Evergrande Auto has invested $7.25 billion to build cars
Evergrande Auto, the car-making business of China's largest real estate company, has invested RMB 47.4 billion ($7.25 billion) to build new energy vehicles, the company said in its annual financial report released March 25.
Tesla salesperson says China-made Model 3 price may follow Model Y upward
Since 75 percent of the parts of Tesla Model Y and Model 3 are common, the price of China-made Model 3 will follow Model Y upward, CCTV said on Thursday, citing a Tesla salesperson.
Nio's 2nd-gen battery swap station reportedly comes in two models
This seems to conflict somewhat with previous announcements from Nio. A spokesperson from the company couldn’t confirm the information.
Former Byton CEO reportedly to join Evergrande Auto
Dai Lei, former CEO and co-founder of Chinese EV startup Byton, will take a position at Evergrande Auto.
This is why BYD Han EV is a hot seller in China
In the first two months of the year, the Han EV ranked third in the number of new private EVs insured in China, behind the Wuling Hongguang Mini EV and the Tesla Model 3.
Tesla says China-made Model Y price hike due to rising production costs
For other models, including the China-made Model 3, the company has no plans to raise prices.
Tesla raises price of China-made Model Y by RMB 8,000
Tesla did not explain the reason for the Model Y price increase. Questions about whether this was related to the chip or raw materials went unanswered.
Horizon Robotics expects to ship one million of its auto AI chips this year
Chinese chip company Horizon Robotics is on track to ship a million automotive AI chips this year, up from 160,000 in 2020, the company said Tuesday.
Ford's electric Mustang Mach-E engineering test vehicle rolls off assembly line at China plant
The car's rollout at the factory means it will soon begin mass production and go on sale, competing with the Tesla Model Y and Nio ES6.
Elon Musk says China to become Tesla's biggest market
Given that China would expand domestic demand, it would be the place where Tesla would produce the most vehicles and have the most customers, he said.