Electric Car

In response to some Chinese Model 3 owners claim that Tesla uses older versions of vehicle controller model of the China-made Model 3, Tesla today apologized and said it would replace the part for free.

As an electric vehicle company, Tesla has an absolute advantage in the manufacturing of electric vehicles. However, in the global new energy market in January, Tesla failed to maintain its top spot and was overtaken by BMW with a slight advantage.

Considering that Nio is carrying $1.5 billion in debt and that its free cash flow for fiscal 2019 is expected to be negative $1.4 billion (about 9.8 billion yuan), the recently announced new financing seems to be in vain, according to Bloomberg.

Japanese automaker Toyota and its partner FAW Group plan to build a new electric vehicle plant in Tianjin with a planned investment of about 8.5 billion yuan (about $1.22 billion), according to Reuters.

At a time when many people thought that Nio had run out of life, a "knight in white" gave a helping hand when Nio was most difficult.

Han EV, BYD's medium- and large-sized sedan, uses its self-developed "high-performance silicon carbide MOSFET motor control module" for the first time that can accelerate the car from 0 to 100 kilometers (0-60 miles) in less than 4 seconds, the company said.

On the afternoon of February 25, Nio announced that the Nio EC6 mass production project was launched in Hefei, and a strategic cooperation framework agreement was signed with Hefei City.

The 2020 model of BMW's first new pure electric i3 was launched in China recently, with a price tag of 305,800 yuan ($43574).

Tesla recently sent a long-range all-wheel drive (Long Range AWD) Model Y subscribers a confirmation receipt, saying that they would deliver their long-awaited electric crossovers in March, according to Teslarati.