Automundo China

A Tesla programme manager in California posted a spreadsheet on LinkedIn of over 140 staff, mostly engineers, who had been laid off and were seeking new jobs.

China is Tesla's second-largest market after the US, contributing 34.23 percent of its global deliveries in the first quarter.

Tata's likely deal with Tesla to supply semiconductor chips marks a significant milestone for India, enhancing its strategic power globally. As countries invest in semiconductor manufacturing, India's focus on legacy chips positions it as a reliable supplier in the global chip value chain, contributing to its self-reliance and influence.

Thousands of Chinese cars are parked idly in European ports, their tires slowly deflating. This can be attributed in part to the weak demand for electric cars. However, China is determined to conquer European markets and is subsidizing its car manufacturers. Could electric cars soon be much cheaper?

Global EV sales volume grew by 30% in 2023.

Macquarie initiated coverage on shares of BYD (OTCMKTS:BYDDY – Free Report) in a report published on Monday, StockNewsAPI reports. The firm issued an outperform rating on the stock. Separately, Nomura began coverage on shares of BYD in a report on Wednesday, February 28th. They issued a buy rating for the company. Get Our Latest Report […]

According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.

Tesla's global job cuts hit China sales team, sources say