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Volkswagen is buying credits from Tesla to meet China’s environmental standards: report

Teslarati

As indicated in recent reports, a Volkswagen joint venture in China has reportedly agreed to purchase green car credits from Tesla in an effort to meet the country’s environmental standards. . The post Volkswagen is buying credits from Tesla to meet China’s environmental standards: report appeared first on TESLARATI.

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GAC Motor targeting 1M unit sales by 2020, 20% new energy vehicles; entering US market by 2019; transition to electric “may be quite long”

Green Car Congress

GAC Motor was one of the few automakers, and the only Chinese auto brand, to take the main stage at last week’s Michelin Movin’On 2017 global sustainable mobility summit in Montreal. GAC has already established its first North America R&D Center in Silicon Valley, and plans to to enter the US market no later than 2019.

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

million units in March 2020, down by 39% from March 2019. And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. Overall, the total for the first quarter of 2020 already highlights a reduction of 26% Q1 2019 with sales decreasing to 17.42 Global vehicle sales totalled 5.55 million units.

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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

Green Car Congress

More than half of trade-in vehicles for those purchases were priced below $35,000 when new, according to Tesla—indicating that customers are trading up their relatively cheaper vehicles to buy a Model 3 even though there is not yet a leasing option and the Q3 starting price of a Model 3 was $49,000. —Tesla investor letter.

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Tesla sues man for $650k in defamation lawsuit after he won $150k from automaker

Teslarati

American electric car company Tesla has decided to sue a Chinese man for $650,000, claiming defamation following his victory against the automaker in a separate lawsuit, where he won $155,000. Han Chao has posted images of legal documents that indicate Tesla is suing him for 5.05 million yuan, or around $650,000 for defamation.

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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

He also admitted that Tesla’s vehicle purchasing process has become overcomplicated. Tesla will aim to optimize its buying process for it would be possible to “buying a car in under a minute.” Musk also mentioned that Tesla may buy back shares down the line. “Cathie Wood said it best.

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WM Motor aims to be China’s BEV for the masses

China EV

Everyone buy it! Now Freeman is putting those years of experience and connections to good use at WM Motor, an EV startup initially known as Weltmeister, Its Chinese name remains Weima. I like it that they are cancelling the (NEV purchase) incentives,” says Freeman. “We It should be out in May. Big volume.

Motor 52