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 […]
Tesla announced plans to make all Superchargers run with 100% renewable energy this year, and the company has taken a new step in that direction in one region of the world’s largest auto market. Reuters reported on Tuesday that U.S. electric automaker Tesla has installed its first solar Supercharger station in China, located in the […]
After a relatively slow April in the Chinese auto market for Tesla, the company has followed up with an impressive May, effectively tripling its sales year-over-year (YoY) within the country. According to data collected by the China Passenger Car Association (CPCA), Tesla sold 33,463 electric vehicles (EVs) in China throughout May, as reported by The […]
Tesla’s vehicles are considered some of the safest out there, but a new incident in East China’s Zhejiang Province shows that even a safe car can’t stop a driver from making mistakes – some of which are even fatal. A driver in a black Tesla sedan (allegedly a Model X via Silicon) struck a vehicle […]
Tesla’s Shanghai factory currently only produces the company’s Model 3 and Y electric vehicles (EVs), but a new filing in China indicates that may change at some point in the future. On Tuesday, @Ray4Tesla reported that Tesla China filed an application to trademark “Cybertruck” in China, according to an application filing dated May 18, 2021. […]
One of Tesla’s China-based suppliers will build a new electric vehicle (EV) battery plant in Shanghai, further promoting a growing EV base in the world’s largest auto market. According to people familiar with the matter, China’s Contemporary Amperex Technology (CATL) is planning to build an EV battery plant in Shanghai, which will help the company […]
