EV Daily | Tesla, BYD, NIO, Hyundai, and More Drive EV Innovations Amid Challenges and Milestones

【Tesla】

Tesla recently released an AI product roadmap for self-driving, achieving some milestones like the rollout of Supervised FSD for the Cybertruck. However, the promise of a significant improvement in miles between necessary interventions remains unfulfilled, with data showing only a 50% improvement rather than the claimed "3x". Concerns persist about Tesla's progress towards true unsupervised self-driving capabilities. Despite some advancements, Tesla still requires substantial improvement in its self-driving metrics.

【BYD】

BYD is recalling nearly 100,000 Dolphin and Yuan Plus models due to a faulty steering control unit that poses a fire risk. The company is addressing the issue with free installations for affected vehicles. Despite the recall, BYD achieved record sales in August and surpassed the 1 million EV sales milestone for 2024. The Dolphin and Yuan Plus models continue to expand into global markets.

【NIO】

NIO has received a $470 million cash investment to boost its growth and support its new low-cost Onvo brand. The funding will be used to expand into new markets and drive sales, particularly for the new L60 electric SUV. Since its launch, NIO's stock has seen a rise, and the company aims for a brand revival with increased delivery targets.

【Others】

Hyundai has reached its 100 million vehicle milestone with the production of the IONIQ 5, significantly faster than other major automakers. The company is expanding its EV offerings with new models like the IONIQ 6 and the upcoming IONIQ 9. Hyundai is also rolling out the Casper Electric SUV in global markets, aiming to maintain its growth in the EV sector. Mazda's new EZ-6 EV is on sale with a starting price under $25,000, set to compete in the affordable EV segment. CATL experienced a fire at one of its battery plants, but the impact on production is expected to be minimal. The company is a major supplier in the EV industry, including for Tesla's Gigafactory Shanghai. Bosch is enhancing its e-bike offerings with new motor systems and larger battery options, aimed at improving performance and range for electric mountain bikes. Ford is launching a "Power Promise" initiative, offering free home chargers and installation for new EV buyers to address common concerns and promote easier adoption of electric vehicles.