Tesla

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Tesla’s Elon Musk becomes first person to hit US$500 billion net worth, Forbes list shows

Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of US$500 billion, propelled…

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New Business

Not farming like grandparents: how Shanghai’s success in hi-tech agriculture sets example

Seven years ago, He Yangyang left his university job in downtown Shanghai to return to his Songjiang district hometown –…

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China unveils giant ‘robot boot camps’ to train up world-leading humanoids

China is going all out to outpace the United States in the race to develop advanced humanoid robots. Its latest…

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Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated…

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Tesla continues its skid in mainland China as sales and market share fall

Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall.…

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New Business

Tesla targets China’s fast-growing humanoid robot market with new Weibo account

Tesla has launched a new social media account on Weibo, China’s answer to X, to promote its artificial intelligence technology,…

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New Business

Chinese EV makers’ budget-friendly models power sales in August

Leapmotor, Xpeng and Galaxy reported sizzling sales, driven by their cheaper models featuring self-driving and in-car entertainment systems similar to…

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Chinese carmakers gear up for Munich show as EV competition heats up at home

China’s carmakers are readying a new crop of hybrid and electric vehicles (EVs) for Europe, using next week’s Munich car…

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New Business

Tesla cuts price of new Model 3 in China as moment of truth nears for variant strategy

The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km,…

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New Business

China to have 300,000 driverless taxis in 4 top-tier cities by 2030: UBS

China is likely to see 300,000 driverless cabs operate in its four top-tier cities as early as 2030, buoyed by…

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