EV Daily | Tesla Cybertruck Struggles with Depreciation; BYD Expands in California with Electric Buses

【Tesla】

Tesla has started accepting Cybertruck trade-ins after deliveries began over a year ago. The vehicle suffers significant depreciation, with Tesla offering substantially lower trade-in values compared to its initial sale price. Despite having over a million reservations, only a small fraction converted to actual sales, leading to unsold inventory and heavy discounts. The Cybertruck's depreciation rate and performance issues have contributed to its commercial struggles, causing Tesla to slow down production.

【BYD】

BYD continues to expand its electric fleet in California, operating from a longstanding facility in Lancaster. The company recently delivered new K9MD battery-electric buses to Oakland International Airport, aiding in the airport's effort to electrify its ground operations by 2030. The buses offer a long operating range and are supported by eco-friendly transportation initiatives.

【Others】

Volvo Trucks is advancing its electric truck production in Australia with the imminent release of FH and FM Electric semi trucks at its Brisbane factory. This expansion aligns with Linfox's order, marking the largest electric truck order in Australia. The partnership between Volvo and Linfox demonstrates a commitment to sustainable logistics and zero-emission transport solutions.

【Others】

Stellantis faces challenges with its US brands, like Chrysler, which has reduced its lineup significantly. However, Stellantis's European brand, DS Automobiles, offers promising electric models like the No. 8 sedan. This model features a substantial driving range and fast charging capabilities, showing potential for badge-engineering as a new Chrysler vehicle to revitalize the brand.

【Others】

A fleet of over 100 autonomous electric mining trucks has been deployed at a coal mine in Inner Mongolia, powered by Huawei's 5G-Advanced network. The trucks promise enhanced safety and operational efficiency, with ambitions to expand the fleet further. This innovation supports China's move to integrate advanced AI and connectivity into traditional industries, pushing forward autonomous mining technologies.