49 h. ago Tesla Rivals XPeng, Nio Report Record China EV Sales; Nio Swings On Earnings

Tesla Rivals XPeng, Nio Report Record China EV Sales; Nio Swings On Earnings  Investor's Business Daily

Politics

2 d. ago Tesla reduces price of new Model 3 in China weeks after launch, amid sales slump

Tesla reduces price of new Model 3 in China weeks after launch, amid sales slump  Electrek

Economics

3 d. ago Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out

Tesla Rivals XPeng, Nio Report Record China EV Sales; Xiaomi, Li, BYD Also Out  Investor's Business Daily

Politics

3 d. ago Chinese humanoid robot maker UBTech gets US$1 billion funding boost

UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion, including a joint venture in the Middle East. The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini Capital, an investment conglomerate headquartered in Hong Kong and Abu Dhabi. The support would come through share allocations, convertible bonds and expedited...

Economics

3 d. ago Tesla China cuts price of new Model 3 as moment of truth nears

Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium electric vehicle (EV) segment. The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland...

Politics

3 d. ago Tesla Rival XPeng, Xiaomi Report Strong China EV Sales; Nio, Li, BYD On Tap

Tesla Rival XPeng, Xiaomi Report Strong China EV Sales; Nio, Li, BYD On Tap  Investor's Business Daily

Politics

6 d. ago BYD profits fall as mainland price war swamps EV export surge

China’s electric-vehicle (EV) king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market. The Shenzhen-based company earned 6.4 billion yuan (US$894.6 million) in the three months to June, down 29.9 per cent from a year earlier. Revenue grew 14 per cent year on year to 201 billion yuan. The second-quarter numbers are derived by comparing BYD’s interim earnings to its results for...

Economics

6 d. ago A Chinese robot vacuum maker is not only trying to build luxury EVs, but compete with Bugatti

A Chinese robot vacuum maker is not only trying to build luxury EVs, but compete with Bugatti  Electrek

Politics

9 d. ago Chinese humanoid robotics firms adopt Nvidia’s new ‘robot brain’

Chinese humanoid robot makers – including Unitree Robotics, AgiBot, Galbot, Engine AI and UBTech Robotics – have become early adopters of Nvidia’s latest product that enables their machines to have real-time, intelligent interactions with people. The Jetson AGX Thor developer kit and production modules, which Nvidia launched on Monday, are computers designed to power robots across industries including manufacturing, logistics, transport, healthcare, agriculture and retail. Built on an Nvidia...

Politics

1 week ago Early Chinese Tesla Model Y L reviews show good dynamics, cramped 3rd row

Early Chinese Tesla Model Y L reviews show good dynamics, cramped 3rd row  Electrek

Politics

1 week ago Li Ning’s interim profit dips 11% amid tough competition in sportswear market

Chinese sportswear and equipment maker Li Ning posted a drop in interim profit, as weak consumer sentiment weighed on spending and intensifying industry competition squeezed profitability, with management warning of “stronger-than-expected” challenges in the second half. Net profit for the six months to June fell 11 per cent to 1.74 billion yuan US$241.9 million from a year ago under global accounting standards, according to a statement late on Thursday. Sales rose 3 per cent to 14.82 billion...

Economics

2 w. ago Tesla (TSLA) Expands Model Y Lineup in China Amid Intensifying EV Competition

Tesla (TSLA) Expands Model Y Lineup in China Amid Intensifying EV Competition  Yahoo Finance

Politics

2 w. ago Drone leader DJI’s latest challenger is a Chinese robot vacuum maker

Dreame Technology, a Chinese brand known for its robot vacuum cleaners, is actively recruiting drone experts in what is seen as a move to compete with DJI, the dominant player in the market, amid growing competition from innovative hardware start-ups. The company is advertising at least 10 positions – including drone navigation modelling algorithm engineer, drone test pilot, drone operations sales director and business director for the pan-aviation industry – according to job postings on the...

Politics

2 w. ago China’s Android phone brands promote new privacy permission platform

China’s five leading Android-system smartphone brands – Honor, Lenovo, Oppo, Vivo and Xiaomi – have formed a platform to promote a new privacy permission system, marking a key step towards standardising privacy protection among Android users in the artificial intelligence era. As Chinese smartphone makers rush to equip AI features, the issue of user data collection has become the focus of debate. The initiative by the five brands aims to strike a balance between privacy protection and user data...

Events

2 w. ago Chinese EV sector’s global push, BYD takes on Tesla in Hong Kong: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Can China forge an offshore economic empire? EV producers are feeling the way The electric vehicle (EV) industry, formerly one of China’s most inward-focused industrial sectors, is now leading a push overseas, carrying the government’s hopes of forging an offshore economic empire to...

Politics

2 w. ago Chinese EV makers report sales dip in July; latest Tesla Model 3: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Can China forge an offshore economic empire? EV producers are feeling the way The electric vehicle (EV) industry, formerly one of China’s most inward-focused industrial sectors, is now leading a push overseas, carrying the government’s hopes of forging an offshore economic empire to...

Politics

2 w. ago Tesla expands China lineup with new Model Y L starting at $47,200

Tesla expands China lineup with new Model Y L starting at $47,200  CBT News

Politics

2 w. ago How Tesla’s New Model Y L in China May Catapult Its Stock to New Highs

How Tesla’s New Model Y L in China May Catapult Its Stock to New Highs  TipRanks

Politics

2 w. ago Tesla’s revamped Model Y aimed at regaining mainland market share from rivals

Tesla China has priced its six-seat Model Y variant about 30 per cent higher than its basic edition and has started accepting orders from customers who prefer spacious, long-range electric vehicles (EVs) for family use. The US carmaker announced on Tuesday that the upgraded version of the Model Y would sport a price tag of 339,000 yuan (US$47,182), compared with 263,500 yuan for the entry-level edition currently. The three-row SUV with a driving range of 751km is 25,500 yuan, or 8 per cent, more...

Economics

2 w. ago Tesla starts taking orders for its new Model Y L in China from around $47,200 By Reuters

Tesla starts taking orders for its new Model Y L in China from around $47,200 By Reuters  Investing.com

Politics