Automundo China
Tesla pulls a U-turn on affordable vehicle plans

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.
Tesla Robotaxis set for August launch, as Musk denies the project...

Insiders claim entry-level electric Tesla is no more
Tesla may have cancelled low-cost car plans. What does it mean...
Elon Musk previously said a more affordable Tesla is in the works but a new report suggests that the company has now dropped the plans and will instead, focus on robo-taxis.
China’s commerce minister says the West’s overcapacity concerns are ‘groundless,’ and...
The U.S. and Europe are increasingly concerned that Chinese subsidies are encouraging overinvestment in sectors like EVs.
Avatr rumored to be buying HiPhi
Avatr likely to takeover HiPhi in a deal to save the Chinese premium EV producer. Details of the deal have yet to be released but the deal is not being denied.
The post Avatr rumored to be buying HiPhi appeared first on CarNewsChina.com.
Chinese official: EV overcapacity accusations are baseless

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.
Will China flood globe with EVs, green tech? What’s behind latest...

WASHINGTON (AP) — China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet …
Will China flood the globe with EVs, green tech? What’s behind...
WASHINGTON (AP) — China's burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden...











