EV Daily | Tesla Faces Sales Challenges; Hyundai and Kia Boost EV Affordability; Lucid Expands Battery Chain

【Tesla】

Tesla's sales in China and Germany have declined, contrasting with a rise in overall EV sales. Although Tesla has long been interested in entering the Indian market, it faces barriers due to India's protectionist policies and high import duties. Despite initial steps to enter the market, Tesla has decided against manufacturing in India due to underutilized production capacity and existing demand issues. Meanwhile, Tesla is tackling employee morale problems following prior layoffs, aiming to refocus on its original mission amid internal cultural shifts. Tesla's Model Y Standard Range continued to be popular in Germany despite overall sales dips.

【Others】

Hyundai's IONIQ 5 electric SUV sees improved affordability with lease prices cut to $179 per month, a move aimed to boost sales. Kia's EV lineup, including the EV4 electric sedan, is expanding in the US, with pre-orders open and features such as improved aerodynamics and connected infotainment systems. Toyota faces challenges with its EV strategy and climate-related lobbying practices, as highlighted in an op-ed that calls for a better approach to electrification. Lucid Motors is expanding its US battery supply chain with American-sourced graphite, focusing on ramping up production of its Gravity SUV and Air sedans. Volkswagen plans to relocate Golf production to Mexico, transitioning to EV production in Germany. Bollinger Motors, supported by Mullen Automotive, aims to stabilize and advance production of its commercial trucks. SONDORS attempts a comeback with the new Meta AT electric motorbike amid past financial troubles.