EV Daily | Tesla's Aggressive Financing & Milestone; Kia's Affordable EVs; CATL's Battery Expansion

【Tesla】

Tesla is implementing aggressive financing strategies to boost sales at the end of the quarter. This includes incentives across its EV lineup and promotional financing rates as low as 2.49%. These efforts are aimed at reducing inventory and improving quarterly financial results. Despite these efforts, Tesla faces challenges in increasing deliveries this quarter and may experience its first delivery decline in a decade. The company also reached a milestone by producing its 100 millionth 4680 battery cell, which supports its Cybertruck and Model Y production.

【BYD】

CATL leads global EV battery sales, with BYD holding the second spot with 14.7%.

【Others】

Hyundai's updated 2025 IONIQ 5 introduces a new off-road XRT trim with enhanced features and increased range, set for US deliveries.

Dodge's 2024 Charger Daytona, an all-electric muscle car, is now available for order, boasting high-performance capabilities with options qualifying for a $7,500 EV tax credit.

Kia is launching a series of affordable EVs, including the EV3 and plans for an entry-level model priced at around $22,200. Future models like the EV4 and EV2 aim to further lower EV pricing while developing solid-state batteries.

Ram Trucks is preparing to deliver its all-electric Ram 1500 REV, competing with top range and towing capacities. Stellantis is investing in US EV production, including the Ram 1500 REV and future Jeep EVs.

CATL introduced its new Tianxing battery for buses, claiming high energy density and longevity, with plans for mass production. This move supports CATL's growth into commercial vehicle segments.