Tesla wins lawsuit in China against roof-top protesting lady car owner
The lady, who protested by getting on top of a Tesla show car during the 2021 Shanghai auto show, was ordered to apologize to Tesla and pay damages of RMB 172,275 ($23,810) in a first instance ruling.
Tesla preparing to register FSD with Chinese authorities, report says
Tesla will be able to let its employees test its FSD internally on public roads once it successfully registers it with Chinese authorities, and then offer it as an upgrade to Chinese users in the coming months, according to Reuters.
BYD's 1st showroom in Saudi Arabia opens
BYD said it has built up a team of more than 100 people in Saudi Arabia and will open more stores there.
Xiaomi denies as rumors swirl that it plans to acquire stake in Evergrande NEV
Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.
Great Wall Motor to close European headquarters, report says
Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.
IM Motors plugs into Nio's charging network
IM Motors has become the second EV maker to connect to Nio's charging network this month after GAC Aion's Hyper brand.
China NEV retail at 574,000 in May 1-26, up 2% from same period last month
China's retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date.
Morgan Stanley cautions of possible new price competition following BYD's launch of 5th-gen DM tech and new models
“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said.
China may devote about $830 million to support all-solid-state battery R&D, report says
Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.
BYD launches Qin L, Seal 06 hybrid sedans, both with 5th-gen DM tech
The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD's fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800.
