Category: China

Evergrande NEV, mired in losses, announces $500 million investment from Middle Eastern investor

NWTN will get a 27.5 percent stake in Evergrande NEV and the right to nominate a majority of the board of directors, valuing the Chinese carmaker at $1.82 billion.

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BREAKING: Tesla cuts Model Y prices in China, offers insurance subsidy for Model 3

Tesla cut the prices of two pricier versions of the Model Y by RMB 14,000 in China and started offering an RMB 8,000 insurance subsidy for the Model 3 entry-level version in inventory.

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