Would you like to receive notifications on latest updates of the following headlines?

Tesla's China-made EV Sales in August up 3% yr/yr

POSTED ON September 3, 2024 •   Technology      BY Abiodun Saheed Omodara
Logo of Tesla electric vehicle company is pictured on an S model vehicle. l Credit: dpa

Tesla's China-made electric vehicle sales grew 3% in August from a year earlier, while deliveries of its China-made Model 3 and Model Y vehicles rose 17% from July. 

Chinese rival BYD reported a 35.3% year-on-year jump in passenger vehicle sales in August, and other local EV competitors also saw higher sales.

Tesla's rising China numbers, including domestic sales and exports, were aided by extended incentives for local buyers and government backing.

Tesla has been offering a financing plan with a zero-interest loan to attract buyers, and has won endorsement from several local governments for official car purchases.

READ ALSO
Tinubu, Ogun leaders champion tech innovation
BY Abiodun Saheed Omodara December 26, 2024 0

The City Boy Movement, Ogun State Chapter, awarded N14m to winners of its technology grant initiativ...

READ ALSO
SEC promises transparency, fairness in fintech regulation
BY Abiodun Saheed Omodara December 24, 2024 0

LAGOS, Nigeria - The Securities and Exchange Commission (SEC) has assured stakeholders in the fintec...

READ ALSO
NSE president, Oguntala advocates AI to tackle pipeline vandalism
BY Benedicta Bassey December 19, 2024 0

NIGERIA — In a bid to ensure pipeline integrity in various monitoring systems, the president o...

READ ALSO
NEOM invest in automated robotic technology for construction projects
BY Abiodun Saheed Omodara December 13, 2024 0

NEOM has signed a landmark investment agreement with GMT Robotics, one of Europe’s emerging in...

READ ALSO
Meta offers $1m to Trump’s inaugural fund
BY Benedicta Bassey December 12, 2024 0

UNITED STATES —  Meta has donated $1 million to President-elect Donald Trump’s inau...

READ ALSO
LASG to boost revenue with technology
BY Abiodun Saheed Omodara December 4, 2024 0

Lagos State Governor, Babajide Sanwo-Olu has stated that his administration would boost the state&rs...

READ ALSO
Microsoft faces legal action over cloud computing licenses
BY Abiodun Saheed Omodara December 4, 2024 0

Microsoft faces legal action in Britain over a claim that thousands of businesses using cloud comput...

READ ALSO
Google, Meta advocate delay of Bill banning under-16 from social media
BY Benedicta Bassey November 26, 2024 0

Australian, Oceanic —Tech giants Google and Meta have urged the Australian government to...

OUR CHANNELS:

Oyo govt. sets conditions for Sharia Court inauguration
BY Abiodun Saheed Omodara December 26, 2024 0

The Governor of Oyo State, Seyi Makinde, has said he’s aware of the move to inaugurate a Shari...


SEC promises transparency, fairness in fintech regulation
BY Abiodun Saheed Omodara December 24, 2024 0

LAGOS, Nigeria - The Securities and Exchange Commission (SEC) has assured stakeholders in the fintec...


No regret removing fuel subsidy- Tinubu
BY Abiodun Saheed Omodara December 24, 2024 0

ABUJA, Nigeria - President Bola Tinubu, on Monday, said he had no regret removing fuel subsidy. The...


Urologist cautions Nigerian men on long-term use of libido drugs
BY Abiodun Saheed Omodara December 25, 2024 0

GOMBE, Nigeria - A consultant of urologist at Federal Teaching Hospital, Gombe, Ahmed Umar, has warn...


Courts convict 742 terrorists, as 888 regain freedom
BY Benedicta Bassey December 24, 2024 0

ABUJA, Nigeria  —  The Federal Government has prosecuted not fewer than 1,743 suspec...


Approve additional consulate office in UK, US, Canada, Reps tell FG
BY Benedicta Bassey December 24, 2024 0

ABUJA, Nigeria  —  The House of Representatives Committee on Foreign Affairs has cal...


LASTMA launches technology to report traffic violations amid festivity
BY Benedicta Bassey December 24, 2024 0

LAGOS STATE, Nigeria  —  The Lagos State Traffic Management Authority has advised re...


No going back on tax reform bills - Tinubu
BY Benedicta Bassey December 24, 2024 0

LAGOS STATE, Nigeria  — President Bola Tinubu has said that there is no going back on the...


Imo governor presents 756bn budget to Assembly
BY Benedicta Bassey December 24, 2024 0

IMO STATE, Nigeria  —The Imo state Governor, Hope Uzodimma, has presented the state&rsquo...


Kogi Assembly Approves N582.4 Billion 2025 Appropriations Bill
BY Ebiakuboere England December 24, 2024 0

KOGI- The Kogi State House of Assembly has enacted the N582,404,119.489 2025 Appropriations Bill. A...


More Articles

Load more...

Menu