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Tesla Model 3's Built in China Will Be Eligible for New Energy Vehicle Subsidies

Tesla Model 3's Built in China Will Be Eligible for New Energy Vehicle Subsidies

Tesla announced on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help boost Tesla’s push into China, the world’s biggest market for EVs and an important market for the California-based electric automaker.

FutureCar Staff 2019-12-06 15:15 PT

BMW to Build a New Auto Plant in China with Great Wall Motor to Produce the Electric MINI

BMW to Build a New Auto Plant in China with Great Wall Motor to Produce the Electric MINI

German automaker BMW and its Chinese partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year. The new plant will produce the BMW electric MINI and Great Wall Motor models.

Eric Walz2019-11-29 10:45 PT

Chinese Electric Vehicle Startup Xpeng Motors Raises $400 Million in Series C Funding

Chinese Electric Vehicle Startup Xpeng Motors Raises $400 Million in Series C Funding

Electric vehicle startup Xpeng Motors today announced the signing of its Series C capital funding of US$400 million. The funding comes from a group of strategic and institutional investors, including corporate and individual investors and private equity firms.

Eric Walz2019-11-12 17:00 PT

Tesla Unveils the First Model 3 Sedans Made in China

Tesla Unveils the First Model 3 Sedans Made in China

Tesla unveiled its first run of vehicles built in China late last week, an important milestone for the company as it prepares to start sales of domestically made electric sedans in China. The Deep Metallic Blue-painted Model 3s include Tesla badging in Chinese characters, differentiating them from their U.S. built counterparts.

FutureCar Staff 2019-11-11 16:30 PT

Toyota & BYD Establish Joint Company in China for Electric Vehicle Development

Toyota & BYD Establish Joint Company in China for Electric Vehicle Development

China’s BYD Company Ltd. (BYD) and Japan’s Toyota Motor Corporation announced that they have signed an agreement to establish a joint company to research and development of electric vehicles.

Eric Walz2019-11-08 11:00 PT

EV Startup NIO to Partner with Intel’s Mobileye on Self-Driving Cars

EV Startup NIO to Partner with Intel’s Mobileye on Self-Driving Cars

Chinese electric car startup Nio is partnering with Intel’s autonomous driving subsidiary Mobileye to develop self-driving vehicles for the consumer market in China and eventually to other overseas markets.

Eric Walz2019-11-05 10:05 PT

Toyota Enters Partnership With Chinese Startup Pony.Ai for Autonomous Tech

Toyota Enters Partnership With Chinese Startup Pony.Ai for Autonomous Tech

The new partnership looks to be promising for both companies, as they’ve set their sights on coming out with a pilot in September that will see self-driving tech being driven around in Beijing and Shanghai.

Vineeth Joel Patel2019-09-02 05:45 PT

China Will Exempt Tesla Vehicles From 10% Purchase Tax

China Will Exempt Tesla Vehicles From 10% Purchase Tax

In what could be a big boost for Tesla, China will exempt the automakers’ electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.

FutureCar Staff 2019-08-30 06:30 PT

China’s Tesla Rival NIO to Lay Off 1,200 Workers After Co-Founder Announces His Retirement

China’s Tesla Rival NIO to Lay Off 1,200 Workers After Co-Founder Announces His Retirement

Chinese electric automaker NIO plans to reduce its workforce by at least 1,200 by the end of September, William Li, founder, chairman and CEO of the high-profile EV startup revealed yesterday in an internal email to employees.

FutureCar Staff 2019-08-23 16:30 PT

Renewed Chinese Auto Tariffs Would Cost U.S. Jobs, Industry Coalition Warns

Renewed Chinese Auto Tariffs Would Cost U.S. Jobs, Industry Coalition Warns

The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.

FutureCar Staff 2019-08-23 16:02 PT

NIO Reports Fewer Deliveries in July After its Flagship ES8 SUV was Recalled for Battery Issues

NIO Reports Fewer Deliveries in July After its Flagship ES8 SUV was Recalled for Battery Issues

Chinese electric automaker NIO Inc's stock fell nearly 4 percent on Monday, to $3.02 per share, after the company announced July deliveries and battery recalls on nearly 5,000 of the automaker's ES8 SUVs.

Eric Walz2019-08-13 13:45 PT

Didi Chuxing Spins Off its Autonomous Driving Unit as an Independent Company

Didi Chuxing Spins Off its Autonomous Driving Unit as an Independent Company

Didi Chuxing, the world’s largest transportation provider, announced that it has spun off its autonomous driving unit into an independent company. Didi said new unit will continue to focus on research and development, product application, and business development related to autonomous driving technologies.

Eric Walz2019-08-05 12:05 PT

BP Forms Joint Venture with Didi Chuxing to Build EV Charging Hubs in China

BP Forms Joint Venture with Didi Chuxing to Build EV Charging Hubs in China

BP said on Thursday it would build a network of electric-vehicle charging hubs in China together with transportation provider Didi Chuxing, as the London-based petroleum giant turns to the world’s largest auto markets to boost profits.

FutureCar Staff 2019-08-01 15:40 PT

BMW, Tencent to Open Computing Center in China For Self-Driving Cars

BMW, Tencent to Open Computing Center in China For Self-Driving Cars

German automaker BMW and Chinese internet technology giant Tencent Holdings are teaming up to launch a computing center in China that will help support self-driving cars in the world’s biggest auto market, the companies said on Friday.

Eric Walz2019-07-19 13:35 PT

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Chinese electric vehicle startup Xpeng Motors unveiled its new G3 sport utility vehicle today, which offers a longer range and other technology improvements from the previous model. Xpeng is aiming to compete with Tesla and other domestic automakers in China with its more affordable lineup of advanced electric vehicles.

Eric Walz2019-07-10 14:44 PT

Volkswagen Says 50% of China Sales will be NEVs by 2035

Volkswagen Says 50% of China Sales will be NEVs by 2035

By 2035 half of Volkswagen’s sales in China will be new energy vehicles (NEVs), the automaker's CEO Herbert Diess told a conference in Boao, China, on Tuesday.

FutureCar Staff 2019-07-02 12:00 PT

China Increases EV Safety Checks After Tesla, NIO Fires

China Increases EV Safety Checks After Tesla, NIO Fires

After a few high-profile fires involving Tesla and NIO’s electric cars, China is now requiring automakers to double check their EVs.

Vineeth Joel Patel2019-06-19 07:07 PT

EV Startup NIO Begins Deliveries of its ES6 Crossover

EV Startup NIO Begins Deliveries of its ES6 Crossover

Chinese electric vehicle startup NIO has started deliveries of its second mass-market electric crossover to customers in China. The ES6 is a smaller version of the automaker’s ES8 full-size electric SUV.

FutureCar Staff 2019-06-18 16:59 PT

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Electric automaker Tesla sought since last summer a tariff exemption for the Chinese made “brain” or CPU that is used in the Model 3 and another for the center-mounted touchscreen display. Both requests have been officially denied.

Eric Walz2019-06-13 11:41 PT

EV Startup NIO Announces New Joint Venture, Sends Stock 4% Higher

EV Startup NIO Announces New Joint Venture, Sends Stock 4% Higher

Shares in Chinese electric automaker NIO Inc. closed up nearly 4 percent Tuesday, closing at $4.00 a share after the electric automaker posted first-quarter earnings and announced it will form a joint venture with an investment corporation called NIO China.

FutureCar Staff 2019-05-28 18:19 PT

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