Tag: Chinese
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Tesla abandons plans for affordable car due to intense competition in Chinese EV market
Tesla has scrapped the much-anticipated affordable car that investors were banking on to propel its growth as a mass-market automaker, as revealed by sources familiar with the matter and company messages seen by Reuters. Instead, the automaker will shift its focus to developing self-driving robotaxis on the same small-vehicle platform, according to the sources. This…
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Ohio senator advocates for permanent U.S. ban on Chinese EVs under Biden administration.
WASHINGTON — The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block Chinese-made vehicles from the United States auto market, marking the strongest call yet for action against China’s automakers by a U.S. lawmaker. “I implore you to take bold, aggressive action and to permanently ban EVs produced by Chinese…
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Chinese Car Manufacturers in Italy Could Lead to Controversial Choices, Stellantis Cautions
TURIN, Italy — The head of Stellantis, Italy’s sole major automaker, has expressed concerns about the potential impact of Chinese car manufacturing in Italy, including the possibility of plant closures. The Italian government is in discussions with Tesla and Chinese automakers, such as Chery Auto, to attract investment in Italy’s automotive sector and boost national…