Hints and tips:
...Peyton added: “That’s where Liu’s originality lies, in its looking beyond China’s own borders to universal themes.”...
...But China’s “battery king”, a PhD physicist, questioned whether his Japanese rival was really on the path to near-term commercialisation....
...China’s carmakers are engaged in a price war as sluggish consumer demand, a glut of new vehicles and slowing economic growth drag down prices....
...Tesla’s market share in China dropped 2.6 percentage points from a year earlier to 4 per cent in April, according to the China Passenger Car Association....
...The number of ICE car dealerships in China slid 2.7 per cent year on year in 2023, compared with a 17.2 per cent rise in EV dealerships, data from the China Automobile Dealers Association showed....
...Tesla’s share in China’s EV and hybrid market segment fell from 7.7 per cent to 6.6 per cent in the first two months of the year, according to the China Passenger Car Association....
...Kong, where proceeds can be more easily directed outside of mainland China....
...China’s CATL, the world’s biggest electric vehicle battery manufacturer, has suffered its first fall in quarterly profits in almost two years amid slowing growth in demand for EVs and intensifying competition...
...Tesla’s share of China’s new energy vehicle sales slipped to 7.7 per cent in March, 4.7 percentage points lower than in the previous year, according to the China Passenger Car Association....
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...It’s both in China and outside of China.”...
...Over the weekend, Tesla also announced a price cut of Rmb14,000 ($1,933) for models sold in China....
...Tesla has confirmed that it will raise prices in China at the start of April, even as competition and oversupply of electric vehicles in the world’s largest car market continues to deepen....
...Beijing-based Xiaomi kicked off sales of its much-anticipated SU7 vehicle at an aggressive starting price of Rmb215,900 ($29,844) late last week, aiming to rival Tesla and Porsche at the premium end of China...
...Taobao China, an Alibaba subsidiary, said in a filing on Wednesday that it planned to sell 33mn of US-traded shares of Xpeng, which is dual-listed in New York and Hong Kong....
...China and tech-focused start-ups....
...The first of the two China-specific models will be a sport utility vehicle, the German carmaker said on Thursday....
...The Beijing-based carmaker has faced slowing EV demand in China and competition from rivals including Tesla, BYD and Huawei-backed Aito....
...Tesla delivered 60,365 cars from its plant in Shanghai last month, the least since December 2022, preliminary figures from the China Passenger Car Association showed on Monday....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...More than half of all industrial robot installations in the world took place in China in 2022, according to figures from the International Federation of Robotics....
...earlier, according to the China Passenger Car Association....
...Shares in China’s CATL rose as much as 7 per cent on Monday, as the battery maker’s resilient full-year results and surprise dividend helped revive investor appetite for the company....
...The clogging-up of car terminals comes as many of China’s carmakers, such as BYD, Great Wall, Chery and SAIC, are planning an export push to Europe, both to keep their factories in China running and to capitalise...
...Regarded as one of China’s biggest challengers to Tesla, Nio has not turned a profit almost a decade after its founding, and is lagging behind local peers such as Li Auto and BYD in sales growth....
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