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Continue reading Tesla owners sue, say software updates cut range by 20%, break batteries
Tesla owners sue, say software updates cut range by 20%, break batteries originally appeared on Autoblog on Fri, 12 May 2023 14:13:00 EDT. Please see our terms for use of feeds.
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Continue reading NBCUniversal's Linda Yaccarino to replace Elon Musk as Twitter CEO
NBCUniversal's Linda Yaccarino to replace Elon Musk as Twitter CEO originally appeared on Autoblog on Fri, 12 May 2023 10:00:00 EDT. Please see our terms for use of feeds.
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Continue reading Tesla recalls 1.1 million cars in China over braking defect
Tesla recalls 1.1 million cars in China over braking defect originally appeared on Autoblog on Fri, 12 May 2023 09:15:00 EDT. Please see our terms for use of feeds.
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Continue reading Tesla raises U.S. prices for all its vehicles except Model 3
Tesla raises U.S. prices for all its vehicles except Model 3 originally appeared on Autoblog on Fri, 12 May 2023 08:15:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsShanghai will further deepen its cooperation with Tesla to promote the EV maker's businesses including self-driving and robotics in the city, a local official said.
(Image credit: CnEVPost)
Tesla's FSD (Full Self-Driving) may be getting closer to being available in China.
Shanghai will further deepen its cooperation with Tesla to promote the electric vehicle (EV) maker's businesses including self-driving and robotics in the city, a local official said.
The city will work with Tesla to build a technology industry cluster with core technology advantages for the global market, Chen Kele, deputy director of intelligent manufacturing promotion division at Shanghai Municipal Commission of Economy and Informatization, said today.
Tesla's factory in Shanghai received a tour by local media today, and Chen mentioned this during a media briefing, according to The Paper.
Chen did not directly mention Tesla's FSD, but it was the first hint of support from a Chinese official for Tesla's FSD software.
Tesla, despite being a pioneer among EV companies in exploring autonomous driving, has been seen as slow to move in the area in China.
The EV maker is about to begin wide-scale testing of FSD in China, local media outlet Caixin said in an April 3 report.
All Tesla vehicles currently come with the free Basic Autopilot (BAP) software. In addition, Tesla also offers Enhanced Autopilot (EAP), FSD software as options.
EAP and FSD cost $6,000 and $15,000 respectively in the US and RMB 32,000 ($4,600) and RMB 64,000 respectively in China.
Tesla has made a positive contribution to the construction of a world-class automotive industry center in Shanghai, supporting the city's steady industrial economic growth, Chen said at today's event.
Tesla produced 727,000 vehicles in 2022, up 49.7 percent year-on-year, with an industrial output value of RMB 183.9 billion, Chen said, adding that this represents 23 percent of Shanghai's auto manufacturing output, driving industrial output growth by 1.3 percentage points.
($1 = RMB 6.9498)
Tesla reportedly to begin large-scale testing of FSD in China
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Baillie Gifford trimmed its holdings in NIO and Tesla by 0.77 percent and 2.83 percent, respectively, in the first quarter, but the value of its holdings in them rose.
Baillie Gifford held 120,132,616 shares of NIO's US-traded ADRs at the end of the first quarter, according to a 13F filing posted on the SEC's website on May 3.
That's down 926,459 shares, or 0.77 percent, from 121,059,075 at the end of the fourth quarter, CnEVPost's calculations show.
During the fourth quarter of last year, Baillie Gifford's position in NIO increased by 24,277,897 shares or 25.09 percent.
Baillie Gifford's holdings in NIO were worth $1.26 billion at the end of the first quarter, up 6.97 percent from $1.18 billion at the end of the fourth quarter.
NIO rose 7.79 percent in the first quarter after it fell 38 percent in the fourth quarter of last year.
In addition to reducing its position in NIO slightly, Baillie Gifford also reduced its holdings in Tesla slightly in the first quarter.
At the end of the first quarter, the fund held 26,054,483 shares of Tesla, down 759,855 shares, or 2.83 percent, from 26,814,338 shares in the fourth quarter of last year.
However, Baillie Gifford's holdings in Tesla were worth $5.4 billion at the end of the first quarter, up 63.65 percent from $3.3 billion in the fourth quarter of last year, due to a big jump in Tesla's stock price in the first quarter.
Tesla rose 68.42 percent in the first quarter after it fell 59 percent in the fourth quarter of last year.
Baillie Gifford previously held Li Auto (NASDAQ: LI), but liquidated its position in the extended-range electric vehicle (EREV) maker in the fourth quarter of last year.
As of March 31, Baillie Gifford did not own Li Auto, XPeng (NYSE: XPEV) or BYD (OTCMKTS: BYDDY) shares.
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It includes Model 3 and Model Y produced domestically between 12th January 2019 and 24th April 2023.
The post Tesla recalls over 1.1 million vehicles in China due to accelerator pedal alert issue appeared first on CarNewsChina.com.
This article is being updated, please refresh later for more content.
Tesla is conducting its biggest recall in China in its history, albeit one that was caused by a software setting and can be fixed via OTA.
