Automundo China

Eberhard expressed regret over Tesla's cancellation of affordable car plans due to Chinese competition, impacting Musk's strategy of luxury models funding low-cost variants like the now-cancelled Model 2 and self-driving robotaxis development.

A Tesla Inc founder and former chief executive, Martin Eberhard, said on Tuesday it was a "shame" to hear that the company was scrapping its low-cost car plans amid fierce competition in China. Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. Reuters reported on Friday that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive its growth.

By settling a lawsuit stemming from a Model X crash six years ago, Tesla avoids having the self-driving capabilities of its cars scrutinized in open court

Walter Huang was killed on the way to work in 2018 when his Model X swerved off a highway near San Francisco. His family had alleged that Autopilot steered the vehicle into a highway barrier.

The PA75 project's battery is the first battery swap-enabled pack for FAW's HME battery platform for its Hongqi brand, FAW-FinDreams said.

BEIJING: The accusations of “overcapacity” in China’s electric vehicle (EV) industry from the United States and Europe are baseless, and the Chinese government will actively support its companies in protecting their legitimate rights and interests, say China’s top commerce official in Paris.