Automundo China

WASHINGTON (Reuters) -The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk's Chinese investments by scrapping provisions restricting U.S. investments. Representative Rosa DeLauro said in a letter that Musk, CEO of electric car maker Tesla, may have upended the government funding process to remove a provision that would regulate U.S. investments in China given his "extensive investments in China in key sectors and his personal ties with Chinese Communist Party leadership, and calls into question the real reason for Musk’s opposition to the original funding deal."

Tesla is recalling nearly 700,000 vehicles over an issue with the warning light on the tire pressure monitoring system (TPMS).  The National Highway Traffic Safety Administration (NHTSA) wrote in a…

On December 20, BYD announced that it will present ATTO 2, an urban-focused B-SUV, at the Brussels Motor Show in January 2025, marking its public debut at the e ...

China marked the launch of its first large hydrogen fuel cell river containership on December 18. The vessel named Dong Fang Qing Gang will have the l...

The potential implementation of higher tariffs against China proposed by the incoming Trump administration has retail companies evaluating their operations in the region. Strategy Risks Founder and CEO Isaac Stone Fish joins Catalysts to analyze the implications for major companies, including Nike (NKE) and Tesla (TSLA). According to Fish, Nike's primary challenge centers on its regional sales performance. While the company maintains a "relatively high" supply chain presence, it faces mounting pressure from local competitors "that are trying to displace Nike" as Chinese officials aim to reduce foreign brands' dominance in its market. Fish emphasizes that "retailers and manufacturers need to make a decision about how much they're going to focus on China," citing weakening consumer demand and ongoing US-China tensions as key factors. Regarding Tesla's position in China, Fish observes that "Tesla's future in China is so tied to Trump's relationship with Musk" and how long that lasts. He highlights additional concerns about Tesla's data collection capabilities in China, noting that "there's a lot of concern that Teslas can drive into [or near] a military installation... and they're [China] a lot more paranoid about that than the Europeans or the Americans are on data protection." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith

Tesla's battery-electric vehicle registrations in Europe dropped 9.5% year-over-year in November 2024.

From December 2 to 15, the Denza D9 sold 3,580 units in China, ranking second behind the Voyah Dreamer, which sold 3,674 units.

In 2023, China produced around 6.7 million battery electric vehicles, an increase of 22 percent compared to the previous year.

In December 2023, China's new energy vehicle sales amounted to nearly 1.2 billion units, of which 1.1 billion were passenger electric vehicles and 62,000 were commercial electric vehicles.