By , BEIJING (Reuters) - China sharply ramped up restrictions on people leaving the capital on Tuesday in an effort to stop the most serious coronavirus flare-up since February from spreading to other cities and provinces.The decision to impose fresh curbs and raise the city’s emergency response level back to II from III came as Beijing’s current outbreak rose to 106 infections since Thursday.The outbreak has been traced to the sprawling Xinfadi wholesale food centre in the southwest of Beijing where thousands of tonnes of vegetables, fruit and meat change hands each day.The coronavirus was...…By , BEIJING (Reuters) - China sharply ramped up restrictions on people leaving the capital on Tuesday in an effort to stop the most serious coronavirus flare-up since February from spreading to other cities and provinces.The decision to impose fresh curbs and raise the city’s emergency response level back to II from III came as Beijing’s current outbreak rose to 106 infections since Thursday.The outbreak has been traced to the sprawling Xinfadi wholesale food centre in the southwest of Beijing where thousands of tonnes of vegetables, fruit and meat change hands each day.The coronavirus was...WW…

By , BEIJING (Reuters) - China sharply ramped up restrictions on people leaving the capital on Tuesday in an effort to stop the most serious coronavirus flare-up since February from spreading to other cities and provinces.The decision to impose fresh curbs and raise the city’s emergency response level back to II from III came as Beijing’s current outbreak rose to 106 infections since Thursday.The outbreak has been traced to the sprawling Xinfadi wholesale food centre in the southwest of Beijing where thousands of tonnes of vegetables, fruit and meat change hands each day.The coronavirus was...…By , BEIJING (Reuters) - China sharply ramped up restrictions on people leaving the capital on Tuesday in an effort to stop the most serious coronavirus flare-up since February from spreading to other cities and provinces.The decision to impose fresh curbs and raise the city’s emergency response level back to II from III came as Beijing’s current outbreak rose to 106 infections since Thursday.The outbreak has been traced to the sprawling Xinfadi wholesale food centre in the southwest of Beijing where thousands of tonnes of vegetables, fruit and meat change hands each day.The coronavirus was...WW…

By , “I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC).“I remain confident that we will have the basic functionality for level 5 autonomy complete this year.”However industry insiders have said it would take time for the technology to get ready and public to trust autonomous vehicles fully.The California-based automaker currently builds cars with an Autopilot driver-assistance system.Tesla is...…By , “I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC).“I remain confident that we will have the basic functionality for level 5 autonomy complete this year.”However industry insiders have said it would take time for the technology to get ready and public to trust autonomous vehicles fully.The California-based automaker currently builds cars with an Autopilot driver-assistance system.Tesla is...WW…

By , HONG KONG/BEIJING(Reuters) - Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.“The difficulties that EV start-ups have encountered, such as the auto sales decline, harsh fundraising environment and subsidies reduction, all started last year,” said Brian Gu, president of Alibaba-backed Xpeng Motors.“The outbreak will aggravate these issues that already had existed,” said Gu, whose firm delivered 16,000 vehicles in...…By , HONG KONG/BEIJING(Reuters) - Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.“The difficulties that EV start-ups have encountered, such as the auto sales decline, harsh fundraising environment and subsidies reduction, all started last year,” said Brian Gu, president of Alibaba-backed Xpeng Motors.“The outbreak will aggravate these issues that already had existed,” said Gu, whose firm delivered 16,000 vehicles in...WW…

By , “I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC).“I remain confident that we will have the basic functionality for level 5 autonomy complete this year.”However industry insiders have said it would take time for the technology to get ready and public to trust autonomous vehicles fully.The California-based automaker currently builds cars with an Autopilot driver-assistance system.Tesla is...…By , “I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC).“I remain confident that we will have the basic functionality for level 5 autonomy complete this year.”However industry insiders have said it would take time for the technology to get ready and public to trust autonomous vehicles fully.The California-based automaker currently builds cars with an Autopilot driver-assistance system.Tesla is...WW…

