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China’s DriveGPT Is Here. Time to Play Catch-Up

26Apr

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Technology

China’s DriveGPT Is Here. Time to Play Catch-Up

[ad_1] China's artificial intelligence-powered autonomous-vehicle market is showing serious promise. So, of course, Elon Musk wants a piece of it, especially since he's struggled to get self-driving technology off the ground in the US. That may not pan out as well as the Tesla Inc. chief executive officer's Beijing-backed electric-vehicle bet.Local media say Tesla could be getting ready to test its full self-driving technology in China. Given the firm's FSD track record in the US, that's a scary and unsafe prospect. In May 2021, Tesla announced it was eliminating critical radars on new cars. It then started disabling them in vehicles already on the road, resulting in an uptick in crashes, the Washington Post reported. In February, it paused the rollout of FSD. Suffice to say, the global...

Tesla to Build New Shanghai Factory for Megapack Battery

[ad_1] Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai. The company led by Elon Musk, who is said to be visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai. Tom Zhu, Tesla's senior vice president of automotive, and Shanghai government officials including vice mayor Wu Qing attended, with Tesla Vice President Tao Lin signing the contract. Construction is scheduled to begin in the third quarter of this year and the plant will commence production in the second quarter of 2024, the company said in...

Elon Musk Blinks; Tesla China Strategy Revamped Over Fierce Rivalry

[ad_1] Tesla is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans at risk. Tesla Inc. is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans in the world's biggest electric-car market at risk. The EV pioneer has extended insurance subsidies of as much as 8,000 yuan ($1,100) for new buyers, according to a post on its Weibo account, reinstated a user referral program and even advertised on a local TV shopping channel -- a rare move for a company that's proudly eschewed traditional advertising avenues. The moves come after Tesla cut prices across its Chinese lineup for the first time in 15 months in October, as it faces a slew of headwinds the...