EV Daily | Tesla Plans Affordable Model Y Amid Tariff Concerns; BYD's U7 to Bolster Luxury Lineup

【Tesla】

Tesla is developing affordable electric vehicles based on the Model Y’s platform due to underutilized production lines. A new lower-priced Model Y is expected to launch in China, contingent on the demand for the refreshed Model Y. This vehicle model will feature simplified configurations to boost production efficiency. Tesla's production lines in the US and Germany are also underutilized, indicating potential launches in other markets. However, investors should be cautious as these new models may cannibalize existing Model 3/Y sales.

Tesla criticized US tariffs amid the trade war, warning they could lead to retaliatory actions affecting the automaker. A letter to the US Trade Representative highlighted downstream impacts of certain trade policies on Tesla’s manufacturing operations, reiterating the company’s reliance on Mexican and Canadian parts. Tesla is facing exclusion from certain Canadian rebate programs due to these tariffs, reflecting broader geopolitical tensions.

Tesla's Cybertruck deliveries are currently on hold due to issues with the cantrail trim, which covers the roof ledge. This containment hold is intended to address the problem before vehicles reach customers. Previously, trims detaching while driving led to a recall. The issue involves misalignment of the left body controller, potentially causing power-off events. The hold is delaying delivery appointments, yet a public service bulletin has not been issued.

【BYD】

Yangwang, BYD’s luxury sub-brand, is launching its U7 sedan, boasting significant battery range and high-performance specs. The U7, featuring BYD Blade batteries, promises 720 km of range and will be unveiled in March. Yangwang previously released the U8 SUV and U9 supercar, with the latter showcasing the brand’s technological prowess. The U7 will feature DiSus-Z technology for advanced body control and safety enhancements, allowing the vehicle to maintain stability under challenging conditions.

BYD continues to lead the EV market in China, with sales surging and a focus on international expansion. The automaker has already sold over 130,000 EVs overseas this year, supporting its growth strategy amid booming domestic sales.

【Others】

GM Energy has partnered with PG&E for a pilot program offering incentives for home energy management products, integrating vehicle-to-grid capabilities. Customers can receive significant discounts on GM Energy products, including EV chargers, and are encouraged to sell excess energy back to the grid. The program aims to expand bidirectional charging installations across California, demonstrating benefits for grid resiliency and reducing EV ownership costs.

The Cadillac Optiq EV has seen a lease price reduction, making it one of the most affordable electric SUVs from GM. With a driving range of up to 302 miles and fast charging capabilities, the Optiq offers varied trims with luxury features and competitive pricing. GM also offers deals on other EV models, including the Chevrolet Equinox, Blazer, and Silverado EVs.

ChargePoint has introduced new DC fast charging stations in New York, supported by NYSERDA funding. These stations aim to expand EV infrastructure, particularly in underserved communities, highlighting the role of public-private partnerships in accelerating charging infrastructure deployment. Despite federal hindrances, state-level initiatives continue to advance EV charging solutions.

Mercedes-Benz unveiled the electric CLA, a compact sedan featuring advanced technology and impressive range. Powered by EQ technology and new battery cells, the CLA offers up to 492 miles of driving range, with fast charging capabilities. The vehicle introduces new infotainment systems with integrated AI, enhancing user experience with features like Google Cloud’s navigation AI. The CLA will be available in multiple versions, emphasizing luxury and technological innovation.

The electric Tacoma and 4Runner may be part of Toyota’s EV lineup expansion, hinting at future launches in the US. The Japanese automaker has introduced new EV models in Europe and is investing in a production plant in Kentucky for its first three-row electric SUV. Toyota’s strategy suggests potential EV versions of popular US models, aiming to boost domestic EV sales.

BETA Technologies demonstrated its eCTOL aircraft in Utah, showcasing the potential for advanced air mobility solutions. The aircraft completed successful flights at several airports, emphasizing quiet and efficient electric mobility. BETA plans to establish a statewide charging network and integrate air mobility into Utah’s transportation sector, aiming for full-scale operations by the 2034 Winter Olympics.