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Tesla’s cut prices in the U.S. yet again, this time by as much as $5,000

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Continue reading Tesla's cut prices in the U.S. yet again, this time by as much as $5,000

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Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

The Megafactory is initially planned to have an annual production capacity of up to 10,000 units of commercial energy storage batteries, with an energy storage scale of nearly 40 GWh.

will build a new Megafactory in Shanghai that will be dedicated to the production of Megapack, the company's energy storage product, according to an announcement today from the Shanghai Lingang management committee.

The Megafactory is initially planned to produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the products will be available to the global markets.

The factory is scheduled to start construction in the third quarter of this year and put into operation in the second quarter of 2024.

Notably, Tesla has been hiring for a Megapack project manager position in Shanghai since last month.

"You will interface with design engineering, manufacturing engineering, compliance, system test, reliability, supply chain and operations to define and drive development of new product programs while also managing change on existing programs," the job description reads.

A Megapack currently starts at $187,980,040 in the US, a reduction of nearly $30,000 from its initial price, with expected delivery in the first quarter of 2025.

Tesla's current business landscape consists primarily of electric vehicles and renewable energy, with the latter divided into solar and energy storage devices, currently available in Powerwall, Powerpack, Megapack and other products.

Megapack is a powerful battery that stores energy and supplies it, helping to stabilize the grid and prevent power outages.

Each Megapack unit can store more than 3 MWh of energy, enough to power 3,600 homes for one hour, according to Tesla's website.

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Drone maker DJI’s auto unit to supply BYD with assisted driving system, report says

The first BYD model to be equipped with DJI Automotive's assisted driving solution is the Sea Lion, an all-electric SUV expected to go on sale within the year, according to local media.

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) will use the assisted driving solution provided by DJI Automotive, the automotive division of local drone maker DJI, on some of its models, according to a report by 36kr today.

The first BYD model to feature DJI Automotive's solution is the yet-to-be-released Sea Lion, the report said, citing a person familiar with the matter, adding that their partnership involves a city NOA (Navigate on Autopilot) feature that doesn't rely on high precision maps.

The Sea Lion is an all-electric SUV in BYD's Ocean series, which is expected to go on sale within the year, the report said.

On July 28, 2022, Auto Home reported that BYD was building an SUV called Sea Lion, which could compete with 's Model Y.

The BYD Sea Lion has a sharp, sporty front end, Auto Home said, citing spy photos they obtained of the model.

DJI announced its automotive business, DJI Automotive, in April 2021 and said at the time that it had been in the auto parts business for five years.

In September 2022, SAIC-GM-Wuling launched the 2023 Baojun KiWi EV, with one version featuring DJI's smart driving system, the first time the system has been used in a production vehicle.

The DJI Automotive team, which currently numbers around 1,300 people, has previously partnered with SAIC-GM-Wuling and Volkswagen China, the 36kr report said, adding that its partnership with BYD is expected to open up the market further in terms of mass production of smart driving systems.

For BYD, the Sea Lion needs to have a strong intelligent configuration, or at least the shortcomings can't be too obvious, to be competitive, of which high-level assisted driving features are essential, 36kr's report said.

Although DJI Automotive has a low profile in China's electric vehicle industry, especially compared to Huawei, the company has had a number of achievements in assisted driving systems.

On April 2, DJI Automotive unveiled its next-generation smart driving solution at the China EV 100 Forum, which enables L2+ assisted driving functions including city NOA with as low as 32 TOPS of computing power without the need for high precision maps or LiDARs.

(Image credit: DJI Automotive)

The pure vision-assisted driving system also supports the addition of millimeter wave radars, ultrasonic radars, LiDARs, and high-precision maps to enhance the safety redundancy of the system, it said.

The solution provides both low-threshold access to high-level smart features for budget models and an advanced technology experience for mid- to high-end models, DJI Automotive said.

The solution is now in a usable state and is actively advancing mass production with partner car companies, DJI Automotive said on April 2.

Wuling refreshes KiWi EV, DJI's assisted driving system debuts in production vehicle

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China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

In the past five weeks, vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.

China's new energy vehicle (NEV) sector saw continued improvement last week, with most major players posting sales increases.

