Tesla launched the CyberVault on April 3, a Cybertruck-inspired 13kg box with integrated EV home charging which is tailor-made for the Chinese market.
The CyberVault operates on 220 V and is compatible with all Tesla models. It has a maximum charging current of 32 A and can deliver up to 7 kW of power. The package includes a 6-meter long charging cable, and the device supports plug-and-charge, timed charging, and on-time departure functions. Additionally, users can detach the charger body from the box and use it as a mobile charging connector by purchasing an exclusive 8A adapter.
Tesla is offering a complete home charging package for 5,500 yuan ($800), which includes installation. The package consists of the Tesla CyberVault charging pile, cables that extend up to 30 meters, foundation construction, surveying services, design and quotation of construction plans, charger installation and power transmission debugging. Additionally, customers will receive up to 12 months warranty on the installation work and all necessary auxiliary materials required during the cable construction process.
Tesla claims that the product is made through an integrated stamping process and features a body composed of high-strength, low-carbon steel. A video released by the automaker demonstrates the charger’s ability to endure water, dirt, hammers, and even steel balls.
Tesla’s fourth-generation supercharging stations have been launched in the Netherlands, but they are not yet available in China. These V4 charging stations allow Tesla owners to charge their vehicles for about 100 kilometers of driving within just five minutes and add approximately 250 kilometers of driving range with a 15-minute charge.
The new energy vehicle market is thriving, leading to rapid growth in the vehicle power industry chain. This includes on-board power supply, charging pile power modules, connectors and cables. Guotai Junan Securities reports that global sales of new energy vehicles reached 10.5 million units in 2022, but there are only 1.8 million public charging piles worldwide – most of which are located in China.
To achieve their goals by 2030, the International Energy Agency (IEA) estimates that over 22 million electric light-duty vehicle chargers need to be installed annually and global charging infrastructure needs to increase by more than twelve times. The IEA predicts that demand for charging electricity may exceed 750TWh by this time and private charging stations can meet about 65% of energy demand.
Tesla reported on April 3 that it had produced a total of 440,800 electric vehicles worldwide in the first quarter of 2023, marking a year-on-year increase of 44.3%. The company also announced via its official Weibo account that it plans to shift towards more balanced mass production for different regional markets. As part of this strategy, Tesla will be shipping Model S/X vehicles to both the EMEA region (Europe, Middle East and Africa) and Asia-Pacific region.