Phate Zhang
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Tesla posts Q1 revenue that beats expectations despite supply chain challenges
Tesla expects production at its Shanghai plant in the second quarter to be roughly on par with the first quarter, but to grow rapidly in the third and fourth quarters.
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BYD teases interior design of Seal
The images released by BYD show a clean design with a large center screen and a slightly smaller instrument screen inside the car.
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Covid's impact on China's auto industry expected to continue into May and result in 20-40% production loss, CPCA says
In the first two weeks of April, Chinese passenger vehicle wholesale sales averaged 24,000 units per day, down 44 percent year-on-year and down 48 percent from the average for the first two weeks of March.
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Li Auto apologizes for delivery delays, says Covid had big impact on April production
Li Auto said it is actively working with supply chain companies to restore capacity in an effort to keep delivery delays to less than three weeks.
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Tesla sells used cars at higher prices than new cars on its China website
Tesla's Chinese website sells a used Model 3 as well as a used Model Y for a price higher than the price of a new car with the same specifications.
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BYD Semiconductor unveils new MCU chip for vehicles
From windows and seats, to body control and engine control, every innovation in automotive electronics has to be realized through the computing and control functions of MCU chips.
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EV battery maker Gotion signs supply deal with Geely's commercial vehicle division
Gotion will supply power cell products to Geely New Energy Commercial Vehicle Group from 2022 to 2024, with an estimated total of 126,000 units.
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CATL shares plunge as investors worry about rising costs affecting profits
Rumors surfaced yesterday that CATL may post earnings of less than RMB 5 billion in the first quarter, falling short of market expectations.
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Huawei-backed AITO to raise prices of first model M5 next month
AITO Wenjie M5 retail sales in March were 3,045 units, according to data released by the CPCA earlier this month.
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Alibaba-backed DeepRoute unveils new Robotaxi fleet with self-driving kit costing less than $10,000
DeepRoute-Driver 2.0 currently costs less than $10,000, and the cost of the self-driving system could be reduced by another 70 percent after large-scale partnerships with automakers.
