EV Daily | Tesla's Profit Surge, BYD's Global Expansion, and Volkswagen's Off-Road EV Lineup

【Tesla】

Tesla's growth in gross profit was largely driven by increased profits from vehicle servicing and its Supercharger network, despite previous claims by Elon Musk that these areas would not be profit centers. The Q3 2024 results showed a significant surge in profits from “services and others,” notably due to Supercharger and service margins. Tesla's delivery growth in Q3 reversed an earlier sales slump, yet its year-to-date performance remains below average compared to the industry. Additionally, Musk has outlined plans for the upcoming FSD v13, predicting a significant improvement in miles between disengagement, aiming for "unsupervised self-driving" next year. However, no self-driving permits have been applied for in California or Texas.

【BYD】

BYD is expanding its manufacturing footprint globally with plans for new plants in places like Thailand, Indonesia, and Brazil. It is also building a facility in Hungary and announced another in Turkey, enhancing its presence in Europe.

【Li Auto】

Li Auto is utilizing CATL’s new battery technology in its models. The Freevoy battery, which will be integrated into multiple hybrid models by 2030, offers significant advancements in efficiency.

【Others】

Volkswagen's Scout brand revealed its Traveler SUV and Terra pickup, both EVs designed for off-road performance with up to 500 miles of range as an EREV. The vehicles are slated for production in 2027.

Hyundai's RN24 concept showcases advanced electric motorsport technology, focusing on performance over specifications. It features a torque-vectoring drivetrain and rally-style suspension.

Kia is set to launch its first electric PBV van, the PV5, next year. The company is partnering with local and international firms to optimize these EVs for various purposes.

Stellantis has upgraded its wind tunnel technology to improve EV range for upcoming models from Jeep, Dodge, and others. The focus is on reducing drag to enhance customer driving experience. The 2025 Ram 1500 REV and Jeep Wagoneer S are among the anticipated models.

Wayve is expanding in the US to test its "Tesla-like" self-learning autonomous driving software, collaborating with partners like Microsoft and Uber.

CATL launched its Freevoy Super Hybrid Battery, offering over 400 km of all-electric range with ultra-fast charging, aimed at enhancing PHEV capabilities.

Decathlon has launched the B’Twin F900E electric cargo bike, designed to carry multiple passengers with features intended for efficiency and convenience.