A new electric pickup is coming to global markets. BYD is launching its first electric pickup soon after confirming it will go by the name “Shark” in its latest teaser, revealing a Ford F-150 Lightning look up front.
The electric truck we’ve been waiting for?
We’ve been waiting for BYD’s electric pickup for about two years after rumors swirled out of local media reports in 2022.
The electric pickup was spotted by CarNewsChina for the first time at BYD’s facility in November 2022. Over the past two years, we’ve seen a sneak peek of the EV truck testing several times during road tests.
A leaked patent this past October revealed the electric pickup’s design. Designed by ex-Lamborghini and Audi designer Wolfgang Egger, the truck resembles the Ford F-150 Lightning or Toyota Hilux with four doors, rugged fenders, and a big “BYD ” logo on the front grille.
More recently, BYD’s highly anticipated right-hand drive model was spotted testing in Australia as the brand kicks its overseas expansion into overdrive.
BYD teases new Shark electric pickup ahead of its debut
In its latest teaser, BYD confirmed the electric pickup will go by the name “Shark.” It also showed the pickup’s Ford F-150 Lightning-like full-length light bar and stacked headlights.
BYD announced on social media that the Shark electric pickup with DMO technology is coming soon. Its DMO super hybrid off-road platform, used for the Fang Cheng Bao Bao 5, is designed for off-road PHEVs.
With a four-wheel electric drive system, the truck can shift torque from front to rear for better off-road performance.
BYD’s DM tech offers up to 245 hp (180 kW) max power and up to 745 miles (1,200 km) CTLC combined range.
A BYD spokesperson confirmed to Electrek that its first electric pickup will be a mid-to-large size model developed for global markets. It’s expected to be bigger than the Toyota Hilux as it looks to meet the growing demand for EV pickups.
Speaking of Toyota’s Hilux, the company plans to launch an all-electric version by 2025 to fend off growing competition. Japanese rival Isuzu also plans to launch an electric version of its best-selling D-MAX pickup.
Electrek’s Take
Although BYD is best known for its low-cost electric cars, like the Dolphin or Seagull, it is expanding into key segments like mid-size SUVs, luxury, and pickups.
BYD’s Shark electric pickup will meet the growing demand in China and global markets. It will compete with Geely’s Radar RD6, which accounted for 61.5% of the electric pickup market in China last year. Radar began exporting RD6 models overseas late last year.
The Shark will look to take market share from Toyota’s Hilux and Isuzu’s D-MAX in key markets like Thailand, Australia, and South Africa.
BYD’s electric pickup could also be sold in South America and Europe as the company looks to expand its brand in these regions.
The fact that BYD released the new name in English (in addition to its Chinese social media) is telling. Especially as it promotes itself as an official partner of UEFA EURO 2023.
It will rival Ford’s F-150 Lightning, which landed in Norway in February, its first market outside North America. Ford plans to launch the F-150 Lightning in additional European markets like Switzerland.
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Tesla (TSLA) has introduced a new direct discount for the Model Y in China as the latest of a series of incentives to boost demand during this critical end-of-quarter push.
The automaker regularly offers discounts at the end of every quarter, but the incentives to boost demand have been the most wide-ranging ever this quarter.
Over the last month, we have been documenting the many sale incentives and discounts that Tesla has put in place to ensure it creates the demand for a record quarter.
Tesla aims to deliver a record number of more than 515,000 vehicles in Q4 in order for its sales not to be down for the whole year. That’s ~30,000 more vehicles than Tesla’s last record quarter, which was Q4 2023.
And everywhere, Tesla is heavily subsidizing loans with lower interest rates. That has been the main incentive in China, Tesla’s biggest market, until now.
Tesla’s New Discount in China
Today, Tesla announced that it is offering a ¥10,000, the equivalent of $1,380 USD, discount on the final payment for new Model Y vehicles:
The new discount can be combined with Tesla’s subsidized 0% interest financing, which has been Tesla’s main incentive in China all year.
Electrek’s Take
Based on insurance data, Tesla is tracking ahead of last year’s deliveries in China, but it is going to need to beat its last record by a significant margin to make sure not to be down for the whole year.
Model Y is Tesla’s most popular vehicle, but Tesla is also going against the expectation of the design refresh coming early next year, which can negatively affect demand.
This discount is likely to combat that and maintain Tesla’s current good momentum in China.
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We now have more details on the massive recall, which just keeps growing. Hyundai and now Kia are recalling more than 208,000 electric vehicles in Canada and the US to fix a problem with the loss of driving power, which can increase the risk of a crash.
For the second time this year, the automakers are recalling huge swathes of EVs and other “electrified” vehicles in North America, citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
In the US, Hyundai is recalling 145,235 EVs, including the 2022 through 2024 Ioniq 5, the 2023 through 2025 Ioniq 6, GV60 and GV70, and the 2023 and 2024 G80. In Canada, Hyundai is recalling 34,529 vehicles that were produced between March and November of this year, according to Automotive News Canada.
As for Kia, the recall includes close to 63,000 Kia EV 6 vehicles from 2022 through 2024 in the US, but the company has yet to offer details on its Canada recall.
It looks like the issue stems from “the integrated charging control units in these vehicles, which may become damaged and fail to charge the 12-volt battery. This malfunction could lead to a complete loss of drive power, posing safety risks for drivers,” the NHTSA stated.
Back in March, Hyundai, Kia, and Genesis issued a similar recall for 147,110 electric vehicles – that recall centered, again, around damaged integrated charging control units failing to charge the battery.
The South Korea automaker has said that all owners of affected vehicles will be notified by letter mail on the next steps to take. This will involve bringing your vehicle to one of the company’s dealers to inspect and replace the charging unit and its fuse if necessary, along with performing a software update for the charging units.
Importantly, no crashes, injuries, fatalities, or fires due to this issue have been reported in the US or Canada, Hyundai reported.
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A group of Tesla vehicles spotted under covers at the automaker’s test track at the Fremont factory is raising some questions.
Tesla has a very small test track on the ground of its first factory, Tesla Fremont, in California.
Now and again, people fly drones over the factory and catch glimpses of new cars being tested. Youtuber ‘Met God in Wilderness’ is one of those drone pilots who regularly fly over the factory and while he didn’t catch vehicle being tested, he did catch some curious vehicles under covers next to the track:
The vehicles are all covered, and therefore, it’s hard to tell exactly what they are, but the different shapes are intriguing and raise some questions.
It looks like three, maybe four, different kinds of vehicles:
We know that Tesla is working on three new specific vehicles: a Model Y design refresh, and two new cheaper models based on Model 3 and Model Y.
All three vehicles are expected to be unveiled early next year.
Electrek’s Take
At the risk of stating the obvious, getting much information from vehicles hidden under cover can be hard. It’s even possible that some of those have shape camouflage, which is sometimes used by automakers – although I don’t remember Tesla ever using that.
So here are my best guesses. Take them for what they are: guesses.
The most interesting ones to me are the first two on the left in the picture above. The last vehicle on the left looks like it could be a smaller Model 3.: