EV Daily | Tesla Tests Cheaper Model 3, BYD to Build EV Plant in Pakistan, Rivian Pauses Van Production

【Tesla】

Tesla is testing a cheaper Model 3 interior in Mexico, removing features like a heated steering wheel and seats. This version sells for about $35,000, $4,000 cheaper than the current Model 3 RWD in the US. Additional features like customizable ambient lighting and acoustic glass are also scaled back. These changes could expand Tesla's market reach. Tesla Cybertruck has new aftermarket modification packages in collaboration with Archimedes Defense and Unplugged Performance, turning it into an "up-armored" vehicle for military and civilian use. The STING series includes a genset range extender and various levels of armor protection. Tesla reportedly plans to introduce cheaper vehicle models based on the Model 3 and Model Y, despite dropping its $25,000 vehicle programs. Tesla escapes recall in NHTSA suspension investigation but is recommended to change a part. Tesla also dominates the charging experience, a new study says.

【BYD】

BYD is planning to build a new EV plant in Pakistan, targeting the growing EV market there. BYD also continues to expand globally, with recent and upcoming plants in Thailand, Hungary, Brazil, and Turkey. The new Pakistan plant will be located in Karachi and is expected to be completed in the first half of 2026. BYD is launching new vehicles in global markets like Thailand, Singapore, Brazil, and Mexico. The company expects to regain the title of the largest global EV maker by the end of 2024.

【Others】

Rivian has paused Electric Delivery Van production at its Normal, IL plant due to a parts shortage, affecting Amazon's fleet of over 13,500 Rivian EDVs. The shortage will not impact the production of R1S and R1T models. Rivian plans to ramp up production following plant upgrades and expects to build 57,000 vehicles this year. Volkswagen unveiled the ID GTI Concept, signaling the continuation of the GTI badge into the electric era. The ID GTI will be based on the ID.2all platform and aims to deliver a "go-kart" driving experience. The production of this sporty EV is expected to begin in 2026. Natron Energy will build the first sodium-ion battery gigafactory in the US, located in North Carolina. The facility aims to produce 24 gigawatts annually and supports over 1,000 jobs. Natron's sodium-ion batteries offer advantages like higher power density, more cycles, and a domestic US supply chain. Hyundai will launch the 2025 IONIQ 6 with a $7,500 Retail Bonus Cash offer, applicable on purchases rather than leases. The 2025 model starts at $37,750 for the SE Standard Range RWD and goes up to $54,500 for the Limited Dual Motor AWD. Hyundai is also offering low-interest financing options. Various e-bike brands, including Rad Power and Hiboy, are offering discounts and promotions. Rad Power's RadRover 6 Plus High-Step e-bike is now $999, and Hiboy's new EX7 Full Suspension All-Terrain e-bike is $1,399. Other brands like Anker and MOD Bikes also have significant discounts and new product launches. Natron Energy's sodium-ion batteries are gaining attention as a potential alternative to lithium-ion batteries for EVs, mainly due to their cost-effectiveness and abundance of raw materials. However, they still lag behind in energy density compared to lithium-ion batteries.