EV Daily | Tesla Semi Factory Progresses; NIO Expands Onvo L60; Hyundai Debuts Staria Electric

【Tesla】

Tesla is progressing with its Tesla Semi factory, aiming for production in 2025. Despite initial delays, about 70 Tesla Semi trucks have been built, mainly used internally and by PepsiCo. The factory's steel structure is complete, with plans to set up production lines throughout 2025. Meanwhile, Tesla faces debates about ending EV credits in the US, with arguments about potential advantages and challenges. Tesla's real competition remains gas-powered vehicles, as EVs still represent a small market share. Concerns about Tesla's business strategies and Musk's influence on EV incentives continue to surface.

【NIO】

NIO's new electric SUV, the Onvo L60, is priced competitively against Tesla's Model Y in China. The Onvo L60 offers various battery options, with ranges up to 1,000 km (621 mi). NIO has delivered over 20,000 Onvo L60 vehicles within 100 days of its launch. Production is set to double by March 2025, and NIO plans to introduce the L60 in Europe, starting with the UK. The L60's first long-range cold-weather test was successful, proving its efficiency in harsh conditions. NIO aims to expand to 25 countries and regions by the end of 2025.

【BYD】

BYD holds a 16.8% share of the global EV battery market, following the leading company CATL, which has a 36.8% share.

【Others】

Isuzu's new NRR-EV electric truck is being used by Red Bull in Southern California, marking a milestone in sustainable transportation. The truck offers different battery configurations with a range of up to 235 miles. Production began in August 2024, with national deliveries set for Q1 2025.

Hyundai plans to launch its first all-electric minivan, the Staria Electric, in 2025. Production will start in Korea, with an 84 kWh battery offering a 10% capacity increase over previous models. Hyundai aims to expand production to Europe by 2026, targeting 15,000 to 20,000 annual sales.

Volkswagen has resolved the ID.4 recall issue due to faulty door handles, resuming production and sales at its Tennessee factory. The recall affected model years 2021-2024, but no stop-drive order was issued, allowing owners to continue using their vehicles.

Jeep's upcoming Recon EV, inspired by the Wrangler, is set to debut in early 2025 with a range of around 223 miles. The Recon will feature options like removable doors and is designed for challenging terrains.

VinFast offers a new lease program for its VF 8 SUV in the US for $279/month with $0 down, available for 24 months. Despite early software issues, the VF 8 aims to capture the SUV-loving US market. However, brand awareness remains a challenge.