The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland buyers of the car, and some other…
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment. The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan…
Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world’s largest electric vehicle (EV) market amid increasing competition from domestic rivals. The new variant, dubbed the Model Y L, is set to debut this autumn, the US EV giant…
July 2 – Tesla (NASDAQ:TSLA) shares jumped more than 5% on Wednesday after the company reported a 0.8% year?on?year rise in China?made electric vehicle sales for June, ending an eight?month slide. Deliveries from the Shanghai factory, including domestic sales and exports, totalled 71,599 units, up from May’s pace by about 16%, data from the China…
Eve Energy, China’s fifth-largest producer of electric vehicle (EV) batteries, plans to raise fresh capital on the Hong Kong stock exchange, following the lead of its bigger rival Contemporary Amperex Technology (CATL) as international investors show a growing appetite for the country’s industrial gems. The Shenzhen-listed company said on Tuesday that its board had endorsed…
Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals, as buyers become more budget-conscious. Galaxy from Geely Auto and Xpeng’s Mona 03, which are priced at about 150,000 yuan (US$20,580), threaten to disrupt the pecking order in China’s EV sector. “Young, middle-income consumers favour…
Deliveries of pure electric and plug-in hybrid cars across mainland China plummeted 50 per cent to 206,000 units in the first 12 days of the year compared with the same period in December, according to the China Passenger Car Association (CPCA). The sharp decline follows a 42 per cent surge in sales last year, making…
Shanghai-based BYD Co (BYDDY, Financial), China’s largest new-energy car maker, is speeding up in the global auto industry and closing the gap with Ford in terms of sales volume. As a result of new demand and a high production expansion rate, BYD sales by the end of October increased by 36% compared with the corresponding…
Four major Chinese electric vehicle (EV) makers reported record monthly sales in October, buoyed by surging domestic demand, even as they grappled with barriers to overseas growth amid punitive tariffs levied by the European Union (EU). BYD, the world’s largest EV assembler, sold 502,757 pure-electric and hybrid EVs last month, up 66.5 per cent year…