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EV Focus Overseas Daily on November 13th

"Top 3 News"

Tesla's Stock Price Rise Not Due to Performance, Market Expects Benefits from Government Corruption

Key Points:

Recently, Tesla (TSLA)'s stock price has increased by approximately one-third within a week. This phenomenon is not caused by the company's improved performance or external factors such as changes in consumer preferences or favorable adjustments to electric vehicle policies. Instead, this stock price increase is more based on the market's expectation that Tesla may benefit from government corruption. The article points out that although developed democratic countries in Europe, America, and elsewhere claim to have surpassed corruption, in reality, corrupt practices only exist in more covert forms. For example, when Toyota speaks in Japan, the Japanese government listens; in the United States, when new emission rules are discussed, polluting giants such as the oil and automotive industries demand the relaxation of rules, and these rules are often relaxed, despite opposition from doctors, nurses, scientists, public interest groups, many businesses, and the public.

The article also mentions that Donald Trump, as a person who is about to return to the White House, is known for his historical corrupt behavior. Tesla CEO Elon Musk, although he once correctly recognized the severity of climate change, has allied with Trump, a candidate who promised to undermine the electric vehicle industry if oil companies gave him a billion-dollar bribe, and has invested hundreds of millions of dollars to support him. The market's reaction to Tesla's stock price seems to be based on expectations of possible large-scale government corruption by Trump and the Republican Party, from which they hope to benefit. This expectation is contrary to Tesla's mission to accelerate the adoption of electric vehicles, as Trump's policies and actions have always aimed to increase air and water pollution and raise health and fuel costs.

Elon Musk (Source: Electrek)

Opinions:

This article reveals a disturbing phenomenon: The boost in Tesla's stock price in the stock market is not based on the company's actual performance or positive changes in industry policies, but on expectations of government corruption. This expectation reflects the market's concerns about possible improper relationships and benefit exchanges between political figures and business leaders. This phenomenon raises questions about the fairness and transparency of the market. If the fluctuations in the stock market are based on expectations of corrupt behavior, then this not only damages the fair competitive environment of the market but also undermines the public's trust in the economic system. Tesla, as a leading enterprise in the electric vehicle industry, its stock price increase should be a recognition of its innovation and market performance, rather than based on the possible corrupt behavior of political figures. In addition, this expectation of corruption also ignores Tesla's positive role in promoting clean energy and reducing carbon emissions. Tesla's success should be built on the quality of its products and services, rather than the favoritism of political figures or improper policy tilts. Ultimately, this stock market behavior based on corruption expectations may have a long-term negative impact on the entire economy and society. It not only damages the fairness of the market but also may encourage improper political and business behaviors, thereby undermining the healthy development of the economy and the fairness and justice of society.

Cadillac Vistiq Electric SUV Unveiled: Luxury Three-Row Seating, Over 480 Kilometers Range

Key Points:

General Motors' (GM) Cadillac brand has recently launched a new luxury three-row electric SUV - Vistiq. This model will be available in the global market, further consolidating Cadillac's leadership position in the US luxury car market. Positioned between the Lyriq and the larger Escalade IQ, Vistiq is called the "Miniature Escalade" and adopts Cadillac's latest design language. The exterior design of Vistiq is eye-catching, including a luminous thin-striped grille, highlighting its identity as an electric vehicle. The vehicle is also equipped with Cadillac's signature vertical headlights and taillights, and the high-end models add a black crystal shield. In terms of the interior, Vistiq emphasizes providing spacious space for all three rows of passengers and is equipped with advanced technologies and features, including a huge 33-inch LED infotainment screen. Even for the third-row passengers, there are padded armrests, cup holders, mobile phone storage areas, and USB chargers.

Vistiq is equipped with a 23-speaker AKG Premium Sound System that supports Dolby Atmos, providing an immersive 3D audio effect experience. Safety and driving assistance technologies are also highlights of Vistiq, including GM's Super Cruise, Blind Spot Steering Assist, Cyclist Alert, and Front Collision Warning as standard configurations. The optional Night Vision feature uses infrared sensors to detect people or animals in front, further enhancing driving safety. In terms of power, Vistiq is equipped with a 102 kWh battery pack, with an expected range of over 300 miles. The maximum output power can reach 615 horsepower, and the torque reaches 650 pound-feet. It can accelerate from 0 to 60 miles per hour in just 3.7 seconds. The standard all-wheel drive system and road noise cancellation technology provide a quiet driving experience for the driver. The body size of Vistiq is 205.6 inches in length, 79.7 inches in width, 71 inches in height, and the wheelbase is 121.8 inches, slightly longer than the Rivian R1S, but slightly lower in height. Cadillac plans to sell Vistiq globally, including in the United States and Canada, and production is expected to begin at GM's Spring Hill, TN manufacturing plant in early 2025. Vistiq will offer three configurations: Luxury, Sport, and Premium Luxury. GM stated that a Platinum configuration with added performance elements and design options will be launched in the summer of 2025. The starting price of Vistiq is $78,790, including destination fees.

