EV Daily | Tesla Cybertruck Fires in Hydrant Crashes; BYD Doubles Q2 Profit; Polestar Debuts New SUVs

【Tesla】

A Tesla Cybertruck caught on fire after hitting a fire hydrant in a bizarre crash—a notable incident among the few Cybertruck fires.

Two separate Tesla Cybertruck crashes have resulted in fires, both in bizarre circumstances involving a fire hydrant.

Both electric SUVs are expected to compete with models like the new Porsche Macan EV, Tesla Model Y, and BMW iX3.

Tesla Cybertruck incidents include crashes causing fires, notably involving fire hydrants.

The Tesla Model Y leasing deal has been compared to the VinFast VF 9 lease, with the latter deemed a better deal despite higher MSRP.

Electric pickups, including the Tesla Cybertruck, were recently seen near Hyundai’s facility in Korea.

【BYD】

BYD has shown remarkable financial performance, doubling its profit in Q2 2024 compared to Q1, thanks to record vehicle sales despite aggressive pricing strategies.

BYD achieved a significant profit increase in Q2 2024, with vehicle sales reaching 986,720 units, up 57% from Q1. However, gross margins fell due to China’s EV price war.

BYD reported H1 2024 revenue of RMB 301.1 billion, with a net income rise of 24%, driven by higher vehicle sales.

BYD’s global expansion includes opening a plant in Thailand and planning new facilities in several countries despite challenges like Canada’s tariff on Chinese EVs.

BYD’s record NEV sales have placed it as the seventh-largest automaker globally, surpassing Nissan and Honda.

BYD’s affordable EVs, like the Seagull, Dolphin, and Atto 3, are driving its market share growth, with plans to expand overseas and invest in smart driving tech.

The new 2025 BYD Seal EV features LiDAR and is priced competitively against the Tesla Model 3 in China.

【Others】

Polestar has a new CEO, Michael Lohscheller, as it launches two new electric SUVs, Polestar 3 and Polestar 4, aiming to cement its position in the premium EV market.

The Toyota bZ4X EV is now available with significant discounts, making it one of the most affordable EVs, with lease deals and financing offers across various regions.

SANY's SY215E electric excavator, featuring a 422 kWh battery and quick-charge capability, is now being marketed outside China, starting with the Netherlands.

The all-new 2024 VinFast VF 9 electric SUV lease deal offers up to $14,550 in savings, including various incentives and 0% financing for 24 months.

Honda’s Prologue EV, based on GM’s Ultium platform, is now cheaper to lease than a Civic, with significant Labor Day discounts providing up to $14,250 in savings.

Mercedes-Benz’s Electric G-Class G580 Edition One is now available in the UK, priced at over $230,000, offering a 292-mile range and competing with upcoming luxury EVs.

Hyundai confirmed its three-row IONIQ 9 SUV and plans to introduce EREVs with over 550 miles of range, focusing on expanding its EV lineup and hybrid models in the US and globally.