Tesla to increase delivery plan next year, BYD Seagull lands in the Australian market | Overseas Daily
"Top 3 News"
Tesla Plans to Increase Electric Vehicle Deliveries by 500,000 Next Year
Key Points:
Tesla plans to resume the growth of vehicle deliveries next year and expects to deliver approximately 500,000 additional electric vehicles. For many years, Tesla has guided electric vehicle deliveries with an annual growth rate of approximately 50%, with the goal of delivering 20 million vehicles per year by 2030. However, growth has stagnated this year, and vehicle deliveries in 2024 are expected to be the same as last year. Tesla has shared more precise growth guidance for the first time, planning to increase deliveries by 20% to 30% in 2025. If Tesla can deliver a record 515,000 vehicles in the fourth quarter, the total deliveries in 2024 will be approximately 1.85 million. This means that Tesla expects to deliver 2.2 million to 2.4 million electric vehicles in 2025.
All Tesla Models (Source: Tesla)
Opinions:
Tesla used to grow at a rate of 30%, but it has never achieved this growth at such a high production volume. After the full-year production in 2024, the Cybertruck is expected to make more contributions in 2025. Tesla's currently listed production capacity is approximately 125,000 units, which may be more than twice the expected number of Cybertrucks delivered this year. The expected real contribution will come from two new models that Tesla plans to launch in the first half of 2025. These new models are expected to be cheaper than the Model 3/Y, which currently has a pre-subsidy price of $43,000, and the new models' prices may be closer to $30,000 to $35,000. When discussing the growth guidance, Musk mentioned that "low-cost models" will contribute to growth, and he also said that the "arrival of autonomous driving technology" will also contribute to growth.
BYD Will List Its Smallest Electric Vehicle Seagull in Australia
Key Points:
BYD (Build Your Dreams) plans to launch an electric vehicle smaller than the Dolphin in Australia, suggesting that it may be the low-cost Seagull electric vehicle. BYD is known for its very affordable electric vehicles, and the starting price of its cheapest electric vehicle, the Seagull, in China is less than $10,000 (69,800 yuan). The Seagull has become the best-selling model in the Chinese electric vehicle market for six consecutive months. In September, BYD sold 43,425 Seagulls, and the total sales exceeded 400,000 for the first time. After dominating the domestic market, BYD is seeking overseas markets to drive growth. BYD's Seagull (known as the Dolphin Mini in overseas markets) has already been launched in key markets such as Mexico and Brazil. Even in overseas markets, the Seagull (Dolphin Mini) is one of the cheapest electric vehicle options, with a starting price of approximately $20,000 (99,800 Brazilian reals, 358,800 Mexican pesos).
BYD Seagull (Source: BYD)
Opinions:
David Smith, the CEO of BYD Australia importer EVDirect, confirmed to Drive that the company plans to launch a model smaller than the Dolphin. When the Dolphin was launched in Australia in 2023, it was the cheapest electric vehicle, but then the aggressive price cuts of the MG 4 and GWM Ora weakened its position. After a $2,000 price reduction, the starting price of the BYD Dolphin is $36,890. The MG 4 has a starting price of $30,990 through a limited-time promotion. When asked if they will further reduce the price to become the cheapest electric vehicle in Australia again, Smith expressed hesitation. He said, "We always want to be competitive with our competitors, but we also know the importance of residual value." Smith added that BYD "is here for the long term" and "we always want to put the brand first". Price fluctuations may damage this.
Lucid Gravity Will Start Accepting Orders Next Week, Including Two Configurations, with One Priced Below $80,000
Key Points:
Lucid Motors has set the date to start accepting orders for its flagship SUV, the Gravity. Orders for the Lucid Gravity will begin on November 7, 2024, and at least two configurations will be included, namely the Touring version priced at $79,900 and the Grand Touring version priced at $94,900. The Grand Touring version will begin production later this year, followed by the Touring version at the end of 2025.
Lucid Gravity SUV (Source: Lucid)
Opinions:
This long-awaited market milestone can be traced back to 2021, when the Lucid team first showed the silhouette of the Gravity SUV at the end of the launch video of its flagship Air sedan. Since then, we have previewed the Gravity before its official debut in November 2023, and orders are expected to start in 2024. This summer, Lucid has received a new $1 billion financing, confirming that the SUV will be equipped with an NACS port and the first pre-production models have been launched. Now, the Lucid Gravity will soon be delivered to customers, and orders will officially start next week.
"Big Events"
Tesla Expands the Scale of Its Texas Gigafactory
Tesla Texas Gigafactory (Source: Tesla)
Tesla has applied for permits to expand the size of its Gigafactory in Austin, Texas, to increase new vehicle production. The Gigafactory Texas currently covers an area of more than 5 million square feet. According to the Austin Business Journal, Tesla submitted 10 new applications to the Texas Department of Licensing and Regulation last week to double the size of the Austin factory. There are not many details about these applications, but they mention items such as "body frame" and "castings", suggesting the purpose of the expansion. Currently, the Gigafactory Texas produces the Model Y, Cybertruck, and the 4680 battery cells that power the Cybertruck. Tesla plans to produce the recently announced Robotaxi/Cybercab at the Gigafactory Texas. In addition, Tesla plans to produce two new models based on the Model Y production line, but these models are expected to require new production lines to produce some parts, such as stampings and drive units.
