Tesla Receives Approval to Deploy Driver-Assistance System in China After Elon Musk’s Visit In an exciting turn of events, Tesla Inc. has been granted in-principle approval from government officials in China to deploy its highly anticipated driver-assistance system. This milestone agreement follows Elon Musk’s brief visit to China and marks a significant achievement for the … Read more
Tesla’s Former CEO Expresses Concern Over Scrapping Cheap Car Tesla’s Former CEO Expresses Concern Over Scrapping Cheap Car Martin Eberhard, the former Chief Executive Officer of Tesla Inc., has expressed his disappointment that the automaker may have abandoned plans for its affordable electric vehicle. Eberhard, who co-founded Tesla in 2003, believes that reducing the price … Read more
China’s electric vehicle market is expected to slow down this year for the second time in 2023. Economic recovery from the new coronavirus pandemic (global pandemic) has been delayed, and consumer sentiment has worsened. According to the Japan Passenger Car Market Information Association, shipments of battery electric vehicles (EVs) and plug-in hybrid vehicles to dealers … Read more
Tesla announced on the 2nd that it would sell 484,507 units for the October-December 2023 period (fourth quarter), exceeding the average analyst estimate of 483,173 units. However, China’s BYD sold 526,409 units in the quarter, dethroning it as the world’s number one electric vehicle (EV) company. BYD is selling mainly in the Chinese market due … Read more