Cross-border Archives - Page 4 of 37

Missfresh Raises $27M in New Financing, Stock Price Surges 100%

Missfresh secures $27 million in new financing, with stock price surging over 100%.

BYD Opens Eight Stores in Japan Within Six Months

July 31st news, BYD Japan announced that its authorized dealer Wing will open the store 'BYD AUTO Yamanashi' in Kofu City, Yamanashi Prefecture on August 4th. This is also BYD's eighth store in Japan.

Tesla Roadster Pure Electric Sports Vehicle Has Again Open Reservations in China

On May 31st, it was reported that Tesla China reopened the reservation page for the new Roadster electric sports car on the evening of May 30th. The deposit remains at RMB 332,000 (about $46,700 USD) and can be refunded at any time before delivery.

Tesla Begins Sale of China-Made Model 3 and Model Y in Canada

Tesla has started selling the Model 3 and Model Y vehicles made in China in Canada, marking the completion of the company's first batch of shipments from its Shanghai factory to North America.

Amazon China Will No Longer Provide App Store Services Starting July 17

Amazon Appstore has sent out an email reminder stating that starting from July 17, Amazon China will no longer provide App Store services.

Tesla China Recalls Over 1.1 Million Vehicles

Starting from May 29, 2023, Tesla China will recall a total of 1,104,622 imported Model S, Model X, Model 3 and domestically produced Model 3 and Model Y vehicles manufactured between January 12th, 2019 and April 24th, 2023.

Porsche to Accelerate the Development of Autonomous Driving in China’s Hefei

The local official of Hefei, Anhui Province recently announced that Eberhard Weiblen, President and CEO of Porsche Consulting, visited the city. This news has led to market speculation that Porsche may establish its first vehicle production factory in China.

Tesla Denies Rumored Production of New Model 3s in China

On May 9, it was reported that the upgraded version of Tesla Model 3 will begin mass production in Shanghai on June 1 of this year. Several photos of the new Model 3 were also leaked at the same time.

LinkedIn to Close Local Jobs App in China on Aug 9

LinkedIn, which had previously shut down its social networking features in China two years ago, announced on May 9th that it has decided to discontinue InCareer, its local job application in China, effective August 9th.

Citrix and Radware Reportedly to Withdraw from the Chinese Market

Citrix, a cloud computing and virtualization technology company, and Radware, a provider of cybersecurity and application delivery products, have downsized their teams in China considerably and may even exit the market entirely.

Tesla China Raises Prices of Model S and Model X by $2,747

Tesla announced on May 5th that it would increase the prices of Model S and Model X by 19,000 yuan ($2,747) effective immediately in China. As a result, the starting price for Model S is now 808,900 yuan while the starting price for Model X is 898,900 yuan.

Will Chinese EV Makers Follow Tesla’s Lead in Raising Prices?

On May 2nd, Tesla's website displayed a global price increase for its electric vehicles. This comes after multiple price cuts earlier this year. The starting prices of Model 3 and Model Y have both risen by 2,000 yuan ($289) in China.

Tesla’s Superchargers in Mainland China Are Open to Other NEVs

On April 25th, Tesla opened its charging network to other non-Tesla new energy vehicles in mainland China for trial. The first batch of trials includes 10 Tesla supercharging stations that are open to 37 non-Tesla vehicle models.

Tesla’s Q1 Revenue in China Reaches $4.89B, YoY Increase of over 5%

Tesla's Q1 total revenue was $23.329 billion, as per documents submitted to the US Securities and Exchange Commission (SEC) on April 24th. Notably, Tesla's revenue in China in Q1 amounted to $4.891 billion with a year-on-year growth rate of 5.18%.

Vice President of Vehicle Integration & Concepts of Mercedes-Benz to Serve as CEO of Beijing Benz

To enhance Mercedes-Benz's research and development capabilities in China, Beijing Benz, a joint venture between BAIC Motor and Mercedes-Benz that manufactures automobiles, will appoint a new president with extensive R&D experience.

LEGOLAND Shenzhen Resort Opens in 2024

On April 18th, it was announced that the main structures of the three major themed hotels in LEGOLAND Shenzhen Resort will soon be topped off. It is expected to be completed and put into operation by 2024.

Qualcomm Collaborates with EnlightXR to Accelerate Expansion of XR Ecosystem in China

Qualcomm is actively promoting its XR ecosystem in China. On April 17th, it announced a collaboration with EnlightXR to provide localized services and technical support for Snapdragon Spaces XR developer platform.

Tesla’s New Megapack Battery Factory in Shanghai Starts Recruiting

Tesla has started recruiting for its new factory in Shanghai, China that will produce Megapack large-scale energy-storage units.

Xiaomi Opposes Being Listed As An “International War Sponsor” by Ukraine

On April 13th local time, the National Anti-Corruption Bureau of Ukraine announced on its official website and Twitter that Xiaomi has been included in the list of "International War Sponsor".

Airbus Inks 160 Aircraft Deal in China, to Open New Assembly Line

On April 6, Airbus, a European aircraft manufacturer, announced that it had signed an agreement with a Chinese partner to purchase 160 commercial aircraft. As part of the expansion into the country, Airbus will also be opening a second assembly line in Tianjin.

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