Tag: china
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Tesla considering importing EVs to India from China – Report
Electric automobile market in India appears to have been pulling on a great deal of attention from the significant players overseas. Continuous and slow steps are been taken in exactly precisely the same direction Although the nation is far from ready for these. Having a number of neighborhood EV firms sprouting out across various corners.…
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Tesla Gets Government Approval To Start Building Cars In China
Tesla has been given permission to start local production of its own vehicles at Gigafactory 3 in Shanghai. Confirmation arrived Thursday, when Tesla was inserted to a government record of authorized automotive manufacturers in the Ministry of Industry and Information Technology, Reuters reports. With this acceptance, the automaker can start production the moment it’s prepared.…
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Tesla Gigafactory 3: From ‘muddy field’ to Model 3 production facility in 1 year
Tesla’s Gigafactory 3 China has seen remarkable growth. Back in October 2018, the Gigafactory 3 complex was but a huge plot of land which has been being flattened. The site is a bustling region dominated by an overall assembly construction that is expected to begin generating the Tesla Model 3, the automobile manufacturer s most…
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Why Tesla’s Planned China Price Hikes Shouldn’t Worry Investors
Tesla’s cars will be more expensive in China. But that doesn’t mean that the firm ’s investors should worry about. The electric vehicle manufacturer plans to raise prices in China beginning on Friday, Reuters reported, citing people familiar with the matter. The movement is likely a reaction to this slumping yuan, that has weakened against…
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Trump adds tariffs to $550 billion of Chinese imports in trade war reprisal
President Trump announced Friday on Twitter which tariffs on Chinese imports increases 5 percentage points in a tit-for-tat reaction to China’s plans to set new obligations on U.S. goods. Approximately $250 billion of goods created by China and imported into the U.S. have a 25 percent deduction. This increase will push tariffs to 30% starting…
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Fearing ‘Foreign Influence’, Australia Ends Chinese Language Program
State New South Wales is cutting off its own public school program ’s ties into a China-funded Mandarin language program. ” The nation ’s department of education announced Thursday the Confucius Institute program will be axed in the 13 schools in which it now operates. The Institute did not respond to a request for comment.…
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Electric Car Gold Rush: The Auto Industry Charges Into China
In a drab industrial zone of western Shanghai, amid factories that each year crank out hundreds of thousands of gasoline-powered cars, transmissions, and engines, the world’s largest automaker is racing to finish a new sort of plant, one that will produce a car unlike any it has made before. The 74-acre facility will have a…
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Amid Protests, Hong Kong’s Stock Exchange May Lose Chance at Alibaba Listing—Again
Protests in Hong Kong may cost the city’s stock exchange its biggest catch in years. Alibaba Group, China’s largest e-commerce group by market cap, has reportedly decided to postpone its $15 billion Hong Kong listing later this month, citing the current political and financial instability of the Special Administrative Region. According to Reuters, the decision…
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GM And Ford Say They’re Preparing For An Economic Downturn
General Motors and Ford say they are getting ready for a possible financial downtown which could be triggered by the continuing trade war involving the United States and China, Reuters reports. Speaking at a current J.P. Morgan Conference in New York, Ford North American chief financial officer Matt Fields explained the automobile manufacturer has a…
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Nio electric vehicles sales took a hit as it scrambled to handle battery recall
Nio delivered just 837 electric cars in July, a nearly 38% drop from the previous month that was mostly caused by a voluntary recall of its high-performance ES8 SUV. The Chines automotive startup issued a voluntary recall in June of almost 5,000 ES8 SUVs following a streak of battery fires in China and another investigation…