Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance

Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November

Price cuts announced by Tesla in China on January 6 upset customers who had already bought the company's cars so much that protests were staged in front of some stores

The possible move by the French carmaker points to the growing perception of the auto market in India, which posted the fastest growth of any major market in 2022

The battery-maker aims to produce LFP batteries that can be made at lower cost, but deliver less range than comparable nickel-cobalt electric vehicle batteries

The US automaker slashed prices for all versions of its Model 3 and Y vehicles, which, along with a reduction in October, amount to a 13% to 24% reduction in prices from September.

Rival Chinese electric vehicle maker BYD and the budget-EV joint venture of General Motors in China both outsold the US carmaker

The Afeela EV demonstrates how automakers are increasingly focussing on the in-car cockpit experience, which presents greater monetisation opportunities

Nvidia said its technology, which includes chips to process information from sensors in real time, will help Foxconn overcome challenges in ramping up automobile production

BYD captured China's middle-class market with affordable and locally made EVs, pushing ahead of Elon Musk's Tesla, the SCMP said

Zhu's title of Greater China VP remains unchanged and he continues to hold the position of the US electric vehicle-maker's most senior executive for sales in the rest of Asia

Tesla's Korean outlet was fined $2.2m for failing to tell customers its EVs' driving range would drop significantly in cold weather. Meanwhile, the group delivered a record 1.3m vehicles in 2022