In the fourth quarter, Tesla's revenue from China was a record $6.1 billion, or 24.25 percent of its total revenue.
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Author: Phate Zhang
BYD expects profit growth of up to 86.49% in 2023
BYD achieved a significant improvement in earnings, demonstrating strong resilience despite tougher competition in the industry, the company said.
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Battery maker Gotion expects 2023 net profit to increase by up to 253%
Gotion said further reductions in raw material costs and the introduction of Volkswagen's management system have helped it improve efficiency.
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MG launches limited-edition new variant for electric roadster Cyberster in China
The new variant of the Cyberster revives the color scheme of some of the classic models in MG's history, with only 100 units offered in the first round of sales.
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Tesla’s new Model 3 Performance could be launched in China in Q2, report says
The new Tesla Model 3 Performance is expected to go on sale in China in the second quarter, and its price tag will likely be close to RMB 400,000 yuan, according to local media.
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CATL, Didi form JV for battery swap business
The JV will cater to the ride-hailing market and provide battery swap services for NEVs, CATL said.
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Xpeng to upgrade 1 of its plants for about 20 days to prepare for new model
The upgrade, which is due to be completed by the end of February, is aimed at preparing for a new model and boosting the plant's capacity.
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Tesla to start Cybertruck tour in China on Jan 28, here are 8 locations it’ll make its debut
Cybertruck's tour of China will begin on Sunday, January 28, and will debut in eight cities.
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China’s solid-state battery planned capacity to exceed 128 GWh by 2025, analysts say
China already has 10 GWh of capacity for solid-state batteries, with more than 128 GWh planned for medium-term capacity, CITIC Securities said.
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Huawei-Chery joint brand Luxeed faces delivery challenges with production of just dozens per day
Luxeed is currently promising wait times of 10-12 weeks, which is long enough to change consumer buying decisions.
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