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In addition to its NIO and ALPS brands, Chinese electric vehicle maker NIO is reportedly planning to launch a third automobile brand to cover the market below 200,000 yuan ($29,620).
Tesla received state subsidies for 101,082 vehicles sold in the country in 2020, for a combined total of 2.12 billion yuan ($329 million), according to data released Monday by China's Ministry of Industry and Information Technology (MIIT).
Liu Tao, the co-CEO of Alibaba-backed IM Motors, commented on a recent fatal incident involving a Tesla vehicle in China. The executive believed that the Amercian EV maker had resorted to incredible excuses and even caused vehicle owners to monitor brake pedals with cameras.
Shenzhen-based automaker BYD issued a statement on Tuesday, adjusting the official guide price of its Dynasty and Ocean series models by a range of 3,000 yuan to 6,000 yuan ($472-$943).
In addition to Intel and Tesla, autonomous driving companies in China, including Navinfo and Zeekr, have publicly denied any involvement in the illegal mapping incident.
He Xiaopeng emphasized that Xpeng's Level 3 (L3) autonomous driving capabilities would "far surpass" Tesla's FSD V13, though he noted that Tesla might continue to iterate with future versions like V14 or V15.
According to information disclosed by Tesla to the United States Securities and Exchange Commission on Monday, the electric vehicle firm's revenue in China in the first quarter this year totaled $4.65 billion.
Regarding a car accident that occurred last November in Chinese city of Chaozhou, the court recently ruled in favor of Tesla.
Honda is working with Alibaba to develop services for Internet-connected cars. More and more carmakers are starting to work with Chinese Internet giants to furt...
The CAAM released a report pointing out that the production and sales volume of new energy vehicles in China were 3.545 million and 3.521 million respectively.
Tesla China's website now shows that estimated delivery times for the rear-wheel drive version Model Y have been shortened from 8-12 weeks to 4-8 weeks.
Tesla says in its case settlement statement from 16 April, officially ending the two-year lawsuits against its former employee Cao Guangzhi, who briefly joined XPeng as engineer after servicing Tesla for two years.