Tao Lin spoke at a press conference in anticipation of the upcoming 2019 Shanghai City Promotion Conference, underscoring the importance of Shanghai in the successful development of Tesla’s gigafactory.
The share price of Chinese EV startup NIO fell by 5.8% to $1.46 on October 16, which marks the largest decline in the past six days.
Chinese EV-maker XPeng launched its newest creation, the G3 2020, on July 10.
American EV-startup Faraday Future has fired a number of employees who have been on unpaid leave for months.
China’s EV industry just keeps on growing and has now been joined by yet another newcomer, Leading Ideal. The company announced the official price and began accepting pre-orders of their newest model Leading Ideal ONE on Apr. 10.
“Thanks for your attention to our brand new flagship V9. The basic design principle would be a mobile smart product that combines design, artificial intelligence and seamless interconnectivity between vehicles and people.”
Faraday Future (FF) announced on Mar. 13 that it has decided to sell 900 acres of land in North Las Vegas, Nevada for $40 million.
Tesla announced that pre-orders for Model 3 are now available in China.