EV Daily | Tesla Faces Delivery Challenges; BYD, XPeng, and Others Expand in Global EV Markets

【Tesla】

Tesla is expected to miss its delivery goals for the quarter and full year 2024, as analysts anticipate less than required growth to achieve a 50% increase in deliveries. To surpass 2023 deliveries, Tesla needs significant growth in Q4. The company faces challenges in Europe but finds success in China, with the opaque US market remaining decisive. The focus on Cybertruck might be detrimental, with cheaper EVs planned for 2025. Tesla also engaged in discussions with South Africa about potentially building a battery factory, though speculations remain uncertain.

【BYD】

BYD plans to launch its popular EVs, like Dolphin, Atto 3, and Seal, in South Korea in January 2025, aiming to challenge Hyundai. The company seeks to expand its market presence beyond China, targeting 10,000 sales in Korea next year. However, BYD faces competition from local automakers like Hyundai and Kia, which offer affordable EVs. Despite higher prices overseas, BYD has seen increasing success in markets like Japan.

【Xpeng】

XPeng aims to expand its global presence from 30 to over 60 countries by the end of 2025. The company focuses on innovation and efficiency to remain competitive in China’s saturated EV market, predicting a price war in 2025. XPeng's strategy includes international growth, with plans to launch new or facelifted models nearly every quarter in 2025.

【Others】

Nissan enhances its Ariya EV with a new promotion, making it competitive against other SUVs. The 2025 Ariya features improved infotainment, a range of up to 289 miles, and incentives for Nissan and Infiniti owners. Nissan aims to position the Ariya as a value option in the crowded electric SUV market. Xiaomi Automotive reports impressive delivery numbers for its SU7 EV and targets 300,000 vehicle deliveries in 2025 with a new SUV model and expanded production capacity. ONYX Motorbikes relaunches with a limited edition electric moped, the ONYX RCR LTD, after overcoming operational challenges. The company aims to continue expanding its presence in the electric two-wheeler market.