AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
EV Daily | Tesla Expands Virtual Power Plant; BYD Launches e7 EV Sedan in China
Generated by AI AgentAinvest Market Brief
Tuesday, May 20, 2025 8:01 am ET2min read
【Tesla】
announced it has compensated Powerwall owners $9.9 million through its virtual power plant programs, which provide grid services by pulling power from home battery packs during peak times. The program, which started in Australia in 2019 and expanded to California, offers financial incentives to Powerwall owners.
Tesla's Virtual Power Plant (VPP) in California has expanded to cover most of the state, reaching over 100 MW capacity, and has also started building in Texas. Owners report earning hundreds annually through these programs.
A Tesla Cybertruck owner reported issues with service, including the unexpected wiping of the odometer, already sparking a lawsuit against Tesla for odometer discrepancies. The installation of a lightbar was also unsatisfactory.
【BYD】
The new BYD e7 EV sedan, launched in China, offers three trims starting at about $14,500 and uses BYD Blade batteries for ranges between 450 and 520 km. The e7 is sized similarly to the Tesla Model 3 but at a much lower price point, and it features a simple interior with advanced tech. The e7 is part of BYD's efforts to compete in the midsize EV market.
Toyota's bZ5 EV, utilizing BYD batteries, is priced from $18,000 in China, offering a driving range of up to 630 km.
【Others】
Rivian's upcoming R2 BEVs focus on reduced assembly costs and an environmentally friendly build. The CEO shared updates on the new Maximus drive unit and streamlined body harness design, enhancing simplicity and efficiency.
Genesis's GV90, their upcoming flagship EV, features luxurious design elements and advanced tech. It will possibly have coach doors and will be a tech beacon for the brand. Production might start in June 2026.
Hyundai's ELEXIO, a dedicated EV for China, is expected to boost Hyundai's market position. It is based on the E-GMP platform and claimed to deliver a 435-mile range.
Xiaomi's YU7 SUV will be unveiled soon, following the success of its SU7 sedan. The YU7 will feature dual motors and a ternary battery, with sales expected to bolster Xiaomi's EV market presence.
Nissan is facing significant financial challenges and may partner with Toyota for support. Nissan plans to launch new EV models by 2027, including the upgraded LEAF and Juke EV, while Toyota is expanding its bZ series.
Anker is offering discounts on its SOLIX F3800 Plus portable power station, a modular backup power solution with significant expansion capabilities.
Aventon offers discounts on its e-bike lineup for Memorial Day, with models offering various speeds and ranges.
NIU's KQi 200F Electric Scooter is discounted to a new low price, featuring long range and regen brakes.
Rivian R1S used as a backup power source during a power outage proved effective for essential appliances.
ENYRING and Swobbee partner to offer battery-swapping for e-bikes in Europe, enabling continuous riding without charging downtime.
CATL introduces a universal battery swap solution for heavy trucks, planning over 300 swap stations in China by 2025.
Volkswagen plans to launch an all-electric Golf GTI, maintaining its iconic design with enhanced features.
announced it has compensated Powerwall owners $9.9 million through its virtual power plant programs, which provide grid services by pulling power from home battery packs during peak times. The program, which started in Australia in 2019 and expanded to California, offers financial incentives to Powerwall owners.
Tesla's Virtual Power Plant (VPP) in California has expanded to cover most of the state, reaching over 100 MW capacity, and has also started building in Texas. Owners report earning hundreds annually through these programs.
A Tesla Cybertruck owner reported issues with service, including the unexpected wiping of the odometer, already sparking a lawsuit against Tesla for odometer discrepancies. The installation of a lightbar was also unsatisfactory.
【BYD】
The new BYD e7 EV sedan, launched in China, offers three trims starting at about $14,500 and uses BYD Blade batteries for ranges between 450 and 520 km. The e7 is sized similarly to the Tesla Model 3 but at a much lower price point, and it features a simple interior with advanced tech. The e7 is part of BYD's efforts to compete in the midsize EV market.
Toyota's bZ5 EV, utilizing BYD batteries, is priced from $18,000 in China, offering a driving range of up to 630 km.
【Others】
Rivian's upcoming R2 BEVs focus on reduced assembly costs and an environmentally friendly build. The CEO shared updates on the new Maximus drive unit and streamlined body harness design, enhancing simplicity and efficiency.
Genesis's GV90, their upcoming flagship EV, features luxurious design elements and advanced tech. It will possibly have coach doors and will be a tech beacon for the brand. Production might start in June 2026.
Hyundai's ELEXIO, a dedicated EV for China, is expected to boost Hyundai's market position. It is based on the E-GMP platform and claimed to deliver a 435-mile range.
Xiaomi's YU7 SUV will be unveiled soon, following the success of its SU7 sedan. The YU7 will feature dual motors and a ternary battery, with sales expected to bolster Xiaomi's EV market presence.
Nissan is facing significant financial challenges and may partner with Toyota for support. Nissan plans to launch new EV models by 2027, including the upgraded LEAF and Juke EV, while Toyota is expanding its bZ series.
Anker is offering discounts on its SOLIX F3800 Plus portable power station, a modular backup power solution with significant expansion capabilities.
Aventon offers discounts on its e-bike lineup for Memorial Day, with models offering various speeds and ranges.
NIU's KQi 200F Electric Scooter is discounted to a new low price, featuring long range and regen brakes.
Rivian R1S used as a backup power source during a power outage proved effective for essential appliances.
ENYRING and Swobbee partner to offer battery-swapping for e-bikes in Europe, enabling continuous riding without charging downtime.
CATL introduces a universal battery swap solution for heavy trucks, planning over 300 swap stations in China by 2025.
Volkswagen plans to launch an all-electric Golf GTI, maintaining its iconic design with enhanced features.
Ainvest Market Brief
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
Latest Articles
Morning Market Pulse: Trump Trade War Threats and Fed Uncertainty Weigh on Markets
Dec.23 2025
What to Trade Today: Gold and Copper Rally as Biotech and Metals Stocks Offer Volatile Short-Term Gaps
Dec.23 2025
U.S. Corporate Actions | Ticker Changes and Dividend Announcements Highlight Activity
Dec.23 2025
Morning Market Pulse: Trump Housing Overhaul & AI Surge Drive Pre-Market Moves
Dec.22 2025
Morning Market Pulse: Trump’s Federal Pay Raise & Japan’s Policy Shift Drive Pre-Market Moves
Dec.19 2025
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet