Potential car buyers seen at a Tesla showroom in Shanghai. CHINA DAILY Tesla has scrapped plans to build plants in the ASEAN countries, reported Thai newspaper the Nation. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. Tesla is currently only… Continue reading Tesla cancels factory plan in ASEAN
Author: China Daily Online News
Domestic automakers climb Fortune rankings
The Tiggo 8L SUV launched by Chery on Aug 8 in Chengdu, Sichuan province. The company has debuted on the latest Fortune Global 500 list. CAO YINGYING/CHINA DAILY Chinese automakers have a strong presence in Fortune Magazine’s list of the top 500 global companies with several rapidly ascending in the rankings, showcasing the influence of… Continue reading Domestic automakers climb Fortune rankings
China approaches WTO over EU tariffs on electric vehicles
Vehicles for export are parked at a port in Lianyungang, Jiangsu province, in October 2023. [WANG CHUN/FOR CHINA DAILY] China took recourse to the dispute settlement mechanism of the World Trade Organization on Friday in response to the European Union’s temporary anti-subsidy measures on Chinese-made batter electric vehicles, the Ministry of Commerce said. The EU’s… Continue reading China approaches WTO over EU tariffs on electric vehicles
GM reiterates commitment to Chinese market
General Motors, the largest carmaker in the United States, has said it is committed to building a profitable and sustainable operation in China, the world’s largest market, according to Reuters. “We’re committed to maintaining cash stability there at a point where it’s self-sustaining. That means not needing any capital from outside,” GM CFO Paul Jacobson… Continue reading GM reiterates commitment to Chinese market
Xizang gears up green transition with NEVs
Charging piles are seen at a service zone in Lhasa, Xizang autonomous region, in October. [Photo provided to China Daily] The number of new energy vehicles in the Xizang autonomous region exceeded 10,000 units for the first time as of the end of June, representing a significant step forward in its efforts to promote NEVs,… Continue reading Xizang gears up green transition with NEVs
Xpeng’s flying car unit secures $150m in Series B1 funding
Xpeng Aeroht, Chinese smart electric vehicle company Xpeng’s flying car unit, announced on Monday that it has secured a Series B1 funding of $150 million and also initiated its Series B2 round, after closing the last Series A round of over $500 million 3 years ago. The fund will be used to ensure its smooth… Continue reading Xpeng’s flying car unit secures $150m in Series B1 funding
Huawei, BAIC eye share in luxury sedan segment
The Stelato S9, codeveloped by Huawei and BAIC, hits the market on Aug 6, 2024. [Photo by Li Fusheng/chinadaily.com.cn] Huawei and BAIC launched the Stelato S9 on Tuesday in Beijing, aiming to make a foray into the luxury sedan segment that has been dominated by global carmakers including BMW and Mercedes. The electric sedan, which… Continue reading Huawei, BAIC eye share in luxury sedan segment
Tesla recalls vehicles due to safety problems
This picture shows a Tesla model 3 at a car exhibition held in Shanghai, June 7, 2024. [Photo/VCG] United States carmaker Tesla will recall more than 1.68 million vehicles in China due to potential safety problems with front covers, the company stated it will fix the cars for users, the State Administration for Market Regulation… Continue reading Tesla recalls vehicles due to safety problems
BMW’s 270-million-yuan supply center expansion project starts construction in NE China
This photo taken on May 8, 2024 shows a roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive (BBA) in Shenyang, Northeast China’s Liaoning province. [Xinhua/Pan Yulong] SHENYANG — The expansion project of a supply center for German automaker BMW has started construction in Shenyang, capital of Northeast China’s Liaoning province, with… Continue reading BMW’s 270-million-yuan supply center expansion project starts construction in NE China
Driverless vehicles to lift battery swapping
Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. The company aims to build 1,000 battery swapping stations in China in 2023, bringing the total number to 2,300 by this year-end. [Photo provided to China Daily] A boom in autonomous vehicles is expected to usher in fresh… Continue reading Driverless vehicles to lift battery swapping