Tesla has a new rival for Nissan’s Infiniti electric car

Tesla (TSLA)- Get Free ReportThe electric vehicle industry leader produces and ships more EVs each year than its competitors, and has a firm grip on the market.

The company is preparing for its deployment cyber truck pickupIt’s Tesla’s first new model since it launched the Model Y SUV in March 2019, and is slated to go on sale in Q3 2023. The new car could add tens of thousands of EVs to Tesla’s annual sales.

Forget Tesla – we’re all in on this EV stock

The Austin, Texas-based EV manufacturer leads the world in total electric vehicle deliveries in 2022, with more than 1.31 million vehicles delivered, a 40% increase over 2021 levels. Tesla plans to build about 1.8 million vehicles this year and has a long-term goal of selling 20 million EVs annually by 2030.

Tesla has a lot of competition

general motors (GM)- Get Free ReportThe company expects to produce an estimated 150,000 EVs annually.ford (F.)- Get Free ReportWe will sell 61,575 EVs in 2022,Annual production capacity utilization rate 150,000 Earlier this year, the Dearborn, Michigan automaker announced it had begun ramping up production of the Mustang Mach-E to reach its annual production capacity utilization target of 210,000 units by the end of the year.

Stellantis (STLA)- Get Free ReportReported sold in total 288,000 battery electric vehicles worldwide The company commits to dedicating 100% of its vehicle sales in Europe and 50% of its vehicle sales in the U.S. to battery electric vehicles by 2030, with 75 BEV models and 5 million BEV sales completed. are doing. The company plans to become a 100% electric car. By 2038.

BYD (Biddy) China-based Tesla’s biggest global rival delivered more than 911,000 EVs and 946,000 plug-in hybrids in 2022. The Shenzhen, China-based company is preparing to increase that volume soon on June 9. Launched fifth sub-brandFang Cheng Bao will offer a range of EVs, including off-road vehicles, sports cars and its first model, a sport utility vehicle, codenamed SF.

Nissan (Sunny) became a pioneer in the EV industry with the introduction of one of the first mass-produced EVs, the Leaf, in 2010. However, the Japanese company has announced that it will phase out the Leaf over the next few years and replace it with a new car in 2026. Electrec reported.

Nissan launched the Ariya crossover/SUV last year in hopes of marking the start of its EV production expansion. However, the company announced on March 1 that 1,063 of the 2023 Ariya Electric SUVs had been found to be missing bolts on the steering wheels, which could lead to loss of steering control and increased risk of collisions. faced a minor problem with the voluntary safety recall of the

Infiniti finally enters the EV market

The company’s luxury car division, Infiniti, has been a late entrant into the EV industry, but took a big step on June 23 with a brand overhaul that included a new logo, a modernized showroom and a new concept electric vehicle the company is expecting. was introduced. It will be ready for general sale in 2026, Electrek reported.

The redesigned Infiniti EV sedan features a longer wheelbase, shorter overhangs, new headlight and taillight designs, a single light strip across the width and a Porsche-like rear. It will be produced at the Canton, Michigan plant along with the new crossover EV.

https://www.thestreet.com/electric-vehicles/tesla-has-new-rival-from-nissans-infiniti-electric-vehicle Tesla has a new rival for Nissan’s Infiniti electric car