EV Daily | Tesla Faces Cybertruck Challenges; BYD Enters Japan's EV Market with New Mini Models

Generated by AI AgentAinvest Market Brief
Thursday, May 8, 2025 8:01 am ET1min read
TSLA--
【Tesla】

Tesla has faced criticism for not delivering the Autosteer feature promised to Cybertruck owners who purchased the vehicle without Full Self-Driving (FSD). Instead, TeslaTSLA-- offers a free one-year trial of FSD, hoping improvements will encourage users to keep the feature. Deliveries in China have declined due to competition and geopolitical issues, prompting Tesla to focus on its "Made in China" message and offer discounts. The automaker confirmed it will not produce the Cybertruck range extender, originally intended to improve range, and is refunding deposits. Meanwhile, the U.S. Patent and Trademark Office denied Tesla's attempt to trademark "Robotaxi" for its self-driving vehicles, deeming it too generic. Tesla has also adapted its charging port to comply with the NEVI program, which mandates open access to multiple brands. Despite challenges, Tesla's charging network remains vital for BEV owners, with adapters like Lectron's Vortex plug facilitating access to Tesla Superchargers for non-Tesla vehicles.

【BYD】

BYD, a prominent Chinese automaker, is expanding its reach by launching mini EVs in Japan, targeting the popular kei car market. The company aims to leverage its cost-efficient manufacturing and battery technology to compete with local brands. BYD's Seagull model has already seen significant sales in China, and the company plans to introduce the Dolphin and Atto 3 models in Japan, offering competitive pricing and features.

【Others】

Hyundai unveiled its ELEXIO SUV, designed for the Chinese market with a range of 435 miles. The model is part of Hyundai's strategy to compete with EV leaders like BYD. Similarly, affordable leasing options are available for various EVs, including those from Honda, Chevrolet, Ford, and Nissan, offering competitive rates due to federal EV incentives. Lucid is ramping up production of its Gravity SUV, with shipments to Saudi Arabia planned, supported by its expansion in international markets. Mitsubishi will launch a new EV in North America, based on Nissan's updated LEAF, to diversify its lineup. Rivian continues progress on its R2 model, set to be more affordable and expected to boost production next year. Arc is transitioning its tugboat fleet to electric power in the Port of Los Angeles, aligning with zero-emission goals.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet