WM Motor's IPO document does not reveal the size of the deal but a listing would move WM founder Freeman Shen closer to his dream of mass-producing affordable EVs
In a tweet, Musk said employees unwilling to comply with office work "should pretend to work somewhere else."
Global carmakers are falling behind Chinese electric car companies in the world's biggest car market, with no foreign brands among the top 10 carmakers in the China EV segment this year, except for Tesla in third place.
China's market regulator said on Monday Tesla is recalling China-made Model 3 and Model Y vehicles due to overheating that may cause the centre touchscreen to malfunction
The US electric vehicle manufacturer is aiming for daily output of 1,200 cars this week, but hopes to raise production in Shanghai to about 2,600 cars a day next week
Export volume from Shanghai is almost back to normal as carmakers prioritize them over domestic shipments.
The halt in production is the latest in a series of difficulties the factory faces as Shanghai enters a sixth week of lockdowns
Internal memo outlines plans to add more shifts to boost production to pre-lockdown levels even as suppliers struggle to provide parts.
According to an internal memo, the US carmaker plans to churn out 2,600 electric cars from the Shanghai plant per day from May 16
The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country’s hardline Covid policy has put...
About 8,000 Tesla employees returned to work at the US company's Shanghai giga-factory on April 19, the Miami-based EV news website said
The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country's hardline Covid policy has put the economy on the brink of recession.