Nissan stuns vehicle buyers with new ultra-affordable electric vehicle — and it's far from bare-bones
Nissan is stepping up its electric vehicle game by cutting back the price of its newest EV. According to Electrek, the new Nissan N7 sedan, which was recently unveiled at the Shanghai International Automobile Industry Exhibition, starts at only $16,500.
This may be Nissan's attempt at competing with Chinese EV giant BYD, which recently released the Qin L for $16,500.
Despite the low price, the N7 isn't some bare-bones EV without any flashy smart tech. It comes with high-speed navigation, city memory navigation, as well as intelligent parking, all of which can be controlled using the 15.6-inch infotainment monitor. It also comes with AI voice interaction.
The N7 doesn't sacrifice much on range either. It comes in five different models, which can trek from 316 miles on a single charge to 388.
One of the reasons Nissan is able to sell the N7 for so cheap is because it has a lithium iron phosphate battery pack rather than a lithium-ion battery made using nickel, manganese, and cobalt like a lot of EVs. LFP batteries are significantly cheaper to manufacture. Volkswagen used the same strategy in manufacturing its new affordable EV, the ID.2.
Unfortunately, none of the affordable EVs mentioned here will be hitting the streets in the United States any time soon, though that could always change with enough consumer demand. For now, the N7 and Qin L are focused on the Chinese market, and the ID.2 is targeting the European market.
EVs already have well-known money-saving benefits over gas-powered vehicles in that they don't require as much maintenance and the driver doesn't need to worry about fluctuating gas prices. That's on top of the fact that EVs don't produce planet-warming pollution that contributes to extreme weather events.
But for some, EVs might not have been an option because they're generally a little more expensive. Cheaper EVs such as the N7 could convince consumers to make their next car an EV.
Home solar can increase the savings from owning an EV by cutting charging costs. Charging at home using solar power is cheaper than using public charging stations or energy from the grid. EnergySage provides homeowners with a free service that helps them compare quotes from vetted solar installers as well as any rebates or tax incentives for going solar. Additionally, Palmetto has a solar leasing program called LightReach, which helps you install panels on your home for no money down and still lock in low energy rates.
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Chicago Tribune
15 minutes ago
- Chicago Tribune
Oil flip-flops and shares are mixed after the US strikes Iranian nuclear sites
BANGKOK — Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched Monday to see how Iran will react. The price of oil initially jumped more than 2%, fell and then regained about half that much. U.S. stock futures edged lower and share benchmarks in Europe and Asia also were mostly lower. The attacks on three Iranian sites raised the stakes in the war between Israel and Iran and left questions about what remains of Tehran's nuclear program. It also increased the possibility that Iran might retaliate, potentially disrupting shipping through the narrow Strait of Hormuz, a waterway through which much of the world's crude oil passes. The big unknown is what Iran will do, analysts said. The price of Brent crude oil, the international standard, was up 1.2% at $77.91 per barrel. U.S. benchmark crude climbed 1.3% to $74.79. The future for the S&P 500 was little changed, while that for the Dow Jones Industrial Average was down 0.1%. Treasury yields were steady. In Europe, Germany's DAX lost 0.5% to 23,230.54 and the CAC 40 in Paris fell 0.6% to 7,541.25. Britain's FTSE 100 shed 0.2% to 8,761.53. Overall, there was no sign of panic. 'I believe what we are thinking is or the thinking is that it is going to be a short conflict. The one big hit by the Americans will be effective and then we'll get back to sort of business as usual, in which case there is no need for an immediate, panicky type of reaction,' said Neil Newman, managing director of Atris Advisory Japan. The conflict began with an Israeli attack against Iran on June 13 that sent oil prices yo-yoing and rattled other markets. Closing off the Strait of Hormuz would be technically difficult but it could severely disrupt transit through it, sending insurance rates spiking and making shippers nervous to move without U.S. Navy escorts. As a major oil producer, Iran may be reluctant to close down the waterway, which is used to transport its own crude, mostly to China. Oil is a major revenue source for the regime. 'The situation remains highly fluid, and much hinges on whether Tehran opts for a restrained reaction or a more aggressive course of action,' Kristian Kerr, head of macro strategy at LPL Financial in Charlotte, North Carolina, said in a commentary. Speaking to Fox News on Sunday, U.S. Secretary of State Marco Rubio said disrupting traffic through the strait would be 'economic suicide' and would elicit a U.S. response. 