Your daily updates around automobile industry
Credits: www.livemint.com Tesla Inc. cars have been banned from Chinese military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles. The order, issued by the military, advises Tesla owners to park their cars outside of military property, according to people familiar with the directive who asked […]
Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government cash injection saved the company from bankruptcy. Credit: bloomberg.com The net loss amounted to 1.39 billion yuan ($203.6 million), compared with 2.86 billion yuan a year earlier, the New York-listed company said in a statement on Monday […]
Audi is deepening its partnership with FAW and laying the foundation for continued success in China. The Board of Management of Audi, Supervisory Board of the Volkswagen Group and Board of Management of the FAW Group confirmed that Changchun in the northeast of China will be the headquarters of the newly founded Audi-FAW company. This […]
China, intent on boosting domestic consumption, wants to double the value of secondhand vehicle sales by 2025.Although China has more than 270 million vehicles on its roads, only an estimated 15 million secondhand models were sold in 2019. That’s in sharp contrast to places such as Australia, the U.K., and the U.S., where people buy […]