EV Daily | Tesla Launches Model YL in China; BYD Eyes Luxury EVs; Kia's EV5 Gains Traction

【Tesla】

Tesla has introduced the Model YL, a larger, 6-seater version of the Model Y, in China, priced at ¥339,000 ($47,000 USD). It features up to 2,539 liters of storage and electric armrests in the second row. This segment is gaining popularity in China, but it is relatively expensive compared to options like the Onvo L90. Tesla's Robotaxi service, criticized for having safety drivers and being invite-only, has expanded in California, but remains limited in its autonomy.

【BYD】

BYD continues to lead in the competitive EV market and is considering offering electric versions of its luxury models like the Yangwang U8.

【Others】

Kia's EV5, slightly smaller than Tesla's Model Y, is successful in China and aims to launch in Europe and North America by 2026. The EV5 GT variant features a dual-motor AWD setup with over 600 horsepower. The global EV charging infrastructure is set to expand, with public and residential setups growing significantly by 2040. Archer Aviation has made strides in eVTOL technology with its Midnight aircraft achieving its longest flight to date. Volkswagen's new T-Roc, resembling a Porsche, will debut with a hybrid powertrain, expanding to multiple markets. XCMG has launched a 70-ton reach stacker aimed at supporting large-scale energy storage projects. Electric vehicle lease deals are available across multiple brands, including Honda, Volkswagen, and Hyundai, offering competitive rates and incentives. Livian Auto, part of Geely, introduces the Smurf EV, a playful small vehicle priced around $5,000 in China. Windrose Technology faces financial issues, with internal disputes highlighted by a former employee on social media. Priority Bicycles has launched the Skyline Smart-Shift e-bike, a high-performance commuter bike with advanced features like a Smart.Shift gearbox and a belt-drive system.