In the week ending April 2, insurance registrations for all vehicles in China were 465,500, up 46.9 percent year-on-year and up 19.9 percent from the previous week, according to data shared today by several auto bloggers.

Of these, 139,500 were NEVs, up 44.7 percent year-on-year and up 9.28 percent from the previous week, with a penetration rate of 29.96 percent.

Gasoline vehicles were 326,000 units, up 47.9 percent year-on-year and up 25.1 percent from the previous week.

vehicles continued to register the highest number of insurance units last week at 46,218, up from 43,490 the previous week.

In the past five weeks -- February 27 to April 2 -- BYD NEVs had 204,195 insurance registrations in China.

As a comparison, BYD sold 207,080 wholesale NEVs in March, including 13,312 units sold overseas, according to data it released on April 2.

Insurance registrations for vehicles in China last week were 14,275, slightly lower than the previous week's 15,886.

In the past five weeks, Tesla vehicles had 79,171 insurance registrations in China.

Tesla sold 88,869 China-made vehicles in March, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).

Those numbers mean that Tesla's Shanghai plant may have exported only a few thousand vehicles in March, with the rest for deliveries to Chinese consumers.

Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

Insurance registrations for NIO vehicles were 2,730 last week, up from 1,909 the previous week.

In the past five weeks, NIO vehicles had 11,929 insurance registrations.

NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to data released by the company on April 1.

(NASDAQ: LI) vehicles had 6,185 insurance registrations last week, up from 5,081 in the previous week.

In the past five weeks, Li Auto vehicles saw 24,169 insurance registrations. For comparison, it delivered 20,823 vehicles in March.

(NYSE: XPEV) vehicles had 2,034 insurance registrations last week, up from 1,564 the previous week.

XPeng's total for the past five weeks was 7,950, and the company delivered 7,002 vehicles in March.

vehicles had 2,571 insurance registrations last week and a cumulative total of 7,555 over the past five weeks. It delivered 6,663 vehicles in March.

had a figure of 3,740 vehicles in the last week and a total of 12,286 vehicles in the last five weeks. It delivered 10,087 vehicles in March.

BMW had 2,598 NEV insurance registrations last week, for a total of 9,959 over the past five weeks.

China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show

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Tesla sells 88,869 China-made vehicles in Mar, CPCA data show

In the first quarter, sold 229,322 China-made vehicles, contributing 54 percent of its global deliveries in the quarter.

Tesla sold 88,869 China-made vehicles in March, including exports, according to data released today by the China Passenger Car Association (CPCA).

That's up 35.03 percent from 65,814 vehicles in the same month last year and up 19.44 percent from 74,402 vehicles in February.

This is the second highest China-made vehicle sales ever for Tesla, behind the 100,291 units sold in November of last year.

The sales include sales in China as well as exports, and the breakdown is expected to be available in the coming days.

In the first quarter, Tesla's China-made vehicle sales were 229,322, up 25.88 percent from 182,174 in the same period last year.

Tesla has a factory in Shanghai that currently produces only the Model 3 and Model Y.

The EV maker delivered 422,875 vehicles worldwide in the first quarter, including 412,180 Model 3 and Model Y vehicles and 10,695 Model S and Model X vehicles, according to data it released April 2.

Today's figures mean that 54 percent of Tesla's global deliveries in the first quarter were made at its Shanghai plant.

Tesla doesn't publish its deliveries in China, the CPCA publishes those numbers every month.

Including exports, Tesla sold 66,051 and 74,402 China-made vehicles in January and February, respectively.

Tesla delivered 26,843 and 33,923 vehicles in China in January and February, respectively, and its Shanghai plant exported 39,208 and 40,479 vehicles in those two months, according to the CPCA.

In addition, Chinese media outlet 36kr reported earlier today that Tesla is planning up to 4 million units of annual production capacity for one of a lower-priced model, a smaller version of the Model Y.

Tesla's North American factories will take on 2 million units of capacity, with the Monterrey, Mexico, plant providing most of it. Its plants in Berlin, Germany, and Shanghai will each take on 1 million units of capacity, the report said.

Tesla delivers record 422,875 vehicles globally in Q1

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