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EV Daily | Tesla Hits 7M Milestone; BYD Seagull Soars; LG Debuts US Fast Charger

Market BriefThursday, Oct 24, 2024 8:00 am ET
1min read
【Tesla】

Tesla's Q3 2024 financial results show a beat on earnings per share but a miss on revenue expectations. Gross margins increased, aided by regulatory credit sales. Tesla forecasts a record Q4 and plans to launch affordable models in early 2025, though details are sparse. The company achieved its 7 millionth vehicle production milestone. Concerns over full self-driving capabilities persist as Tesla's HW3 might not support promised autonomy levels, with potential future upgrades required. Elon Musk provided uncertain timelines for the Tesla Roadster and Robotaxi, citing ongoing design finalizations. Tesla unveiled plans for a new Supercharger 'Oasis' project featuring solar power and battery storage.

【BYD】

BYD's Seagull model, priced under $10,000, has been a top seller in China, reflecting the brand's strong market position.

【Others】

Volkswagen's ID.7 sedan launch in the US has been delayed to 2025 due to market changes, despite active sales in Europe. The vehicle is anticipated to face stiff competition given its pricing.

Ford's E-Transit van now offers trade-specific factory packages and remains competitively priced against gas models, benefiting from various incentives and discounts.

LG has introduced its first DC fast charger in the US, featuring a 175 kW charging capacity and dynamic load management.

Rivian faced multiple OSHA citations for safety violations, raising concerns about workplace conditions, despite efforts to improve.

ZEEKR introduced the MIX EV in China, featuring innovative design elements and spacious interiors, with deliveries starting soon.

Volvo's EX30 has boosted brand sales in Europe, but overall growth forecasts have been lowered due to challenges in the US and China. The EX30 will soon be produced in Belgium and launched in the US.

Xiaomi's SU7 has exceeded production goals in China, prompting plans for factory expansion to increase output.

Stellantis plans to debut the electric Dodge Charger Daytona with solid-state batteries in 2026, aiming for enhanced performance and range improvements.
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