tesla Tag

02 Apr Chinese smartphone giant Xiaomi sees robust demand for first EV, even as buyers face delivery wait times of more than 5 months

Posted at 12:30h in Asia

Chinese smartphone giant Xiaomi is seeing continued strong demand for its first electric vehicle (EV) – the SU7, short for Speed Ultra 7 – even as potential buyers face delivery wait times of more than five months, the South China Morning Post has learned.Buyers of...

Read More

01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

Read More

01 Apr Tesla raises price of its Shanghai-made Model Y electric car, shrugging off price war squeezing its rivals in China

Posted at 04:40h in Asia

Tesla raised the price of its Shanghai-made Model Y cars on Monday, bucking the trend set by a discount war that is squeezing the profit margins of most of its rivals in China, the world’s largest electric vehicle (EV) market.The basic Model Y is now...

Read More

29 Mar Smartphone maker Xiaomi makes waves in crowded EV market with its keenly-priced SU7 model

Posted at 11:30h in Asia

Xiaomi has got off to a racing start in the country’s crowded electric vehicle (EV) market, after saying it sold around 50,000 vehicles within half an hour of the launch of its new model, the SU7.The Chinese smartphone and gadget maker, which has been competing...

Read More

29 Mar Shanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

Posted at 10:01h in Asia

The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday.The local state-owned assets watchdog will be responsible for the fund’s establishment...

Read More

28 Mar Xiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Tesla

Posted at 14:25h in Asia

Chinese smartphone giant Xiaomi on Thursday launched its much-awaited first electric vehicle (EV) – the SU7, short for Speed Ultra – at a venue in Beijing close to its car manufacturing facility, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model...

Read More

26 Mar BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

Posted at 14:15h in Asia

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy vehicles (NEVs). These include pure battery-run EVs, plug-in hybrids and fuel-cell vehicles.Apple’s Tim Cook and...

Read More

12 Mar China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

Posted at 06:03h in Asia

Chinese smartphone maker Xiaomi will start deliveries of its maiden electric vehicle (EV) on March 28 as it joins the fray against established players like BYD and Tesla amid an ongoing discount war in the highly competitive domestic market.The Beijing-based company said on Tuesday orders...

Read More

12 Mar ChatGPT creator OpenAI slams Elon Musk’s claims as ‘incoherent’ in Microsoft-backed start-up’s first legal response to tech billionaire’s lawsuit

Posted at 05:23h in Asia

ChatGPT creator OpenAI has lambasted Elon Musk’s allegations against it, saying in a court filing that the billionaire entrepreneur’s claims “rest on convoluted – often incoherent – factual premises”.In the filing, OpenAI said that it did not violate its agreement with Musk because “there is...

Read More

08 Mar Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

Posted at 12:30h in Asia

Tesla’s February deliveries in mainland China, the world’s largest electric-vehicle (EV) market, failed to keep up with the overall industry amid an escalating price war.The US carmaker’s Gigafactory in Shanghai handed over 30,141 Model 3s and Model Ys to mainland customers last month, a year-on-year...

Read More