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Tesla (TSLA) shares surge over 11% amidst news of Musk’s China visit

Teslarati

Tesla shares ( NASDAQ:TSLA ) saw a lot of momentum on Monday’s pre-market amidst news surrounding CEO Elon Musk’s unannounced trip to Beijing, China. The China Association of Automobile Manufacturers also noted that Tesla, along with other notable automakers like BYD, have cleared all data processing requirements in the country.

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VW emblem will leave lineup, shake up manufacturing to spice up profits

Baua Electric

Automobile manufacturing for the VW emblem, the industrial cars trade, Seat, Cupra and Skoda will likely be extra intently aligned for potency, Monetary Officer Arno Antlitz posted on LinkedIn on Wednesday. The web page at one level used to be on the right track to create 1 million automobiles.

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Tesla FSD in China could add $2.3 billion in annual earnings by 2030: Bank of America

Teslarati

billion by 2030 if the advanced driver-assist suite sees increased adoption among the company’s customers in China. Don’t hesitate to contact us with news tips. In a note, the bank noted that FSD has the potential to boost the electric vehicle maker’s earnings by $2.3

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Musk’s big win in China: Tesla clears data security, full self driving hurdles for locally-made cars – ET Auto

Baua Electric

This is according to the China Association of Automobile Manufacturers. Meanwhile, Reuters reported citing sources that Baidu, a prominent Chinese internet search company, has reportedly struck a deal with Tesla, allowing the car manufacturer access to its mapping license for gathering data on public roads in China.

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Huawei Asks Mercedes, Audi to Collab on Software

The Truth About Cars

Chinese smartphone giant Huawei has apparently broached the topic of software collaboration with a pair of German automotive companies. However, anything which springs forth from that joint venture will apparently be installed only on Audi models sold in the Chinese market, where the company is tangled up with the FAW Group home team.

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BMW sales growth mostly electric as it passes combustion ‘tipping point’

Teslarati

As BMW joins several other automakers in following Tesla into electric vehicles (EVs), one executive from the luxury automobile manufacturer has said he expects sales growth to come primarily from electrified models at this point—noting that combustion engines have largely plateaued.

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The unedited numbers at the microchip dearth: Outlook improves

Baua Electric

As disruptive as the worldwide provide shortages of microchips proceed to be for auto manufacturing schedules, the outlook simply brightened a notch. AutoForecast Answers, which has tracked misplaced automobile manufacturing weekly because the chip dearth started in 2021, has diminished its estimate for overall 2023 manufacturing unit cuts.