Tesla (Shanghai) Co., Ltd. has been notified of a second-instance court hearing for a commercial defamation dispute. The appellant is Anqing Fengdi New Energy Vehicle Sales and Service Co., Ltd., a BYD dealership, and the hearing is scheduled to take place on April 17.
On April 9th, the signing ceremony for Tesla's Megafactory project was held in Shanghai. The factory will be built in the Lingang New Area of the Shanghai Free Trade Zone.
Tesla named Tom Zhu, who led the construction and operations of Tesla's Shanghai factory, as senior vice president for automotive operations, a regulatory filing on April 6 showed.
Tesla is planning a grand production capacity for its future low-priced model. "The new model will be a smaller version of the Model Y," an insider said, "and Tesla is planning an annual production capacity of up to four million vehicles."
On March 28th, it was announced that Tesla officially released the prices for the new Model S and Model X in China, and began deliveries to the Chinese market.
On March 23rd, Tesla revealed to employees that it is expected to lose the entire $7500 of federal tax break because its cheapest electric vehicle uses Chinese batteries.
On March 22, Li Xiang, CEO of Chinese electric vehicle maker Li Auto, took to social media to provide a glimpse into the company's future product plans, revealing that it will launch six new pure electric vehicles.
On March 16, BYD unveiled the Han EV Champion Edition and the Tang DM-i Champion Edition with prices ranging from 209,800 yuan ($30,434) to 299,800 yuan ($43,488), and 209,800 yuan ($30,434) to 239,800 yuan ($34,785), respectively.
On March 14, Tesla Chief Executive Elon Musk and Chinese electric vehicle and battery maker BYD denied a media report that said the U.S. giant was ending its cooperation with BYD on battery supplies.
Tesla said it is creating a permanent magnet electric vehicle motor with zero rare earth elements. Although the stock shares of many listed companies in China in the rare earth industry dropped heavily on the news, they remain optimistic about the future development of the industry.
Li Xiang, chairman and CEO of Li Auto, revealed the electric vehicle maker's target - to occupy 35% of the passenger car market with a price range of more than 200,000 yuan ($28,997) in 2027, and to become the world's leading artificial intelligence enterprise in 2030.
At Tesla's Investor Day held on March 1, the electric vehicle manufacturer shared a series of business plans for future developments in R&D and manufacturing. Tom Zhu, the global vice president of Tesla and head of Greater China, explained Tesla's gigafactory situation.
With regard to the accident involving a Tesla vehicle in Chaozhou, Guangdong Province on November 5 last year, the appraisal report has been finally sent to local police.
Chinese electric vehicle maker BYD lowered the prices of its models for the first time this year in order to stabilize its existing market share and achieve higher sales targets.
Alpine, a sub-brand of Chinese electric vehicle maker NIO aimed at consumers with a budget between 200,000 yuan ($29,019) and 300,000 yuan ($43,528), will be rolled out through new sales channels.
After Tmall, a Chinese e-commerce giant, welcomed Tesla, rival e-commerce platform JD.com also launched an official flagship store for the EV giant and attracted over 530K followers in only three days.
Taiwanese singer and professional race driver, Jimmy Lin was photographed driving out to have dinner with friends, and was later fined for parking illegally. This is his first public appearance in front of the media since the accident involved a Tesla vehicle in July last year.
