Tesla Apologized Profusely For The Fuss, Claiming Coronavirus Delayed The Availability Of The Latest Chip
Tesla stirred up a hornet’s nest in China by promising customers their Model 3 cars built in Shanghai would come with the company’s version 3 self-driving computer chip but then delivering cars that have only the last-generation version 2.5 chip…
Nio, The Tesla Of China, Surges After Reporting Strong Vehicle Deliveries For Q3 (NIO)
Nio, known as the Tesla of China, is gaining after reporting solid vehicle delivery numbers for the third quarter. Shares of the electric vehicle maker surged as much as 11.33% in early trading on Tuesday after the company reported that…
Asia’s Former Richest Man Faces Debt Crunch While Chasing Electric Car Dream
Real estate tycoon Hui Ka Yan is pushing ahead with his ambitious plan to become the Elon Musk of China by ploughing billions of dollars into electric vehicles, but the venture looks increasingly risky as funding becomes scarce and China’s slowing economy…
Chinese Electric-Car Maker Nio Is Fighting For Its Survival
Nio on Tuesday said it needed to raise $200 million from chief executive William Li and the Chinese gaming giant Tecent, one of its largest shareholders, after it burned through cash at a faster rate in the second quarter. The company…
Hyundai Electric Kick Scooter Revealed
Hyundai Motor Group has developed a new prototype electric kick scooter. Building on its initial concept presented at CES 2017, the new model boasts rear-wheel drive, a highly-capable lithium battery and stylish front and rear lights. The latest concept features…
Will Trump’s Duties On China-Made Rechargeable Batteries Cause Drones, Phones, Toys and Electric Cars To Run Out Of Power?
American manufacturers of rechargeable electronic devices will be scrambling with a dilemma starting Monday: pass a 15 per cent import duty on China-made batteries to customers, or find alternative sources from China to power their smartphones, drones, or electric vehicles….
Why Tesla Prices In China Will Eventually Come Down
The trade war is taking a toll on almost all businesses across sectors and geographies. US automakers, including Tesla (TSLA), are one such sector—and they’re feeling twice the heat due to slowing demand in the US and China and uncertainty…
Volvo’s Polestar Opens Factory In China To Export To Europe, US
Volvo Cars’ performance electric car brand, Polestar, has opened a factory in western China to produce a gasoline-electric hybrid for export to Europe and the United States. Polestar CEO Thomas Ingenlath said Tuesday exports of the two-door, carbon fiber Polestar…
China Announces Tariff Hike On $75 Billion Of US Products
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also…
Electric Car Gold Rush: The Auto Industry Charges Into China
In a drab industrial zone of western Shanghai, amid factories that each year crank out hundreds of thousands of gasoline-powered cars, transmissions, and engines, the world’s largest automaker is racing to finish a new sort of plant, one that will…
