Tesla Inc. registered a new car firm in Shanghai with 100 million RMB from the solo shareholder of TESLA MOTORS HK LIMITED, the Tencent Auto reported.
In mid-April, media reported that in a summit organized by the Chinese auto industry, a source disclosed that Tesla will establish a wholly-owned factory in China in 2018.
On February 28, the media reported that NIO has hired eight banks, including Morgan Stanley and Goldman Sachs, to prepare for its planned listing in U.S. this year. The IPO is expected to raise up to $2 billion USD.
China is the world's largest market for car sales. Tesla's vehicles have to be imported into China, as Tesla is unable to produce cars in China. Nevertheless, Tesla doubled its sales in China in 2017, and Tesla's all-electric cars are commonly seen on China's roads.
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 further deepen China's car market, which is the largest in the world.
Media were impressed with the 80-million-yuan lavish launch event for the ES8 in Wukesong Venue. There is no doubt NIO raised more investment and spent more money than any other automotive start-up in China. Since its establishment, NIO has raised more than US $2 billion.
BYD announced it would build an electric truck factory in Canada, which will be its first electric car assembly plant in Canada. The electric truck plant is scheduled to be put into operation next year.
Li Shufu said Geely, Volvo and other car companies are jointly developing an open electric model under the code PMA. "We've learned from Google's Android, and PMA's pure electric module is open," Li said.
Xiaopeng Motors announced that Junli Gu, former lead technician of Tesla’s autopilot machine learning, will join Xiaopeng Motors as vice president of autopilot research and development. Gu’s new role will report directly to He Xiaopeng, the company president.
On October 16, 2017, Tesla unprecedentedly released Model S/X for a country and offered charging adapter in line with China’s new national standard, which is a rare case.
On October 19, official web of China's General Administration of Quality Supervision shows Tesla Motors Sales (Beijing) Co. Ltd. announced to recall certain imported Model X cars and 2277 cars in mainland China are involved.
Once the policy is released, Tesla will be on an equal footing with the start-up car companies. On April 22, 2014, Tesla CEO Elon Musk personally delivered the first Model S cars in China to Yu Yongfu, the chairman of Alibaba Entertainment; Li Xiang, the CEO of CHJ Automotive(车和家); Chinese famous host Wang Han and…
Outline: Anything linked to cloud computing and AI will be involved with big data. The development of these technologies are undoubtedly where the future is headed towards. On September 8th, the Chairman and CEO of Tencent, Pony Ma, delivered a speech at the Tsinghua University Insight Forum. On the topic of the integration of business…
Internet News Reports DJI On August 28, Tech-Web, a we-media, claimed it found DJI’s "secret base" in Shekou district, Shenzhen: DJI self-driving car is being tested there and Tech-Web even exposed photos of these cars. It is reported that the DJI self-driving car being tested is a Ford Edge SUV. From external observation, this self-driving…
In the mid-2017, during Shenzhen municipal CPPCC, Frank Wang, the CEO of DJI, aired his opinion of unmanned aerial vehicle (UAV). Speaking of UAV regulation, most measures are bans, which greatly limit the use of UAV as well as the application of new technologies. With the increasingly rigid air policy, DJI is going to explore…