article thumbnail

Another aspiring Chinese Tesla: NextEV and its founder William Li

Green Car Reports

If imitation is the sincerest form of flattery, then Tesla Motors should feel very flattered indeed. The Silicon Valley carmaker's success has spurred a number of Chinese investors and tech entrepreneurs to start rival electric-car companies. One of those potential rivals is NextEV, which emerged into public view last year.

Chinese 60
article thumbnail

BMW loses electric-car staff to Chinese startup, says it's unaffected

Green Car Reports

Many have been inspired by Tesla Motors, and hope to follow in the Silicon Valley company's tire tracks by offering products radically different from those of established automakers. Now one Chinese company has poached an employee team from an.

Chinese 60
article thumbnail

Tesla to build electric-car factory in Chinese free-trade zone: report

Green Car Reports

Tesla makes and sells only electric cars, and it aspires to become a volume automaker, meaning China is key to its future. The Chinese government effectively requires carmakers to manufacture in the country to.

Chinese 83
article thumbnail

Elon Musk confirms Tesla’s $1.4 billion loan for Giga Shanghai was paid off early

Teslarati

Tesla CEO Elon Musk confirmed on Twitter several days ago that the company’s $1.4 On October 4, 2021, @jpr007 , a Tesla enthusiast on Twitter, showed documentation that Tesla had officially paid off its entire $1.4 billion loan, which was granted from Chinese banks, in just sixteen months. on the Model Y.

China 145
article thumbnail

Tesla to promote Chinese national electric-car charging standard

Green Car Reports

To date, Tesla Motors has offered its buyers the company's Supercharger DC fast-charging standard, which presently charges more quickly than the CHAdeMO or Combined Charging Standard (CCS) systems used by other carmakers. In China, though, Tesla is now on board with a new national standard for electric-car charging.

article thumbnail

Tesla successful in trademark lawsuit case over ‘Tesla Beer’ in China

Teslarati

It also was ordered to stop unfair competition behavior, pay a fine to Tesla worth ¥5 million, roughly $690,000, and issue a public statement. In 2019, a series of Tesla sodas and beer had surfaced in China, but were not associated with Tesla itself.

China 95
article thumbnail

Tesla In Deal To Build 400 Charging Stations In China

Green Car Reports

The Chinese market has become vital for many global automakers. To others, like Tesla Motors [NSDQ:TSLA], it''s a way to promote your product to a vast and growing marketplace. Tesla has made a big commitment to China and is backing that up with a.' and Europe.

China 164