'I would encourage the Chinese government in Beijing to call them about that because they heavily depend on the Strait of Hormuz for their oil,' Rubio said. When asked about that at a routine briefing in Beijing, Chinese Foreign Ministry spokesperson Guo Jiakun told reporters in Beijing that 'China is willing to strengthen communication with Iran and relevant parties to continue playing a constructive role in promoting de-escalation' of the conflict. 'The Persian Gulf and its adjacent waters are important international channels for cargo and energy trade. Maintaining security and stability in this region serves the common interests of the international community,' he said. Tom Kloza, chief market analyst at Turner Mason & Co said he expects Iranian leaders to refrain from drastic measures and oil futures to ease back after the initial fears blow over. Disrupting shipping would be ' a scorched earth possibility, a Sherman-burning-Atlanta move,' Kloza said. Writing in a report, Ed Yardeni, a long-time analyst, agreed that Tehran leaders would likely hold back. 'They aren't crazy,' he wrote in a note to investors Sunday. 'The price of oil should fall and stock markets around the world should climb higher.' Other experts weren't so sure. Countries are not always rational actors and Tehran could lash out for political or emotional reasons, said Andy Lipow, a Houston analyst who has covered oil markets for 45 years. 'If the Strait of Hormuz was completely shut down, oil prices would rise to $120 to $130 a barrel,' Lipow said. That would translate to about $4.50 a gallon at the pump and hurt consumers in other ways, he said. Much of East Asia depends on oil imported through the strait. Taiwan's Taiex fell 1.4% while the Kospi in South Korea slipped 0.2%. In Tokyo, the Nikkei 225 edged 0.1% lower, with gains for defense contractors, oil companies and miners helping to make up for broad losses. 'The U.S. strike on Iran certainly is very good for defense equipment,' Newman of Atris Advisory said, noting that both Japan and South Korea have sizable military manufacturing hubs. Australia's S&P/ASX fell 0.4%. Hong Kong's Hang Seng regained lost ground, climbing 0.7%, while the Shanghai Composite index picked up 0.7%. In currency dealings, the U.S. dollar rose to 147.82 Japanese yen from 146.66 yen. The euro fell to $1.1464 from $1.1473.


UPI
25 minutes ago
- UPI
Britain, U.S. warn Iran against Strait of Hormuz blockade
U.S. Secretary of State Marco Rubio (R) and Britain's Foreign Secretary David Lammy (L) at a meeting at NATO Headquarters in Brussels in April. File Photo by NATO/UPI | License Photo June 23 (UPI) -- Britain cautioned Iran Monday that attempts to block the Strait of Hormuz or to strike at American military facilities in the Middle East could lead to escalation, even as Israel continued its strikes on Iran. British Foreign Secretary David Lammy said Monday that such actions would be a "catastrophic mistake." "It would be a huge, catastrophic mistake to fire at U.S. bases in the region at this time. We have forces in the region at this time," said Lammy in an interview with BBC Breakfast. The Iranian parliament moved Sunday to approve a measure to close the Strait in response to the American strikes on Iran over the weekend. The strait serves as a critical route for oil being shipped from Persian Gulf countries, but ultimately it will come down to whether Iran's Supreme Leader Ayatollah Ali Khamenei decides to move forward with such a plan. Close to 30% of the world's seaborne oil shipments are moved through the strait. U.S. Secretary of State Marco Rubio also commented Sunday against Iranian interference with movement through the strait. He spoke with Fox News and called on China to prevent Iran from closing the Strait of Hormuz. "I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil," said Rubio, as China is a key oil customer of Iran. "The Persian Gulf and nearby waters are important route for international trade in goods and energy. Keeping the region safe and stable serves the common interests of the international community," Chinese Foreign Ministry Spokesperson Guo Jiakun said in a press conference Monday. "China calls on the international community to step up effort to promote de-escalation of the conflict and prevent the regional turmoil from having a greater impact on global economic growth." Meanwhile, Israel Defense Forces announced Monday on social media that it "struck routes in order to obstruct access" to the Fordow nuclear enrichment site in Iran's Qom province. The IDF also proclaimed it attacked six Iranian airports "across western, central, and eastern Iran, destroying runways, underground hangars, refueling aircraft, F-14, F-5 and AH-1 aircraft." It further alleged the strikes "impaired takeoff capabilities from these airports, as well as the Iranian military's ability to operate its air force from them."

