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Saturday, October 9, 2021
Bidding on it, making an offer on it or selling it, do it on Hemmings!
Friday, October 8, 2021
Lucid Air Dream Edition is the real deal
If you have trouble reading this message, view it in a browser. Lordstown is selling its Ohio plant to iPhone maker, the electric Silverado is headed to CES, and the Lucid Air Dream Edition is the real deal. But first: This week Volvo launched production of its first EV-only model, with the first examples of the C40 Recharge rolling off the assembly line in Belgium. Intended as a companion to the XC40 Recharge and sharing its powertrain, the C40 Recharge is powered by two electric motors, one at each axle, drawing juice from a 78-kWh (total) battery for a combined 402 hp and 486 lb-ft of torque. That's plenty of power for a crossover of its size, which will also permit it to sprint from 0 to 60 mph in just 4.7 seconds. The C40 Recharge joins the XC40 Recharge as Volvo's second EV, not counting Polestar models. This will allow it to compete with the Audi Q4 e-tron and the Tesla Model Y, among others, but it will certainly be premium-priced, with a starting sticker of $58,750, prior to any federal or local incentives. Tesla has managed to increase deliveries even with two models accounting for a tiny percentage of sales. Speaking of production starts, Tesla appears ready to start Model Y production at two new plants soon, as this model and the Model 3 now account for the significant majority of Tesla sales. The automaker is set to begin Model Y production in Austin, Texas, and also at the Berlin-Brandenburg plant in Germany, prioritizing the two of its smaller and newer offerings amid record deliveries. Lordstown Motors, the EV start-up behind the troubled Endurance pickup, plans to sell its Ohio plant to Taiwanese electronics manufacturer Foxconn, best known in the west for producing iPhones. Foxconn plans to build vehicles in the same 6.2-million square foot plant, which Lordstown itself bought from GM in 2019. The first electric Mercedes-Benz eActros trucks are already headed to work, with the automaker sending the first pre-production trucks from the truck plant in Wörth, Germany, into the real world days ahead of the start of series production later this week. Four trucks assembled as part of trial runs will each undertake very different jobs. Spread the word: If you know someone interested in staying on top of the rapidly growing EV segment, feel free to pass this newsletter along.
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