EV Daily | Tesla Sales Plunge in Germany; BYD Surpasses Nissan and Honda; Ford Faces EV Losses

【Tesla】

Tesla's sales in Germany fell nearly 60% in January, significantly more than the broader market decline of 2.8%. Factors include the new Model Y introduction and negative perceptions of CEO Elon Musk's political activities. Tesla's reliance on China is increasing due to declining sales in Europe and stagnating US sales. The company is offering discounts on the Model 3 in China amid concerns about a potential EV price war. Discounts are not applied to Model Y due to limited production following a new version release.

【BYD】

BYD's global sales exceeded those of Nissan and Honda last year. The company introduced new EVs in various international markets, leading to a significant increase in sales. Volkswagen aims to compete with BYD with its upcoming low-cost EV lineup including models such as the ID.2 and ID.1.

【Others】

Ford's EV unit continues to lose money, with a $5.1 billion loss last year, despite increasing EV sales by 21%. The company faces potential challenges from new tariffs. Jeep's 2025 Wagoneer S Limited trim is now more affordable and qualifies for a federal EV tax credit. Volkswagen revealed its new low-cost EV series, aiming to compete with leaders like BYD and Tesla. Audi showcased its Q6 e-tron offroad concept featuring advanced engineering like electric portal axles. Toyota's North Carolina EV battery plant will start production in April, as Toyota attempts to catch up in the electric market. Vammo, a battery-swapping service for electric motorcycles in Latin America, has completed over 1 million swaps in a year, providing significant cost and environmental savings for users.