EV Daily | Tesla Challenges EU Tariffs Amid Model Y Refresh & BYD Leads China Auto Sales in 2024

【Tesla】

The Tesla Model Y Juniper refresh has been unveiled, offering design updates and new features, sparking varied opinions on the changes.

Tesla is contesting European Union tariffs on its Chinese electric vehicles, a move that includes a legal challenge and an appeal to reduce tariffs in Canada.

Tesla shareholders are raising questions about the company's progress on promises like full self-driving and the timeline for new, more affordable vehicle models. The Tesla Semi is still not in mass production, and the solar roof product has seen a significant decline from original projections.

Tesla is expected to discuss its financial results and growth plans, including potential announcements on new cheaper vehicles during the upcoming earnings call.

Tesla's Supercharger network is expanding with multiple brands now adopting the NACS port, which is compatible with Tesla's charging infrastructure.

【BYD】

BYD has achieved significant milestones, becoming China's top automaker in sales revenue despite a lower average selling price compared to luxury brands. BYD sold 3.49 million vehicles in China in 2024, generating substantial revenue and surpassing competitors like Mercedes-Benz and Volkswagen. The company continues to expand internationally, with notable successes in markets such as Japan and Singapore. BYD is also broadening its vehicle lineup to include various models such as pickup trucks and electric supercars, while also launching a new car carrier to facilitate global exports.

【Others】

BMW's transition to NACS charging port is progressing, with testing underway in the US, and the launch of its new EV platform, Neue Klasse, expected soon.

Hyundai and Kia anticipate increased sales in 2025 with the introduction of new electric SUVs like the IONIQ 9 and Kia's EV5 and EV3, which are expected to bolster global market presence.

HD Hyundai is unveiling its HW155H hydrogen fuel cell wheeled excavator, emphasizing zero-emission and quiet operations, with significant awards underlining its ESG commitments.

Rivian continues to forge ahead with its EV plans, undeterred by potential policy changes, as it prepares to launch its R2 SUV and expand its production capabilities with a new plant in Georgia.

Stardust Power has begun construction on a large lithium refinery in Oklahoma, aimed at enhancing the US's lithium production capacity to support the growing demand for EV battery materials.