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Yilei Sun

Tesla's China production to start, eyes on mass production timing: sources

02 Oct 2019

SHANGHAI Tesla Inc's China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.

Toyota to develop hydrogen fuel cars with Chinese partners FAW, GAC

26 Sep 2019

BEIJING Toyota Motor plans to launch hydrogen fuel-cell car models with its China partners Guangzhou Automobile Group (GAC) and FAW Group [SASACJ.UL], as the Japanese automaker tries to boost its presence in the world's biggest auto market.

Nio raising more cash amid cost-cutting campaign

25 Sep 2019

BEIJING Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million (162 million pounds) worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market.

Nio aims to control cash burn with smaller showrooms, leaner staff

25 Sep 2019

BEIJING China's loss-making Tesla wannabe Nio Inc will expand its sales network with smaller showrooms, slash its workforce and spin off some business units, company executives said on Wednesday, in a move to control massive cash burn amid slowing electric vehicle sales in the world's largest auto market.

China's auto sales face more bumps ahead, industry body warns, after latest slump

11 Sep 2019

BEIJING/SHANGHAI China's auto sales could experience negative to low growth over the next three years, an official with the country's top industry association said, after sales fell for a 14th consecutive month in August.

Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman

11 Sep 2019

FRANKFURT/BEIJING China's Great Wall Motor may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets.

RPT-FOCUS-With racing and music events, Tesla gets over marketing allergy in China

30 Aug 2019

* Has held showroom parties with DJs, developed chat app stickers

With racing and music events, Tesla gets over marketing allergy in China

30 Aug 2019

SHANGHAI/SAN FRANCISCO Tesla Inc has always shown disdain for marketing, with CEO Elon Musk boasting his company does not advertise, instead using the money it would have spent to develop products.

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