Cars and Drivers

In EV News: Tesla Sets Speed Record, Chinese EV Makers' May Sales and More

Tesla Inc.

Three of China’s top electric vehicle (EV) makers reported May sales this week, and all posted at least a doubling in the month’s sales compared with May of last year. That’s not quite as impressive as it sounds because all three were starting from a low base.

Nio Inc. (NYSE: NIO) said that the company delivered 6,711 vehicles in May, marking year-over-year growth of 95.3%. For the first five months of this year, deliveries have totaled 109,514 vehicles. Though hampered with difficulties in obtaining semiconductors, the company said it still expects to deliver its projected 21,000 to 22,000 vehicles in the current quarter.

Xpeng Inc. (NYSE: XPEV) reported 5,686 deliveries in May, an increase of 483% year over year. Year to date, the company has delivered 24,173 vehicles.

Li Auto Inc. (NASDAQ: LI) delivered 4,323 EVs in May, an increase of 101% year over year. Based on strong sales so far this year, the company expects to exceed the high end of its guidance range of 14,500 to 15,500 vehicles.

Comedian and former Tonight Show host Jay Leno said that he watched the new Model S Plaid from Tesla Inc. (NASDAQ: TSLA) that is scheduled to begin deliveries next week run a record-breaking time of 9.247 seconds at a racetrack in Bakersfield, California. The car reached a top speed of 152 mph.

The previous record, according to a report at Electrek citing Wikipedia, was set in 2018 by a Bugatti Chiron Sport that ran a quarter-mile in 9.4 seconds, reaching a top speed of 158 mph.

The second generation of Tesla’s Model S, including the Plaid version, is expected to have a range of around 390 miles, a top speed of 200 mph, and a 0 to 60 mph time of 1.99 seconds.

Bill Lowenthal, senior vice president of product for ChargePoint Holdings Inc. (NYSE: CHPT), a manufacturer of EV charging stations, said in an interview with CleanTechnica that “every parking lot ultimately needs to go electric.” In part one of the interview, Lowenthal comments on how people converting from internal combustion-powered vehicles have to change their thinking about refueling:

Unless you’ve driven an EV, you do not understand the fueling model. Most of the world thinks, ‘I’m gonna drive to fuel, and I’m gonna top off from a 0% battery, and how fast does that happen?’ Whereas, if you’ve driven an EV, you realize it’s a lot more like my cell phone — I fuel while parked, and I’m only replacing the fuel dispensed to get from Point A to Point B. So, I’m in a top-off environment, and I’m onboarding 80% of my fuel at home and at work. … That fueling model — of fueling while parked — is not well understood.

In part two of the interview, Lowenthal talks about the charging pyramid and the challenges to EV charging by people who live in multi-unit residential properties. The actual interviews are available at CleanTechnica.


Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.