EV Daily | Tesla Faces Delivery Shortfall; Rivian Meets Targets; Hyundai, Lucid, Kia Expand EV Offerings

【Tesla】

Tesla's Q1 2025 deliveries totaled 336,681 vehicles, significantly below expectations of 377,592 to 390,000 units. The Model Y production changeover contributed to reduced deliveries, and demand issues were evident in the Model 3's 30% sales decline in Europe. Tesla's energy storage deployment reached 10.4 GWh but did not offset lower vehicle deliveries. The Cybertruck faced declining sales and inventory challenges despite federal tax credits and production capacity for 250,000 units annually. Tesla's brand issues, linked to CEO Elon Musk, are highlighted amid competition in China, where demand for the Model Y redesign is soft despite incentives. Tesla stock dropped 5% after disappointing delivery results, with brand issues persisting due to Musk's political affiliations and involvement in DOGE.

【Others】

Hyundai unveiled refreshed Ioniq 6 designs, adding N Line trim and a planned N performance model. The redesign offers exterior updates and improved interiors, with the possibility of enhancements seen in the Ioniq 5. Lucid Motors reported a sixth consecutive delivery record and is set to start Gravity SUV deliveries soon, with optimistic growth forecasts for 2025. The Gravity offers advanced features and significant range, with high starting prices. Ford plans a retooling of its Louisville plant to produce a new EV model, indicating upcoming changes to its EV lineup amid strong Mustang Mach-E sales. Greenlane and Volvo Trucks North America partnered to expand charging solutions for heavy-duty EVs, streamlining access to public chargers via Volvo's Open Charge service. Honda showcased its 0 Series EV prototypes, featuring a boxy SUV design aimed at maximizing interior space, with production planned in Ohio for a North American launch next year. Polestar 2 was removed from the US website amidst new tariffs affecting its availability, while Polestar 3 and 4 remain a focus. Increased tariffs, announced by President Trump, are expected to impact EV prices and market size. Kia achieved record sales in Q1 2025, driven by efficient and affordable EVs, with new models like the EV4 sedan and Tasman pickup set to sustain momentum. California's 4 Gen Logistics continues its zero-emission fleet transition using Volvo electric trucks, confident in reaching a 100% zero-emission fleet by 2025. Lotus launched its 2026 model year Emeya and Eletre EVs with revamped trims and features for a broader customer appeal. The Trump administration's tariffs exempt motorcycles, highlighting affordable electric options like the LiveWire Mulholland and Ryvid Anthem. Rivian's Q1 2025 deliveries met expectations despite challenges, maintaining its annual delivery target. ICON introduced its Bronco EV restomod, blending vintage design with modern electric technology, aiming for limited production and future scalability.