{"id":37805,"date":"2023-12-12T10:30:11","date_gmt":"2023-12-12T10:30:11","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars"},"modified":"2023-12-12T10:37:23","modified_gmt":"2023-12-12T10:37:23","slug":"fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars","title":{"rendered":"Fear of cheap Chinese EVs spurs automaker dash for affordable cars"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned.<\/p>\n

\u201cAutomakers are really now only turning to affordable vehicles, knowing they\u2019ve got to or they will lose out to Chinese manufacturers,\u201d said Andy Palmer, chairman of UK startup Brill Power, which has developed hardware and software to boost EV battery management system performance.<\/p>\n

Palmer, formerly Aston Martin\u2019s CEO, said Brill Power\u2019s products could boost EV range by 60% and enable smaller batteries. The battery is an EV\u2019s most costly component.<\/p>\n

Fears of slowing demand because EVs are expensive has increased urgency to reduce costs. That urgency can be seen everywhere. Renault (RENA. PA) said last month it plans 40% cost reductions for its EVs to reach price parity with fossil-fuel models.<\/p>\n

Stellantis (STLAM. MI) is building a European plant with China\u2019s CATL (300750. SZ) to make cheaper LFP batteries and recently unveiled the Citroen electric e-C3 SUV, which starts at 23,300 euros ($24,540). Volkswagen (VOWG_p. DE) and Tesla (TSLA. O) are developing 25,000-euro EVs.<\/p>\n

Vincent Pluvinage, CEO of Palo Alto, California-based OneD Battery Sciences, said that on his recent visits with European automaker customers, every meeting started with the same refrain: \u201c\u2018Reducing costs is now more important than anything else.<\/p>\n

‘\u201d
\nOneD adds silicon nanowires to graphite EV battery anode material to boost range and cut charging time, saving $281 \u2013 nearly 50% \u2013 versus using graphite alone for a 100 kilowatt hour (kWh) EV battery.<\/p>\n

This can reduce EV battery weight by 20% for the same range, Pluvinage said. General Motors (GM. N) is a OneD investor and customer. OneD has developed a manufacturing process on relatively inexpensive machinery used in the solar panel industry, as Pluvinage said automakers dislike complex, costly new processes.<\/p>\n

OneD\u2019s first test plant will open early next year. Hodenhagen, Germany-based Veekim has developed an EV motor with magnets using a form of ferrite, or iron powder, instead of rare earths, which five automakers and suppliers are testing for affordable EV projects.<\/p>\n

Legacy automakers want to cut rare earths use because China dominates mining and processing. Veekim CEO Peter Siegle said using cheaper ferrite and low-cost processes \u2013 including 3D-printed copper wiring \u2013 can cut an EV motor\u2019s price by 20%.<\/p>\n

Motors can cost more than 500 euros. \u2018ALL ABOUT THE COST\u2019
\nIt is not just startups seeking EV cost reductions. Chip maker NXP (NXPI. O) is working with automakers to reduce the amount of electronic control units \u2013 or mini-computers \u2013 in EVs, which can number between 200 and 300, said Allan McAuslin, director of vehicle control and electrification.<\/p>\n

Siemens (SIEGn. DE) has developed software simulation called digital twins to halve expensive EV development time. European automakers are reacting to the arrival of lower-cost EVs from China, whose makers are planning even cheaper models.<\/p>\n

BYD\u2019s (002594. SZ) Dolphin hatchback, for instance, starts in the UK at 26,000 pounds ($33,000), nearly 30% below the starting price for the VW ID.3 hatchback. But U. S. automakers, somewhat protected from Chinese EV imports by subsidies in the Inflation Reduction Act, also seek more affordable EVs.<\/p>\n

GM said it has saved billions partly by developing a more inexpensive battery pack with LFP batteries for its revamped Bolt EV, which will launch in 2025, two years earlier than planned.<\/p>\n

Ford (F. N) said it will cut costs partly through a 50% increase in \u201cin-sourcing\u201d of parts like batteries and inverters. Premium automakers want lower costs for EVs, too.<\/p>\n

Michigan-based Our Next Energy (ONE) is developing an \u201cAres\u201d battery pack with cheaper LFP technology that should give automakers the same electric driving range for half the price and a \u201cGemini\u201d pack for customers including BMW (BMWG.<\/p>\n

DE) that offers extended range and should cost $75\/kWh compared with an average today of $130\/kWh, CEO Mujeeb Ijaz said. Suppliers said automakers particularly like less expensive parts that also reduce production costs.<\/p>\n

San Carlos, California-based CelLink has developed a laminate sheet to replace wire harnesses \u2013 labor-intensive to make and install \u2013 that can be installed by robots.<\/p>\n

CelLink raised $250 million from investors last year and in May announced a $362 million U. S. government loan for its Texas factory. Since opening that plant, said CEO Kevin Coakley, \u201cWe\u2019ve gotten some form of a purchase order from basically every major automaker that\u2019s come through there.<\/p>\n

\u201d
\nIsraeli startup Addionics has developed porous, three-dimensional copper and aluminium electrode battery materials that look like sheer silk scarves when held up to the light and use far less material \u2013 including 60% less copper.<\/p>\n

Those electrodes provide faster charging and boost EV range by 30%, CEO Moshiel Biton said. But automakers are more interested in projected savings of up to $7.50 per kWh.<\/p>\n

\u201cWhat we hear from carmakers today is, \u2018We don\u2019t need longer range, we want lower costs,’\u201d Biton said.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned. \u201cAutomakers are really now only turning to affordable vehicles, knowing they\u2019ve got to or they […]<\/p>\n","protected":false},"author":84,"featured_media":37804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,332,241],"class_list":["post-37805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-chinese","tag-mauritius"],"yoast_head":"\nFear of cheap Chinese EVs spurs automaker dash for affordable cars - Mauritius<\/title>\n<meta name=\"description\" content=\"The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to supplie ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fear of cheap Chinese EVs spurs automaker dash for affordable cars\" \/>\n<meta property=\"og:description\" content=\"The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to supplie ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-12T10:30:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-12T10:37:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/12\/sm_1702364813.893853.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fear of cheap Chinese EVs spurs automaker dash for affordable cars\",\"datePublished\":\"2023-12-12T10:30:11+00:00\",\"dateModified\":\"2023-12-12T10:37:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars\"},\"wordCount\":823,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/12\/sm_1702364813.893853.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Chinese\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/fear-of-cheap-chinese-evs-spurs-automaker-dash-for-affordable-cars\",\"name\":\"Fear of cheap Chinese EVs spurs automaker dash for affordable cars - 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