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Comment on Tesla scraps plans for low-cost car amid fierce competition from Chinese EVs, report says by John Hanna

CN EV Post

TESLA: if you're asking this channel's pro-NIO founder for insight about Tesla, you're asking the wrong person. This is going to be a huge gut-check year for all but the most well-financed/high FCF automakers, and especially EV-makers who do not have a Fort Knox balance sheet.

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Xiaomi to follow up Tesla Model 3 competitor with SUV by year end: report

Teslarati

Industry watchers in China have noted that smartphone giant Xiaomi may strike the iron while it’s hot this year, with the Chinese tech company potentially releasing an all-electric SUV following the launch of the SU7 sedan this week. They are also more suitable for one person to drive on a daily basis, the executive noted.

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GM 5-year growth strategy for China; 10 New Energy Vehicles in the coming mix

Green Car Congress

Working with its Chinese partner SAIC, GM will replace several current vehicles for growth markets based on multiple architectures with an even larger family of vehicles based on one core architecture. In addition to vehicles, GM is also addressing business opportunities in value-added services such as automotive financing and insurance.

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Study of premium car buyers finds large majority see driving EV within 5 years; financing most popular option

Green Car Congress

There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription). This is followed by subscription (32%) and leasing (26%).

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France rolls out the pink carpet for EV battery factories

Baua Electric

3-billion-euro plant opened through ACC (Car Cells Corporate) – the battery producer involving Stellantis, Mercedes-Benz and French power corporate TotalEnergies – France equipped about 840 million euros in subsidies, together with finances for analysis and construction, consistent with the finance ministry. For the two.3-billion-euro

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Die some other year: Hengchi 5 resumed manufacturing within the Tianjin plant

Baua Electric

Credit score: Sohu Hengchi is an electrical logo beneath Evergrande Crew – Chinese language 2nd greatest actual property developer. Credit score: Sohu Consistent with Sohu Finance, the plant resumed manufacturing of Hengchi 5 on Would possibly 23. Hengchi 5 manufacturing used to be suspended extreme hour on April 25.

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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Elon Musk also personally thanks Viecha for his contributions to the company. The analyst asked a follow-up question about Chinese competitors, which could copy Tesla’s vehicles. “I don’t know what our Chinese competitors can do,” he said. “Cathie Wood said it best.

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