Tesla mentions…
- 2025 Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)
- Hyundai has upgraded its best-selling EV with more range (now up to 318 miles), a fresh new style, and a built-in NACS port, allowing you to recharge at Tesla Superchargers.
- Tesla Model Y is already feeling the pressure of Xiaomi’s YU7
As long as they have no choice but to mention Tesla I’m happy!
Why don’t they mention Lucid or … what’s that other has-been?
The Captain
Likely because Tesla sales have plunged 13% compared to last year?
IMO China EV market space has reached saturation level. I know BYD has cut production in China factories. Other Chinese EV makers will follow. There is a overcapacity of EV production for the China market space.
China no longer can absorb new EV production.
The US is the logical new battle ground for sales.
https://electrek.co/2025/03/11/elon-musk-tesla-double-us-production-lets-do-the-math/
As foreign EV makers build factories within the USA. Tesla EV sales will continue to fade.
And tariffs favor production in the U.S. Hyundai has the finances and technology and a sales marketing distribution service network to build on.
BYD seems a likely player in the U.S. but they start from ground zero. Will take some time to make a dent in the market.