EV Daily | Tesla Faces Roadster Delays; BYD's Global Expansion; Kia, Geely, Range Rover EV Launches

Generated by AI AgentAinvest Market Brief
Friday, May 9, 2025 8:01 am ET1min read
【Tesla】

The Roadster's production has been repeatedly delayed since its prototype was unveiled in 2017, leading to skepticism about whether it will ever be manufactured. Promises of free Roadsters for Tesla owners who referred purchases have not been fulfilled, raising doubts about Tesla's ability to manage multiple vehicle programs effectively. The Roadster is unlikely to be produced this year, and there have been few updates about its development. Tesla has also lost its head of the Indian market amid ongoing struggles to enter the Indian automotive sector, marked by high import duties and complicated negotiations with the Indian government. Despite some progress in recent years, Tesla's entry into India remains uncertain. Additionally, the company faces competition from other charging technologies as Gravity plans to expand its fast-charging network in California, offering twice the speed of Tesla's current Superchargers.

【BYD】

BYD continues its rapid expansion into international markets, aiming for half of its sales to come from outside China by 2030. The company has already seen significant success in Europe and South America, outselling Tesla and Mercedes-Benz in the UK. BYD's overseas sales have doubled recently, contributing to its ambition to become a global leader in EV sales. The brand is targeting additional growth in North America, despite challenges posed by trade tensions with the US. BYD has sold over one million NEVs in the first quarter of 2025, signaling sustained growth momentum.

【Others】

Kia has launched its EV5 electric SUV in global markets, including Australia and New Zealand, and plans to produce the global version in South Korea later this year. The EV5 features noticeable design upgrades and improved battery options. Meanwhile, Geely's Radar R6, an electric pickup, leads sales in China and is expanding into new markets globally under the Riddara name. Range Rover is preparing to launch its first electric SUV and a revamped Velar EV, featuring an 800V platform and enhanced design. Gravity Inc., a fast-charging startup, plans to bring its technology to Los Angeles, promising 5-minute charging sessions at new facilities. Lastly, CATL has unveiled the TENER Stack, a high-capacity energy storage system that can charge 150 EVs or power a home for years, supporting global energy needs.

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