Can Tesla maintain profits in China as Model 3 price cuts loom?
China's 2020 new energy vehicle subsidy policy has recently been introduced, making expectations for Model 3 price cuts rise recently. Today's Tesla announcement makes the expectations a reality.
Tesla says China-made Model 3 price will drop to under 300,000 yuan
Tesla announced on April 30 that it would reduce the price of the standard range the China-made Model 3 to be able to continue to receive government subsidies.
Nio President: Strategic investors are buying into Nio's future
"The company is much happier today than it was when it first started, people don't even know who you are when you talk to them about working together. There will be plenty of difficulties next, but development will be more assured," Nio's President Qin Lihong told several Chinese media outlets after the finalizing of Nio's financing.
Chinese auto market shows signs of V-shaped reversal
In the fourth week of April (April 20-25), China's passenger car market daily average retail sales reached 48,700 units, up 12% year-on-year, data from the China Passenger Car Association (CPCA) showed.
Tesla eyes price cuts for China-made Model 3 to qualify for new subsidies, BBG says
Tesla is considering cutting prices of some of its cars in China for a second time this year so they will continue to qualify for government rebates on electric vehicles that are being tightened, Bloomberg reported on Wednesday citing people familiar with the matter.
Tesla promotes its cars in the most fashionable way in China
On April 28 at 3pm, Tesla stared its 7th Taobao live broadcast event, where Wei Ya, a Chinese celebrity sales anchor on the Taobao platform, was invited.
Shanghai voices support for Tesla's local growth
Li Qiang, secretary of the Shanghai Municipal Party Committee, held a video conversation this morning with Elon Musk, CEO of Tesla Inc.
Nio finalizes agreement to get 7 billion yuan strategic investment
Nio Morots has completed a final agreement to bring in strategic investors under which they will invest RMB 7 billion in Nio China.
New Apple patent shows future Apple car may have hidden display
Apple continues to work on its own cars, and like those patents released in the past, Apple appears to be in the midst of a radical redesign of the standard elements used in vehicle design, which could result in a very modern Apple car that is eventually released.
What could Huawei bring to the automotive industry with 5G technology?
On April 24, Huawei announced the establishment of the "5G Automotive Ecosphere" in conjunction with 18 car companies. The aim is to jointly accelerate the commercialization of 5G technology in the automotive industry and create a 5G automotive ecosystem for consumers.