Tesla to deliver strong Q1 retail sales in China - brokerage data
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Tesla (TSLA) expects to lose tax credit on standard Model 3
March 23, 2023 7:53 AM EDTElectrek reports Thursday, citing people familiar with the matter, that Tesla (NASDAQ: TSLA) told employees they expect to lose the full $7,500 federal tax credit on their cheapest electric car, the Model 3 Standard range.
The communication to employees appears to have been done to prepare buyers of those vehicles,... More
Baidu’s (BIDU) Apollo gains approval to test autonomous vehicles in Shanghai
March 22, 2023 2:00 PM EDTApollo, Baidus (NASDAQ: BIDU) smart car business, announced Wednesday that the Chinese tech giant has received approval to be among the first companies to test fully autonomous vehicles in Shanghai.
Apollo currently operates driverless robotaxi services in specially designated areas of... More
VW aiming for 3M small EVs produced in Spain between 2025-2030
March 22, 2023 8:48 AM EDTWayne Griffiths, the chairman of Volkswagen's Spanish unit SEAT, said on Wednesday that the German carmaker plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030.
Griffiths said in a news conference that SEAT aims to assemble 500,000 electric cars a year in the... More
Data suggests a very strong Q1 for Tesla (TSLA) in China
March 21, 2023 9:05 AM EDTBrokerage data surrounding Tesla (NASDAQ: TSLA) shows that the EV company is poised to report one of its best quarters in China.
According to data from China Merchants Bank International, the U.S. EV maker's retail sales in China totaled 106,915 units from Jan. 1 to March 19, or 1,371 units per day on... More
Slowing demand has BYD reducing shifts at China EV plants
March 21, 2023 8:21 AM EDTReuters reports Tuesday, citing people with knowledge of the matter, that BYD has reduced shifts at two auto assembly plants in China.
According to three of the sources and an internal memo sent earlier this month, BYD, which outsells Tesla (NYSE: TSLA) in China, asked some of the workers at its Xian plant, its biggest manufacturing hub, to work only four days a... More
