1. China reveals past EV subsidies, from Tesla to state giants, showing funds shift China has released a breakdown of the subsidy settlements for new-energy vehicle (NEV) companies from 2016 to 2020, along with the allocation plan for 2021 to 2022, and the data helps illustrate how the industry landscape shifted during those years. 2. Tesla China cuts price of new Model 3 as moment of truth nears Tesla EVs sit outside a showroom in the southwestern Chinese city of Chongqing, on January 12, 2025. Photo: Getty Images Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium EV segment. 3. China, already world’s new-energy leader, is not taking its foot off the pedal Despite having the world’s biggest network for charging EVs, coupled with the largest new-energy storage capacity, China is not resting on its laurels. 4. BYD profits fall as mainland China price war swamps EV export surge China’s EV king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market. 5. Chinese EV makers’ budget-friendly models power sales in August Leapmotor vehicles are parked outside a showroom in Hangzhou in eastern China’s Zhejiang province. Photo: AP Chinese makers of inexpensive EVs maintained their growth momentum in August, as budget-cautious drivers – spooked by lingering deflation – shunned premium models. 6. Tesla upgrades EV voice assistant system with AI from DeepSeek and ByteDance Tesla is rolling out an upgraded voice assistant system for its EVs in mainland China, adopting artificial intelligence from DeepSeek and ByteDance to better engage with customers in the world’s largest automotive market. 7. Dongfeng Motor to list EV unit in Hong Kong, privatise parent firm Dongfeng Motor, a major state-owned Chinese carmaker, plans to privatise its Hong Kong-traded unit and list its EV subsidiary as part of a transition towards electrification.
Liked by Kaitlyn Nelson, Zoë Girard
Liked by Kaitlyn Nelson, Zoë Girard
Liked by Kaitlyn Nelson, Zoë Girard
