Tesla’s Strategic Move into Battery Manufacturing in China Tesla Inc. has made a significant move in China’s rapidly growing electric vehicle market by acquiring land in Shanghai to build a megapack battery manufacturing plant. The American electric vehicle (EV) giant…
The EV Dilemma: China’s Dominance Meets U.S. Resistance As the world convenes in Dubai to address carbon emissions, the shift from gas-powered to electric vehicles (EVs) hits a geopolitical impasse, according to Axios. Two-thirds of the world’s EVs are made…
BYD Enhances Reward System to Counter Smear Campaigns China’s leading electric vehicle manufacturer, BYD, announced on Sunday that it is making its tipster reward system permanent. This initiative offers up to 5 million yuan ($700,918) to individuals who provide credible…
Tesla’s Sales Dip in China Amidst Intensifying EV Competition Tesla, the renowned U.S. automaker, experienced a significant 17.8% drop in sales of its China-made electric vehicles (EVs) this November, marking the largest decline since December 2022. The China Passenger Car…
Market Debut Challenges for Foxconn’s EV Unit Foxconn’s foray into electric vehicles encountered a bumpy start as Foxtron Vehicle Technologies, its dedicated EV unit, stumbled in its market debut. Despite recovering from an initial 9% drop, shares reportedly closed down…
The Pivotal Meeting in San Francisco In an important development for the electric vehicle (EV) industry, China’s President Xi Jinping met with Tesla CEO Elon Musk in San Francisco. During the meeting that took place on Wednesday, President Xi reportedly…
Tesla Inc. has recently adjusted the pricing for its high-performance Model Y SUV in China, marking up the cost by 14,000 yuan ($1,913.88) effective from a recent Friday, as announced through a social media notice, according to Reuters. This move…
When you think of innovation and electric cars, Tesla undoubtedly comes to mind. Their latest move? Securing a spot for their grandest sales and service center in China. Nestled in the heart of Shanghai’s thriving Pudong district, Tesla’s new venture…
Imagine a company selling a revolutionary product at a substantial loss, yet soaring high on the global stage. Welcome to the electrifying world of Nio, a beacon of China’s ambitious foray into electric vehicles (EVs). Despite every car sale drilling…
The electric vehicle (EV) sector witnessed a new chapter of disputes as the European Union (EU) unveiled its investigation into Chinese EV subsidies. China, however, has voiced its concerns, indicating the depths of the growing rift between the two economic…
All About the Updated Model Y from Tesla In a fresh move to entice car enthusiasts, Tesla, the renowned U.S. automaker, has introduced an updated Model Y in China. This launch, however, isn’t about skyrocketing prices. In fact, the price…
When cruising the roads in an electric vehicle (EV), such as a Tesla Model 3, you might notice something—a heightened awareness of wind and road noise. This is because, unlike the roar of traditional internal combustion engines (ICE), EVs run…