Cadillac Vistiq Electric SUV (Source: Electrek)

Opinions:

The launch of Cadillac Vistiq marks General Motors' further expansion in the electric SUV market. This model, with its luxurious configuration, spacious space, and advanced technology, provides consumers with a new choice. The design concept of Vistiq reflects Cadillac's deep understanding of the luxury electric SUV market. It not only meets consumers' demands for comfort and a sense of technology but also provides excellent performance and safety. The pricing of Vistiq is close to $80,000, which is a relatively reasonable price for a luxury electric SUV, especially considering the configuration and performance it offers. As the electric vehicle market matures, consumers' acceptance of electric vehicles is increasing. The listing of Vistiq is expected to attract those buyers who are seeking high-end electric SUVs. However, the success of Vistiq will also face challenges. With the fierce competition in the electric SUV market from brands such as Tesla, Audi, and Mercedes-Benz, Vistiq needs to continuously innovate in brand, technology, and service to maintain its competitiveness. In addition, with the global support for electric vehicle policies and the improvement of infrastructure, the market performance of Vistiq will also be affected by these external factors. Overall, the launch of Vistiq is an important step for Cadillac in its electrification transformation. It not only enriches Cadillac's product line but also provides consumers with a new luxury electric SUV option. With the continuous progress of electric vehicle technology and the expansion of the market, Vistiq is expected to become a strong competitor in the global luxury electric SUV market.

Porsche Releases Three New Taycan EVs, with Comprehensive Enhancements in Performance and Range

Key Points:

Porsche recently announced that its 2025 Taycan electric series has added three new models: Taycan GTS, GTS Sport Turismo, and the entry-level all-wheel-drive Taycan 4. The addition of these three new models has increased the total number of Porsche Taycan series models to 13, further enriching the product line to meet the needs of different consumers. The new models have significant improvements in performance, range, and charging speed. The Porsche Taycan series is known for its excellent performance and sporty design, and the addition of new models further strengthens this market positioning. The Taycan GTS is based on the successful experience of Porsche Gran Turismo Sport, providing up to 690 horsepower, an increase of 100 horsepower compared to the previous generation, and is available in both sedan and Sport Turismo body styles. The new model is also equipped with a unique electric sports sound system to enhance the driving experience. The Taycan 4 Cross Turismo is targeted at consumers who pursue performance and efficiency. Depending on the battery capacity, it can provide up to 429 horsepower. The new entry-level Taycan 4 adopts a dual-motor configuration, providing better control and stability, and is equipped with Porsche Traction Management and adaptive air suspension systems to ensure a smooth driving experience expected of a luxury brand. The starting prices of the new models are as follows: The starting price of the Taycan 4 sedan is $103,300, the starting price of the Taycan GTS sedan is $147,900, and the starting price of the GTS Sport Turismo is $149,800. All prices do not include a $1,995 delivery fee. The Porsche Taycan series now covers three body variants, all-wheel drive, and rear-wheel drive powertrains, with performance ranging from 402 horsepower to 1,019 horsepower. The new models are expected to be available in early 2025, and deliveries are expected to begin from the end of the first quarter of 2025.

Porsche Taycan (Source: Porsche)

Opinions:

