EV Daily | Tesla Wins Louisiana Case, NIO's Onvo L60 Launch, BYD Partners with Huawei, Xpeng's MONA M03 Success
AInvestWednesday, Aug 28, 2024 8:00 am ET
2min read
TSLA --
【Tesla】

Tesla wins appeals court case against the Louisiana Motor Vehicle Commission, allowing its direct sales model in the state after alleging bias. Despite the dissenting judge's opinion, the victory exposes collusion to keep direct sales out.

Tesla's self-driving system is still not operational in The Boring Company's tunnels under Las Vegas, raising doubts about the tech's viability even in controlled environments. However, Tesla aims to make self-driving systems work on public roads without relying on geo-fencing.

Tesla is now capable of producing 700,000 Powerwalls annually, a significant increase from its previous production rate, showcasing its third iteration of the residential energy storage system.



【BYD】

BYD will integrate Huawei's Qiankun ADS 3.0 in its new Fang Cheng Bao brand of off-road EVs, starting with the Fang Cheng Bao 8 hybrid SUV. The partnership aims to enhance smart driving tech and close the gap with Tesla.



【NIO】

NIO's new mass-market brand, Onvo, launches its first model, the Onvo L60, to compete with Tesla Model Y. The Onvo L60, starting at around $30,000 in China, offers a competitive edge with better energy consumption and range.

The Onvo L60 has begun rolling out from NIO's F2 plant, with over 100 stores set to open soon. It boasts the world's lowest wind resistance for an SUV and features a minimalist, AI-powered interior.



【Xpeng】

Xpeng Motors' newly launched MONA M03, aimed at competing with Tesla Model 3, has received massive orders in China, starting at $16,815. The car features three trims with various ranges and smart driving capabilities.

Xpeng is exploring potential sites for local BEV production in Europe to mitigate high import tariffs and is planning to establish a large-scale data center in the region.



【Others】

Gogoro will start commercial operations in Nepal with 45 battery-swapping stations and introduce new electric scooters like the Pulse and JEGO, targeting the local market's needs for efficient cargo and off-road capabilities.

Australia Post will adopt 175 new UBCO DUTY electric motorbikes for mail delivery in diverse terrains, focusing on sustainability and efficiency.

Solar adoption in US K-12 schools has quadrupled since 2014, now powering over 6.2 million students. Schools use third-party ownership models and the Inflation Reduction Act to fund clean energy projects.

Nissan hints at using solid-state batteries in its upcoming electric GT-R, expected to debut by 2028 with over 1,000 kW of power. The concept Hyper Force EV showcases this potential.

National Storage Affiliates Trust partners with Solar Landscape to install 100 MW of solar capacity across self-storage rooftops, benefiting local communities and reducing energy costs.

The Biden-Harris administration has doubled the number of publicly available EV chargers since taking office, with $521 million in grants awarded to expand the national network.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.