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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Elon Musk took the stand on Tuesday (28 April) at a high-stakes trial over the future of OpenAI, casting his lawsuit against the ChatGPT maker as a defence of charitable giving.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
Tesla delivered 1.64 million vehicles in 2025, down 9%, as BYD becomes the top EV maker.
Prime Minister Benjamin Netanyahu held a joint conference call on Sunday night from Florida with entrepreneur Elon Musk, Transportation Minister Miri Regev and Head of the National AI Directorate Erez Eskel.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
U.S. President Donald Trump on Monday dismissed Iran’s response to a U.S. peace proposal as a “stupid proposal,” saying Tehran failed to commit to abandoning its pursuit of a nuclear weapon, while warning the fragile ceasefire was on “massive life support”.
President Donald Trump called Iran’s response to a US war proposal “totally unacceptable” after Tehran sent its reply through mediator Pakistan, according to IRNA. Qatar’s al-Thani also warned Iran against using the Strait of Hormuz as “a pressure tool”.
Metropolitan Shio of Senaki and Chkhorotsku has been elected the 142nd head of the Georgian Orthodox Church at a meeting of clergy in Tbilisi following the death of longtime Patriarch Ilia II.
A Turkish Airlines plane caught fire in its landing gear tyres after landing at Tribhuvan International Airport on Monday (11 May) morning, temporarily disrupting airport operations, officials said.
After years of limited engagement, relations between Syria and the European Union are drawing renewed diplomatic attention as both sides explore cooperation on migration, security and regional stability..
The man accused of attempting to assassinate U.S. President Donald Trump during a White House gala last month pleaded not guilty to all charges in federal court on Monday.
French President Emmanuel Macron opened France’s first-ever business summit in an English-speaking African nation on Monday (11 May), as Paris seeks to strengthen ties across the continent following a decline in influence in several former French colonies.
UK Prime Minister Keir Starmer will attempt a political fightback on Monday (11 May) with a speech promising closer ties with the European Union after Labour suffered heavy local election losses and growing calls for his resignation.
U.S. President Donald Trump said on Sunday that three Polish nationals and two Moldovan citizens had been released from detention in Belarus and Russia, highlighting what he described as growing diplomatic cooperation with Minsk.
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