Daily Archive: January 13, 2023

Tesla dramatically lowered the prices of its Model 3 and Y cars and also cut prices for several European countries, according to reports.

After steadily increasing prices over the past couple of years, Tesla has cut them massively across its lineup in the US and Europe..

After steadily increasing prices over the past couple of years, Tesla has cut them massively across its lineup in the US and Europe.

WM Motor, a Chinese electric-car star that has fallen on hard times, is reversing into an ambitious Plan C. After two earlier attempts at an initial public offering floundered, the group founded by Zhejiang Geely veteran Freeman Shen will at last go public by selling its auto business to Hong Kong-listed Apollo Future Mobility for $2 billion.

Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company's website.

Tesla Inc.

The construction will serve as a base for Polestar’s Arctic test drives.

Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters, in a move that would reduce the company's reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion. The investment in northern Vietnam would exceed $250 million, one of the people said, expanding parent BYD Co's presence in Vietnam, where its electronic unit produces solar panels. The move underscores a wider trend by manufacturers to reduce their exposure to China amid trade tensions with the United States and production disruptions caused by Beijing's previous COVID-19 lockdowns.

Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters, in a move that would reduce the company's reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion.

Tesla cut the prices on its top-selling electric vehicles for the U.S. market on Friday, the automaker's website showed. The price cuts on the Model 3 and Model Y ranged between 6% and 20% on the prices that held before the discount, according to a Reuters calculation.