China Auto Roundup: Tesla to Road Test Full Self-Driving, Huawei to Roll Out Two New EVs

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Tesla’s Model Y at the 2024 Shanghai International Carbon Neutral Technology, Products and Achievements Expo on June 6. Photo: VCG

Welcome to the Auto Roundup — a weekly briefing on the biggest headlines in China’s automotive industry covering electric vehicles, gas-powered cars, battery and autonomous technology, and more.

Tesla gets license to test advanced autonomous driving system in Shanghai

Tesla Inc. is one step closer to launching its Full Self-Driving (FSD) system in China, as the U.S. automaker has been granted a road test license by Shanghai authorities and may have begun testing the system, a source close to the city’s policymaking department told Caixin.

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Tesla has been granted a road test license in Shanghai to test its Full Self-Driving system.
The EU plans to impose up to 38.1% tariffs on China-made electric vehicles, affecting automakers like BYD, Geely, and SAIC.
Huawei announced two new electric vehicle models for release this year in collaboration with BAIC and Chery Automobile.

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Who’s Who

Tesla Inc.: Tesla Inc. has been granted a road test license by Shanghai authorities to test its Full Self-Driving (FSD) system in China. Reports indicate that Tesla may have already begun testing the system with 10 vehicles in the Lingang area of Shanghai.

BYD Co. Ltd.: BYD Co. Ltd., an electric vehicle giant, will face an additional tariff of 17.4% on battery-electric vehicles shipped from China to the European Union. This new duty results from an ongoing EU investigation into state subsidies aiding Chinese EV makers in undercutting European rivals.

Geely Automobile Holdings Ltd.: Geely Automobile Holdings Ltd., maker of Volvo and Polestar cars, will face an additional tariff of 20% following the EU’s decision to impose extra duties on battery-electric vehicles shipped from China. This measure is part of an ongoing investigation addressing alleged state subsidies that allow Chinese carmakers to undercut their EU competitors.

SAIC Motor Corp. Ltd.: SAIC Motor Corp. Ltd., the state-owned company that owns British brand MG, will be significantly impacted by the EU's new tariff hikes on China-made battery-electric vehicles. The tariffs will raise SAIC's tax rate by 38.1% on top of the existing 10%, resulting in substantial additional costs for the company as it navigates the European market.

Huawei Technologies Co. Ltd.: Huawei Technologies Co. Ltd. announced that two new electric vehicle (EV) models will launch this year. The Stelato S9 sedan, developed with BAIC BluePark New Energy Technology, will debut in August with a pre-sale price of 450,000 to 550,000 yuan. The Luxeed R7 SUV, developed with Chery Automobile, is set for a September release with a pre-sale price range of 300,000 to 400,000 yuan.

BAIC BluePark New Energy Technology Co. Ltd.: BAIC BluePark New Energy Technology Co. Ltd. is an automaker specializing in pure electric vehicles. This company has collaborated with Huawei Technologies Co. Ltd. to develop the Stelato S9 luxury sedan, which is set to debut in August. The S9 is competitively priced between 450,000 yuan and 550,000 yuan ($62,000 to $75,800), positioning itself against high-end models like the Mercedes-Benz S-class and BMW 7 Series.

Chery Automobile Co. Ltd.: Chery Automobile Co. Ltd. is a partner with Huawei Technologies Co. Ltd. in developing new electric vehicles. The second model from their collaboration, the Luxeed R7 SUV, is set to be released in September, with a pre-sale price range of 300,000 yuan to 400,000 yuan.

China Evergrande New Energy Vehicle Group Ltd.: China Evergrande New Energy Vehicle Group Ltd., an EV unit of the beleaguered property developer China Evergrande Group, has been ordered to repay about $262 million in government subsidies for failing to meet contractual obligations. The repayment order could lead to the forced repossession of factory land, buildings, and equipment, adding further strain to the company's finances.

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