Tesla shares fall after Elon Musk’s firm cuts price of cars in China
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images…
BYD shares jump after Chinese EV maker forecasts surging profits
Warren Buffett-backed BYD said it expects a more than 300% jump in third-quarter profit. Despite headwinds including a resurgence of Covid in China, rising material costs and a slowing economy,…
China’s carbon neutral climate goals could spawn new global players
China aims to reach peak carbon emissions in 2030. Pictured here is a wind farm in Chongqing in southwest China, on June 28, 2022. Future Publishing | Future Publishing |…
Tesla weighs reset for China retail strategy even as sales boom
Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during…
Stock sell-off deepens, Dow drops 900 points after hot inflation report
Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve. The Dow…
Chinese EV giant BYD plans to build a passenger car factory in Thailand
Chinese electric car company BYD has expanded rapidly overseas, including announcements in recent months of plans to enter Thailand’s and Japan’s passenger car markets. Pictured here is a test drive…
China’s Alibaba groups up with Tesla rival Xpeng on driverless automobiles
XPeng remains to be targeted in boosting the gross sales of its electrical automobiles. But it’s been that specialize in development out long run companies in flying automobiles and robotics.…