Tag: shanghai
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Huawei is not a carmaker. It wants to be the Bosch of China
One after another, Chinese technology giants have announced their plans for the auto space throughout the past couple of months. Some internet businesses, such as search engine provider Baidu, made a decision to recruit support from a conventional carmaker to create cars. Xiaomi, which makes its smartphones but has stressed for many years it’s a…
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Tesla mulls cars tailored to China amid mounting criticisms
Tesla is working on vehicles tailored to Chinese customers as complaints about the standard of its electrical cars send shock waves through the internet in the country. The American EV giant is mulling new products which are going to be designed from the ground up to get China, Grace Tao, a vice president in Tesla,…
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The Station: Starship expands, AutoX opens up shop and a big moment for e-bikes
Hello and welcome back to The Station, a weekly newsletter specializing in the future (and present) of transportation. I’m host, Kirsten Korosec, senior transportation reporter in TechCrunch. Everything you is a version of this newsletter, which is emailed every weekend. If you would like to subscribe, go here and click The Station. The transportation market…
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Tesla is eyeing Nashville for Cybertruck gigafactory
Tesla is currently in discussions with Nashville officials to locate a mill there that will produce its all-electric Cybertruck and Model Y crossover,” according to a source familiar with the discussions. Tesla CEO Elon Musk tweeted Tuesday evening that the provider has been “scouting” places to construct a fresh U.S. gigafactory which will produce the…
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Tesla lands $1.4 billion from Chinese banks to build out its Shanghai gigafactory
Tesla has allegedly secured over $1.4 billion in financing in the form of loans from several Chinese banks so as to help fund the construction of its gigafactory in Shanghai. First Reuters and now Bloomberg reported that the funding as confirmed on Monday afternoon, with an official announcement to happen sometime this week. The loan…
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Nio lays off employees, sells racing team amid cash crunch
(Image credit: Nio) Chinese electric car maker Nio is allegedly Cutting around 40 percent of employees on its payroll focused on the study and development and advertising teams, although it’s going to also sell its Formula E staff as it deal with a liquidity crisis. Why it matters: Nio has taken a string of Measures…
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Elon Musk says The Boring Company will launch in China this month
Elon Musk Wishes to drill holes in China. Even the Tesla founder has tweeted to reveal that his tunnelling and transportation startup, The Boring Company, will be launching in China later this season. Musk is due to speak at an AI seminar, known as the World Artificial Intelligence Conference, taking place in Shanghai on August…
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Tesla ‘on track’ to begin Model 3 production at China factory by end of year
Tesla stated Wednesday that Model 3 production is on track to start in its Shanghai factory by the end of the season — a critical milestone for the automaker if it hopes to continue to raise sales and avoid the high cost of transport and tariffs. The Gigfactory Shanghai “continues to take shape,” Tesla composed…
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Tesla’s new China-made Model 3 opens for pre-order with a 13% price cut
Tesla’s big bet on China-based production is critical to a brand new effort to lure Chinese consumers with cheaper costs. Now the U.S. firm revealed that its incoming Model 3, which will be created in China, will market out of 328,000 RMB — which ’s around $47,500 plus some 13 percent more affordable than its…
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Autonomous truck startup TuSimple hits unicorn status in latest round
Another autonomous vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for clients in Arizona, has increased $95 million in a Series D financing round led by Sina Corp. as the firm prepares to scale its industrial autonomous fleet to over 50 trucks by June. The startup, which launched in 2015…