A top Chinese auto association said that both Tesla’s Model 3 and Model Y cars meet data-security regulations.

Chinese automakers are incorporating advanced technologies and premium features into EVs to woo consumers.

Tesla will utilise its established foundations and production lines to present the so called ‘more affordable’ models by early next year.

Honda has announced plans to collaborate with South Korean steel giant POSCO for battery cathode materials production.

While automakers are trying to cope with the competitive EV landscape, Mercedes has confirmed its continued investment in Chinese tie-ups.

Polestar Automotive is gearing up to shift its production unit for cars it plans to sell into Europe to its U.S. plant.

In the short term, Ford will focus on hybrid vehicles to offer a smooth introduction to the customers into the future of battery technology.

Qiankun, Huawei’s latest software for intelligent driving, marks the company’s push to become a major player in the electric vehicle industry.

Some analysts believe that GM could lose additional market share in the near and intermediate term due to its lack of hybrid gasoline-electric vehicles.

The new Tesla models will be launched ahead of the target period of the Model 2 and will also included more affordable variants.