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Tesla launches new ‘financial leasing’ product to buy cars with 0% down payment

Electrek

Tesla has launched a new financial product called “financial leasing” that enables customers to buy its cars with no down payment. It’s currently only available in China.

Buy 126
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NIO (NIO) eyes buying Volkswagen plant in historic market shake up

Baua Electric

China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. NIO in talks to buy Volkswagen Brussels plant Volkswagen may close its first plant in Germany ever. However, VW is facing an overcapacity crisis amid sluggish EV sales and a slew of new competitively priced electric cars from China.

Buy 52
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Tesla China announces 0% down ‘Financial Leasing’ with buy-out options

Teslarati

Tesla China has announced a new “Financial Leasing” plan for more affordability as it offers the option of 0% down to purchase a vehicle, as well as several other financing options. Widespread EV adoption is already occurring in China, and Tesla is among the most popular manufacturers in the market.

China 145
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Tesla (TSLA) maintains PT & BUY rating from Canaccord

Teslarati

Canaccord Genuity analyst George Gianarikas reiterated the investment bank’s Tesla price target of $234 and maintained the company’s BUY rating. In a note released last week, Gianarikas provided some insight into Tesla’s production and delivery numbers in the first quarter. year over year. Adventure 2 – Supply issue.

Buy 139
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Tesla plans to leverage data center in China to train self-driving algorithm: report

Teslarati

Tesla is planning to utilize a data center in China to train its self-driving algorithm as the company continues to develop fully autonomous electric vehicles, a new report states. According to one of the sources, Tesla has spoken to Nvidia about buying graphic processing units for the potential Chinese data processing center.

China 135
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Nikkei analysis finds Tesla relies on China for 40% of battery supply chain

Green Car Congress

China was the largest supplier of materials for the lithium-ion batteries used in Tesla’s EVs, constituting 39% of the 61 companies in the storage battery category, based on Nikkei’s analysis of the supply chain. China accounted for 40% of the 42 firms engaged in nonferrous smelting excluding aluminum smelters.

Supplies 150
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Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

Green Car Congress

The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China. Shandong Energy Group is the third-largest coal mining group in China in terms of production volume.