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Italy exploring partnership with Tesla, Chinese carmakers to bolster domestic auto industry: report

Teslarati

million vehicles, Italy has reportedly initiated discussions with a number of potential partners, such as Tesla and Chinese carmakers. Minister Urso noted that Rome had been in touch with Tesla for months , though he also noted that the electric vehicle maker would have to review its plans for Europe.

Italy 87
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Tesla China rolls out more detailed maps, Auto Park improvements, and more

Teslarati

Tesla China has rolled out a new update for its customers in China. The update introduces a number of improvements to qualified vehicles in the country, including a new UI, more detailed maps, and updates to features like Auto Park, among others. Smart, more practical. The magic of OTA brings a billion new experiences.

China 70
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Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.

Mexico 80
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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. auto market anytime soon , some U.S. auto sector,” the organization writes.

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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Though it’s behind Tesla in global sales, BYD is king in China.

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EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai – ET Auto

Baua Electric

Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. The USD 200 million plant in Shanghai’s Lingang pilot free trade zone will be the first Tesla battery plant outside the United States.

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Teslarati

Wedbush maintained Tesla’s Outperform rating with a $315 price target as Q1 2024 ends. According to Wedbush analysts, Tesla remains on track to exceed 2 million unit deliveries in 2024. The investment firm predicts near-term headwinds but stated in a note on Wednesday that the negative sentiment on Tesla is “way overdone.”

Tesla 126