Tesla is facing 10 civil lawsuits in China

By Jill Shen

US electric vehicle maker Tesla is facing at least eight civil lawsuits by Chinese individuals and two possible class-action lawsuit over “disputes in sales contracts,” according to information released recently on the Shanghai city court system.

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AV funding picks up in first half of May

By Jill Shen

Chinese self-driving startup Hongjing Drive on Wednesday announced it has raised “tens of millions of RMB” in its Series pre-A. This is the second venture deal in China’s AV industry in two weeks amid an enhanced national push to drive an nautomotive t…

Faraday Future may live to see another day

By Jill Shen

The feast-or-famine financials that have blighted Faraday Future for two years look near a turning point. Its beleaguered founder has secured majority votes from creditors for his personal debt-restructuring plan, according to a US court filing by bank…