Tesla Model Y Juniper new model released, Hyundai invests a record $16.6 billion in South Korea | Overseas Daily
"Top 3 News"
Tesla Model Y Juniper New Model Release
Key Points:
Tesla officially released the refreshed version of Model Y "Juniper" less than a day after the uncamouflaged vehicle photos were leaked. The refreshed Model Y (codenamed Juniper) is highly anticipated and is expected to include many improvements from the 2023 Model 3 refreshed version. In October 2024, Chinese social media claimed that the refreshed version is about to enter the trial production stage, and a few days later, photos of the refreshed Model Y appeared outside the Shanghai factory. Last month, it was reported that the Shanghai factory will start mass production in January, and it is expected to start soon.
Although Tesla stated in 2024 that there would be no Model Y refreshed version that year, as soon as 2024 ended, the refreshed version was immediately released. Tesla updated its Chinese website (and other Asia-Pacific region websites) to provide detailed information on the refreshed Model Y, including improvements similar to the Model 3 refreshed version, such as a quieter cabin, higher three-electric efficiency, stronger performance, ambient lighting, and a rear seat screen.
Model Y Juniper (Source: Electrek)
Opinions:
The rapid release of the Tesla Model Y "Juniper" refreshed version shows the company's quick response ability to market demand. Although Tesla stated in 2024 that there would be no refreshed version that year, as soon as 2024 ended, Tesla quickly launched this update to meet the expectations of the market and consumers. The many improvements of the refreshed Model Y, such as a quieter cabin, higher efficiency, stronger performance, ambient lighting, and a rear seat screen, not only enhance the technical performance of the vehicle but also significantly improve the driving and riding experience.
These improvements help Tesla maintain its leading position in the highly competitive electric vehicle market and attract more consumers to choose Tesla products. Tesla's rapid trial production in the Shanghai factory and the upcoming mass production demonstrate its strong ability in production efficiency and supply chain management. This will help Tesla deliver the refreshed Model Y to consumers more quickly and further increase its market share. Tesla first updated the information of the Model Y "Juniper" refreshed version on its websites in China and the Asia-Pacific region, showing its emphasis on these important markets. By timely releasing and updating product information, Tesla can better meet the needs of consumers in these regions and enhance the brand's influence in the local market.
Hyundai Invests a Record $16.6 Billion in Korea for Developing New Technologies and Electric Vehicles
Key Points:
Hyundai Motor Group announced that it will make the largest annual investment in history in South Korea in 2025, planning to invest 24.3 trillion won (approximately $16.6 billion), an increase of 19% compared to 2024. The aim is to overcome the crisis and ensure future growth through continuous and stable investment. The investment focuses on the development of next-generation products, the acquisition of key new technologies, the acceleration of electrification, and Software Defined Vehicle (SDV). Hyundai will invest 11.5 trillion won in research and development to enhance product competitiveness, electrification, SDV, hydrogen products, and original technology development; another 12 trillion won will be invested to improve domestic electric vehicle production and manufacturing capabilities.
In the first half of 2026, Hyundai will open a dedicated electric vehicle factory in Ulsan and plans to mass-produce electric vehicles, including an ultra-large electric SUV. In the United States, Hyundai has opened a new $7.6 billion electric vehicle factory, and the first vehicle off the production line is the upgraded 2025 Hyundai IONIQ 5. The first three-row electric SUV IONIQ 9 will start production in Georgia in the first quarter of 2025. Many Hyundai electric vehicles now meet the conditions for a $7,500 federal tax credit, and it is the first company to sell cars on Amazon in the United States.
Hyundai IONIQ 5 N LINE (Source: Electrek)
Opinions:
Hyundai's large-scale investment plan shows its ambition in the field of electric vehicles and new technologies, aiming to become the world's leading automotive manufacturer in global sales by surpassing Volkswagen or Toyota through enhancing product competitiveness and accelerating electrification. This strategy not only helps Hyundai recover growth in the Korean market but also enhances its competitiveness in the global market.
