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Battery technology is a core component of any new energy car, as it directly affects the vehicle’s performance and lifespan. In traditional internal combustion engine cars, engines and transmissions wear out long before hitting 1 million miles. In contrast, the electric motors in new energy cars are simpler and more durable. The limiting factor has always been the battery. Recent developments, such as solid-state batteries and advanced lithium-ion chemistries, have dramatically increased the number of charge cycles a battery can endure, bringing the possibility of a 1 million-mile battery closer to reality.

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At the core of pricing for any product, including cars, lies the fundamental economic principle of supply and demand. When the demand for a particular model or brand skyrockets, prices often follow suit, especially if the supply is limited. This phenomenon was notably observed during the COVID-19 pandemic when vehicle production was severely disrupted. As consumers returned to the market with pent-up demand, the limited availability of certain models resulted in inflated prices, sometimes exceeding the manufacturer’s suggested retail price (MSRP).


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