While Tesla has been known to change its pricing from time to time, price drops are a welcomed occurrence for every prospective buyer – and the newest price drop could stand to benefit Tesla fans in China. Tesla has reduced the price of the Standard Range Model 3 in China according to its online order […]
Earlier this year, a company executive said that all Tesla Supercharger energy will become 100 percent renewable in 2021, and after taking the first steps in that direction, the company has officially shared a new video showing off its first solar Supercharger station. Just a few weeks after Tesla launched its first solar-powered Supercharger in […]
Just weeks after Tesla’s China release of the cheaper standard-range, rear-wheel-drive Model Y, the company is still facing increased competition in the world’s largest auto market, where local electric vehicle (EV) company Xpeng Motors has released pricing for a new vehicle that undercuts Tesla’s lineup. Xpeng Motors unveiled its P5 electric sedan in April, and […]
Earlier this year, the Chinese government banned the use of Tesla’s vehicles for the military and on the premises of certain office buildings, due to concerns about the privacy of the vehicle’s stored footage. Tesla fans in China are buying pre-owned Model 3 units for up to 50,000 yuan ($7,731 USD) less than buying a […]
Tesla China is seeking legal recourse against the owner of a Model 3 who claimed that his vehicle was “out of control,” and alleges it was a “brake failure,” as reported by Teslarati. The indictment was sent just a few days ago, after the user posted the alleged failure on Weibo. When posting the alleged […]
As Apple’s upcoming autonomous electric vehicle (EV) comes closer and closer to fruition, the company is considering which companies should supply its components, and a new update signifies that it may have eyes on companies from Taiwan. Apple is considering working with Taiwanese manufacturers rather than those in China for its upcoming Apple Car batteries, […]
According to statements on Friday from the China Passenger Car Association (CPCA), Tesla’s June sales fell slightly in June compared to May, reports Reuters. Tesla sold a total of 33,155 China-made vehicles in June, both exported and sold in China, while the company sold slightly more at 33,463 units in May. These were vehicles made […]
Tesla’s Model Y Standard Range rear-wheel drive (RWD) was short-lived in Canada and the USA, but the entry version of the company’s compact crossover SUV is now making its debut in Mainland China, following a recent release in Hong Kong. BREAKING: @Teslacn has just introduced MIC Model Y Standard Range RWD, starting ¥276k. Est delivery […]
Automakers in China are releasing their sales numbers for Q2 this week, and new updates from Li Auto show that the company is reaching new all-time highs, even coming out of the global chip shortage. On Friday, Li Auto said that its June deliveries of the Li One hit a monthly high of 7,713 deliveries, […]
As electric vehicles (EVs) continue to rise in popularity across global markets, battery metals are also increasing in demand, effectively powering China’s lead in the production of battery metals – with lithium-ion battery demand expected to see a sevenfold increase over the next nine years. According to a Wednesday report from Bloomberg, lithium-ion battery demand […]
Louis Navellier, Chief Investment Officer at asset management firm Navellier, believes homegrown electric vehicle (EV) maker NIO is poised to replace Tesla as the market leader in the Chinese region — reports The Street. “Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” Navellier wrote in his bold […]
The financial analysts at UBS Global have adjusted their Tesla price target, based on concerns with rising local competition in China, reports Yahoo! Finance. While UBS maintained its ‘neutral’ rating on Tesla’s stock, the firm adjusted its price target down from $730 USD to $660 USD. In addition, UBS Global has also reduced its EPS […]
Tesla’s software updates often subtly change the functionality of its cars, and a recent update following a “safety recall” in the country has upgraded the company’s cruise control mode to become more engaging for drivers. A new over-the-air (OTA) update in China’s Tesla vehicles features audible alerts when the driver enters or exits the car’s […]
Tesla ‘Recall’ in China to Push Over-the-Air Software Update to 300,000 Cars Chinese regulatory authorities announced on Saturday that Tesla would remotely “recall” close to 300,000 Model 3 and Model Y units in the region for an online software update that has to do with assisted driving — reports CNBC. Tesla is able to address […]
China-based Xpeng Motors was called one of Tesla’s best rivals for global market share by JP Morgan, and according to a new update, the company has announced major offerings into its growing electric vehicle (EV) business. On Thursday, Xpeng Motors said it plans to offer 85 million Class A shares of the company, which will […]
