EV Daily | Tesla Launches New Model Y in North America and Europe with $12,000 Price Increase

【Tesla】

Tesla has launched the new Model Y in North America and Europe, following its debut in China. Orders are open for both the old and new versions, a unique move for Tesla. The new Model Y Long Range AWD, priced at $59,999 USD, is $12,000 more than its predecessor. The refreshed model offers a 320-mile EPA range and new color options. Deliveries in North America are expected in March. Tesla's strategy aims to balance demand by continuing to offer the older model alongside the new version.

【Others】

Rivian is planning to introduce a new Advanced Driver Assistance System (ADAS) for hands-free driving in 2025 and an eyes-free system in 2026. The Gen 2 R1S and R1T models feature significant hardware and software upgrades. Rivian's R2 model will feature the new autonomy platform for hands-free and attention-free highway driving by 2026.
Kia owners have faced delays in accessing Tesla Superchargers, with a workaround being closed. However, improvements in the North American EV charging infrastructure are expected to enhance the EV6's charging performance. Kia's 2025 EV6 will include a native NACS port, similar to Hyundai's Ioniq 5.
In the UAE, a collaboration between Masdar and other partners is set to create the world's largest solar and battery storage project, featuring a 5.2 GW solar PV plant and a 19 GWh battery storage system. The project aims to provide clean energy 24/7 and create 10,000 jobs.
Jaguar Land Rover's InMotion Ventures invested $2 million in Cyclic Materials, a company specializing in recycling rare earth magnets. This investment supports sustainable supply chain efforts for rare earth elements critical to the automotive industry.
Nissan plans to buy 20 GWh of batteries from SK On to power its upcoming EVs, with production in the US delayed until 2028 due to profitability concerns. The automaker aims to establish a domestic supply chain for EVs in the US.
Cadillac's first V-Series EV, the Lyriq-V, boasts 615 hp, making it the fastest Cadillac to date, with a price under $80,000. It features dual motor AWD, a 102 kWh battery for 285 miles range, and will be produced at GM's Tennessee plant starting in 2025.
Hyundai and GM are nearing a deal to re-badge EV models for the North American market. The partnership could involve Hyundai's ST1 electric business van platform and aims to expand Hyundai's presence in the commercial vehicle sector.
Formula E will introduce a mid-race charging system, dubbed "Pit Boost," at the Jeddah E-Prix. This 34-second pit stop will provide a 10% additional charge, showcasing high-power charging technology that could benefit road EVs.