Nissan unveils plan to shrink EV production costs
By 2030, Nissan aims to make electric models at the same price as traditional combustion engine cars, the company said as it announced a new mid-term strategy.
By 2030, Nissan aims to make electric models at the same price as traditional combustion engine cars, the company said as it announced a new mid-term strategy.
That compares with a 200,000-300,000-yuan range where premium EV makers generally prices their cars.
Nissan's board of directors decided on Tuesday to consider a potential alliance with its larger Japanese rival, TV Tokyo said, citing unidentified sources.
The region has emerged as one of the hottest EV markets in recent years and could offer Tesla a large customer base at a time when demand is slowing in the United States.
Xiaomi -- the world's third-largest smartphone manufacturer -- also produces tablets, smartwatches, headphones, and scooters.
Homologation is the process of certifying vehicles for roadworthiness under rules specified by the government for all vehicles made or imported into the country.
BYD has already set lower launch prices for a slew of models as EV rivals including domestic peer Geely Auto and US champion Tesla likewise introduce incentives to woo customers in a cooling market.
Pickups of existing inventories of Model 3 sedans and Model Y SUVs by the end of March would be entitled to a maximum of 34,600 yuan ($4,807.76) worth of incentives, Tesla said in a post on its Weibo account.
The delivery was made by the BYD Explorer No.1, the first of eight cargo ships specially commissioned by the Chinese group to expand its export operations.
The Yangwang U9 will initially be for the China market, the company said at a live-streamed event in Shanghai. The car can hit 100 km/h (62 mph) in 2.36 seconds and reach a top speed of 309.19 km/h, it said.
Tesla has retail outlets in Mexico but had yet to expand into South America, according to its website. Chile has a target to sell only electric vehicles by 2035, although EV-adoption is still low in general in Latin America, with consumers wary of high prices and limited charging station networks.