Tesla Rival Xpeng Acquires Chinese Giant DiDi’s Smart EV Assets For $744 mn
In a bid to challenge Tesla’s dominance, ride hailing giant Didi Global on Monday sold its smart EV assets to electric vehicle company Xpeng for nearly $744 million. DiDi Global and XPeng jointly announced a strategic cooperation where the two…
With Tesla Push, India Mulls Import Tax Cut If EV Makers Build Locally
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The…
Nikkei Analysis Finds Tesla Relies On China For 40% Of Battery Supply Chain
An analysis by Nikkei in Japan concludes that nearly 40% of the suppliers for materials used in Tesla’s electric vehicle batteries are Chinese companies. Nikkei sent a letter to Tesla asking about its dependence on Chinese suppliers but said that it had…
Tesla Relies On China For 40% Of Battery Supply Chain
Nearly 40% of the suppliers for materials used in Tesla’s electric vehicle batteries are Chinese companies, a Nikkei analysis finds, underscoring China’s strong presence in a strategically important sector. China was the largest supplier of materials for the lithium-ion batteries used in Tesla’s…
BYD Atto 3 Electric SUV Outsold Tesla Model Y In Sweden Last Month
The Tesla Model Y was Europe’s best-selling car overall in the first half of this year, but competition from Chinese automakers is already starting to show its teeth. While it may or may not be a sign of things to…
Tesla’s China deliveries fell To a 2023 Low in July
Tesla (NASDAQ:TSLA) is on watch Thursday after data from the China Passenger Car Association indicated the electric vehicle maker sold 64,285 China-made electric vehicles during the month of July. While the EV tally was up 128% from a year ago…
Tesla And Chinese Car Manufacturing Clock Massive Milestone
Tesla’s Shanghai GigaFactory in China has confirmed that its 1,000,000th Model Y rolled off the production line earlier this month – a milestone that only took some 30 months to complete. Launched in the US several years ago and in right-hand drive…
$1 Billion Factory In India, Sodium-Ion Batteries In China
Tesla announced it plans to construct a manufacturing plant in India which will produce a car that sells for under $25,000. And why not? India is the largest country in the world by population and has the fourth largest new car market….
Tesla Luxury Rival Cadillac Unveils a Cheaper Electric Vehicle
The luxury automobile market in the US is led by the electric vehicle industry’s overall production and delivery leader Tesla (TSLA) – Get Free Report, after the Austin, Texas, automaker overtook the 2021 No. 1 luxury seller BMW to become as the top luxury car…
Tesla And BYD Both Seeking To Make Affordable EVs In India
India is the world’s third-largest new-car market, after China and the U.S., and the two leading EV makers are looking to tap it with affordable models. Tesla is discussing an investment deal with the Indian government that would see the…
