China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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110 articles matching the search query.
China Tech Giants Bet $19 Billion on Global Electric Car Frenzy
China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.
Tesla Says China Car Traveling at Nearly 120 Km/H Before Crash
Tesla Inc. has released the data logs of a car that crashed in China to the woman who garnered global headlines after she staged a protest at this week’s Shanghai Auto Show claiming the vehicle’s brakes had failed.
Tesla China Demand Fuels ‘Home Run’ Quarter for Deliveries
Tesla Inc.’s estimate-smashing deliveries of electric vehicles in the first quarter suggest boss Elon Musk’s bet on growth in China and Europe is starting to pay off.
China's Geely Weighs Reviving IPO of $20 Billion Volvo Cars
China’s Zhejiang Geely Holding Group Co. is considering reviving plans for an initial public offering of its Volvo Cars unit that could value the business at around $20 billion, people familiar with the matter said.
Tesla (TSLA) Elon Musk Cars Banned by China’s Military on Camera Concerns
Tesla Inc. cars have been banned from Chinese military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles.
Xi Mobilizes China for Tech Revolution to Cut Dependence on West
For U.S. politicians, China’s potential to dominate sensitive cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades. President Xi Jinping is similarly worried the U.S. will block China’s rise, and this week will unveil plans for greater self-sufficiency.
Tesla begins delivering Model Y vehicles in China, after reducing the pre-order sales price by 30%
Pre-sales of the Shanghai-manufactured SUV crossover start at 339,000 yuan ($52,074) for the long-range version.
Baidu set to announce EV venture with automaker Geely, report says
The announcement may come as soon as next week.
Foxconn Seals Manufacturing Deal With Chinese EV Startup Byton
Apple Inc. supplier Foxconn Technology Group signed a strategic cooperation deal with embattled Chinese electric-vehicle startup Byton Ltd. in a transaction that could mark a large bet by the iPhone assembler on the car-making business.
China state planner orders probes into new energy vehicle projects linked to Evergrande, Baoneng
China published rules in 2018 to restrict ways in which automakers can invest in new capacity to manufacture traditional gasoline-fueled cars as well as electric battery cars.
China’s SVolt Joins Europe’s EV Race With $2.4 Billion Factory
China’s SVolt Energy Technology Co. plans to invest about 2 billion euros ($2.4 billion) in Germany to build its first factory in Europe as the battery maker seeks to benefit from surging electric-car demand in the region.
Tesla (TSLA) Elon Musk Is Recalling About 30,000 Imported Vehicles in China
Tesla Inc. is recalling about 30,000 imported Model S and Model X vehicles in China because of suspension problems, a setback for the U.S. electric-car maker just as it faces intensifying competition in the world’s largest auto market.
China Wants to Be Carbon Neutral By 2060. Is That Possible?
President Xi Jinping’s surprise announcement that China plans to go carbon-neutral by 2060 has left many questions, none more important than: “How?”
Fuel-Cell Firm Stages Comeback 20 Years Later With Help of China
Two decades ago, a burst in the dot-com bubble meant that shares of Ballard Power Systems Inc. may have been dead in the water. Now, it’s rebounding with a vengeance.
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s […]
China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’
BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make […]
China Battery Maker Suspended as Short Seller Questions Profits
A Chinese maker of electric vehicles plunged in Hong Kong after a critical report questioned the firm’s accounting.
Tesla to Cut Model 3 Price in China to Qualify for Subsidies
Tesla Inc. will cut the price of its standard-range Model 3 in China for the second time this year so it can continue to qualify for government rebates on electric vehicles that are being tightened.
China’s EV Slowdown Deepens Debt Woes at Top Lithium Supplier
The global health crisis has deepened financial troubles at one of China’s biggest producers of lithium used in electric vehicle batteries.
Historic Drop in China Car Sales Seen Accelerating on Virus
China’s car sales are likely to slump the most on record in the first two months of 2020 as the coronavirus keeps buyers away from showrooms, intensifying headwinds for automakers in the world’s biggest market.