A Tesla vehicle in China crashed recently after it suddenly lost control. The question of whether or not the driver pressed the brake pedal has become a controversial issue. This incident has sounded the alarm for many Tesla car owners, one of whom has installed cameras to monitor its braking system.
The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.
A Tesla Model Y in Chaozhou, China's Guangdong Province was recently suspected to have lost control while driving at a high speed for 2.6 kilometers, causing two deaths and three injuries. The maximum speed of the vehicle reached 198 km/hour.
Adidas announced its financial results for the third quarter of 2022 on November 9. The firm's performance in Greater China, its former growth engine, continued to exhibit poor results.
On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. Many Chinese organizations in Silicon Valley have begun to recommend each other for new job opportunities.
Texas Instruments, a semiconductor design and manufacturing enterprise located in Texas, US, announced that its second packaging and testing plant at the manufacturing base in Chengdu, Sichuan Province, will be put into production within the next few months.
Baozun, an e-commerce solutions provider based in China, announced on November 8 that it had signed definitive agreements to acquire Gap Greater China, the American clothing firm's regional division, in an all-cash transaction of $40 million.
Geely Holding and its subsidiary Geely Auto signed a non-binding framework agreement with French automotive giant Renault Group regarding the creation of a new company to develop, manufacture and supply hybrid powertrains and highly efficient ICE powertrains.
At the fifth China International Import Expo (CIIE), which opened on November 5, Tesla displayed its Model 3, Model Y, Model S Plaid, Model X Plaid, and Tesla Bot, a conceptual general-purpose robotic humanoid.
Oliver Zipse, Chairman of the Board of Management of German automaker BMW Group, recently said that the company will continue to unswervingly take root in China and establish a stable win-win relationship with Chinese partners.
Tesla has reportedly closed its first flagship showroom in China, located in Beijing's upscale Parkview Green shopping mall, in a bid to adjust its sales and services strategy in the country. Tesla sales staff in China said that the high rent caused the store's closure.
It has been more than a month since the Chinese business of Canadian coffee chain Tim Hortons went public on the Nasdaq, but so far, the coffee company that is trying to become the second Starbucks has not performed well in the US stock market.
On October 31, Netherlands-based automaker Stellantis announced that the GAC-FCA, a joint venture established by Stellantis and China's GAC Group, will file for bankruptcy in court.
American chip designer Marvell is cutting some R&D roles for its operations in China. The firm did not specify how many employees would be affected by the cuts.
Dong Mingzhu, the chairwoman of Chinese home appliance giant Gree, stated during an online event on October 27 that the company is providing vehicle chassis to Tesla.
Canadian athletic apparel retailer lululemon started the year as one of the most popular brands in China due to its superior quality and design. Recently, however, the brand is encountering some doubt as to its quality and prices.
On October 24, Tesla announced that from now on, the prices of its Model 3 and Model Y in China will be reduced. Specifically, the starting price of its Model 3 rear-wheel drive version has been set at 265,900 yuan ($36,663), down 12,000 yuan.
Zeiss, a leading enterprise in the fields of optics and optoelectronics, on October 18 started construction of a new R&D and production base in Suzhou, Jiangsu Province, China.
BMW and Envision AESC, a battery tech firm under Envision Group, reached a long-term cooperation agreement. Under the deal, Envision AESC will provide its next generation of lithium-ion batteries for BMW's new vehicle models from 2026.
This past July, Taiwanese actor, singer and race car driver Jimmy Lin was involved in an accident while driving a white Tesla Model X. On October 15, Lin accepted an interview with the media during which he publicly recalled the details of the accident for the first time.
