Tesla Shanghai plant nears completion of production line tuning for revamped Model 3, report says
Prototypes of the revamped Model 3 are currently being tested on the road at Tesla's Shanghai factory over weekends, with the production line doing further refinement work, according to local media.
Chinese industry regulator says automakers should not compete with abnormal prices
Auto industry players should not disrupt fair competition with abnormal prices and should avoid cutting prices in a reckless manner, a MIIT official said.
Tesla reportedly laying off some battery workers at Shanghai plant
Earlier this week, Tesla began notifying some employees on the battery cell assembly lines at the first phase of its plant in Shanghai about that layoff, according to Bloomberg.
China issues new rules that will give automakers 40% fewer credits for each NEV produced
China has revised its dual-credit policy, one of the key drivers of the rapid growth of the NEV industry, and the changes will take effect on August 1.
Carmakers, including Tesla, BYD, Nio, Xpeng, Li Auto, pledge to jointly maintain order in China auto market
These car companies have pledged to regulate their marketing activities and not to disrupt the order of fair competition in the market with abnormal prices.
Local brands expected to capture over 50% of China's auto market for 1st time this year, AlixPartners says
Chinese automakers have now crossed the inflection point for global influence, with local brands expected to hold 65 percent of the market share in China by 2030, AlixPartners said.
Xpeng works to boost capacity as G6 wait time exceeds 10 weeks
As of July 5, Xpeng's US-traded ADR was up about 75 percent cumulatively since June 9, when the G6 began pre-sales.
Li Auto reaches 400,000 cumulative delivery milestone
Li Auto has completed its latest 100,000-vehicle delivery in less than four months.
China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900
The Tesla Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.
Li Auto raises H2 sales forecast to about 240,000 units, report says
Nio has given its supply chain a full-year sales forecast of 240,000 units, according to local media.