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Tesla's legal war against a Model 3 owner in China has proved victorious, as the owner has now been ordered to provide 50,000 yuan ($7,752) in compensation and publicly apologize to the EV maker.
Tesla announced on July 25 that the production of its Model 3 electric vehicles will start in the Shanghai Gigafactory by the end of the year.
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.
Tesla's Gigafactory in China has been producing a large amount of Tesla Model 3 vehicles, however the company is still waiting for the official approval to begin selling the cars.
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.
Tesla released its vehicle delivery data for the fourth quarter and whole year of 2021 on Sunday.
Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
On August 17th, it was reported that the production of the new model of Tesla's Model 3 has started at Gigafactory Shanghai.
On September 1st, the new Tesla Model 3 was officially released. The price of the rear-wheel drive Model 3 Refresh Version is 259,900 yuan ($35,775).
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
On March 10, the Chinese Ministry of Industry and Information Technology spoke with Tesla regarding its HW2.5 hardware downgrade scandal.