Toyota has revealed the bZ3 as its second bespoke battery-electric car, which will be powered by advanced batteries supplied by Chinese EV giant BYD. Set to go on sale next year, the five-seat Toyota bZ3 will be built and sold exclusively in China. It will follow the Toyota bZ4X SUV, which was launched globally earlier this year. A third… Continue reading Toyota bZ3 saloon is Tesla Model 3 rival with 372-mile range
Tag: Tesla
Toyota scrambles for EV reboot with eye on Tesla
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a dramatic shift for Toyota and rewrite the $38-billion… Continue reading Toyota scrambles for EV reboot with eye on Tesla
Arrival restructures (again), Bird shrinks and highlights from Disrupt
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Arrival restructures (again), Bird shrinks and highlights from Disrupt
Tesla is rumored to be looking to invest in Mexico
Tesla is rumored to be looking to invest in Nuevo Leon, a Mexican state bordering Texas, as CEO Elon Musk meets with the governor. Earlier this year, people crossing the border between Texas and Nuevo Leon were surprised to see not just the usual marked lanes for cars and trucks but also one marked “Tesla”… Continue reading Tesla is rumored to be looking to invest in Mexico
Toyota struggles with EV shift, considers changing plans due to Tesla
Toyota is struggling with its shift to electric vehicles, and it is reportedly considering major changes in its EV plans driven by Tesla’s manufacturing strategy. However, it may slow down some of its existing electric vehicle programs. For years, we have been reporting on how Toyota has been lagging behind the competition in the shift… Continue reading Toyota struggles with EV shift, considers changing plans due to Tesla
Tesla releases software update with improved charging efficiency and more
Tesla has released a new software update (2022.40.1) that delivers improved charging efficiency for faster charge time and reduced energy costs, along with a few other goodies. Some Tesla owners are waking up to a new software update bringing new features and capabilities to their vehicles. All Tesla vehicles built over the last 10 years… Continue reading Tesla releases software update with improved charging efficiency and more
Nio, BYD and other Chinese EV stocks fell sharply amid sell-off
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China. Shares of Li Auto ended the… Continue reading Nio, BYD and other Chinese EV stocks fell sharply amid sell-off
Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. China News Service | China News Service | Getty Images Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off… Continue reading Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Tesla shares slipped as much as 7% Monday morning after the company cut the price of some of its cars in China. They were down more… Continue reading Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China
Tesla cuts China prices up to 9% as analysts warn of ‘price war’
SHANGHAI (Reuters) — Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant’s China website… Continue reading Tesla cuts China prices up to 9% as analysts warn of ‘price war’