Tesla’s Gigafactory Shanghai has entered its second phase of construction after the first phase was completed in less than one year.
Tagelectric vehicle
On March 10, the Chinese Ministry of Industry and Information Technology spoke with Tesla regarding its HW2.5 hardware downgrade scandal.
On February 27, Faraday Future founder and former CEO Jia Yueting filed a "Plan Term Sheet" with the Bankruptcy Court for the Central District of California.
Recently, an owner of Tesla’s upgraded Model 3 reported on Weibo that the hardware code of their car controller was inconsistent with the number on the documents of the vehicle.
As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.
Tesla is applying to offer a new version of their China-made Model 3, according to a document from China’s Ministry of Industry and Information Technology.
Following a temporary suspension of production due to the coronavirus outbreak, California-based EV-maker Tesla’s Shanghai gigafactory has resumed its normal business.
Chinese electric vehicle (EV) manufacturer NIO announced a $100 million short-term debt offering on Thursday and said it’s “currently working on several other financing projects.”
As of February 2, Tesla temporarily shut down its stores in mainland China as the novel coronavirus worsens, according to a news report by CNBC on Thursday.
He Xiaopeng, founder of Xpeng Motors, recently posted on Weibo his thoughts about the future of the electric vehicle industry, following Tesla’s 17% drop in share price earlier this week.
On February 3, Chinese battery manufacturer CATL announced that it has signed a two year supply agreement with Tesla effective between July 1, 2020 and June 30, 2022.
Electric vehicle startup Xpeng Motors ranked first among Chinese automakers in smart & connected car technology patents in 2019 with 335 patent applications.
The EV-maker Tesla announced that it will be switching from Tencent Maps to Baidu Maps as its provider of in-car mapping services.
Hon Hai Precision Industry Co, part of Foxconn Technology Group, plans to form a joint venture with Fiat Chrysler Automobiles (FCA) to develop and produce electric vehicles in China.
For the first time since 2016, Tesla has surpassed the Chinese automaker BYD as the world's new energy vehicle sales champion, with 367,500 vehicles sold.