Latest news with #MinistryOfIndustryAndInformationTechnology
Yahoo
2 days ago
- Automotive
- Yahoo
Tesla sparks buzz after announcing updated model coming to key market — here's what we know
Amid news of the Robotaxi and disgruntled shareholders, Tesla has also revealed the launch of a new Model 3 in China. Tesla had to file the new car's information with China's Ministry of Industry and Information Technology in advance of the rollout. According to AutoEvolution, the new Model 3+ has a single-motor configuration and an NMC battery, which may mean a longer range of over 500 miles. The Model 3+ in China will likely be comparable to the Model 3 Long Range in the United States. The addition of a new, long-range car to its lineup in China could help the company recover from two less-than-stellar quarters in 2025. Tesla's auto sales were down year-on-year in both Q1 and Q2 of 2025, as Buyacar observed. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Tesla stock has also fallen as a result of Q1 and Q2 sales. According to CNBC, "CEO Elon Musk told analysts that there could be a 'few rough quarters' ahead due to the expiration of federal electric vehicle tax credits." Musk's polarizing involvement in politics and his public feuds have also contributed to sales and stock volatility. However, Teslas and other electric vehicles play an important role in combating Earth's overheating. The Environmental Protection Agency explains that EVs have a lower environmental footprint than standard gas-powered cars, even when accounting for pollution from manufacturing the vehicles or their batteries. Additionally, charging an EV with energy generated from renewable sources, such as solar, results in nearly zero pollution. Installing home solar can drastically increase savings from EV ownership. Filling up with solar energy at home is cheaper than either recharging at public stations or relying on the grid to charge at home. EnergySage offers a free platform to compare quotes from vetted solar installers, potentially saving up to $10,000 on your installation. Would you be more likely to get an EV if it helped cut your energy costs? Big time Depends how much I'd save Still a no for me I already have an EV Click your choice to see results and speak your mind. Apart from reducing heat-trapping pollution that contributes to the planet's warming temperatures, EVs also have beneficial health impacts on communities, as they can reduce air pollution around homes and businesses. China produces about 70% of all EVs, according to the International Energy Agency, and Car News China stated that about 9% of all cars on the roads in China are EVs. For those in China who want to take advantage of the Model 3+'s extended range, AutoEvolution noted that the Model 3+ will be available in September. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
South China Morning Post
29-07-2025
- Business
- South China Morning Post
China's AI race heats up as Shanghai launches massive subsidy scheme
Shanghai has unveiled an ambitious 1 billion yuan (US$139 million) subsidy programme for the artificial intelligence industry, as the metropolis bids to compete with a string of other Chinese megacities that are also investing heavily to develop world-class AI ecosystems. The Shanghai subsidy package will focus on reducing costs for start-ups and making it easier for local businesses to adopt AI solutions, with 600 million yuan going toward subsidising computing power, 300 million yuan providing discounts on third-party AI models, and 100 million yuan helping companies procure data collections or corpuses to train new models. The programme also offers additional subsidies for renting, purchasing or building computing facilities, AI models and data sets, with subsidy rates ranging from 10 to 100 per cent of the contract value, according to a document released on Monday by the Shanghai Municipal Commission of Economy and Informatisation. The plan is designed to directly lower companies' costs – a strategy that is likely to yield tangible results in boosting Shanghai's local AI industry, according to Pan Helin, a member of an expert committee under China's Ministry of Industry and Information Technology. 'One of Shanghai's key advantages in AI development is its strong funding,' said Pan. Shanghai has long been an attractive destination for entrepreneurs in China due to its large financial sector and global outlook. But the city's high operating costs – from office rent to daily expenses – can push new AI start-ups towards cheaper cities like nearby Hangzhou, Pan said.
The Australian
28-07-2025
- Automotive
- The Australian
BYD, Chery caught in $185m Chinese EV subsidy scandal
Two of China's largest electric vehicle manufacturers, BYD and Chery, have been caught up in a multimillion-dollar subsidy scandal after a government audit revealed they improperly claimed more than $80 million in taxpayer funds. China's Ministry of Industry and Information Technology, shows that from 2016 to 2020, the automakers received public subsidies for more than 13,000 vehicles that failed to meet official requirements. Preliminary results published late last month show Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify. MORE: EV boss calls for end to ute incentives BYD electric cars waiting to be loaded to the car carrier BYD "Shenzhen", which will sail to Brazil from the Taicang Port in Suzhou, in China's eastern Jiangsu province. (Photo by AFP) / China OUT BYD had 4,973,143 million yuan (approximately AUD $30 million). Both car brands accounted for close to 60 per cent of the total improper claims. The audit assessed more than 75,000 vehicles from more than a dozen automakers. In total, more than 21,700 vehicles across multiple brands were deemed ineligible accounting for 864.9 million yuan (approximately AUD $185 million) in questionable subsidies. No formal allegations of fraud have been made but the audit did flag issues such as missing supporting documents and failure to meet minimum mileage thresholds required under the phased out EV incentive scheme. Under the subsidy program, the Chinese government had previously offered generous cash rebates of up to 60,000 yuan (AUD $8400) per electric or plug-in hybrid vehicle, paid directly to manufacturers, who were supposed to pass on the subsidy to their customers as a discount on the purchase price. MORE: Jet on wheels delivers wild luxury Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify. Picture: Supplied However, this did not always happen correctly. Regulators were particularly sceptical of dealer practices and sales strategies, calling out 'zero kilometre used cars', brand new vehicles registered to dealers and resold as used stock to inflate sales figures. The Ministry has not confirmed whether any of the funds flagged in the audit have been repaired or deducted from future payments. Chery denied the allegations and has said it acted transparently and said the audit only involved subsidy applications that had not yet been paid out. BYD has not yet commented. Read related topics: China Ties Danielle Collis Journalist and Reporter Danielle's background spans print, radio and television, she has contributed to outlets such as The Age, ABC, Channel Nine and many more. For more than four years, Danielle has worked as Liz Hayes' producer and investigative journalist on her show 'Under Investigation', covering everything from corporate scandals to Australia's most baffling crime cases. Danielle's covered a range of topics from breaking news, politics, lifestyle and now motoring. Danielle Collis
