EV Daily | Tesla Faces Cybertruck Challenges; Rivian Expands with New Georgia Plant; BYD Enters Korea
Generated by AI AgentAinvest Market Brief
Friday, Jan 17, 2025 7:01 am ET2min read
TSLA--
【Tesla】
Tesla is developing a new cleaning solution for cameras on the Cybertruck to improve the performance of its advanced driver-assist systems, which are often hindered by obstructed cameras due to dirt or snow. Tesla previously applied for a patent involving laser beams for cleaning debris. The company acknowledges the need for additional hardware for unsupervised self-driving, anticipated around 2025.
Tesla is reducing Cybertruck production as inventory builds up and is reallocating workers to Model Y production. Despite selling 40,000 Cybertrucks in its first production year, demand has not met Tesla's expectations. Tesla has also been offering discounts and incentives to move the Cybertruck inventory.
A boycott of Tesla is growing in Germany due to Elon Musk’s political involvement and support for a far-right party. Companies like Rossmann and LichtBlick have stopped using Tesla vehicles due to these political stances, causing a dip in Tesla's sales in Germany.
【BYD】
BYD launched its Atto 3, an electric SUV, in South Korea, marking its first entry into this market. Priced competitively, the vehicle has seen success in other markets, and BYD aims to expand its presence further. Despite facing less government support than local competitors, BYD remains a top player in the EV market, having surpassed Tesla in global sales last year.
【Others】
Hyundai has released its 2025 Ioniq 5, featuring a NACS port for charging compatibility with Tesla Superchargers. The Ioniq 5 has demonstrated impressive charging speeds, often outpacing Tesla's Model 3 in certain metrics. Hyundai also offers a free home charger or a $400 charging credit for new Ioniq 5 buyers.
Genesis launched the updated Electrified GV70 in Korea, featuring improved battery capacity for increased range, luxury enhancements, and new design elements. The model starts at approximately $51,700 in Korea, with the US version priced at $66,950.
Nissan is set to produce the updated LEAF at its Sunderland, UK plant, supported by a new supply deal with JATCO for EV powertrains. This aligns with Nissan's broader investment in its UK facilities to strengthen its EV lineup.
Rivian has secured $6.6 billion in funding for a new EV plant in Georgia, expected to produce its midsize R2 and R3 models. The plant aims to create thousands of new jobs and significantly boost Rivian's production capacity by 2028.
Polestar is gearing up for the launch of the Polestar 5 in 2025 and is planning a new compact SUV, the Polestar 7, as its entry-level model. The company anticipates strong growth and profitability in the coming years.
ChargePoint introduced new anti-theft solutions for EV charging stations, including a cut-resistant cable and an alarm system to enhance security and deter vandalism. These innovations aim to address common frustrations among EV drivers.
LiveWire, Harley-Davidson's electric motorcycle brand, launched the S2 Alpinista, built on the versatile Arrow platform. Priced at $15,999, it offers a range of 120 miles and features such as cornering-enhanced braking and traction control. The S2 Alpinista underscores LiveWire's focus on expanding its product lineup.
Tesla is developing a new cleaning solution for cameras on the Cybertruck to improve the performance of its advanced driver-assist systems, which are often hindered by obstructed cameras due to dirt or snow. Tesla previously applied for a patent involving laser beams for cleaning debris. The company acknowledges the need for additional hardware for unsupervised self-driving, anticipated around 2025.
Tesla is reducing Cybertruck production as inventory builds up and is reallocating workers to Model Y production. Despite selling 40,000 Cybertrucks in its first production year, demand has not met Tesla's expectations. Tesla has also been offering discounts and incentives to move the Cybertruck inventory.
A boycott of Tesla is growing in Germany due to Elon Musk’s political involvement and support for a far-right party. Companies like Rossmann and LichtBlick have stopped using Tesla vehicles due to these political stances, causing a dip in Tesla's sales in Germany.
【BYD】
BYD launched its Atto 3, an electric SUV, in South Korea, marking its first entry into this market. Priced competitively, the vehicle has seen success in other markets, and BYD aims to expand its presence further. Despite facing less government support than local competitors, BYD remains a top player in the EV market, having surpassed Tesla in global sales last year.
【Others】
Hyundai has released its 2025 Ioniq 5, featuring a NACS port for charging compatibility with Tesla Superchargers. The Ioniq 5 has demonstrated impressive charging speeds, often outpacing Tesla's Model 3 in certain metrics. Hyundai also offers a free home charger or a $400 charging credit for new Ioniq 5 buyers.
Genesis launched the updated Electrified GV70 in Korea, featuring improved battery capacity for increased range, luxury enhancements, and new design elements. The model starts at approximately $51,700 in Korea, with the US version priced at $66,950.
Nissan is set to produce the updated LEAF at its Sunderland, UK plant, supported by a new supply deal with JATCO for EV powertrains. This aligns with Nissan's broader investment in its UK facilities to strengthen its EV lineup.
Rivian has secured $6.6 billion in funding for a new EV plant in Georgia, expected to produce its midsize R2 and R3 models. The plant aims to create thousands of new jobs and significantly boost Rivian's production capacity by 2028.
Polestar is gearing up for the launch of the Polestar 5 in 2025 and is planning a new compact SUV, the Polestar 7, as its entry-level model. The company anticipates strong growth and profitability in the coming years.
ChargePoint introduced new anti-theft solutions for EV charging stations, including a cut-resistant cable and an alarm system to enhance security and deter vandalism. These innovations aim to address common frustrations among EV drivers.
LiveWire, Harley-Davidson's electric motorcycle brand, launched the S2 Alpinista, built on the versatile Arrow platform. Priced at $15,999, it offers a range of 120 miles and features such as cornering-enhanced braking and traction control. The S2 Alpinista underscores LiveWire's focus on expanding its product lineup.

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