Tesla has introduced an upgraded Model Y in China, featuring enhanced design and functionality, priced from 263,500 yuan ($35,900), as the company seeks to reclaim market share in the highly competitive EV market.
Tesla has launched a revamped Model Y in China, featuring updated design and enhanced interior features, to regain market share lost to competitors like Xiaomi.
Priced from 263,500 yuan ($35,900), 5.4% higher than the previous model, deliveries are expected to begin in March pending regulatory approval.
While the Model Y became the world’s best-selling car in 2023, Tesla’s share of China’s BEV market fell to 10.4% in 2024, down from 11.7% the previous year, amid fierce local competition. The new Model Y aims to bolster Tesla’s position in the world’s largest EV market.
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Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
Tesla has begun a small-scale robotaxi trial in Austin, Texas, deploying about 10 self-driving cars to pick up paying passengers in a limited area, as the state enacts new regulations for autonomous vehicles.
Tesla has secured a major agreement to build its first grid-scale battery storage station in China, local media outlet Yicai reported Friday.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
Poland’s iconic Vistula River has dropped to historic lows, as severe drought and scorching heat grip the country.
UN Secretary-General Antonio Guterres condemned Russia’s recent large-scale drone and missile attacks on Ukraine, calling them the biggest since the war began over three years ago.
Russian air defences intercepted four Ukrainian drones targeting Moscow on Saturday, prompting brief flight suspensions at major airports in the capital and other cities.
Ukraine’s top military commander, Oleksandr Syrskyi, warned on Saturday of a possible new Russian offensive in the Kharkiv region. The area in northeastern Ukraine has seen heavy fighting since Russia’s full-scale invasion in 2022.
Afghanistan has asked Azerbaijan to support its export efforts to Türkiye and Europe via the Port of Baku, aiming to boost trade through the Lapis Lazuli Corridor.
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