Electric Vehicles

Tesla increased Model 3 production capacity at its Shanghai Gigafactory to 250,000 units a year and it is building a new factory for its Model Y.

Faraday Future will use the new funds to support mass production of its FF 91 model.

Ion Mobility plans to launch its first electric motorbike in Indonesia in 2021.

The firm’s main rivals Nio, Li Auto, and Xpeng are already listed in the United States.

Chinese EV startups look up to Tesla not only in terms of brand recognition, but also in the firm’s all-encompassing strategy for EVs.

Indonesian government officials have been talking about Tesla’s interest to invest in the country for a year now.

The cash-strapped EV maker has yet to launch its first automobile, the FF 91.

The startup has supplied more than 8,000 vehicles to web-based platforms and logistics companies.