Hyundai's investment is a positive response to the current political crisis in South Korea. By increasing investment in new technologies and electric vehicles, it attracts consumers and increases market share. Its long-term strategy is to ensure a leading position in the future automotive market through continuous investment in R&D and production facilities, especially in the fields of electric vehicles and software-defined vehicles. Hyundai's layout in the US market, including the construction of new factories and the launch of electric vehicles, as well as the advantage of meeting the federal tax credit policy, will help increase sales and market share in the US market. By selling cars on Amazon, Hyundai further expands its sales channels and improves the brand's market coverage and consumer convenience.
General Motors Is Using AI to Find Ideal Locations for Electric Vehicle Charging Stations
Key Points:
Data scientists at General Motors (GM) are using artificial intelligence and machine learning technologies to determine the ideal locations for electric vehicle charging stations across the United States. With GM's electric vehicle sales reaching a new high in 2024, many drivers are still unsure where to charge their vehicles. To this end, GM is collaborating with EVgo and Pilot Travel Centers to increase public charging options and improve the overall charging experience. GM and EVgo plan to install 2,850 DC fast charging stations nationwide, including 400 flagship fast charging stations in major metropolitan areas, equipped with 350 kW ultra-fast chargers.
In addition, GM is also collaborating with Pilot Flying J and EVgo to add up to 2,000 DC fast chargers at 500 travel centers, and more than 130 locations are already in operation. GM's data scientists use AI tools to analyze electric vehicle traffic patterns, driving behaviors, and existing infrastructure to determine the optimal locations for chargers. These algorithms treat the location problem as a mathematical optimization problem, evaluating factors such as traffic flow and distance from other chargers, and visualizing the results on a detailed map. Human experts will review and refine these suggestions to finalize the charging station plan. Once the data-driven decision is made, GM will work with partners to put these strategic charging stations into operation.
GM Energy (Source: Electrek)
Opinions:
GM, through its collaboration with EVgo and Pilot Travel Centers and the integration of advanced AI technology, has solved the key problem of locating electric vehicle charging stations. This method of combining technology and industry cooperation not only improves the layout efficiency of charging stations but also enhances drivers' confidence in electric vehicles and promotes the popularization of electric vehicles.
By optimizing the location of charging stations, GM not only improves the convenience of charging but also enhances the user experience by improving the design of charging stations (such as bright lighting and canopies). These measures help reduce drivers' charging anxiety and make the use of electric vehicles more convenient and reliable. GM's initiative sets an example for other automakers and infrastructure providers, demonstrating how to solve key obstacles in the process of popularizing electric vehicles through technological innovation and cooperation, and promoting the progress of the entire industry.
"Big Events"
Ford's Electric Mustang Mach-E Sales Surpass Gas-Powered Mustang for the First Time in 2024
Electric Mustang Mach-E (Source: Electrek)
Ford's electric crossover SUV Mach-E surpassed the sales of the fuel-powered Ford Mustang for the first time in 2024, becoming the second-highest-selling electric SUV in the United States, second only to the Tesla Model Y. In 2024, all of Ford's electric models set sales records, with annual sales reaching 97,865 units, a year-on-year increase of 34.8%. Mach-E sold 16,119 units in the fourth quarter, with annual sales reaching 51,745 units, while the fuel-powered Mustang sold 48,600 units, a year-on-year decrease of 9.5%.
Ford stated that in 2024, consumers were more inclined to choose electric models, driving growth and setting sales records. In addition, Ford's "Power Promise" program aims to showcase the true advantages of electric vehicles, such as starting with a full charge every morning, and providing 24/7 real-time electric support and active road rescue services. This program will continue until March 31, 2025.
