News
China's auto industry races to embed AI in line with Beijing mandate
4+ hour, 4+ min ago (533+ words) It took China 25 years to dominate the market for electric vehicles. Now, the country's auto industry is hurtling toward the next disruption: Embedding artificial intelligence in cars that will make the next generation of EVs not just network-connected, but self-reasoning…...
China's Xpeng expects full-scale delivery of 'flying' cars in 2027
1+ day, 7+ hour ago (90+ words) The Standard (HK) China's Xpeng expects full-scale delivery of 'flying' cars in 2027 Chinese electric car maker Xpeng (9868) expects full-scale delivery of 'flying' cars in terms of volume production next year, its president Brian Gu said in an interview on Thursday....
Tesla lifts 2026 spending plans by a quarter as Musk funds AI and robotic dreams
1+ day, 8+ hour ago (785+ words) Tesla sharply raised its spending plan to more than US$25 billion for the year as CEO Elon Musk pours money into artificial intelligence, robotics and chips - moves he said were "well justified" to build big future revenue streams. The EV…...
Chinese auto giant BYD's female CFO earns more than its founder last year
1+ week, 2+ day ago (167+ words) China's BYD's (1211) female chief financial officer earned more than the electric vehicle giant's founder last year, becoming the first A-share CFO to surpass the 10 million yuan (HK$11. 5 million) mark. Zhou Yalin, also a senior vice president of BYD, received a…...
Over half of Hong Kong's top officials now use Chinese-made electric vehicles
1+ week, 3+ day ago (292+ words) More than half of Hong Kong's principal officials are now using Chinese-made electric vehicles as part of the government's push toward greener transport, according to Director of Environmental Protection Samuel Chui Ho-kwong. The shift reflects a broader trend across the…...
Tesla's supervised self-driving software gets Dutch okay, first in Europe
1+ week, 6+ day ago (530+ words) Dutch regulators approved the use of Tesla's self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union....
Debate ignites as new '$2 or 80pc discount' scheme takes effect
3+ week, 5+ hour ago (332+ words) Hong Kong's long-standing elderly transport subsidy underwent a significant structural change on Friday, shifting from a flat rate to a new tiered discount system that has sparked concerns regarding its impact on social mobility and the financial burden on residents…...
Tesla's first-quarter deliveries miss estimates as tax credit expiry weighs
3+ week, 21+ hour ago (422+ words) Tesla missed Wall Street expectations for first-quarter deliveries on Thursday, as the expiry of US tax credits on the purchase of electric vehicles weighed on demand, sending "its shares down nearly 4 percent in premarket trading. The company delivered 358, 023 vehicles in…...
Tesla's China-made EV sales rise 8. 7 percent in March
3+ week, 1+ day ago (96+ words) The Standard (HK) Tesla's China-made EV sales rise 8. 7 percent in March Sales of Tesla's China-made electric vehicle grew 8. 7 percent from a year earlier to 85, 670 vehicles in March, extending gains for a fifth month, as the U. S. automaker navigated intensifying competition and…...
Most Chinese automakers records increases in deliveries in March
3+ week, 1+ day ago (306+ words) Most Chinese automakers saw an increase in deliveries compared to February, however, companies including BYD (1211) and Xpeng (9868) recorded a year-on-year sales decline amid growing competition in the Chinese auto market. BYD's car sales in March decreased 20. 45 percent year-on-year to 300, 200 units....