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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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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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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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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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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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China’s Pony.ai eyes ‘sizeable fleet’ in Hong Kong, unfazed by Tesla robotaxi competition

“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said…

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Tesla upgrades EV voice assistant system with AI from DeepSeek and ByteDance

DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with…

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Tesla launches revamped Model Y in China in bid to regain market share from Nio, Li Auto

Tesla China has priced its six-seat Model Y variant about 30 per cent higher than its basic edition and has…

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