EV Daily | Tesla Model Y Refresh in 2025; Hyundai IONIQ 5 Updates; Kia EV3 Boosts Production

【Tesla】

Tesla's Model Y refresh has been a topic of speculation, with sightings of camouflaged vehicles in China and reports suggesting a production start in 2025. Despite rumors, Tesla and CEO Elon Musk stated no refresh is planned for 2024. The refreshed Model Y is expected to feature design updates similar to the new Model 3, including a new ambient lightbar and a red light bar between the taillights. A new 7-seat version is expected in China. Tesla's energy storage business is expanding, with Megapack production reaching full capacity at the Lathrop Megafactory, while its solar business is being phased out. The Shanghai Megafactory is on track to begin Megapack shipments in Q1 2025.

【Others】

Hyundai's IONIQ 5 is updated with a sleek design and more range, featuring an NACS port for Tesla's Supercharger network. The 2025 IONIQ 5 XRT offers rugged design features and is expected to have a range of 250-280 miles. The Casper Electric, Hyundai's most affordable EV, was spotted in the US, suggesting a potential launch. The limited-edition Hyundai Kona EV Mauna Loa is available only in Japan with exclusive features. Waymo has secured $5.6 billion in funding to expand its Waymo-One robotaxi service in the US, backed by Alphabet Inc. Kia plans to ramp up production of the low-cost EV3 model, which boosted Q3 sales. The EV3 offers a driving range of up to 375 miles and will debut in North America in early 2025.