Audi Launches a Cheaper Version of Its Upcoming A6 Electric Sedan
Audi A6 Electric Vehicle (Source: Audi)
Audi is expanding the product line of its upcoming A6 electric sedan by introducing a new entry-level version. This summer, Audi launched the new A6 electric sedan and Avant (Audi's version of the station wagon), but only the performance version of this new model was announced at that time. The Audi A6 follows the launch of its Q6, which is the first electric vehicle in its product line to use the new PPE platform developed in collaboration with Porsche. The knowledge accumulated by Audi from the e-tron, Q4, and Q8 has led to significant improvements in efficiency, range, and overall electric powertrain, while maintaining Audi's unique characteristics with fewer compromises. Today, Audi announced the new entry-level A6 and began accepting orders in Europe: Two additional variants can now be ordered, one is a more affordable A6 e-tron with rear-wheel drive and a smaller battery with a capacity of 83 kWh, and the other model is the quattro all-wheel drive with a larger battery with a capacity of 100 kWh.
Cadillac Lyriq-V Electric SUV Expected to Hit the Market in Early 2025
Cadillac Lyriq-V (Source: Cadillac)
General Motors' luxury brand Cadillac will launch a new performance electric SUV, the Cadillac Lyriq-V, in early next year. This will be the first V-series all-electric SUV, and the V-series is General Motors' high-end brand for performance and innovation. The Cadillac Lyriq-V will be launched in a new era for the luxury brand, and it will be the first electric SUV to receive the performance V-series badge. The launch of the Cadillac Lyriq-V marks the brand's transition from traditional fuel vehicles to electric vehicles. This electric SUV will be launched in the global market in early 2025, including the United States, Canada, Australia, and New Zealand, offering both left-hand and right-hand drive options. The Cadillac Lyriq-V will offer more than 682 horsepower with an all-wheel drive dual-motor, a 0 to 60 mph acceleration time of 4.4 seconds, and a torque of 653 pound-feet. More specifications of the Cadillac Lyriq-V, including power, range, and pricing, will be announced later.
Polestar Electric Vehicles Can Now Use the Tesla Supercharger Network
Polestar Access Point to Tesla Charging Network (Source: Electrek)
Polestar has announced that its electric vehicles are now officially joining the Tesla Supercharger network. Following Ford, General Motors, Rivian, and others, Polestar EV owners have become the latest batch of non-Tesla electric vehicle owners who can officially use the network after Tesla opened its Supercharger network and adopted the NACS connector as the new standard connector for North American electric vehicles. In the coming months, many new electric vehicles or new models of electric vehicles will begin to be launched, and the NACS connector will become the standard configuration for these vehicles. At the same time, each automaker that has reached an agreement with Tesla to gain access to the Supercharger network has a different arrangement to provide adapters for its existing owners to access the fast-charging network. Polestar says that its owners can order the NACS adapter from the local service point, and future Polestar products will use the NACS interface as standard equipment. Existing Polestar product owners can order the NACS adapter through the local Polestar service point today, with delivery planned for mid-November. In addition, Polestar's on-board Google Maps will be updated to show all available NACS chargers.
"Cool Products"
Hyundai Ioniq 6 N
Hyundai is expanding its all-electric N series models and is about to launch its fastest street-legal vehicle - the Hyundai IONIQ 6 N, which may be the fastest and most powerful Hyundai model we have seen so far. After debuting its first high-performance electric N series model in North America, Hyundai is reportedly developing an even faster model.
Hyundai IONIQ 6 N (Source: Hyundai)
The design of the IONIQ 6 N is inspired by the Hyundai RN22e concept car launched in 2022, which is an IONIQ 6 prepared for the racetrack. It is expected that the production version of the IONIQ 6 N will have a lower ground clearance and emphasized shoulder lines to show a majestic posture. The IONIQ 6 N is expected to offer the best performance on a street-legal vehicle by Hyundai so far, surpassing the IONIQ 5 N. The dual-motor powertrain of the IONIQ 5 N can generate 601 horsepower (641 horsepower in boost mode). The IONIQ 6 N is likely to have more power, and its more aerodynamic exterior design will help improve performance.
Hyundai IONIQ 6 N (Source: Hyundai)
The IONIQ 6 N is expected to be equipped with a new 84 kWh battery pack, which is the battery pack of the IONIQ 5 N. This new battery pack uses the fourth-generation battery cells, and the energy density is about 8.4% higher than the 77.4 kWh battery pack of the IONIQ 6, which is 670 Wh/L.