Effective May 29, 2023, Tesla is recalling a total of 1,104,622 imported Model S, Model X, Model 3 and China-made Model 3, Model Y vehicles with production dates between January 12, 2019 and April 24, 2023.
The vehicles included in the recall do not allow the driver to select an energy recovery braking strategy, according to a statement from China's State Administration for Market Regulation (SAMR).
Also, the driver may not have been provided with sufficient warning of prolonged deep depression of the accelerator pedal.
The combination of the above factors may increase the probability of misusing the accelerator pedal for a long period of time, which may increase the risk of a collision and present a safety hazard.
Tesla plans to push newly developed features for vehicles covered by the recall through OTA updates to reduce the risk of crashes caused by excessive speed due to prolonged deep pressing of the accelerator pedal.
The new features include (1) an option to allow drivers to select energy recovery braking intensity on vehicles that do not have energy recovery braking intensity selection, (2) adjustment of the factory default state of the vehicle's energy recovery braking strategy, and (3) an alert when the driver depresses the accelerator pedal deeply for an extended period of time.
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From January to April, the Model Y sold 121,407 units, making it the second-best-selling new energy SUV in China during this period. | TSLA.US
Tesla's retail sales in China in April included 13,196 Model 3 electric sedans and 26,760 Model Y electric crossovers, according to data released today by the China Passenger Car Association (CPCA).
Figures released earlier this month by the CPCA show that Tesla sold 75,842 China-made vehicles in April, including 35,886 units exported.
That means Tesla delivered 39,956 vehicles in China in April, with 47.32 percent of the vehicles produced at the Shanghai plant being exported.
The US electric vehicle maker's plant in Shanghai currently only produces the Model 3 as well as the Model Y. Including exports, the two models sold 26,783 and 49,059 units in April, respectively, according to the CPCA.
Today's figures mean that Tesla's Shanghai plant exported 13,587 China-made Model 3s and 22,299 China-made Model Ys in April.
In China, Model Y sales in April were up 2,687.50 percent from 960 units in the same month last year, but down 51.29 percent from 54,937 units in March.
Model 3 sales in China in April were up 2,290.58 percent from 552 units a year ago, but down 39.26 percent from 21,726 units in March.
These changes are due to the fact that Tesla's sales in China fell sharply last April due to the Covid lockdown in Shanghai, and its pattern of producing vehicles primarily for export in the first half of each quarter.
In the rankings released today by the CPCA, the Model Y was the third best-selling new energy SUV in April.
BYD Song and BYD Yuan Plus were the top 2 best-selling new energy SUVs in April with 33,007 and 28,931 retail sales, respectively.
From January to April, the Model Y sold 121,407 units, up 60.5 percent year-on-year, and was the second best-selling new energy SUV during this period, according to the CPCA's rankings.
The BYD Song was the top-selling new energy SUV from January to April, with 174,422 units, up 83.0 percent year-on-year.
Among the top 10 new energy sedans in April, the Tesla Model 3 came in at No. 7, while NIO's (NYSE: NIO) ET5 sedan failed to make the list.
Among the top retail sales of new energy sedans from January to April, the Tesla Model 3 ranked No. 5, while the BYD Qin ranked No. 1 with 130,602 units.
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Including exports, China-made Model 3 and Model Y sales in April were 26,783 and 49,059 vehicles, respectively, according to the CPCA. | TSLA.US
Tesla (NASDAQ: TSLA) sold 75,842 China-made vehicles in April, including 35,886 units exported, according to data released today by the China Passenger Car Association (CPCA).
This means that Tesla delivered 39,956 vehicles in China in April, with 47.32 percent of the vehicles produced at the Shanghai plant being exported.
By comparison, Tesla delivered just 1,512 vehicles in China last April, when none were exported, due to the Covid lockdown in Shanghai.
The US electric vehicle maker's factory in Shanghai currently produces only the Model 3 and the Model Y. Including exports, the two models sold 26,783 and 49,059 units in April, according to the CPCA.
The breakdown figures of Model 3 and Model Y sales in China are expected to be available in a few days.
Retail sales of new energy vehicles (NEVs) in China in April were 527,000, with 370,000 battery electric vehicles (BEVs) sold, according to the CPCA.
This means that Tesla's share of the NEV market in China in April was 7.58 percent and its share of the BEV market was 10.80 percent. These two figures were 14.12 percent and 20.02 percent respectively in March.
It is worth noting that Tesla's model is to produce cars for export in the first half of the quarter and for the local market in the second half.
Tesla slightly raised the prices of all its available models in China earlier this month, which the CPCA believes will be helpful in boosting sales.
Tesla's price increase is a good signal to dispel the wait-and-see mentality of consumers who are overly expecting price cuts, the CPCA said in a report today.
On May 2, the prices of the Model 3 and Model Y were all raised by 2,000 yuan ($290) in China, an increase of less than 1 percent.
On May 5, prices for the full lineup of the new Model S and Model X, which are not manufactured in China, were all raised by RMB 19,000.
(1 $= RMB 6.9274)
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