The launch of these three new Taycan EV models by Porsche not only improves the performance but also optimizes the range and charging speed, demonstrating Porsche's continuous innovation in the electric vehicle field and its deep understanding of market demands. As the electric vehicle market continues to expand and mature, consumers' expectations for electric vehicles are also increasing. They are no longer satisfied with just basic commuting needs but are beginning to pursue higher performance and a better driving experience. The launch of the new Taycan series, especially the GTS and 4 Cross Turismo models, not only enriches Porsche's product line but also provides more choices for consumers. Especially for those seeking high performance and high efficiency, the new models undoubtedly offer an attractive option. The electric sports sound system of the GTS model and the dual-motor configuration of the 4 Cross Turismo are powerful additions to enhancing the driving experience. In addition, with the progress of electric vehicle technology, Porsche demonstrates its leadership position in the high-end electric vehicle market by continuously updating its electric vehicle products. The launch of the new models not only helps Porsche maintain its competitiveness in the increasingly competitive electric vehicle market but also provides support for the brand's global electrification strategy. In general, the launch of the new Porsche Taycan series is the brand's active response to the development trend of the electric vehicle market and an in-depth insight into consumer demands. With the listing of the new models, Porsche is expected to occupy a larger share in the high-end electric vehicle market and continue to lead the innovation trend of electric vehicle technology and design.

"Big Events"

EVgo Achieves Record Third-Quarter Results, Achieving Double-Digit Year-on-Year Growth for Eight Consecutive Quarters

The American electric vehicle charging network EVgo has released its financial report for the third quarter of 2024, showing record revenue and astonishing year-on-year growth. EVgo's growth has continued for eight quarters, with seven quarters of triple-digit growth in energy throughput. As one of the largest electric vehicle charging networks in the United States, EVgo currently serves over 1,000 fast-charging stations across 40 states, with more stations in the pipeline. In May this year, EVgo announced that its registered users have doubled in two years, with more than 1 million active customers, a 400% increase since April 2020. Despite some competitors being criticized for lack of maintenance and reliability, EVgo has launched the "ReNew" program to repair and replace charging piles to ensure that customers can charge their electric vehicles.

EVgo (Source: Electrek)

Before the release of the third-quarter report, EVgo also launched several preferential and support plans for electric vehicle drivers, including providing access services for Tesla owners, and providing fast charging services for Hertz rentals. At the same time, through cooperation with companies such as Pilot/Flying J and General Motors, new 350 kW charging stations have been launched. These efforts seem to have paid off, as EVgo shared record revenue and steady growth in its 2024 third-quarter financial report. According to EVgo's 2024 third-quarter report, the electric vehicle charging network achieved a record revenue of $67.5 million, an increase of 92% compared to $35.1 million in the third quarter of 2023. EVgo's total throughput increased to 78 gigawatt-hours, an increase of 111% compared to 37 gigawatt-hours in the third quarter of 2023. The charging network added more than 147,000 new customers in the third quarter, with a total number of users exceeding 1.2 million, a year-on-year increase of 39%. The total number of accounts increased by 57% compared to the third quarter of 2023. EVgo CEO Badar Khan said: "I am pleased to report another record quarter, supported by strong revenue and triple-digit annual growth. Our deployment team continues to meet the demand head-on, and a record number of charging piles were launched in the third quarter. With the conditional commitment of up to $1.05 billion in loan guarantees from the US Department of Energy that we announced last month, EVgo is well-positioned to become an industry-leading charging service provider. Looking towards the end of the year and fiscal year 2025, we are working to complete the loan process, drive the next stage of growth as a fast-charging infrastructure owner and operator, and continue to create sustainable value for our shareholders."

Audi A3 allstreet PHEV Unveiled, Equipped with 1.5-liter TFSI Engine and Electric Motor

Audi has recently launched its latest plug-in hybrid model - A3 allstreet. This model inherits the design concept of the Audi A3 Sportback TFSI e and has significantly improved in performance and range. The core power system of the A3 allstreet includes a 1.5-liter TFSI evo2 turbocharged gasoline engine, providing 110 kilowatts (150 horsepower) and 250 Newton-meters of torque, as well as an 85-kilowatt, 330-Newton-meter electric motor. This hybrid power system has a combined output power of 150 kilowatts (204 horsepower) and a system torque of 350 Newton-meters, providing strong power for this crossover model. The top speed of the A3 allstreet 40 TFSI e can reach 225 kilometers per hour, and the top speed in pure electric mode can reach 140 kilometers per hour. It is equipped with a high-capacity high-voltage battery with a total capacity of 25.7 kWh (net capacity of 19.7 kWh), integrating 96 prismatic cells with a charging capacity of 73 ampere-hours, providing the vehicle with a WLTP pure electric range of nearly 140 kilometers.

In terms of intelligent drive management, the plug-in hybrid system of the A3 allstreet is designed to achieve the best efficiency. The driver can prioritize the use of the electric driving mode by selecting the EV button or the Multimedia Interface (MMI) to achieve a

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