icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

EV Daily | Tesla, BYD, and JiYue Lead Global EV Push Amid Incentives and New Launches

Market BriefSaturday, Nov 16, 2024 7:00 am ET
1min read
【Tesla】

Tesla is offering incentives such as three months of free Supercharging and Full Self-Driving (Supervised) to boost vehicle sales by year-end. This move is part of an effort to achieve a delivery target of at least 515,000 vehicles in Q4. The company is also providing discounts on new inventory vehicles and 0% APR loans. In Europe, Tesla has increased discounts on inventory vehicles. Despite these efforts, the potential removal of the federal tax credit could impact sales.

【BYD】

BYD is expanding its market reach globally, challenging foreign automakers like Nissan in China. The company is leveraging its origins as a battery maker and governmental subsidies in China to enhance EV sales. BYD is also closing in on Ford in global deliveries, potentially surpassing the American automaker by the end of 2024.

【Others】

JiYue, a Chinese EV brand backed by Baidu and Geely, unveiled its ROBO X supercar, featuring AI smart-driving technology and high-speed performance. The vehicle integrates Baidu's Apollo self-driving tech and offers impressive specs like 0-100 km/h in under 1.9 seconds. Pre-orders are open, but mass production is expected to start in 2027. Honda Prologue, based on GM's Ultium platform, is gaining traction in the US market, offering significant lease discounts and contributing to a surge in US EV sales. Kia is preparing to launch its EV4 sedan as part of its affordable EV lineup strategy. Spotted testing in the US, the EV4 is expected to debut soon and aims to be a low-cost option in the market. Nissan unveiled the N7 EV sedan in China, a strategic move to rejuvenate its brand in the competitive Chinese market. The N7 aims to offer advanced driving assistance features and superior comfort. Lucid Motors claims resilience against potential federal tax credit cuts, continuing to push its luxury EVs, despite its stock hitting record lows. Lucid is expanding its lineup with the Gravity SUV and an upcoming midsize SUV, maintaining its technological edge. Lexus introduced a more affordable trim for its RZ electric SUV, reducing the entry price significantly while maintaining a competitive driving range. This adjustment aims to boost the model's appeal in the market.
Comments

Add a public comment...
Post
User avatar and name identifying the post author
DrixGod
11/16
$BIDU has a 40% stake in this JV. Check out the video for more details: https://youtu.be/P7v9XrrHMzI?si=M8QQLjWPb3srQ3Bc
0
Reply
User avatar and name identifying the post author
11/16
Lexus reduces the entry price of the RZ electric SUV and suddenly it's competitive? We've seen this before. How long until they start sacrificing quality for the bottom line?
0
Reply
User avatar and name identifying the post author
battle_rae
11/16
Not sure what's more concerning, Lucid's stock hitting record lows or their confidence in resisting federal tax credit cuts. Someone please enlighten me on their strategy...
0
Reply
User avatar and name identifying the post author
coinfanking
11/16
Kia's EV4 sedan is exactly what the market needs - affordable and viable. No more compromise on range or performance, please! Bring it on, Kia!
0
Reply
User avatar and name identifying the post author
Ironman650
11/16
The ROBO X supercar is a game-changer! Can we please get more AI integration in our daily Teslas? Baidu's Apollo tech is the future, and I'm here for it!
0
Reply
User avatar and name identifying the post author
notbutterface
11/16
BYD closing in on Ford? Yes, please! Time to give those Chinese EV giants the recognition they deserve. Subpar automakers, take note: innovation has arrived!
0
Reply
User avatar and name identifying the post author
THEPR0P0TAT0
11/16
Incentives or desperation? Three months of free Supercharging won't cut it if the federal tax credit disappears. Let's see how Q4 numbers actually pan out before getting excited...
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App