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Did Tesla Just Trigger Another Brutal Price War In China? Li Auto Blinks First With Up To $4,000 Discount
Monday, April 22, 2024 - 3:25am | 576Tesla appears to be back to its price-cutting tactics, and the competition is taking notice. Following Tesla’s weekend price reductions in China, domestic electric vehicle manufacturer Li Auto, Inc. (NASDAQ:LI) announced immediate price cuts on its entire EV lineup, excluding...
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Chinese EV Contender Xiaomi's Budget 'Tesla Killer' Zooms Past Sales Expectations By 3-5 Times
Friday, April 19, 2024 - 1:46am | 409The sales of the first electric car by Chinese smartphone manufacturer Xiaomi Corp (OTC:XIACF) have reportedly exceeded expectations by three to five times. What Happened: Company CEO Lei Jun revealed the unexpected sales figures during a live stream on Douyin, the Chinese equivalent of TikTok,...
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Did Uncle Sam Cheat? China Flips Out Over America's 'Discriminatory' EV Policy And Files WTO Complaint
Tuesday, March 26, 2024 - 7:36am | 773China has filed a complaint with the World Trade Organization against the United States’ electric vehicle (EV) tax credit program, alleging discriminatory practices. Heart Of Dispute: The dispute centers on the Inflation Reduction Act‘s EV incentives, which...
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US Automakers Are Having Nightmares About A $10K Chinese EV That Isn't Even On American Soil Yet
Monday, March 25, 2024 - 8:27am | 727BYD Co Ltd‘s (OTC:BYDDF) (OTC:BYDDY) Seagull, a compact electric vehicle (EV) from China, is making waves in the global automotive scene. Its competitive pricing and potential to disrupt auto markets globally have caught the attention of industry executives and politicians alike....
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Tesla Vs. BYD Heats Up: Chinese EV Giant Eyes US Market With Mexican Factory Plan
Wednesday, February 14, 2024 - 3:12am | 602Chinese EV maker BYD Co. (OTC:BYDDY) (OTC:BYDDF) is reportedly contemplating the establishment of a new production facility in Mexico, a move that could potentially bolster its presence in the U.S. market. What Happened: The Mexico City-based head of BYD’s local division, Zhou...
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Li Auto Strikes Back At Tesla's Snub With Performance Test Victory
Thursday, January 25, 2024 - 5:13am | 641Li Auto (NASDAQ:LI) has clapped back at Tesla Inc. (NASDAQ:TSLA) for the U.S. EV giant’s dismissive remarks about the Chinese automaker’s technology. The company demonstrated the prowess of its Li Mega against Tesla’s Model X in a range test video, effectively challenging the...
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Musk's 'Alternative Phone' Plans Remain Mythical As Tesla's Chinese Rival Clears Final Hurdle For Smartphone Launch
Friday, August 4, 2023 - 2:25am | 511Nio Inc (NASDAQ:NIO), the Chinese electric vehicle maker considered a rival of Tesla Inc (NASDAQ:TSLA), has achieved a crucial milestone in its journey toward smartphone production. The company’s nascent endeavor, speculated upon since last year, has now passed a...