EV Daily | Xiaomi's YU7 and Kia EV4 GT Challenge Tesla with Price and Range Advantages

【Tesla】

Xiaomi's YU7 is positioned as a competitor to Tesla's Model Y, offering larger dimensions and greater range at a lower price. Xiaomi secured 200,000 orders within minutes, highlighting strong interest in the market. The YU7 features a quiet cabin and efficient cooling systems, challenging Tesla's dominance by offering favorable comparisons in price and range. Tesla faces pressure in China from Xiaomi's aggressive entry.

Tesla's head of operations for North America and Europe was fired amid declining sales, particularly in Europe where demand issues persist. Tesla has launched only one new vehicle in five years, the Cybertruck, and is struggling to maintain market share despite offering record incentives.

Kia is targeting Tesla's Model 3 Performance with its EV4 GT, expected to undercut Tesla's price while offering similar acceleration and range. Kia's EV4 will feature a NACS port for Tesla Supercharger access and is anticipated to be an affordable electric sports car.



【BYD】

BYD's Dolphin Surf, priced under $8,000, launched in Europe after surpassing Tesla in registrations. BYD is refuting rumors of slowing production, maintaining that sales are growing. Despite high inventory levels, BYD's market share in China is increasing. BYD's NEV sales are up 39% globally, and the company anticipates strong overseas growth amid China's competitive EV landscape.



【Others】

Xiaomi's YU7 is a notable Tesla competitor, offering larger dimensions, a quieter cabin, and a more affordable price. With 200,000 orders received in minutes, it's a significant player in China's mid-size SUV market.

Volvo is preparing to launch the EX60, an electric SUV riding on an advanced SPA3 platform, promising adaptability and continuous improvement. This vehicle signals Volvo's commitment to innovation with new safety features and tech integration.

Lucid plans to introduce three new midsize EVs priced around $50,000, leveraging advanced tech to lower costs and improve efficiency. These models aim to compete directly with Tesla's offerings, with Lucid's Gravity SUV receiving positive market feedback.

Bosch released enhancements to its eBike drive systems, offering more power and customization options across multiple product lines. The updates emphasize Bosch's strategy to build a comprehensive ecosystem for eBiking, catering to various use-case scenarios with improved efficiency.

DEVELON unveiled electric wheeled and crawler excavators, designed for emission-sensitive areas, offering performance comparable to diesel models. This move aligns with construction industry trends towards eco-friendly solutions.

Stark Future's Varg EX, an electric enduro motorcycle, impresses with performance and accessibility, appealing to both beginners and professionals. The bike offers adjustable power modes but lacks range for long commutes, focusing on competitive racing potential.

APM Terminals Pier 400 expanded its electric tractor fleet, emphasizing workforce training and decarbonization efforts at the Port of Los Angeles. This initiative aims to advance skills and support cleaner air through electrification.

Electric bikes continue to improve in affordability and performance. The Lectric XP4 stands out as a budget-friendly folding e-bike, offering impressive specs and versatility at a low price. Other models like the Buzz Centris and Huffy eThunder Road provide reliable choices for different needs and budgets.