Tesla

Tesla is preparing a software update for Chinese customers to offer FSD features similar to those available in the US market, according to Bloomberg.

Deliveries of the facelifted Model Y in China will begin in late February, with the current Launch Series on sale for a limited time until February 28.

The facelifted Model Y has entered a catalog of models eligible for purchase tax reductions in China, completing the full regulatory process.

BYD's share of China's NEV market in January was below the 31.0 percent recorded in December 2024, as sales declined.

Tesla's January retail sales within China were 15.49 percent lower year-on-year and 59.36 percent lower than in December, partly due to the disruption of the Chinese New Year holiday.

The Tesla Shanghai Megafactory will begin capacity ramp-up in the first quarter.

Tesla China's sales in January, including exports, were down 11.49 percent from 71,447 a year ago and down 32.56 percent from 93,766 in December.

Tesla plans to hold a ceremony on February 11 for the start of production at its Shanghai Megafactory, which will begin capacity ramp-up in the first quarter.

Tesla is offering RMB 8,000 ($1,100) in insurance subsidy for the Model 3, restarting a promotional tool it has used many times previously on the first working day of the Year of the Snake in the Chinese lunar calendar.

The automotive business was the main reason for Tesla's weaker-than-expected earnings, as incentives were more intense than expected.