Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying "enormous waste" in some key sectors.
Leasing companies play a pivotal role in Europe as 60% of new cars of all fuel types are leased, according to calculations by environmental group Transport & Environment based on data from market research firm Dataforce.
New artificial intelligence (AI) tools could enhance the reliability of the power grid and electric vehicle (EV) charging infrastructure, according to a study by the University of Michigan Transportation Research Institute (UMTRI) and Utilidata, an AI-powered technology company.
Elon Musk's recent visit to China has stirred significant interest and speculation, drawing attention to the purpose and implications of his journey. Musk's visit, the details of which were mostly kept secret, was primarily aimed at the rollout of Tesla's Full Self-Driving (FSD) software in China, as well as receiving necessary permissions for data transfer regulations.
Thousands of car lovers and company representatives descended on Beijing this week for the Auto China show -- a chance for industry giants to show off new designs and cutting edge technologies aimed at getting ahead in the fiercely competitive sector
The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association
Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying "enormous waste" in some key sectors.
Leasing companies play a pivotal role in Europe as 60% of new cars of all fuel types are leased, according to calculations by environmental group Transport & Environment based on data from market research firm Dataforce.
New artificial intelligence (AI) tools could enhance the reliability of the power grid and electric vehicle (EV) charging infrastructure, according to a study by the University of Michigan Transportation Research Institute (UMTRI) and Utilidata, an AI-powered technology company.
Elon Musk's recent visit to China has stirred significant interest and speculation, drawing attention to the purpose and implications of his journey. Musk's visit, the details of which were mostly kept secret, was primarily aimed at the rollout of Tesla's Full Self-Driving (FSD) software in China, as well as receiving necessary permissions for data transfer regulations.
Thousands of car lovers and company representatives descended on Beijing this week for the Auto China show -- a chance for industry giants to show off new designs and cutting edge technologies aimed at getting ahead in the fiercely competitive sector
The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association
Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
BYD recorded a net profit of 30 billion yuan ($4.16 billion) last year, up 80.7 percent year-on-year from 16.6 billion yuan in 2022