EV Daily | Tesla Launches Cybertruck Lease, Hyundai IONIQ 5 Gains Tesla Port, BYD Halts Canada Plans
Saturday, Nov 9, 2024 7:00 am ET
STLA --
TSLA --
【Tesla】
Tesla has introduced Cybertruck leases at $999 per month in an effort to boost demand for its electric pickup. The company has started deliveries in Canada, though demand there is not expected to be high. These initiatives aim to maintain interest until a cheaper Cybertruck model is released next year. Additionally, Tesla's valuation has increased significantly post-election, partly due to expectations of favorable treatment under the Trump administration, which could impact EV incentives and industry competition.
【BYD】
BYD has put plans to enter the Canadian market on hold, influenced by the country's tariffs on Chinese EVs and recent political developments in the US. This decision follows efforts to explore a distribution network in Canada and potential manufacturing opportunities at a Stellantis facility.
【Others】
Hyundai announced the 2025 IONIQ 5, featuring a standard Tesla NACS charging port and improved range. The new model will begin arriving at dealerships by the end of 2024, with prices starting at $43,975. The IONIQ 5 is now Hyundai's best-selling EV. Audi plans to cut 15% of its workforce while closing the Brussels plant by February 2025. This follows low sales for the Audi Q8 E-Tron and larger corporate layoffs within the Volkswagen Group. Kia is launching its EV4 electric sedan and hatchback, as part of a strategy to offer lower-priced electric vehicles. The EV4 features a distinctive design and advanced infotainment systems, with production expected to start later this year. Mercedes-Benz is incentivizing dealers to boost EV sales with bonuses up to $3,000 per vehicle sold. The company is also introducing a more affordable CLA EV model, set for release in 2026. GM is retiring the gas-powered Cadillac XT4 to make room for new Chevrolet Bolt models at its Kansas plant. The next-generation Bolt will feature advanced tech and LFP batteries, with production starting in 2025. Jaguar Land Rover announced the Range Rover Velar Electric, expected in 2026, as its first model on the new EMA platform. JLR is also preparing for the Range Rover Electric's launch. Bentley is set to launch its first all-electric vehicle, a luxury urban SUV, in 2026, as it shifts towards electrification while continuing to offer plug-in hybrids. Trina Solar is selling its Texas factory to FREYR Battery amid increased US scrutiny of Chinese companies benefiting from tax breaks. This move aligns with efforts to expand domestic manufacturing capacity for solar and batteries.E1, an electric boat racing series, concluded its inaugural season with Team Brady winning the championship. The series plans to expand globally in season two, with a potential US race.
Tesla has introduced Cybertruck leases at $999 per month in an effort to boost demand for its electric pickup. The company has started deliveries in Canada, though demand there is not expected to be high. These initiatives aim to maintain interest until a cheaper Cybertruck model is released next year. Additionally, Tesla's valuation has increased significantly post-election, partly due to expectations of favorable treatment under the Trump administration, which could impact EV incentives and industry competition.
【BYD】
BYD has put plans to enter the Canadian market on hold, influenced by the country's tariffs on Chinese EVs and recent political developments in the US. This decision follows efforts to explore a distribution network in Canada and potential manufacturing opportunities at a Stellantis facility.
【Others】
Hyundai announced the 2025 IONIQ 5, featuring a standard Tesla NACS charging port and improved range. The new model will begin arriving at dealerships by the end of 2024, with prices starting at $43,975. The IONIQ 5 is now Hyundai's best-selling EV. Audi plans to cut 15% of its workforce while closing the Brussels plant by February 2025. This follows low sales for the Audi Q8 E-Tron and larger corporate layoffs within the Volkswagen Group. Kia is launching its EV4 electric sedan and hatchback, as part of a strategy to offer lower-priced electric vehicles. The EV4 features a distinctive design and advanced infotainment systems, with production expected to start later this year. Mercedes-Benz is incentivizing dealers to boost EV sales with bonuses up to $3,000 per vehicle sold. The company is also introducing a more affordable CLA EV model, set for release in 2026. GM is retiring the gas-powered Cadillac XT4 to make room for new Chevrolet Bolt models at its Kansas plant. The next-generation Bolt will feature advanced tech and LFP batteries, with production starting in 2025. Jaguar Land Rover announced the Range Rover Velar Electric, expected in 2026, as its first model on the new EMA platform. JLR is also preparing for the Range Rover Electric's launch. Bentley is set to launch its first all-electric vehicle, a luxury urban SUV, in 2026, as it shifts towards electrification while continuing to offer plug-in hybrids. Trina Solar is selling its Texas factory to FREYR Battery amid increased US scrutiny of Chinese companies benefiting from tax breaks. This move aligns with efforts to expand domestic manufacturing capacity for solar and batteries.E1, an electric boat racing series, concluded its inaugural season with Team Brady winning the championship. The series plans to expand globally in season two, with a potential US race.