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 is reportedly continuing to reduce its reliance on China, largely through avoiding the effects of tariffs. On Wednesday, the EV giant reportedly a $4.3 billion contract with South Korea-based LG Energy Solution for lithium iron phosphate, or LFP, batteries to be used in energy storage systems over three years. LG Energy Solution on Wednesday…
As a result, SungEel HiTech — one of only two battery recycling companies listed on Korea’s tech-heavy Kosdaq — has faced falling profitability and declining free cash flow for two consecutive years. South Korea’s leading industrial players are ramping up their efforts in the electric vehicle (EV) battery recycling sector, reflecting growing expectations that the…
In This Story The world’s largest EV battery maker just shook the global financing stage with its IPO in Hong Kong. CATL, or Contemporary Amperex Technology Co., Ltd., saw its shares surge 16% on Tuesday, raising $4.6 billion in the world’s largest public offering so far this year. How Trump’s tariffs could make your iPhone…