Business Insider
an hour ago
- Business Insider
Top 10 countries with most bombers and superior air force
Air force power remains one of the most decisive pillars of military strength in today's world, shaping the global balance through advanced technology, bomber and fleet size, and strategic reach. Airpower is a crucial element of modern military strength, influencing global dynamics through advanced technology and fleet capabilities. The United States operates 39% of the world's fighter jets, showcasing its superior aerial capabilities compared to other nations. Countries like Israel, South Korea, and Japan maintain strong, technologically sophisticated air forces, despite not operating strategic bombers. From heavy bombers capable of long-range precision strikes to cutting-edge fighter jets built for air superiority, the world's major powers continue to invest heavily in their air force as a means of projecting influence and deterring threats. According to Flight Global, there were 53,265 military aircraft in the world in 2022. The United States alone operates about a quarter of that total, followed by Russia with 8% and China with 6%. A separate report by Military Embedded Systems also noted that 39% of the world's fighter jets are flown by the U.S., with China trailing far behind at 24.4%. These figures reflect not only dominance in quantity, but also in capability—especially when strategic bombers and multirole combat aircraft are factored in. U.S. B-2 Spirit bomber steals the show in airspace war One dramatic event that underlines the role of air superiority is the recent strike carried out by the U.S. B-2 Spirit bomber—one of the most feared and advanced aircraft ever built. The U.S. B-2 Spirit bomber's ability to infiltrate Iranian airspace and carry out one of the most precise bombing operations in recent history has left a global mark on the evolving nature of modern warfare and air dominance. With a unit cost of $2.1 billion, the B-2 remains the most expensive military aircraft in history. Manufactured by Northrop Grumman, the B-2 first entered service in the late 1980s, but production was limited to just 21 units following the end of the Cold War. Powered by stealth and capable of penetrating even the most sophisticated air defenses, the B-2 has a combat range of over 6,000 nautical miles without refueling. With aerial refueling, it can reach virtually any target on the planet. It has demonstrated this in missions from Missouri to Afghanistan, Libya, and more recently, Iran—reaffirming America's unmatched global strike capabilities. This ranking of the top 10 countries with the most bombers and superior air force capabilities takes into account not only total fleet size, but also the sophistication and readiness of their combat aircraft—particularly advanced fighter jets and long-range bombers. Below is a detailed breakdown of the world's top air powers, ranked by bombers, advanced fighter jets, and total air force strength, using data from FlightGlobal, Military Embedded Systems, and Global Firepower. The 20 countries with the most bombers and superior air power are ranked by their overall scores. Countries equipped with bombers are ranked higher, while those without are evaluated based on the strength of their fourth- and fifth-generation fighter jets. Rank Country Bombers Advanced Fighter Jets Air Force Fleet Score 1 United States 141 2,364 5,209 N/A 2 Russia 137 616 3,652 N/A 3 China 120 324 2,084 N/A 4 Israel None 273 581 0.394 5 South Korea None 215 890 0.392 6 Japan None 182 779 0.307 7 Australia None 72 296 0.305 8 India None 284 1,645 0.29 9 United Kingdom None 145 466 0.26 10 Saudi Arabia None 283 702 0.249 While the U.S. and Russia continue to lead with massive and strategically diverse fleets, countries like Israel, South Korea, and Japan have built formidable air forces through modernization and advanced technology, even without maintaining bomber fleets.