EV Daily | BYD's Qin L EV Challenges Tesla's Model 3 in China with Affordable Pricing and Smart Features

【Tesla】

Elon Musk is considering having Tesla invest in his private company, xAI, which recently absorbed Twitter (X). Some Tesla investors are suing Musk over a breach of fiduciary duty, claiming he jeopardized their interests by founding xAI while still leading Tesla. Musk has promised Tesla shareholders that the Twitter acquisition would benefit Tesla despite the lack of returns. He is looking for shareholder approval for a potential deal between Tesla and xAI, valued at $125 billion by Musk. Integration of xAI’s Grok AI model into Tesla products is also being discussed, with Musk pushing for investments to maintain competitiveness.

【BYD】

BYD's new Qin L EV sedan is priced from 119,800 yuan ($16,500) and features two battery options for ranges of 470 km and 545 km. Equipped with smart driving tech and a modern interior, the Qin L EV is positioned as a cost-effective alternative to the Tesla Model 3 in China. BYD is also expanding its EV production to global markets, including new plants in Brazil, Mexico, and Turkey, as part of a larger overseas push to double new energy vehicle sales by 2025.

【Others】

Nissan is testing the next-gen LEAF with a new crossover design and Tesla Supercharger compatibility, set to officially debut in the US and Canada with a WLTP range up to 373 miles.

BYD's Qin L EV presents a competitive offer to Tesla's Model 3 in China with affordability and features, contributing to BYD's strong sales growth.

Toyota plans to launch 10 new EVs by 2027, including models for the US, Europe, and China, to keep up with companies like BYD.

Heron Power, a startup by Tesla's former executive Drew Baglino, is developing solid-state transformers for renewable energy applications.

The Port of Barcelona launched the Ecocat Tres, an all-electric ferry, promoting sustainable transport across the city.

GM unveils a Chevrolet Corvette EV concept, showcasing a futuristic design with aviation-inspired aerodynamics and advanced battery tech, though it remains a design study without production plans.

Volvo introduces "trucks as a service" with its VNR Electric semi for flexible EV truck adoption in the US, lowering entry barriers for fleet electrification.