out of China is that BYD’s battery subsidiary, FinDreams, is poised to launch the second-generation of its innovative Blade battery which promises a big boost in energy density and the possibility of more than 1000km of range.
According to statistics from Late Finance BYD make an average net profit of 9,000 yuan per car, that’s about 1,250 USD. Tesla on the other hand made over 8,250 USD per car based on net profit of 14.9 billion dollars and sales of 1.81 million cars in 2023. What this clearly shows is that BYD is going after market share rather than profits.
Tesla (TSLA) stock closed up nearly 5% on Monday as investors bought into CEO Elon Musk’s latest proclamation that Tesla would debut its long-awaited robotaxi on Aug. 8.