Tesla

In the first quarter, Tesla China sold 172,754 vehicles, down 21.79 percent year-on-year and down 28.29 percent from the fourth quarter.

Tesla has expanded its three-year, interest-free financing in China to cover the long-range variant of the Model Y, which also saw its delivery wait time cut in half.

Tesla has changed the name of its software package priced at RMB 64,000 ($8,820) in China to one that does not include the word "FSD".

The first Megapacks made in Shanghai set sail today for export to Australia.

Tesla has raised the price of the Model Y Long Range version in China and started offering financing incentives for the other entry-level variant, probably aiming to balance orders for both variants.

Between March 17 and April 16, eligible vehicles will be able to access the FSD feature for free after updating to the latest software.

The lower-cost Model Y -- internally codenamed "E41" -- will be mass-produced at Tesla's Shanghai factory starting in 2026, according to Reuters.

The "lower-priced Model Y" doesn't have much change in the core components, and the launch will depend on the performance of the updated Model Y, according to local media.

Baidu recently dispatched engineers to Tesla's Beijing office to work on better integrating its navigation map information with the FSD, according to Reuters.

Xiaomi EV entered CPCA's monthly leaderboard for the first time, coming in at No. 9 in the NEV market with 23,728 sales and a 3.4 percent share.