Electric Vehicles

New proceeds could be used for research and development in autonomous driving technologies and global market development.

The EV maker plans to enlarge its on-duty staff to 200 in the coming two weeks.

The paradox of big guys getting big cheques hands-down while financing in general is getting harder to come by in China.

Instead of paying for the battery, EV buyers disburse a monthly subscription fee of RMB 980 (USD 141) to lease a 70 kWh battery package.

Tesla’s China rivals are rushing to the public market to beef up their armories.

Teo Hock Seng, executive chairman of Hyundai distributor Komoco Motors told The Straits Times that 30,000 electric cars will be produced in Singapore.

Tesla claimed that Pinduoduo’s discounted sale violated the company’s policy that prohibits reselling.

Etsy Payments, the payment processing arm of global marketplace Etsy.com, is now available for merchants in 7 new countries including Morocco and Turkey.