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EV Daily | Tesla FSD Delays, BYD's Turkey Expansion, and GM's Battery Deal Plans

Market BriefFriday, Sep 13, 2024 8:00 am ET
1min read
【Tesla】

Tesla's Full Self-Driving (FSD) v12.5 rollout has faced delays for HW3 vehicles, with limited updates compared to HW4 models. Owners express dissatisfaction over unkept self-driving promises, and social media reflects widespread confusion. The recent AI roadmap suggests equal updates for HW3 and HW4 from v12.5.2. Furthermore, Tesla appears to be winding down its Cybertruck wrapping business due to low demand and strong third-party competition.

【BYD】

BYD is progressing with its $1 billion EV plant investment in Turkey, expected to create 5,000 jobs by 2026. The company continues expanding globally, having launched its first plant in Thailand and planning further ventures in Mexico post-US elections. Despite competition, BYD achieved record sales in August.

【Others】

General Motors (GM) is contemplating a battery deal with China's CATL, involving US-based assembly to mitigate political risks. The plan could lead to cost savings and stable supply for GM's future EVs. Meanwhile, USPS has launched its new electric delivery vehicles, praised for their efficiency and safety. Neta, from Hozon Auto, is expanding into Mexico with new dealer partnerships as part of its Central and South American market growth strategy. ZeroAvia, in sustainable aviation, secured $150 million funding to expedite hydrogen-electric plane certification and develop components for other manufacturers. Chevrolet is aggressively promoting EV sales with significant dealer incentives for models like the Equinox, Blazer, and Silverado. Jeep's Wagoneer S, its first global electric SUV, combines classic design with modern EV tech and is set for a US launch. Porsche's Macan EV, with an EPA range of 308 miles, will soon be available in the US, while Mercedes-Benz is advancing solid-state battery development for next-gen EVs by 2030. Finland's Axopar launched AX/E, a new electric boat sub-brand featuring advanced motors from Evoy, signaling a shift towards sustainable marine technology. GM and Hyundai have signed a Memorandum of Understanding to explore collaborative opportunities in EV and powertrain development, aiming for cost efficiencies and expanded market reach.
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