Tesla

Recently, Shanghai has tightened restrictions on vehicles with license plates from other provinces and cities, making a large number of users start to consider buying new energy vehicles with local license plates, especially those from Tesla, NIO, and XPeng.

As its stock price has soared, NIO's market capitalization has surpassed that of BMW and General Motors. That's gotten the Chinese EV maker more attention, including from Tesla CEO Elon Musk. 

China-made Tesla Model Y has completed its regulatory filing and the battery type is lithium-ion ternary batteries, documents released by China's Ministry of Industry and Information Technology showed on Thursday.

The unreasonable arrogance of Tesla recalling vehicles but denying the defects overseas and instead blaming Chinese users' habits and pressure from regulators, cannot be ignored, Xinhua News Agency said in a commentary today.

China-made Tesla Model 3 delivery date has been changed from 1-2 weeks to 4-6 weeks as customer demand soars, according to information on Tesla China's official website.

Tesla's Full Self-Driving (FSD) set of features now costs $10,000 to get, up $2,000 from before, according to Tesla's US website.

NIO and XPeng, two of the leading companies in the new Chinese car manufacturing industry, have a skill set previously reserved for Tesla.

In a year or so, the price of the China-made Tesla Model 3 has dropped from nearly RMB 400,000 to RMB 249,900. There's no doubt that an inexpensive, high-quality Tesla has enough momentum to disrupt the EV market, can XPeng and NIO handle the challenge?

The China-made Model 3 export ceremony was held at Tesla's Shanghai Gigafactory on October 26, and about 7,000 Model 3s will be exported to the European market on Tuesday and are expected to arrive at the Belgian port by the end of next month, according to thepaper.cn.

Shanghai recently issued new rules to increase restrictions on the passage of vehicles with license plates from other provinces and cities, which, in the opinion of analysts, will facilitate the sale of new energy vehicles such as Tesla and NIO that can obtain local license plates for free.