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EV Daily | BYD Surpasses Hybrid Sales with Record EV Growth in April, Eyes European Expansion

Market BriefFriday, May 2, 2025 8:01 am ET
1min read
【Tesla】

Tesla's latest disclosure reveals multiple transactions with Elon Musk's affiliated companies like SpaceX, X, xAI, and others. tesla incurs expenses through various agreements, notably with SpaceX for aircraft use, and xAI purchasing Megapack products. These financial dealings are reported regularly due to Musk's intertwined businesses. Tesla's brand perception faces challenges, with surveys indicating a net negative view due to concerns over Musk's decisions and leadership. Despite high brand awareness, Tesla's image suffers from negative associations across demographics. Tesla's European sales decline, despite new Model Y availability, indicating competition and consumer dissatisfaction with its CEO. The board denies plans to replace Musk amidst sales struggles and protests.

【BYD】

BYD achieves record sales, outselling hybrids with electric vehicles. April 2025 sees 380,089 NEVs sold, with electric vehicle sales increasing by 45% year-over-year. Overseas sales continue to grow, with plans to expand in European markets. BYD's global expansion includes diverse vehicle segments beyond low-cost EVs, enhancing its market presence with luxury and sports models.

【Others】

Zero Motorcycles plans price increases due to tariffs but offers pre-tariff prices temporarily. Zero's affordable motorcycle push may be affected by US tariff policy, impacting costs. The company remains committed to providing accessible electric motorcycles.

Jeep's new Compass leaks online, showing electric and hybrid variants based on the STLA Medium platform. The Compass EV boasts impressive design and range, aligning with Jeep's strategy for diverse powertrain offerings and global expansion.

ZEEKR showcases its growing lineup of EVs in China, offering test drives and displaying advanced technology. The ZEEKR 007 GT impresses with its performance and design, highlighting ZEEKR's competitive stance in the EV market.

Velotric's Mother's Day Sale provides significant discounts on e-bikes and accessories, promoting affordable electric transportation. Various models offer competitive features and discounts.

Waymo's research highlights safety benefits of its autonomous vehicles, showcasing reduced crashes and pedestrian injuries. Waymo emphasizes safety in its robotaxis, contrasting with the rising pedestrian fatality rates in the US.

Hyundai unveils the ELEXIO electric SUV for the Chinese market, marking a new strategic direction emphasizing electrification. The ELEXIO features local technology and design to appeal to Chinese consumers.

Rivian launches an ad campaign focusing on customer stories, a strategy differing from other EV startups. The campaign is notable for its emphasis on highlighting real owner experiences.

Aurora Innovations commences commercial driverless truck services in Texas, pioneering autonomous freight operations. With aims to alleviate industry challenges, Aurora's technology seeks expansion while addressing the industry's workforce concerns.
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