Tesla's share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent.
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Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.
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The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue.
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"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
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Shanghai has opened a total of 926 roads for autonomous driving tests, with a total mileage of 1,800 kilometers.
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Tesla will raise the prices of the long-range versions of the Model 3 and Model Y in China on Thursday, November 9, local media quoted the company as saying.
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Guangzhou Shipyard has begun construction on the first of 2 vehicle carriers for BYD, capable of carrying up to 7,000 vehicles.
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Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.
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Nio (NYSE: NIO) was at 4,200 last week, Xpeng (NYSE: XPEV) at 4,700 and Tesla at 14,000.
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Tesla plans to raise the prices of the cheaper versions of the Model Y in China, as a continuation of the price hike it put on the crossover's most expensive version in the country late last month.
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