Tesla has announced a new round of investment aimed at expanding production at Gigafactory Shanghai. Reuters reports that Tesla recently filed documents with the local city government to allow an expansion of its parts production in order to meet growing demand for exports. The automaker plans to add production workshops, increase the number of workers… Read more »
Chinese EV manufacturer XPeng (NYSE:XPEV) has announced delivery results for December 2021 and the fourth quarter 2021. XPeng delivered 16,000 Smart EVs in December 2021, exceeding its monthly delivery benchmark of 15,000 units for the second consecutive month despite ongoing supply chain challenges. This represents a 181% increase year-over-year. December deliveries consisted of 7,459 P7… Read more »
Bring the prices of EVs down, and people will buy. That’s the latest lesson from China, where customers took delivery of an astonishing 200,000 Wuling Hongguang Mini EVs in the vehicle’s first 200 days of production. According to the Asian auto industry gurus at ZoZo Go, it’s the strongest product debut in the history of… Read more »