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Court rejects Tesla’s attempt to raise fines for automakers violating fuel economy requirements

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Automakers say the increase will cost them at least a billion dollars a year

A US Court of Appeals yesterday denied Tesla’s motion to impose higher fines on automakers that fail to meet US fuel economy requirements.

In April, an appeals court already denied the electric vehicle maker’s request for immediate action, pending a review of the matter by the National Highway Traffic Safety Administration (NHSTA). In August, Tesla again asked the court to take immediate action.

Court rejects Tesla's attempt to raise fines for automakers violating fuel economy requirements

Tesla is selling allowances to other automakers so they can meet government requirements. Those allowances have been devalued due to rule changes made by former President Donald Trump’s administration, the company said.

In August, an NHSTA notice came out saying the administration was planning to increase the fines. In December, she submitted a draft proposal to the White House for regulatory review.

Automakers say the increase will cost them at least a billion dollars a year, both in the form of fines for non-compliance with the rules and payments for allowances used to comply with the rules.

The Trump administration, in its final days, has delayed passing a 2016 regulation that more than doubled penalties for automakers failing to meet “Average Corporate Fuel Economy” (CAFE) requirements. In August, Tesla urged NHSTA to withdraw the decision immediately so the ruling could go into effect. A group representing major automakers including General Motors, Toyota, Ford and Volkswagen opposed Tesla’s request.

“That Tesla can benefit from greater confidence in the value of the CAFE quotas it has accumulated is hardly a reason to terminate the current administrative process,” the group said in the appeals court.

| Source: Reuters

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Electric Cars

Electric car for $ 4,500 ahead of Tesla and Porsche Taycan: which electric cars are getting cheaper the slowest

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The All-China Federation of Industry and Commerce, the Automobile Dealers Chamber of Commerce and Cheevaluation have jointly released the 2021 China Automotive Residual Value Preservation Annual Report, which shows how much cheaper new-energy vehicles have fallen in the first year.

The list includes top-selling models, including Wuling Hongguang MINI EV, Tesla Model 3, Tesla Model 3, BYD Han, Xiaopeng P7, and more. including Hongguang MINI EV surpassed all expectations and won the first place: in the first year, it retained 89.78% of the original cost on average in the Chinese market. A car costs less in the first year than it would cost to rent another car in China.

Electric car for $ 4,500 ahead of Tesla and Porsche Taycan: which electric cars are getting cheaper the slowest

As for why the Hongguang MINI EV is slowly getting cheaper there, the main reason is that the manufacturer has reduced its profit margin as much as possible. Recall that an electric car for $ 4,500 was the best-selling over the past 16 months in China.

The Xiaopeng P7 ranked second on the list with 85.67% and also overtook the Tesla Model 3 and Model Y cars, which came in third and fifth respectively. The Porsche Taycan was in fourth position with a score of 83.47%.

Electric car for $ 4,500 ahead of Tesla and Porsche Taycan: which electric cars are getting cheaper the slowest

Also on the list were BYD, HanGAC Aion Aion V, NIO ES6, GAC Aion Aion S, and BYD Tang.

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Word of mouth in action: Tesla does not spend money on advertising, car owners do it for her

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Tesla has posted on Chinese social media that its ad spend is almost zero. Customers are asked to remember the last time they saw a Tesla ad on billboards, in banner ads on websites, or on television.

Tesla claims that it deliberately does not advertise its vehicles, relying only on word of mouth. We are talking about the free and voluntary distribution of information about Tesla cars from satisfied users to their friends, acquaintances and Internet users around the world.

Earlier, Elon Musk said: “We will focus on improving the performance and quality of Tesla products. We believe that the best way to sell products is to allow users themselves to spread the word about them.”

Word of mouth in action: Tesla does not spend money on advertising, car owners do it for her

In addition, Tesla noted that the cost of most vehicles on the market is made up of manufacturing costs, component costs, research and development costs, and quite a lot of marketing costs. At the same time, Tesla considers it unreasonable that car owners should pay for their advertising.

According to Tesla, when a product is really good, people themselves will actively recommend it. Therefore, the company focused on research and development, as well as increasing the pace of production.

The direct selling model allows for interaction with customers, allowing consumers to learn more about a car from Tesla product experts before making a decision to buy a car.

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Chery’s affordable, tech-packed hybrid crossover unveiled with over 1,000 km range and 1 liter per 100 km consumption

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Chery has unveiled a new crossover that will be released under the Exeed brand. Today, pre-orders for the Chery Exeed ET-i, which is a hybrid crossover, have opened in China.

The car received two 12.3-inch screens, which are combined into a single body, as well as a projection display, soundproof glass, a proprietary audio system, dual-zone climate control, a voice command recognition system and other modern features.

Chery's affordable, tech-packed hybrid crossover unveiled with over 1,000 km range and 1 liter per 100 km consumption

Dimensions Chery Exeed ET-i are 4533 x 1848 x 1699 mm with a wheelbase of 2670 mm, it is positioned as a compact crossover. The car is equipped with the Star Nuclear Power ET-i super hybrid system, consisting of a 1.5-liter gasoline engine and two electric motors. There are 9 different driving modes.

Chery's affordable, tech-packed hybrid crossover unveiled with over 1,000 km range and 1 liter per 100 km consumption

The petrol engine has a maximum power of 157 kW and a maximum torque of 230 Nm. Thanks to intelligent torque distribution, total fuel consumption reaches 1 liter per 100 km, and with a completely discharged battery, it does not exceed 4.8 liters.

According to official figures, the car is equipped with a three-cell lithium battery supplied by Guoxuan Hi-Tech. The electric-only range is 105 kilometers, and the full range is more than 1,000 kilometers. Acceleration from 0 to 100 km / h is only 6.8 seconds.

Chery's affordable, tech-packed hybrid crossover unveiled with over 1,000 km range and 1 liter per 100 km consumption

The starting price of the car is 23.6 thousand dollars, the older version costs 25.2 thousand dollars.

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