EV Daily | Tesla Boosts Sales with Texas Incentives and Expands Energy Storage in Arizona

【Tesla】

Tesla is leveraging its "Tesla Electric" utility service in Texas to boost car sales through new incentives. Tesla Electric, launched in 2022, helps Powerwall owners buy and sell electricity, providing a buffer against peak prices. Currently available in Texas and the UK, Tesla plans expansion. The service offers two plans: a fixed-rate and a dynamic plan, with options for unlimited vehicle charging. Tesla aims to deliver over 515,000 vehicles in Q4 to achieve record annual deliveries, incentivizing sales with state-specific offers and lower loan interest rates.

Tesla is setting up a 200 MW Tesla Megapack 2XL lithium-ion battery energy storage system in Arizona to support growing energy needs. The system will store excess energy for use during peak demand and is expected to be operational in 2025. This project aims to save water compared to traditional energy generation.

【NIO】

NIO's new midsize electric SUV, the Onvo L60, competes directly with Tesla's Model Y in China. Starting at $21,200 for the battery rental model, the L60 offers a more affordable option compared to the Model Y. The Onvo L60 is gaining market traction with its competitive pricing and extended range options. NIO plans to expand into 25 overseas markets by the end of next year, aiming to make a significant impact on the global EV market with its Onvo brand, expected to grow in popularity due to its affordability and features.

【BYD】

Nissan is planning to accelerate its EV market presence in China with eight new energy vehicles, including the N7, set for release in 2025. Nissan aims to challenge major market players like BYD and Tesla, leveraging its brand appeal and strategic market positioning.

【Others】

Volkswagen Group Africa has started production of an electric farm tractor in Rwanda as part of its GenFarm Project, aiming to promote sustainable agriculture in Africa. The new tractor uses a 32 kWh swappable battery, providing an alternative to fossil fuels in rural areas.

Peterbilt's 579EV electric semi-truck is part of a pilot program at Honda's Alabama plant, aiming to gather data for broader electrification initiatives. The truck is equipped with a 400 kWh battery and offers 150 miles of range.

Stellantis has delayed the launch of its first electric pickup, the Ram 1500 REV, to 2025. Built on the new STLA Frame platform, the truck is expected to offer over 350 miles of range. Stellantis plans more EV launches, including the Dodge Charger Daytona and Jeep Wagoneer S.

SkyDrive, a Japanese eVTOL developer, is expanding in South Carolina, USA, with a Memorandum of Understanding for purchasing up to ten eVTOL aircraft to develop air taxi operations.

Xiaomi's EV revenue grew by 30.5% in the third quarter, and the company increased its delivery target for the SU7 series to 130,000 units for the year. Xiaomi plans further expansion of its EV factory to boost production.

VinFast has started US deliveries of its VF9 3-row electric SUV, priced from $69,800. The company is expanding its dealership network across the US, offering various trim levels with different features and range capabilities.

GMC's Sierra EV Denali, priced at $100K, offers a 460-mile range and features like Super Cruise. The luxury pickup, sharing a platform with the Chevy Silverado, aims to be a leader in towing capabilities and has been upgraded for 2025.

Jaguar has unveiled its new luxury EV lineup, rebranding with a focus on "Exuberant Modernism." The new lineup will feature high-end EVs with starting prices over $130,000, aiming to redefine luxury electric vehicles.

Nissan introduced the N7 electric sedan in China, aiming to redefine family sedans with advanced tech and a new platform. The company plans to export EVs from China to overseas markets starting in 2025, despite potential tariff challenges.

EVgo has expanded its partnership with Meijer to install up to 480 new fast chargers across the Midwestern US, supporting growing EV adoption. The initiative aims to make charging more accessible at grocery stores.