By , BEIJING (Reuters) - China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.The brand, positioned in the premium segment and named “Zeekr”, will be housed under Geely’s to-be-launched EV entity Lingling Technologies, according to three people, who declined to be named as the plan is not yet public. Reuters reported the plans for Lingling last month.Geely, the owner of Volvo Cars and 9.7% of Daimler AG, will...…By , BEIJING (Reuters) - China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.The brand, positioned in the premium segment and named “Zeekr”, will be housed under Geely’s to-be-launched EV entity Lingling Technologies, according to three people, who declined to be named as the plan is not yet public. Reuters reported the plans for Lingling last month.Geely, the owner of Volvo Cars and 9.7% of Daimler AG, will...WW…

By , BEIJING/SHANGHAI (Reuters) - New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla’s Model Y pricing will emerge as a major disruptor in the world’s biggest car market.Tesla Inc, which became the world’s most valuable car maker last year, started selling locally made Model Y SUVs in China this month, for almost a tenth less than gasoline-powered luxury cars with similar market positioning.It set the starting price at 339,900 yuan ($52,376), or 10% below official prices of Daimler’s Mercedes GLC,...…By , BEIJING/SHANGHAI (Reuters) - New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla’s Model Y pricing will emerge as a major disruptor in the world’s biggest car market.Tesla Inc, which became the world’s most valuable car maker last year, started selling locally made Model Y SUVs in China this month, for almost a tenth less than gasoline-powered luxury cars with similar market positioning.It set the starting price at 339,900 yuan ($52,376), or 10% below official prices of Daimler’s Mercedes GLC,...WW…

By , BEIJING (Reuters) - Tesla Inc said on Thursday it planned to start making electric vehicle (EV) chargers in China in 2021, part of the U.S. carmaker’s push to boost sales in the world’s biggest car market.Tesla, which now sells its Model 3 electric cars in China and plans to deliver its Model Y sport utility vehicles in 2021, plans to invest 42 million yuan ($6.4 million) in a new factory to make its third generation of quick chargers, known as the Supercharger V3, it said in a statement.The factory will be near its car plant in Shanghai.China, which offers hefty subsidies for electric...…By , BEIJING (Reuters) - Tesla Inc said on Thursday it planned to start making electric vehicle (EV) chargers in China in 2021, part of the U.S. carmaker’s push to boost sales in the world’s biggest car market.Tesla, which now sells its Model 3 electric cars in China and plans to deliver its Model Y sport utility vehicles in 2021, plans to invest 42 million yuan ($6.4 million) in a new factory to make its third generation of quick chargers, known as the Supercharger V3, it said in a statement.The factory will be near its car plant in Shanghai.China, which offers hefty subsidies for electric...WW…

By , The plan would mark a change of tack for GM, which currently produces all of the vehicles it sells in China within the country, which is set to be the only major economy to grow this year amid the COVID-19 pandemic.GM, China’s second-biggest foreign automaker, is aiming to offer four models as it looks to improve its brand image and support a sales recovery: Chevrolet’s Tahoe and Suburban, Cadillac’s Escalade and the GMC Yukon Denali.The Detroit-based company is showcasing those models at the China International Import Expo, or CIIE, an annual import show in Shanghai which started on...…By , The plan would mark a change of tack for GM, which currently produces all of the vehicles it sells in China within the country, which is set to be the only major economy to grow this year amid the COVID-19 pandemic.GM, China’s second-biggest foreign automaker, is aiming to offer four models as it looks to improve its brand image and support a sales recovery: Chevrolet’s Tahoe and Suburban, Cadillac’s Escalade and the GMC Yukon Denali.The Detroit-based company is showcasing those models at the China International Import Expo, or CIIE, an annual import show in Shanghai which started on...WW…

By , SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world’s biggest auto market.Slideshow The results come as China’s overall auto sales slowly recovers from a virus-blighted start to the year. Sales climbed for the fourth consecutive month in July yet are still down 12.7% for the year to date.China’s highest-profile automaker - due to group investments in Volvo Cars and Daimler AG - posted January-June net profit of 2.3...…By , SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world’s biggest auto market.Slideshow The results come as China’s overall auto sales slowly recovers from a virus-blighted start to the year. Sales climbed for the fourth consecutive month in July yet are still down 12.7% for the year to date.China’s highest-profile automaker - due to group investments in Volvo Cars and Daimler AG - posted January-June net profit of 2.3...WW…