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Faraday announces strategic partnership with LeTV, unveils FFZERO1 Concept

LAS VEGAS – After weeks of speculations, Faraday Future confirmed its strategic cooperation partnership with LeTV, the Chinese internet company who is in the process of building its own Super Car. The California-based electric car startup officially made the announcement at an event unveiling its FFZERO1 Concept on January 4

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Volkswagen apologizes, announces “66” SUV/NEV plan in Guangzhou

GUANGZHOU – Volkswagen apologized to the Chinese media and public at the Guangzhou Auto Show last week for its mistakes in the ongoing diesel emissions scandal, before announcing new SUV and new energy vehicle product plans for the Chinese market. “At Volkswagen, mistakes have been made lately and in the

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Exclusive: Tesla CEO threatens firings after dismal China sales – sources

PARIS/DETROIT (Reuters) – Tesla Motors Inc. (TSLA.O) Chief Executive Elon Musk is prepared to fire overseas executives, people with knowledge of the matter said, after weak Chinese sales of the company’s luxury electric cars cast doubt on his ambitious global expansion plans. Tesla sold about 120 cars in China last

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Leshi’s super bet to disrupt the industry

The blockbuster news of this week, and maybe of this year, is the announcement by Chinese Internet company Leshi to build electric cars. Jia Yueting, the billionaire founder and CEO of letv.com tweeted on Sina Weibo on December 9 that Leshi plans to build a smart electric vehicle dubbed the

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