EV Daily | Tesla's European Sales Plummet Amid New Model Launch; BYD and GM Lead EV Market Growth
Generated by AI AgentAinvest Market Brief
Saturday, May 3, 2025 8:01 am ET1min read
TSLA--
【Tesla】
Tesla's sales in Sweden have drastically declined, with a significant year-over-year drop in deliveries, influenced by boycotts and political controversies. Despite the introduction of the new Model Y AWD, inventory of older models persists, indicating a demand collapse. The automaker sees potential relief with the upcoming Model Y RWD, but this model faces popularity challenges due to market preference for AWD options. If trends continue into Q3 2025, TeslaTSLA-- risks becoming a niche player in Europe rather than a market leader. Meanwhile, Tesla is making headlines with plans for self-driving ride-hailing services in Austin and new public charging networks.
【BYD】
BYD’s Seagull, priced under $10,000 in China, was the top-selling EV in April with over 55,000 units sold. It will launch in Europe as the "Dolphin Surf" with prices under £20,000. The company achieved record overseas sales and saw a greater share of total sales from fully electric vehicles compared to hybrids. BYD is expected to continue doubling its European sales in 2025.
【Others】
GM's 2025 Chevy Equinox EV is now cheaper to lease than its gas counterpart, starting at $289 per month, with a 319-mile range. The model has been GM’s best-selling EV, contributing to Chevy's rapid growth in the US EV market.
Rivian introduces a new leasing offer for its Gen 2 R1 EVs with $0 down, aiming to enhance its market presence with its flagship models. The offer includes a $7,500 EV credit, providing significant savings for new customers.
Volkswagen recalls nearly 5,700 ID. Buzz vans due to seatbelt issues with its spacious third-row seats. The company will fix the issue by adjusting seat width.
Zenobē partners with 7Gen to expand electric truck leasing in Canada, providing $48 million in financing to support over 500 commercial EVs and associated infrastructure.
Hyundai's IONIQ 9, a three-row electric SUV, offers up to 335 miles of range and fast charging and will soon be available in the US market. Prices start at $60,555.
Honda showcases its hydrogen fuel cell technology that offers over 500 miles of range for its semi trucks. The company envisions broader applications for its hydrogen systems beyond vehicles.
The world's largest electric ship, China Zorrilla, launched in Tasmania, boasts over 250 tons of batteries and will serve routes between Buenos Aires and Uruguay.
Windrose reveals its R700 electric semi with a 700 kWh battery providing a 400-mile range. The company aims to expand production in the US and Belgium.
Ford hints at a return of the Fiesta as an EV, potentially utilizing Volkswagen's platform, following the end of its production in 2023.
Aptera Motors proceeds with its solar EV developments and crowdfunding initiatives, generating significant investor interest with its latest model, "Artemis."
Tesla's sales in Sweden have drastically declined, with a significant year-over-year drop in deliveries, influenced by boycotts and political controversies. Despite the introduction of the new Model Y AWD, inventory of older models persists, indicating a demand collapse. The automaker sees potential relief with the upcoming Model Y RWD, but this model faces popularity challenges due to market preference for AWD options. If trends continue into Q3 2025, TeslaTSLA-- risks becoming a niche player in Europe rather than a market leader. Meanwhile, Tesla is making headlines with plans for self-driving ride-hailing services in Austin and new public charging networks.
【BYD】
BYD’s Seagull, priced under $10,000 in China, was the top-selling EV in April with over 55,000 units sold. It will launch in Europe as the "Dolphin Surf" with prices under £20,000. The company achieved record overseas sales and saw a greater share of total sales from fully electric vehicles compared to hybrids. BYD is expected to continue doubling its European sales in 2025.
【Others】
GM's 2025 Chevy Equinox EV is now cheaper to lease than its gas counterpart, starting at $289 per month, with a 319-mile range. The model has been GM’s best-selling EV, contributing to Chevy's rapid growth in the US EV market.
Rivian introduces a new leasing offer for its Gen 2 R1 EVs with $0 down, aiming to enhance its market presence with its flagship models. The offer includes a $7,500 EV credit, providing significant savings for new customers.
Volkswagen recalls nearly 5,700 ID. Buzz vans due to seatbelt issues with its spacious third-row seats. The company will fix the issue by adjusting seat width.
Zenobē partners with 7Gen to expand electric truck leasing in Canada, providing $48 million in financing to support over 500 commercial EVs and associated infrastructure.
Hyundai's IONIQ 9, a three-row electric SUV, offers up to 335 miles of range and fast charging and will soon be available in the US market. Prices start at $60,555.
Honda showcases its hydrogen fuel cell technology that offers over 500 miles of range for its semi trucks. The company envisions broader applications for its hydrogen systems beyond vehicles.
The world's largest electric ship, China Zorrilla, launched in Tasmania, boasts over 250 tons of batteries and will serve routes between Buenos Aires and Uruguay.
Windrose reveals its R700 electric semi with a 700 kWh battery providing a 400-mile range. The company aims to expand production in the US and Belgium.
Ford hints at a return of the Fiesta as an EV, potentially utilizing Volkswagen's platform, following the end of its production in 2023.
Aptera Motors proceeds with its solar EV developments and crowdfunding initiatives, generating significant investor interest with its latest model, "Artemis."
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