EV Daily | Tesla's Q1 Deliveries Lag as BYD Gains Ground; New Tariffs Impact EV Costs

【Tesla】

Tesla's delivery numbers for Q1 2025 fell short of expectations at 336,000 units, leading to stock price target adjustments from several analysts. Despite the disappointing vehicle delivery results, Tesla reported a record deployment of 10 GWh of energy storage systems. However, new tariffs on Chinese battery cells threaten to increase the costs of Tesla's Powerwall and Megapack products significantly. The company is also facing challenges with the Cybertruck, having issued a recall due to a cantrail issue, which disappointed owners with the quality of the fix.

【BYD】

BYD is predicted to overtake Tesla in global BEV market share in 2025, backed by its proprietary technology and rapid expansion into various global markets. The company has already marked significant sales milestones in early 2025, further closing the gap with Tesla. BYD's advancements in fast-charging and battery technology are contributing to its growing influence in the BEV sector.

【Others】

Hyundai's 2025 IONIQ 5 Limited now features a Tesla NACS port and an upgraded battery, enhancing its range to 318 miles. The model is part of Hyundai's strategy to offer competitive charging options.

Mazda has launched its 6e EV for overseas markets with plans to expand into Europe and Southeast Asia. The Mazda 6e offers a range of battery options with significant driving ranges.

Stellantis has halted production at Canadian and Mexican plants due to new tariffs, affecting thousands of jobs and the production of EV models. The tariff-driven production pause highlights the negative economic impacts of recent US trade policies.

Kia unveiled two electric van concepts, the Spielraum Studio and Glow cabin models, designed for camping and mobile workspaces. The vans feature AI-powered home appliances and are expected to launch in 2026.

Several hydrogen fuel cell projects have been canceled, indicating a shift in focus towards electric vehicle infrastructure over hydrogen solutions. This trend is evident in both the US and European markets, where executives and economists advocate for prioritizing EV investments.