Automundo China

In a strategic move to bolster its presence in the world's largest automotive market, Japanese automaker Toyota Motor Corp. announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai.

Beijing (Gasgoo)- On February 5, Tesla announced via its official Weibo account a limited-time insurance subsidy of 8,000 yuan for all locally-made Model 3 var

Tesla has launched significant financial incentives in China to boost sales as the Year of the Snake begins. Buyers can receive up to 8,000 yuan for vehicle insurance and benefit from a five-year interest-free loan. This marks the most substantial promotion for the Model 3 since its release in 2019. The aggressive pricing strategy is intended to counter lagging overseas deliveries caused by tariff issues. Experts caution that these moves could lead to a price war that may impact profit margins across the industry. Increased competition may force dealerships to adapt or risk going out of business. Overall, Tesla’s actions

EV giant Tesla has launched a limited-time insurance subsidy of 8000 yuan in China on the purchase of a new Model 3 vehicle.

China Universal Asset Management Co. Ltd. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,368 shares of the electric v

Toyota is launching a new electric vehicle venture in Shanghai to enhance its presence in the Chinese market. A partnership with the Shanghai government will establish a dedicated company for electric vehicles and battery technology in the Jinshan District. The Lexus brand will spearhead this initiative, with a planned rollout of first models by 2027. This will be Lexus’s first factory in China, marking a significant shift for Toyota in the electric luxury market. The company aims to counter declining global sales and adapt its offerings to suit Chinese consumer preferences. Toyota is committed to electrification, positioning itself competitively against

Trump's EV Policy Shift Shakes Indonesia's Nickel Industry and Fuels China's Hold - La Noticia Digital