Aptera Signs LG as Battery Supplier for Its Solar Electric Vehicle
Aptera has signed a new contract with LG Energy Solutions for LG to supply batteries for its solar electric vehicle, with deliveries expected to begin later this year. Aptera showcased its production-intent solar electric vehicle at CES this week, but apart from the showcase, there weren't many new updates. However, today Aptera officially announced its collaboration with LG Energy Solutions as the exclusive supplier of battery cells for its solar electric vehicle and its partnership with CTNS for battery pack assembly. This collaboration aims to enhance Aptera's production capacity, solidify LG Energy Solutions' market position as a trusted supplier, and strengthen CTNS' reputation as a key manufacturing partner in the US market.
Aptera Signs LG (Source: Electrek)
The agreement lasts from 2025 to 2031, and LG will supply 2170 format cylindrical battery cells, which will be assembled by CTNS and designed by Aptera. The agreement covers a battery capacity supply of 4.4 GWh, sufficient to support 100,000 vehicles. This is an ambitious goal for a small company that relies on crowdfunding and has not yet delivered vehicles. Aptera's co-CEO Chris Anthony said that this collaboration is a significant milestone in bringing solar electric vehicles to the market, and LG and CTNS bring unparalleled expertise. As part of the CES announcement, Aptera reaffirmed its plan to deliver the first vehicles by the end of the year, showcasing the production configuration of solar panels covering the vehicle's hood, dashboard, roof, and tailgate. It also stated that after driving 20 miles in a winter day in Las Vegas, the vehicle had more battery charge than when it started. Aptera claims to have received 50,000 vehicle reservations, with a reservation fee of $100 per vehicle (or $70 using an Aptera referral link). You can reserve a vehicle on Aptera's website.
Mazda to Export EZ6 Electric Vehicle Overseas with Prices Significantly Higher than Domestic Pricing
Mazda's electric sedan EZ-6 will be available in Europe this summer. The starting price of the vehicle in China is approximately $19,600, but the price in Europe is expected to increase significantly. Changan Mazda, Mazda's joint venture in China, has been selling the EZ-6 in China since October, with a starting price of 139,800 yuan (approximately $19,200) and a strong sales momentum.
Mazda EZ-6 (Source: Electrek)
In November, its first sales month, Changan Mazda stated that the EZ-6 was one of the top three sellers among joint venture sales of medium-sized New Energy Vehicles (NEV) in China. According to the Nikkei, Mazda will start exporting this $20,000 electric vehicle to Europe from this summer. Based on Changan Automobile's hybrid platform, the EX-6 offers EV and extended-range configurations in China.
The pure electric version has a CLTC range of up to 600 kilometers (372 miles). The imported models will have improved stability and controllability to adapt to high-speed driving on European roads. Mazda will showcase the updated EZ-6 at the Brussels Motor Show, which opens on Friday. Like many automakers, Mazda is also seeking to meet the European Union's Zero Emission Vehicle (ZEV) regulations to avoid huge fines. However, after the EU increased the import tariff on Chinese electric vehicles to as high as 45.3%, Mazda still needs to pay the fee.
Volvo Sells Nearly 100,000 EX30 SUVs in Its First Year and Prepares to Enter the US Market
Volvo's cheapest electric SUV, the EX30, has had a huge impact on sales despite its small size. In 2024, its first year on the market, Volvo sold nearly 100,000 EX30 models. With deliveries in the US starting, demand is expected to increase further in 2025. Volvo delivered the first EX30 models in December 2023 and expects this lower-priced electric SUV to become one of its best-selling models in the "coming years". This expectation has been realized earlier than expected, and the EX30 won the Electrek 2024 Electric Vehicle of the Year title.
Volvo EX30 (Source: Electrek)
Volvo announced this week that it set a new global sales record in 2024, selling more than 763,300 vehicles, an 8% year-on-year increase. The company reported a "significant increase" in sales of its electrified models. In 2024, Volvo sold nearly 352,800 electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs), a 33% increase from approximately 266,000 the previous year. Volvo