Yahoo
21-07-2025
- Automotive
- Yahoo
Tesla's New Model Y L Brings More Space and More Power — But Only for China
Tesla's New Model Y L Brings More Space and More Power — But Only for China originally appeared on Autoblog. The upcoming Tesla Model Y L is a longer, six-seat version of the standard Model Y. While the new variant hasn't gone on sale yet, Tesla has applied for a sales license with the country's Ministry of Industry and Information Technology. That filing revealed full details about the new model, including its dimensions, power output, and three-row layout. For now, though, it's only confirmed for the Chinese Different About the Model Y L This isn't just a standard Model Y with a third row squeezed in. Tesla stretched the wheelbase by 5.9 inches to make room for a full set of second-row captain's chairs and a third row behind them. That brings the total length to 195.9 inches, which puts it just 4 inches shy of the full-size Model X. The roofline is also slightly taller, and the whole thing gains about 212 pounds, tipping the scales at just over 4,600 pounds. It's not just bigger; it's also more powerful. The Model Y L runs a dual-motor all-wheel-drive setup, with 456 hp in total – about 80 more hp than the current dual-motor version. The biggest visual giveaway, however, is its new triple Y badge at the back. While Tesla hasn't shared any acceleration figures, the documents confirm a slightly pedestrian 125 mph top speed. Why It's A China-Only Release (For Now) China has been Tesla's strongest market for the Model Y. In 2024, the company sold over 480,000 units there, making the standard Model Y the best-selling car in the country. Nearly three-quarters of Tesla's Chinese sales came from that one model alone. But things have cooled off a bit. Since the refreshed Juniper version launched in early 2025, Model Y sales in China have dropped more than 17 percent year over year. And with local rivals like Xpeng, Deepal, and Zeekr heating up the competition, Tesla needed something new to hold attention. That's where the Model Y L comes in. Chinese buyers tend to favor long-wheelbase cars — it's a common trend, even with sedans — so adding more room and a third row could help Tesla stand out in a crowded EV space. What This Could Mean for Other Markets There's no official word on whether the Model Y L will be offered outside of China. Still, it wouldn't be surprising if Tesla eventually rolled out something similar elsewhere. Three-row SUVs are always in demand in North America and Europe, but most options are either huge or expensive, often both. A stretched version of the Model Y could hit a sweet spot. It's cheaper and more efficient than a Model X, while still offering more flexibility for families or fleet buyers. But considering how many Chinese-exclusive cars never find their way across the pond, we wouldn't get our hopes up just yet. Tesla's New Model Y L Brings More Space and More Power — But Only for China first appeared on Autoblog on Jul 19, 2025 This story was originally reported by Autoblog on Jul 19, 2025, where it first appeared.
The Drive
16-07-2025
- Automotive
- The Drive
Ford Is Building a Big Electric Bronco—But Not for America
The latest car news, reviews, and features. As Ford pulls away from EVs here in the States, it's doubling down elsewhere. This one has gotten our attention, though. Everyone is wondering when Ford might finally electrify the Bronco, and for the Chinese market, at least, the answer appears to be 'soon.' Based on information gleaned from a filing with China's Ministry of Industry and Information Technology, the new SUV looks like a much bigger Bronco Sport from the future. Details on China's electric Bronco began making the rounds Wednesday from multiple sources, including Chinese-market auto expert Tycho de Feijter. Before we touch on anything else, it's important to convey how large this SUV is, because it's hard to tell from images alone. At roughly 198 inches long, this Bronco is about nine inches longer than a gas four-door and has more than two feet on a Sport. It also carves a wider footprint than all Stateside models except the widened Wildtrak, and weighs around 5,800 pounds. That's for the fully electric model, by the way; China's Bronco will also be sold as an extended-range EV tipping the scales at over 5,500 pounds, and that's where things get interesting. It's definitely recognizable as a Bronco from the rear, but it doesn't look as traditionally rugged as the regular model, or as toy-like as the Sport. It sits in between, and looks more modern than both. Ministry of Industry and Information Technology, Ford The pure EV is said to use a 105.4-kWh battery, good for a projected 404-mile range. (That figure should be taken with a grain of salt, as China's testing cycle tends to produce range estimates much more optimistic than the EPA's.) The EREV would unite a 43.7-kWh battery with a 1.5-liter engine to deliver 758 miles on a full charge and tank of gas, or 137 miles under electric power alone. Tycho reports all-wheel drive and very healthy power figures, though others claim it's front-wheel drive only, so we'll have to wait for more clarity there. This China-only Bronco will be built in collaboration with Jiangling Motors, and the batteries are sourced from BYD. Our friends at Carscoops report that it'll be called the 'Bronco New Energy,' though we haven't seen that name elsewhere. Ford will probably call it something unique, as you can buy a normal Bronco in China already. As for how things are going for Ford here at home, in recent months the automaker has delayed the F-150 Lightning's successor and canceled a large electric SUV previously in development. That SUV was not this Bronco for China, but you've got to wonder how similar it might've looked, and how viable a vehicle like this could still be in the U.S. The Mustang Mach-E is in its fifth year of production, and though it was an excellent first effort, a larger, more rugged-looking electric SUV with an optional gas engine to thwart range anxiety would seem to be a better fit for American sensibilities. Got a tip? Send it our way at tips@
