BMW will start producing its next-generation of electric vehicles, dubbed Neue Klasse, in the northeast China city of Shenyang in 2026, giving a major boost to its EV product lineup in the world’s biggest light-vehicle market.
May 18, 2023 03:26 PM
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Tariffs already hurting vehicle affordability as more price hikes loom
Despite discounts by automakers such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.
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