Troy Lu News Today

Visitors look at a Mercedes-Benz at the 2024 Beijing International Automotive Exhibition in April.

Launch of its first electric vehicle model has generated huge interest, controversy.

The Chinese market will be a major revenue source for US semiconductor company Qualcomm's automotive business, as China's massive vehicle sector has a faster adoption of autonomous driving technologies than many others, a senior company executive said.

China's latest move to bolster consumption of automobiles will further stimulate consumers' buying sentiment, provide a strong impetus for the auto market and promote the country's consumption recovery from the fallout of COVID-19, industry experts said.

China's top industry regulator is to help ease price hikes in raw materials used in electric cars that have prompted automakers from Tesla to Changan to raise tag prices of their models.

Machines have started to buzz again at carmakers including Tesla and Volkswagen in China after a hiatus of weeks because of COVID-19 outbreaks in the country's two major vehicle-producing cities, according to chinadaily.com.cn. Shanghai and Changchun

Machines have started to buzz again at carmakers including Tesla and Volkswagen in China after a hiatus of weeks because of COVID-19 outbreaks in the country's two major vehicle-producing cities, according to chinadaily.com.cn. Shanghai and Changchun

Although Chinese automaker BYD, which is backed by legendary investor Warren Buffett, has announced it has stopped producing traditional fossil fuel-powered vehicles since March, its production shift entirely to electric cars and plug-in hybrids is a natural progression, given that new energy vehicles dominate the company's sales figures.

More efforts are needed to beef up the development of the auto chip industry in the Chinese mainland as semiconductors become essential to vehicles that are increasingly getting electric, connected and smarter, experts said on Friday.

SHANGHAI: Tesla Inc is investing 1.2 billion yuan (RM795mil) to optimise the production line at its Shanghai factory as China is rising as a major global export hub for the US electric carmaker.