Automundo China

The company’s fortunes could depend on celebrity CEO Elon Musk keeping focus.

The Ministry of Industry and Information Technology, China's top industry regulator, said in an exclusive interview with China Daily that it will step up efforts to encourage Chinese new energy vehicle enterprises to accelerate overseas development, warning that the restrictive measures imposed by a "certain country and region" on Chinese electric cars will undermine interests of global consumers.

Cars News: Highlighting China's EV industry's reliance on technological advancement and robust market competition rather than subsidies, Wang asserted that claim

After more than a decade of subsidizing its automakers, China has built a substantial car industry that accounts for 60% of global electric vehicle sales.

The accusations of "overcapacity" in China's electric vehicle 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, said China's top commerce official in Paris.

Tesla has canceled its long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages.

Insiders claim entry-level electric Tesla is no more