China’s BYD Cuts Starting Price For Seal EV; Aims To Extend Lead
SHANGHAI (Reuters) -BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The…
Battle For China’s Electric SUV Market Heats Up At Home And Abroad
SHANGHAI, May 8 (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc (TSLA.O) and BYD (002594.SZ). The market, crowded with more…
China Prepares To Bolster EV Charging Infrastructure; Tesla Raises Model S, X Prices In China
China has proposed to fast-track the construction of charging facilities for new energy vehicles like electric cars and improve policies for purchasing and using them. China which boasts of the largest auto market is accelerating toward an electric future. Improved charging infrastructure for new…
Tesla Raises EV Prices Globally, With The Biggest Increase In China
Tesla has raised prices in its most important electric vehicle markets, including China and the United States, reversing a series of recent price cuts that have pushed the company’s profit margin to the lowest since 2020 and sparked a price war. The US car…
Tesla’s Chinese Rivals Set New Records
Tesla’s competition in the electric vehicle market has been heating up over the past two years as more EV manufacturers ramp up production and deliveries. Elon Musk’s Austin, Texas-based company has seen its share of the EV market shrink from…
China Regulator Says Tesla Recalls More Than 80,000 Cars
Tesla Inc is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese market regulator revealed on Friday. The U.S.-based electric car maker has recalled…
Tesla Price Cuts Are Resulting In Cancellations For China EV Brands
Tesla’s recent price cuts in China are reportedly resulting in “significant cancellations” for Chinese EV brands. However, deliveries are down month-to-month in October. Last month, Tesla announced some significant price cuts for the Model 3 and Model Y in China….
Chinese EV Maker Xpeng Debuts Most Advanced Semi-Autonomous Driving System To Rival Tesla
Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off XNGP, its latest advanced driver-assistance system, or ADAS. The software…
Tesla Won’t Manufacture In India Unless Allowed To Sell, Service Cars: Elon Musk
American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, company founder…
Tesla Giga Shanghai Expected To Reach 90,000 Monthly Production Rate
Tesla’s Giga Shanghai is expected to reach 90,000 monthly production rate after its upcoming expansion according to a report shared on Twitter. @Umbisam shared a screenshot of a statement by Cui Dongshu, the Secretary-General of the NCPA (national passenger car…
